Guide to Buying a Condo Hotel (Condotel) in Miami - FAQs and More

Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
Guide to Buying a Condo Hotel (Condotel) in Miami - FAQs and More
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty

Jan 02, 2019 January 02, 2019

Miami has been the playground of choice for beach lovers, party goers and tourists in general for ages. The constant demand from people wanting to live and play here makes Miami a natural pick for the concept of condo hotels. Almost every major hospitality brand out there either has one or is in the process of putting a new condo hotel in the city. But, what is a condo hotel? What makes it a good investment? Why would anyone choose a condo hotel over a traditional condo or a timeshare? Find answers to such frequently asked questions and more below in our complete guide to buying a condo hotel in Miami.

Quick Links

Acqualina Ocean Residences
Acqualina Ocean Residences

What is a Condo Hotel and How Does it Work?

Condo hotels are typically high-rises operated by hotel brands. These are generally built close to popular vacation destinations. The condo-hotel units are reserved for sale to individuals who would like to own them as a second home or vacation property, and owners then have the option to place their condo in the hotel’s rental program to earn a revenue while they’re away.

Perhaps the best part of buying a unit in a condo hotel is that the owner inherits all of the 5-star amenities, services and luxuries associated with the hotel brand. Typical amenities include signature spa services, fine dining, nightclubs, lounges, lavish pools, room service, concierge desk and housekeeping.

To the average guest, a condo hotel unit might seem no different than a regular hotel suite, but the key difference is that it is individually owned.

Condo Hotels: One Residence, Many Names

A condo hotel goes by many names. It is mostly known as a condominium hotel, hotel condo, and of course, condo hotel in the U.S. Internationally such residences are popularly known as condotels.

Advantages of Owning a Condo Hotel Vs. Traditional Vacation Condo

Before delving into the details of buying or owning a condo hotel, let’s take a look at the various advantages a condotel owner gets by default:

Hassle-free vacation home with signature hotel amenities. One of the biggest attractions of buying a condo hotel suite as a vacation home is getting access to all the facilities of a full service resort. While housekeeping, room service and a concierge take care of things during your stay, the hotel team or an on-site management company can take over once you’re away.

Hospitality-grade, professional managed rental program. Another great advantage of being part of a brand is that if you put your suite in the hotel’s rental program, you have a professional team with years of sales and marketing experience in the hospitality sector working to your advantage. Not only does your suite get the advantage of a professionally managed marketing team, but also a multi-million-dollar global reservation system keeping your suite in the limelight and generating revenue all year long. This, of course, comes with the hotel getting a share of your revenue.

On the other hand, in case you decide not to use the hotel’s rental program and prefer hiring a third-party management company to do an airbnb for example, you then get to keep a bigger share of the revenue while still enjoying all the leverages and benefits associated with the hotel’s brand.

Income known to offset ownership expenses. Just like a regular vacation condo, a hotel condo too comes with its own set of expenses like monthly fees, maintenance and repairs, short term rental taxes, etc. However, with the hotel’s rental program looking to generate a regular stream of income, many are able to offset the cost of ownership and even book profits on their suite.

Two-fold appreciation. Any kind of property is known to be an appreciable asset. One unique advantage to a condo hotel is that if the image of the hotel brand improves over time that can increase your property rental rates and possibly your property value.

Icon Brickell III (W Miami)
Icon Brickell III (W Miami)

Difference between a Timeshare and Condo Hotel

No joint ownership. Unlike a timeshare, wherein several owners get to use the same property as a vacation home, a hotel condo is individually owned.

No fixed time for vacation. Since you do not share ownership of your condotel suite, the concept of time sharing is also ruled out. In a timeshare, co-owners usually agree upon the amount of vacation time they can have on the property, which is typically the same 1-2 weeks a year. However, in a condo-hotel since you are the sole owner of your suite, you get to decide the number of days and times a year you could use your vacation condo (this, is of course, after due consultation with the hotel on blackout dates, if you are enrolled in the hotel rental program).

Easier to resell. The concept of sharing ownership and splitting time with others in itself can be a turn off for many buyers. However, since a condo hotel suite is individually owned, it is has a higher probability of appreciating over time and is easier to resell.

Is a Condo Hotel the Right Choice for Me?

If you answer yes to the following, then a condotel would be the right choice for you:

  • You only plan on using it as a vacation property
  • You only plan on visiting for a small percentage of the year
  • You like the idea of owning a slice of luxury in a world-class hotel brand
  • Earning rental income while not using it is a priority

Is Buying a Condo Hotel a Good Investment?

