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Miami Real Estate Boom Continues Despite Climate Change

by | Apr 7, 2022

Miami, Florida, is best known for its beaches, nightlife, and hot weather. But the city is also experiencing an unprecedented real estate boom, with prices rising faster than almost any other major city in the United States. However, some experts say that climate change may soon put the brakes on Miami’s growth. A recent study found that rising sea levels in Miami could make parts of the city uninhabitable by the end of the century, in part to increased flooding and rising sea levels. In the next 30 years, the sea levels could go up by 15%, making it more difficult for people to live in the coastal areas. Despite this, real estate developers continue to build new Miami luxury condos and pre-construction projects throughout Miami. Most buyers are not going to hold onto thier property for 50 years and are confident that they will be able to sell their properties before the effects of climate change take hold. And as long as prices continue to rise, there is no reason for them to stop buying. Josh Stein of the Miami-based luxury real estate company, Josh Stein Realtor, was recently interviewed by BBC World News to discuss how real estate is still booming despite the effects of climate change in Florida and other coastal areas around the world. “The real estate market right now is absolutely booming. It’s probably the craziest real estate market we’ve ever had in the history of Miami,” said Mr. Stein. He also noted how Miami offers features and amenities that cannot be found in other major cities. While climate change may make parts of the city uninhabitable in years to come, people are still drawn to its beaches, culture, and nightlife. According to Mr. Stein, some homeowners do ask about the impact of climate change on their particular property before they buy it. Still, it has yet to have a significant effect on the market. “People do talk about it. It comes up in conversations, especially for Miami waterfront homes and Miami Beach condos. Still, we’re talking long-term stuff down the road, and it’s not impacting people’s decisions to buy now.” The real estate boom in Miami is not expected to end anytime soon. Despite the talks of climate change, prices of Miami real estate continue to rise. Real estate properties have also adapted to the market climate. The rise in sea levels has created a new market for properties that are elevated and have features to combat flooding. Mangroves, which are act as a natural buffer against storms and floods, are being replanted to protect new developments, especially near water. Miami is also taking the necessary precautions to combat the effects of climate change, but it has yet to stop the real estate boom. As long as developers continue to build and prices rise, Miami’s growth is expected to continue.
South Flagler House West Palm Beach

