South Florida is in the midst of another building boom.
Closer to home, there is a crazy amount of new construction occurring in nearby Doral. We`re talking about 3 bedroom, 2 bath luxury townhomes listed for more than $600,000. Clearly, Doral has the marketing dollars to promote their city. The City of Doral spent $2.5 million to promote the city during the Miss Universe pageant.
But here`s the little secret some of the buyers in Doral don`t know. You get a lot more property for your money in a much quieter neighborhood if you invest in Miami Springs.
I know some of you might be in shock to see the following listing at 600 La Villa Drive for $775,000. But take a moment to consider the market conditions. Interest rates are low. Foreign investors are pouring money back into Miami, especially nearby Doral. Unlike Doral, this listing includes a sizable amount of land. And, of course, it`s new construction.
Here are the details as listed on Realtor.com:
“BRAND NEW 3/2.5 TWO STORY HOME. LOCATED IN THE HEART OF MIAMI SPRINGS, THIS NEWLY CONSTRUCTED HOME FEATURES: ITALIAN WOOD GRAIN PORCELAIN TILE THROUGHOUT, HURRICANE PROOF ROOF, HIGH IMPACT WINDOWS, BEAUTIFUL KITCHEN WITH STAINLESS STEEL APPLIANCES, DOUBLE OVEN AND COOK TOP ISLAND WITH INDEPENDENT HOOD. EXTERIOR HOME PROVIDES THE PRIVACY AND TRANQUILITY OF A LARGE BALCONY, PERFECT FOR SUNBATHING. COVERED TERRACE, NICE POOL WITH WATERFALL AND EXTERIOR ACCENT LIGHTING, ILLUMINATING HOME AND LANDSCAPE”
– 3 Bedrooms
– 2.5 Bathrooms
– 2 Stories
– 1 Car Garage
– 7,100 sq ft lot
– 2,846 sq ft
ASKING PRICE: $775,000
What do you think? Is this home worth 3 quarters of a million dollars?