Just like any other investment vehicle, whether this turns out to be a smart pick or not actually depends on your needs and choices. Here are a few elements that impact your return on investment:

  • Not all hotel brands are built the same. Your revenue directly depends on your hotel condo’s brand image and management. The stronger the brand value and management, the more you can expect to earn per night. This means it becomes extremely important to choose the right brand in accordance with your investment capability.
  • Revenue splits. If you chose to enroll in the hotel’s rental program, keep in mind that you will be splitting revenues with the establishment. This means you could pocket anywhere between 35-60 percent of the earnings, depending on which condo-hotel you choose. However, a 35% cut from a well-established, high-end brand could end up giving you better annual returns than a 60% cut from a weaker brand.
  • Projected data limitations. Since developers are only allowed to sell condo hotels as real estate and not investments (according to the Securities and Exchange Commission), you will not be given any data on occupancy forecasts, proposed rates or expected rate of returns for pre-construction projects. However, existing properties can share historical data about earnings, which can give you a fair idea of what to expect.
  • No guarantees on occupancy rates or income. Again, since the SEC restricts sharing any kind of projected data, no realtor or developer will commit to any kind of income or rate estimates. Also, your condo hotel earnings will be just as vulnerable to economic or political climate change as the rest of the hospitality industry. So, the only thing one can do to safeguard their investment is to look into the checklist below and ensure a good buy.

 Mondrian
Mondrian - Photo credit: Ken Hayden Photography

How to Ensure your Condo Hotel is a Successful Buy?

Once you’ve decided that a condo hotel is the right choice for you, then do look into the following checklist to ensure that it turns out to be a smart buy as well:

  • Good location. Make sure your condo-hotel sits in or near a popular vacation destination or at least in a neighborhood frequented by tourists.
  • Strong brand. Brand value is one of the most basic things that will help ensure better marketing, higher occupancy rates and earnings per night.
  • Attractive amenities. What’s a hotel without its amenities, right? Make sure that the amenities are at par with what you spend. After all, spending more than a million-dollars should fetch ultra-luxury amenities in a 5-star establishment.
  • Solid management. Even the most enticing amenities can turn lackluster without the proper care and maintenance. A solid management should make sure that your suite and the hotel is always in tip-top condition.
  • Survey around. Make sure you check out neighboring properties, condo hotels in different parts of the city, the unit itself (if it’s ready), prices of similar condo hotels, etc. before taking a final call.
  • Read the fine print. Make sure you know about your association’s fees and rules, any restrictions, details on the rental program, it’s blackout dates and revenue splits. An informed decision is the best decision.
  • Ask a lot of questions, especially if it’s your first. This is the only time you have to ask as many questions as you want and clear every doubt you may have. Once you sign the dotted line, there’s little that can be done after.

Key Questions to Ask Before Buying A Condo Hotel

  • How does the hotel’s rental program work?
  • Is it mandatory for you to participate in the hotel’s rental program?
  • How are rental revenues split? What percentage do you get?
  • How long before you come to stay will you have to notify management?
  • Are there any blackout dates? (Blackout dates are generally peak vacation times or holidays when your suite is compulsorily blocked for renting out.)
  • Is there any restriction on the number of days you can stay/rent out your suite?
  • Will you have to stick to the check-in/check-out timing too?
  • Is your unit furnished? Is the current furniture in the unit acceptable if you want to place it in the hotel program?
  • Who will manage the property? (The hotel team and management team can be two separate entities.)
  • When are proceeds distributed?
  • How much access will you have to the hotel’s amenities?
  • What are your voting rights and how much access will you have to property books and records?
  • What if a guest damages the furniture in your suite?
  • Can you use the hotel facilities even when not occupying your suite?
  • Who is responsible for paying the property tax on your suite?
  • Can the condo hotel be financed?

Staying in the Hotel’s Rental Program Vs. Managing Without One

Joining the hotel’s rental program

  • You have an experienced sales team, an expert in the field of hospitality, marketing your suite all year long.
  • The hotel’s worldwide, multi-million-dollar reservation system is used to market, manage and track rentals. The outreach of such programs is usually immense.
  • Besides the hotel’s brand image and marketing techniques, your suite will be listed on the website and sophisticated apps posted by the hotel, making your room more visible and accessible.
  • You will have to split a fixed percentage of the revenue with the hotel, which may or may not match your investment goals.
  • Blackout dates can be a concern, especially when you wish to spend major holidays or peak vacation weeks in your vacation suite.

Going solo (i.e. Airbnb)

  • You can either dedicate your extra time or hire a third party to manage your rentals. We’ll be happy to advise you about some of the best property management companies in Miami to make your search easier.
  • You get to keep a lot more of your revenues. If you are not in the hotel rental program, you are typically not required to share your revenues with the hotel.
  • You or the company you hire need to be dedicated towards the proper marketing and management of your rentals to generate a steady flow of income.
  • You have full control over when you do and do not want to rent out your unit.