South Flagler House

2301 SE 17th Street
Fort Lauderdale
Starting at $3.5 Million

Tags

Pre-Construction Condo Projects in South Florida

42 PINE

340 West 42nd Street
Miami Beach
Starting in the $700's

501 First Residences Airbnb Condos

501 FIRST RESIDENCES

501 NE 1st Avenue
Downtown Miami
Sold Out!

600 Miami Worldcenter Condos

600 MIAMI WORLDCENTER

600 NE 1st Avenue
Downtown Miami
Starting in the $400's

729 EDGE

710 NE 29th Street
Edgewater
Prices not available yet

888 BRICKELL

888 Brickell Avenue
Brickell
Starting at $1.6 Million

2200 Brickell Avenue Miami Florida

2200 BRICKELL

2200 Brickell Avenue
Brickell
Starting at $1 Million

3000 WATERSIDE

3000 E. Oakland Park
Fort Lauderdale
Starting at $1 Million

7918 NORTH BAY

7918 West Drive
North Bay Village
Prices not available yet

ALANA BAY HARBOR

9901 W Bay Harbor Dr.
Bay Harbor Islands
Starting at $ Million

AMAN RESIDENCES

3425 Collins Avenue
Miami Beach
Prices not available yet

ARIA RESERVE

711 Northeast 23rd Terrace
Edgewater
Starting at $1.3 Million

ASTON MARTIN RESIDENCES

300 Biscayne Blvd. Way
Downtown Miami
Starting in the $800's

Avenue Coral Gables Airbnb Condos

THE AVENUE CORAL GABLES

351 San Lorenzo Avenue
Coral Gables
Starting at $728,000

BACCARAT RESIDENCES MIAMI

444 Brickell Avenue
Brickell
Starting at $1.7 Million

BENTLEY RESIDENCES

18401 Collins Avenue
Sunny Isles Beach
Starting at $4.2 Million

CASA BELLA BY B&B ITALIA

1444 Biscayne Blvd.
Arts District
Starting in the $700's

CASAMAR POMPANO BEACH

900 N. Ocean Blvd.
Pompano Beach
Starting at $1.5 Million

CIPRIANI RESIDENCES MIAMI

1420 S. Miami Avenue
Brickell
Starting at $1.55 Million

The Crosby Miami Condos Worldcenter

THE CROSBY MIAMI WORLDCENTER

601 N. Miami Avenue
Downtown Miami
Sold Out!

DIESEL WYNWOOD

121 NW 28th Street
Wynwood
Starting in the $500's

District 225 Condos Miami

DISTRICT 225

233 N. Miami Avenue
Downtown Miami
Sold Out!

E11even Miami Condos Airbnb

E11EVEN HOTEL & RESIDENCES

20 NE 11th Street
Downtown Miami
Sold Out!

E11EVEN RESIDENCES MIAMI BEYOND

20 NE 11th Street
Downtown Miami
Starting in the $900's

The Edge Miami Condos

THE EDGE

490 NE 29th Street
Edgewater
Prices not avaialable yet

Edition Residences Miami Edgewater

EDITION RESIDENCES EDGEWATER

2121 N. Bayshore Drive
Edgewater
Starting at $1.7 Million

Edition Residences Fort Lauderdale

EDITION RESIDENCES FORT LAUDERDALE

2121 N. Bayshore Drive
Fort Lauderdale
Starting at $3 Million

FIVE PARK SOUTH BEACH

500 Alton Road
South Beach
Starting at $3 Million

LA BAIA BAY HARBOR

9201 E. Bay Harbor Dr.
Bay Harbor Islands
Starting at $1.3 Million

Legacy Residences Miami Condos

LEGACY RESIDENCES

942 NE 1st Avenue
Downtown Miami
Sold Out!

Lofty Brickell Miami Condos

LOFTY BRICKELL CONDOS

99 SW 7th Street
Brickell
Starting in the $800's

MISSONI BAIA

777 NE 26th Terrace
Edgewater
Starting at $995,000

MR. C RESIDENCES

2655 S Bayshore Drive
Coconut Grove
Starting in the $700's

MR. C TIGERTAIL

2678 S Bayshore Drive
Coconut Grove
Starting in the $800's

Natiivo Miami Airbnb Condos

NATIIVO MIAMI

159 NE 6th Street
Downtown Miami
Sold out!

Nexo Residences Miami

NEXO RESIDENCES

13899 Biscayne Blvd.
North Miami Beach
Starting in the $400's

NOMAD RESIDENCES WYNWOOD

2700 NW 2nd Avenue
Wynwood
Starting in the $600's

OASIS HALLANDALE

1110 E. Hallandale Beach
Hallandale Beach
Starting in the $700's

OCEAN PARK

304 Ocean Drive
South Beach
Sold out!

Okan Residences Miami Condos

OKAN TOWER

555 North Miami Avenue
Downtown Miami
Starting at $670,000

ONDA RESIDENCES

1135 103rd Street
Bay Harbor Islands
Starting at $2.4 Million

ONE PARK TOWER BY TURNBERRY

2411 Laguna Circle
North Miami
Starting in the $700's

ONE RIVER POINT

24 SW 4th Street
Miami River
Starting in the $800's

Origin Residences Bay Harbor Islands

ORIGIN RESIDENCES

9760 W. Bay Harbor Drive
Bay Harbor Islands
Starting at $1.2 Million

ORA by Casa Tua Miami Brickell Condos

ORA BY CASA TUA

1210 Brickell Avenue
Brickell
Starting at $800,000

THE PERIGON

5333 Collins Avenue
Miami Beach
Starting at $4 Million

PIER 66 RESIDENCES

2301 SE 17th Street
Fort Lauderdale
Starting at $3.6 Million

Residences at 1428 Brickell Miami

THE RESIDENCES AT 1428 BRICKELL

1428 Brickell Avenue
Brickell
Starting at $2 Million

RESIDENCES IN THE GROVE

2855 Tigertail Avenue
Coconut Grove
Prices not available yet

The Residences at Shell Bay Hallandale Beach

THE RESIDENCES AT SHELL BAY

Diplomat Parkway
Hallandale Beach
Starting at $2.5 Million

RITZ CARLTON RESIDENCES POMPANO BEACH

1380 S. Ocean Blvd.
Pompano Beach
Starting at $795k

Rivage Bal Habour Condos

RIVAGE BAL HARBOUR

10245 Collins Avenue
Bal Harbour
Starting at $7 Million

ROSEWOOD RESIDENCES MIAMI BEACH

1775 Collins Avenue
South Beach
Prices not available yet

SHOMA BAY

1850 79th Street
North Bay Village
Starting in the $400's

SHORE CLUB PRIVATE COLLECTION

1901 Collins Avenue
South Beach
Starting at $6 Million

SIX FISHER ISLAND

6 Fisher Island Drive
Fisher Island
Starting at $19 Million

Sixth and Rio Fort Lauderdale

SIXTH AND RIO

501 SE 6thAvenue
Fort Lauderdale
Starting in the $900's

Smart Brickell Airbnb Condos Miami

SMART BRICKELL

229 SW 9th Street
Brickell
Starting in the $400's

SOLEMAR POMPANO BEACH

1116 N. Ocean Blvd.
Pompano Beach
Starting at $1.3 Million

THE STANDARD RESIDENCES MIAMI

3100 NE 1st Avenue
Midtown Miami
Starting in the $400's

ST. REGIS RESIDENCES MIAMI

1809 Brickell Avenue
Brickell
Starting at $2.8 Million

ST. REGIS RESIDENCES SUNNY ISLES

18801 Collins Avenue
Sunny Isles Beach
Starting at $4.3 Million

Surfrow Residences Surfside Florida

SURF ROW RESIDENCES

8800 Collins Avenue
Surfside
Starting at $5.9 Million

Tal Aventura Florida Condos

TAL AVENTURA

2785 NE 183rd Street
Aventura
Starting at $1.425 Million

UNA RESIDENCES

175 SE 25th Road
Brickell
Starting at $2.7 Million

Urbin Coconut Grove Condos For Sale

URBIN COCONUT GROVE

3162 Commodore Plaza
Coconut Grove
Starting at $750,000

Urbin Miami Beach Condos

URBIN MIAMI BEACH

1260 Washington Avenue
South Beach
Sold Out!

Vida Residences Miami Condos

VIDA RESIDENCES EDGEWATER

410 NE 35th Terrace
Edgewater
Starting at $415,000

VITA AT GROVE ISLE

4 Grove Isle Drive
Coconut Grove
Starting at $4 Million

WALDORF ASTORIA RESIDENCES MIAMI

300 Biscayne Blvd.
Downtown Miami
Starting at $3 Million

The Well Bay Harbor Islands

THE WELL BAY HARBOR ISLANDS

1160 Kane Councourse
Bay Harbor Islands
Starting at $1 Million

Have questions? Need advice?

We're experts in the South Florida Luxury Real Estate market and are available to help you with anything you need. Whether you’re interested in buying, renting or selling a home or condo, we're available to you 24/7.
Give us a call +1 (305) 695-8257 or email hello@joshsteinrealtor.com

Josh Stein
Josh Stein

Global Luxury Realty

+1 (305) 695-8257

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