Ritz Carlton Bal Harbour
Ritz Carlton Bal Harbour

Typical Expenses for a Condo-Hotel Owner

Just like a regular condo, your condotel suite entails a monthly association fee that generally covers utilities such as gas, water, electricity, internet, cable TV; common area maintenance; reserves for furniture repair; accrual of future expenses such as room remodeling; management costs; building insurance; and other expenses generally covered by traditional condo fees.

Additionally, you will be responsible for paying insurance (there will be details in the official documents on specifics), real estate taxes and any other unique expenses detailed in the agreement with the hotel operator.

The hotel will be responsible for paying for its costs of operation such as salaries, marketing, reservation systems and other direct hotel expenses.

Can a Condo Hotel be Financed?

Yes, plenty of lenders are willing to finance condo hotel units nowadays. However, what’s worth noting is that since banks perceive these units as an investment property rather than a residential property, loan rates and down payment requirements are generally higher. Another reason for higher rates is that lenders assume a greater risk of financing an investment property versus a primary residence, as in, they believe an individual is more likely to default on a payment for an investment residence as opposed to a permanent residence.

Alternatives to Condo-Hotels for Short Term Rentals

Some looking for condo-hotels ultimately simply want to have a vacation condo they can rent out whenever they are not using it. Many condos in Miami and Miami Beach allow for either daily, monthly or seasonal rentals, which can offer a practical alternative to condo-hotels.

To make it easier for you, we put together a list of condos in the Miami and Miami Beach area that allow short term rentals for you.

Conclusion

All in all, condo hotels are a great way to enjoy a fabulous property, located in some of the top tourist destinations of the world, powered by a world-renowned hospitality brand. It also works out to be a great investment opportunity, where the rental income mostly ends up covering regular expenses and still leaves room for profits.

Miami has a huge variety of condo hotels and we’ll be more than happy to pair you with the best fit. Feel free to give us a call at 786-930-4220 or email us at contact@condoblackbook.com to help you with your search for the best condo hotel, or browse through below to get started.

W South Beach
W South Beach

A List of Condo Hotels in Miami

Condo NameAddressNeighborhoodCityZip CodeProperty TypeRental PolicyYear builtPrice RangesArea (sq ft)
1 Hotel & Homes102 24th StSouth BeachMiami Beach33139Condo-HotelDaily, only hotel program2014$1,170,000 - $5,950,000866-2,200
1010 Brickell1010 Brickell AveBrickellMiami33131Condo3 months, 2 times a year2017360,000-1,578,000442-2,650
1060 Brickell1050 Brickell Ave & 1060 Brickell AveBrickellMiami33131Condo30 days, 3 times a year2013235,000-​1,250,000551-2,238
1818 Meridian House1818 Meridian AveSouth BeachMiami Beach33139Condo-Hotel1956$199,000-​$370,000357-816
400 Sunny Isles400 Sunny Isles BlvdSunny Isles BeachSunny Isles Beach33160Condo90 days min, twice a year2016645,000-3,500,0001,090-3,140
5600 Collins5600 Collins AveMid BeachMiami Beach33140Condo30 day minimum1969269,000-​799,900930-1,750
8000 Condo8000 Harding AveNorth BeachMiami Beach33141Condo30 dayscontact us
ABAE (1215 on West)1215 West AveSouth BeachMiami Beach33139Condo-HotelDaily, only hotel program2016299,000-425,000442-504
Acqualina Ocean Residences17875 Collins Ave and 17885 Collins AveSunny Isles BeachSunny Isles Beach33160Condo90 days minimum2008$1,999,000 - $6,990,0002,031-5,775
Akoya6365 Collins AveNorth BeachMiami Beach33141Condo30 day minimum, weekly apparently allowed2005225,900-​2,100,000260-1,761
Alden Hotel Condo2925 Indian Creek DrMid-BeachMiami Beach33140Condo-Hotel2004189,900-​189,900288
Artecity Governor432 21st StSouth BeachMiami Beach33139Condo30 days, 12 times a year2012259,000-​2,975,000579-3,382
Aventura Beach Club / Marco Polo Residences19201 Collins AveSunny Isles BeachSunny Isles Beach33160CondoDaily1966$84,000 - $265,000360-680
Barbizon Beach Club530 Ocean DrSouth BeachMiami Beach33139CondoDailycontact us
Bayshore Yacht & Tennis Club7904 West DrNorth Bay VillageNorth Bay Village33141CondoDaily1963119,900-175,000386-647
Bel-Air on the Ocean6515 Collins AveNorth BeachMiami Beach33141Condo30 days, 12 times a year2005425,000-850,000667-1,128
Bentley Beach Hilton101 Ocean DrSouth BeachMiami Beach33139Condo-HotelDaily2004$665,000 - $1,090,000515-640
Biscayne Beach2900 NE 7th veEdgewaterMiami33137CondoNo minimum, but can't rent more than twice a year2016440,000-​9,900,000790-8,434
Boulan220 21st StSouth BeachMiami Beach33139Condo-Hotel2010$769,000-​$769,0001025
Brickell Flatiron1001 S Miami AveBrickellMiami33130Condo30 days minimum2019430,000-​2,050,000737-2,592
Brickell Heights East45 SW 9th StBrickellMiami33130Condo30 days, 3 times a year2017320,000-​1,900,000620-2,543
Brickell Heights West55 SW 9th StBrickellMiami33130Condo30 days, 12 times a year2017329,900-1,999,000592-2,366
Brickell Ten1010 SW 2nd AveBrickellMiami33130Condo90 day minimum2016297,000-​1,020,000722-1,735
BrickellHouse1300 Brickell Bay DrBrickellMiami33131Condo30 day minimum, 12x2015239,000-​6,500,000362-7,585
Bristol Condo1350 Pennsylvania AveSouth BeachMiami Beach33139Condo30 day minimum, 12 times a yearcontact us
Canvas1600 NE 1st AveArts & Entertainment DistrictMiami33132Condo30 days2019295,000-640,000620-1,110
Carillon Resort and Condo (Center Tower)6801 Collins AveNorth BeachMiami Beach33141Condo-HotelDaily ok2010$425,000 - $1,950,000662-1,285
Carlyle Deco Hotel1250 Ocean DrSouth BeachMiami Beach33139Condo-HotelDaily ok1941$749,999-$​772,5001,046-1,387
Carriage Club North5005 Collins AveMid-BeachMiami Beach33140Condo30 days, 12 times a year1964309,900-​739,000938-1,433
Casa Grande834 Ocean DrSouth BeachMiami Beach33139Condo-Hotel1923contact us
Casablanca6345 Collins AveNorth BeachMiami Beach33141Condo-HotelDaily ok1948$190,500 - $239,000320-350
Castle Beach Club5445 Collins AveMid-BeachMiami Beach33140CondoNo restrictions1966179,900-​1,490,000330-2,070
Centro151 SE 1st StDowntown MiamiMiami33131Condo30 day minimum2016199,000-​600,000430-1,173
Cite on the Bay2000 N Bayshore Dr/2001 BiscayneEdgewaterMiami33137Condo30 day minimum2007247,000-​575,000713-1,476
Congress Hotel - Strand Condo1024-1060 Ocean DrSouth BeachMiami Beach33139Condo-HotelNo restrictions2005$379,000 - $720,000451-729
Conrad Mayfield1395 Brickell AveBrickellMiami33131Condo-Hotel2008$280,000 - $1,549,000729-2,082
David William700 Biltmore WayCoral GablesCoral Gables33134Condo-Hotel1963$149,000 - $432,600420-1,086
Decoplage100 Lincoln RdSouth BeachMiami Beach33139Condo30 day minimum1965260,000-​2,100,000515-1,490
Edge on Brickell55 SW Miami Ave RdBrickellMiami33130Condo2022contact us
Eloquence on the Bay7928 East DrNorth Bay VillageNorth Bay Village33141Condo30 days, 12 times a year2009315,000-1,600,000828-3,292
Emilia Edgewater481 NE 29th StEdgewaterMiami33137CondoDaily, no restrictions2016249,000-​469,000641-853
Empire Condo750 Collins AveSouth BeachMiami Beach33139Condo-HotelDailycontact us
Epic200 Biscayne Blvd.Downtown MiamiMiami33131Condo30 x 12 for furnished / 180 x 2 for unfurnished2012$380,000 - $3,000,000799-3,362
Estates at Acqualina17901 Collins AveSunny Isles BeachSunny Isles Beach33160Condo90 days minimum, 4 times a year2019$4,100,000-36,000,0002,908-5,148
Faena Hotel Residences3201 Collins AveMid-BeachMiami Beach33140Condo-HotelDaily okcontact us
Fairview House17500-17600 Collins AveSunny Isles BeachSunny Isles Beach33160Condo30 or 901980299,000-475,000800-1,320
Flamingo1500 Bay RdSouth BeachMiami Beach33139Condo30 day minimum2010199,000-​1,250,000454-2,029
Fontainebleau II Tresor4441 Collins AveMid-BeachMiami Beach33140Condo-Hotel2008$669,000 - $3,200,000491-1,557
Fontainebleau III Sorrento4391 Collins AveMid-BeachMiami Beach33140Condo-Hotel2008$632,000 - $7,900,000521-3,300
Fortune House 185 Southeast 14th TerraceBrickellMiami33131Condo-HotelDaily ok1998$239,000 - $410,000640-950
Fountainebleau 4441 Collins AveMid BeachMiami Beach33140Condo-HotelDaily?2008669,000-​3,200,000491-1,557
Four Seasons Residences Brickell1435 Brickell AveBrickellMiami33131Condo-HotelDaily ok2013329,000-​25,000,000611-8,803
Golden Bay Club17050 N Bay RdSunny Isles BeachSunny Isles Beach33160Condo90 days minimum, 4 times a yearcontact us
Gran Paraiso480 Ne 31 StEdgewaterMiami33137Condo30 days min, 3 times a year2018770,000-​2,000,0001,062-2,246
Grand1717 N Bayshore DrEdgewaterMiami33132CondoDaily ok19861,800-​2,500,000985-4,014
Hampton on Washington Ave710 Washington AveSouth BeachMiami Beach33139Condo30 dayscontact us
Hyde3401 NE 1st AveMidtownMiami33137Condo30 day minimum2017364,900-​1,600,000700-1,353
Icon Brickell III (W Miami)485 Brickell AveBrickellMiami33131Condo-HotelNo restrictions2011$345,000 - $780,000495-1,459
Jade Brickell1331 Brickell Bay DrBrickellMiami33131Condo3 months, 4 times a year2006380,000-​6,000,000895-4,015
King David17555 Atlantic BlvdSunny Isles BeachSunny Isles Beach33160Condo90 day minimum2005$379,000-700,0001,200-1,449
La Perla16699 Collins AveSunny Isles BeachSunny Isles Beach33160Condo12 times a year, not sure if 30 day min or less2005260,000-1,250,000352-1,1715
Latitude on the River185 SW 7th StBrickellMiami33130Condo90 days, 4 times a year2008219,500-​540,000580-1,486
Le Cartier201 178th DrSunny Isles BeachSunny Isles Beach33160Condo1 day or 7 days, not sure1972215,000-315,000757-907
Le Laurier17800 N Bay RdSunny Isles BeachSunny Isles Beach33160Condo30 day minimum, 12 times a year1992
Loft Downtown I234 NE 3rd StreetDowntown MiamiMiami33132Condo30 days, 12 times a year2006187,000-350,000625-1,185
Loft Downtown II133 NE 2nd AveDowntown MiamiMiami33132Condo30 days, 12 times a year2008189,000-​420,000637-1,153
M Resort Residences18683 Collins AveSunny Isles BeachSunny Isles Beach33160Condo-HotelDaily2005$384,900 - $1,050,000688-1,497
Marbella Tower200 178th StSunny Isles BeachSunny Isles Beach33160Condo7 or 30 days, not sure1976$229,000-395,0001,000-1,310
Marenas Beach Resort18683 Collins AveSunny Isles BeachSunny Isles Beach33160Condo-HotelDaily2005$380,000-​$1,050,000688-1,497
Marina Bay Club18100 N Bay RdSunny Isles BeachSunny Isles Beach33160Condo2002$470,000 - $650,0001,150-1,414
Midblock3250 NE 1st AveMidtownMiami33137CondoDaily ok2014265,000-​494,900726-1,269
Mondrian1100 West AveSouth BeachMiami Beach33139Condo-HotelDaily ok2008$3,000 - $870,000477-1,190
Monterrey1611 Meridian AveSouth BeachMiami Beach33139Condo30 dayscontact us
Mosaic3801 Collins AveMid BeachMiami Beach33140Condo90 day minimum20091,150,000-​4,150,0001,212-3,331
Mutiny Park2889 McFarlane RdCoconut GroveCoconut Grove33133Condo-HotelDaily ok2001$440,000 - $799,000686-1,183
MyBrickell31 SE 6th StBrickellMiami33131Condo30 days, 12 times a year2014205,000-​520,000545-1,195
Nautica5870 Indian Creek DrMid-BeachMiami Beach33140Condo30 days, 12 times a year2004499,000-588,0001,386-1,522
Newport Beachside16701 Collins AveSunny Isles BeachSunny Isles Beach33160Condo-Hotel1966$22,500-​$22,500360
Nine at Mary Brickell999 SW 1st AveBrickellMiami33130Condo30 day minimum, 12 times a year2015330,000-​1,200,000694-1,903
Ocean Manor4040 Galt Ocean DrFort LauderdaleFort LauderdaleCondo-HotelDaily ok (condo-hotel)contact us
Ocean Place225 Collins AveSouth BeachMiami Beach33139CondoWeekly?2004$449,000-1,400,000723-1,362
Ocean Point Beach Club17375 Collins AveSunny Isles BeachSunny Isles Beach33160Condo-HotelDaily if in hotel program, or if not in hotel program, then 3 months (6 months max), 3 times a year2001$344,900 - $1,250,000930-1,900
Ocean Reserve19370 Collins AveSunny Isles BeachSunny Isles Beach33160CondoDaily if unit registered for short term rentals1972$259,000-500,0001,005-1,665
Ocean Spray4130 Collins AveMid-BeachMiami Beach33140Condo-Hotel1936$167,000-​$249,000214-269
Ocean Villas3710 Collins AveMid-BeachMiami Beach33140CondoDailycontact us
Ocean Walk on South Beach335 Ocean DrSouth BeachMiami Beach33139Condo1939$219,000 - $545,000200-450
Oceanfront Plaza2625 Collins AveSouth BeachMiami Beach33140Condo90 day minimum1980$417,000-625,0001075-1093
Okan Tower555 N. Miami AveDowntownMiami33136Condo-HotelDaily2021contact us
Olsen Hotel Condo7300 Ocean TerraceNorth BeachMiami Beach33141Condo-Hotel1940contact us
One Hotel & Homes102 24th StSouth BeachMiami Beach33140Condo-HotelDaily20141,170,000-​8,900,000866-3,278
One Miami335 and 325 S Biscayne BlvdDowntown MiamiMiami33131Condo30 days2006225,000-​999,000507-1,792
One Paraiso3131 Ne 7th AveEdgewaterMiami33137Condo30 days min, 3 times a year2017749,900-​5,450,0001,124-3,619
Opera Tower1750 N Bayshore DrEdgewaterMiami33132CondoDaily ok 305-503-05102011199,000-​1,199,000401-2,096
Paraiso Bay650 Ne 32nd StEdgewaterMiami33137Condo30 days min, 3 times a year2018498,000-​3,500,000915-4,210
Paraiso Bayviews501 NE 31 StEdgewaterMiami33137Condo30 days min, 12 times a year2017349,999-​1,615,900247-2,551
Paramount Bay2020 N Bayshore DrEdgewaterMiami33137Condo90 day minimum2012549,000-​1,890,0001,128-1,708
Peloro6620 Indian Creek DrNorth BeachMiami Beach33141Condo30 days, 12 times a year2016360,000-​990,000652-1,260
Pinnacle17555 Collins AveSunny Isles BeachSunny Isles Beach33160Condo90 days, 4 times a year1998$279,000-4,499,0001,590-4,500
Plaza Brickell950 Brickell Bay DrBrickellMiami33131Condo30 day minimum, 12x2008259,000-​800,000628-1,398
Porto Bellagio17100-17150 N Bay RdSunny Isles BeachSunny Isles Beach33160Condo120 days, 3 times a year2003$259,000-575,000645-1,353
Q Club (Hilton)505 N Fort Lauderdale Beach BlvdFort LauderdaleFort LauderdaleCondo-HotelDaily ok (condo-hotel)contact us
Residences at the Miami Beach Edition2901 Collins AveMid-BeachMiami Beach33139Condo2014$3,300,000+
Ritz Carlton Bal Harbour10295 Collins AveBal HarbourBal Harbour33154Condo-Hotel2008$495,000 - $5,900,000510-3,317
Ritz Carlton Coconut Grove3300, 3340, 3350 and 3400 SW 27 AveCoconut GroveCoconut Grove33133Condo-Hotel2001$465,000 - $1,850,000936-4,000
Roney Palace2301 Collins AveSouth BeachMiami Beach33139Condo30 day minimum2015354,900-​2,275,000600-1,640
Royal South Beach763 Pennsylvania AveSouth BeachMiami Beach33139CondoDailycontact us
Sands Pointe16711 Collins AveSunny Isles BeachSunny Isles Beach33160Condo30 or 60 or 90, not sure1998$684,000-1,980,0001,730-2,120
Seacoast 51515151/5161 Collins AveMid BeachMiami Beach33140Condo30 day minimum, 12x (but owners have been renting weekly/possibly daily)1967349,900-​1,500,000910-3,127
Setai2001 Collins AveSouth BeachMiami Beach33139Condo-HotelDaily2005$1,499,000 - $8,300,000767-2,558
Shelbourne1801 Collins AveSouth BeachMiami Beach33139Condo-HotelDaily?1940$375,000 - $1,200,000220-940
SLS Brickell1300 S Miami AveBrickellMiami33130CondoDaily ok for the condo-hotel units2017375,000-​1,890,000570-2,084
SLS Lux801 S Miami AveBrickellMiami33131Condo3 months, 3 times a year2018427,900-​6,200,000485-3,173
Smart Brickell (pre-construction)243-245 SW 9th StBrickellMiami33130CondoDaily, but only 24 times a year2020contact us
Sole17315 ColinsSunny Isles BeachSunny Isles Beach33160Condo-HotelDaily ok (condo-hotel)2007279,000-​1,100,000644-1,201
St Regis Center Tower9703 Collins AveBal HarbourBal Harbour33154Condo-Hotel30 day minimum (the north and south towers are 6 months, just FYI)20122,175,000-​10,950,0001,261-3,912
St Tropez150-250 Sunny Isles BlvdSunny Isles BeachSunny Isles Beach33160Condo30 or 90, not sure, I believe it's 902009580,000-1,990,0001,447-3,275
Sunshine Bay1441 Lincoln RdSouth BeachMiami Beach33139Condo30 dayscontact us
Terra Beachside6000 Collins AveMid BeachMiami Beach33140CondoFlexible, short term ok2010$365,000-935,5001,011-2,049
The Alexander5225 Collins AveMid BeachMiami Beach33140Condo-Hotel30 day minimum, 12x1962$439,000 - $950,000960-1,490
The Bogart700 16th StSouth BeachMiami Beach33139CondoDaily ok apparentlycontact us
The Bond on Brickell1080 Brickell AveBrickellMiami33131Condo30 day minimum, 12 times a year2016314,000-​1,599,000506-2,236
The Club at Brickell1200 Brickell Bay DrBrickellMiami33131CondoDaily ok2014198,500-​455,000425-1,245
The Collins6917 Collins AveNorth BeachMiami Beach33141Condo30 day minimum1969313,000-​1,060,000806-1,238
The Crimson601 NE 27th StEdgewaterMiami33137Condo90 day minimum2016$349,000-1,375,000764-2,100
The Mark1155 Brickell Bay DrBrickellMiami33131Condo30 day minimum, 12x2001299,000-​1,799,000750-1,940
The Mercury100 Collins AveSouth BeachMiami Beach33139CondoDaily ok1921$274,000-​$825,000430-766
The Mutiny2951 S. Bayshore DrCoconut GroveCoconut Grove33133Condo-hotelDaily ok1998$299,000-595,000620-960
The Pavilion5601 Collins AveMid BeachMiami Beach33140Condo30 day minimum, 12x (but owners have been renting weekly/possibly daily)1968295,000-​630,000910-1,460
The Sails Condo1401 Bay DrSouth BeachMiami Beach33139Condo30 days, 12 times a yearcontact us
The Surf Club Four Seasons9011-9111 Collins AveSurfsideSurfside331542016$3,725,000 - $15,995,0002,024-5,822
Tower 414101 Pine Tree DrMid BeachMiami Beach33140CondoDaily1974contact us
Triton Tower2899 Collins AveSouth BeachMiami Beach33139Condo90 dayscontact us
Trump International18001 Collins AveSunny Isles BeachSunny Isles Beach33160Condo-Hoteldaily ok2013$260,900 - $1,595,000457-1,478
Trump Tower I16001 Collins AveSunny Isles BeachSunny Isles Beach33160Condo30 or 90, not sure2008$500,000-3,700,0001,435-2,955
Trump Tower II15901 Collins AveSunny Isles BeachSunny Isles Beach33160Condo30 or 90, not sure2009$195,000-$2,599,000300-2,928
Trump Tower III15811 Collins AveSunny Isles BeachSunny Isles Beach33160Condo30 or 90, not sure2010$500,000-2,625,0001,463-2,928
Trump Towers16001 CollinsSunny Isles BeachSunny Isles Beach33160Condo90 day minimum2008500,000-​3,700,0001,435-2,955
Vizcayne244 Biscayne Blvd & 253 NE 3rd StDowntown MiamiMiami33132Condo3 month minimum2011208,990-​2,350,000506-3,281
W Hotel South Beach2201 Collins AveSouth BeachMiami Beach33139Condo-HotelDaily ok2009$915,000-​12,500,000490-2,960
Waldorf Astoria300 Biscayne BlvdDowntownMiami33132Condo-hotelDaily ok2020contact us
Waverly at Surfside Beach9201 Collins AveSurfsideSurfside33154Condo90 days2003$535,000-925,000930-1,323
YotelPad227 NE 2nd StDowntownMiami33132Condo-HotelDaily ok2020contact us
Z Ocean Hotel 1437 CollinsSouth BeachMiami Beach33139Condo-HotelNo restrictions2007$309,000-445,000500

Recent Posts

Urban Food Halls a Big Craze in Miami, and We Bet You Haven't Been to All of Them
Lifestyle Urban Food Halls a Big Craze in Miami, and We Bet You Haven't Been to All of Them
Miami is officially on board the latest urban food hall train, with new urban food halls sprouting up everywhere. These sites are inspired in European marketplaces and are known for hosting a wide variety of food vendors, restaurant kiosks, and marketplaces in a single location, often spanning thousands of square feet. Several new urban food halls have cropped up across Miami in the last couple of years, providing accessible and varied eateries ranging from top-tier restaurants to casual street food. Several areas are now blessed with urban food halls, including the novel Brickell City Center, the luxe Design District, and the trendy art-lined streets of Wynwood. Miami Beach will also see the opening of one or more food halls in the coming months. Below we’ve assembled a list of Miami’s most popular urban food halls, but bear in mind that there will soon be a lot more! La Centrale in Brickell City Centre - Brickell City Centre 601 S Miami Ave, Miami, FL 33131 Photo credit: La...
Miami Real Estate Market Forecast 2020 & State of the Market in 2019
Real Estate News Miami Real Estate Market Forecast 2020 & State of the Market in 2019
The Miami real estate market has been moving in interesting ways over the past few years. Some believe the market is bottoming out after a few years of softness, others think that we are set for another condo bust. Let’s take a look at the Miami market landscape and see where things may go from here. Let’s start with a brief history... The market crashed in 2008 along with the rest of the nation, and then from 2010-2015 the Miami market had a huge run-up in prices to the point that pretty much everyone who invested around 2010 made very significant profits. After the dollar strengthened in 2014, the very hot real estate market here in Miami started softening, as the Europeans and Latin American countries lost much of their purchasing power in the exchange rates (on the other hand, those who already had their money here made a killing). Since 2015-2016, the condo prices have gone sideways and down as inventory has increased, creating some pain for sellers and a great opportunity...
Top Miami Beach Neighborhoods Ranked for Public Transportation
Lifestyle Top Miami Beach Neighborhoods Ranked for Public Transportation
The reality is that for the typical visitor or resident of Miami Beach, they come to walk, bike, skateboard, and scooter around town, but it’s still important to know you public transit options. Getting around any city becomes that much easier when you have multiple public transportation options at your disposal. Miami, for one, has an intricate public transportation system that includes options like the Metrobus, Metrorail, Metromover, Tri-rail and the Trolley. In this blog, we’ve ranked the top Miami Beach neighborhoods on the basis of their ease of access to public transit systems, making it easier for tourists and locals to know how to cruise this coastal city. The reason you won’t see a super high score for any of these neighborhoods is because the only public transportation options are street-based (trolley and bus) without dedicated or preferred lanes as opposed to any public-transit-only lanes or dedicated systems like rail. Plus, the only public transit in and out of the...
May’s Musical Explosion, Motherly Appreciation and Memorial Day Events
Lifestyle May’s Musical Explosion, Motherly Appreciation and Memorial Day Events
Gear up to kick-start summer on an eventful note. May brings with it plenty of music festivals, Mother’s Day specials and Memorial Day events that will keep your calendar merrily full. Read on for details:   Miami Attractions Month: May 1-30 Various venues across Miami Attractions month continues into May, so you can take advantage of ongoing discounts and plan a visit around the city’s many museums and landmarks. There’s historical attractions on the list like the Art Deco District and Holocaust Memorial. Explore top museums for less like the Pérez Art Museum, Frost Science or Wings Over Miami Air Museum. The Everglades National Park and Fairchild Botanical Gardens have great offers too. Click here for a complete list of attractions. Cinco De Mayo Fiesta: May 5 609 Brickell Avenue, Brickell It’s the two-day block party celebrating Mexico’s independence, and everyone’s invited. With tickets starting at $15, you get access to live beats spun by DJ Laz, several mariachi...
10 Reasons to Love the Lifestyle at Miami’s Paramount Bay
Real Estate News 10 Reasons to Love the Lifestyle at Miami’s Paramount Bay
Paramount Bay is not only a luxurious 47-story condo tower with breathtaking views of Biscayne Bay in each unit, it is also the foundation for a fresh, contemporary lifestyle for Miami urbanites that want to enjoy healthy living within a close-knit community, where it’s easy to make friends with quality neighbors. For me, the most exciting thing about living at Paramount Bay is the relaxed and high-quality lifestyle that this condo complex affords its owners and residents. And by “high-quality” I’m not only talking about the gorgeous water views, exquisite common areas, and top-tier resort amenities; I’m referring to the quality of life that you enjoy when you are surrounded by great neighbors and have lots of opportunities to enjoy mingling with a wonderful community. Here I’ve listed 10 of my favorite things about living at Paramount Bay: Resort-level pools and pool service. Paramount Bay has two gorgeous pools with waterfront decks: one facing east and one facing west. This...
Luxury Miami Condo Market Trends: Q1 2019 Report
Real Estate News Luxury Miami Condo Market Trends: Q1 2019 Report
Miami Luxury Condo Market Report: Summary City and Neighborhood Luxury Condo Reports Miami Beach Luxury Condo Report South Beach Luxury Condo Report Mid-Beach Luxury Condo Report Surfside/Bal Harbour Luxury Condo Report Sunny Isles Beach Luxury Condo Report Greater Downtown Miami Luxury Condo Report Edgewater / Midtown / A&E District Luxury Condo Report Brickell Luxury Condo Report Coconut Grove Luxury Condo Report Coral Gables Luxury Condo Report Miami Luxury Condo Market Report: Summary It’s the first quarter of the year, and the numbers are in. Read on to find out what kind of a tone has the luxury condo market set for the rest of the year and what kind of discounts on prices are luring buyers from all corners. For the purpose of this luxury condo report, we have only considered properties priced $1 million and above (last year we considered $600K and above but adjusted due to feedback). Also, properties priced $5 million and higher have been...