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Florida Healthy Living Magazine
UPDATE
April 22.2025
2 Minutes Read

Discover Short-Term Rental-Friendly Condos in Miami's Wynwood

Modern condo complex with artistic graffiti in Wynwood.

A New Chapter for Wynwood: Short-Term Rentals Grow

Miami’s Wynwood district is set to welcome 233 new units designed specifically for short-term rentals, thanks to the ambitious collaboration between PMG and Lndmrk Development. Dubbed the Twenty Sixth & 2nd Wynwood Residences, this eight-story condo project will feature fully furnished studio and one-bedroom units, making it an attractive option for both investors and visitors alike.

Pricing and Features: What to Expect

Starting prices for studio units begin at $500,000, with one-bedrooms priced at $700,000. A standout benefit of these residences is the inclusion of deeded office space, catering to modern remote-working trends. The units promise not just a place to live, but a functional environment to work from, an essential feature as remote work becomes the norm.

Community Impact: Striking a Balance

The addition of these short-term rental-friendly units offers a unique opportunity to enrich the Wynwood community. While attracting investors primarily from Central and South America, it also raises questions about how such developments can impact local housing markets and neighborhood dynamics. Local residents and stakeholders will need to navigate the tension between investment opportunities and community stability.

Future Developments: What’s Next?

Sales for the Twenty Sixth & 2nd Wynwood Residences are set to launch, with construction projected to start next year, aiming for completion in 2028. This timeline indicates a significant investment in the area’s future, as the project could help shape the landscape of short-term vacation rentals in Miami.

A Call for Community Engagement

As Wynwood evolves, it is crucial for current residents and potential buyers to engage in discussions about the benefits and challenges of short-term rentals. Keeping the lines of communication open can help ensure that Wynwood remains a vibrant and accessible neighborhood for all.

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07.29.2025

Unlocking Edgewater's Potential: Live Local Act Approval Sparks Development

Update Edgewater's Future: A New Chapter for Miami's Skyline The recent approval of the Live Local Act for an Edgewater site marks a significant turning point in Miami’s real estate development landscape. The partnership of Amit Kort and Ofir Gabriel, operating under the name Tulip Developments Group, is poised to transform a modest assemblage of 0.8 acres into a soaring 47-story residential tower. This project promises not just to add height to the skyline but also to cater to the community's pressing need for affordable housing. Understanding the Live Local Act Under Florida's Live Local Act, a crucial incentive for developers, projects can be constructed with higher density than what current zoning laws typically permit. By dedicating 40% of units for households earning up to 120% of the area median income (AMI), the act plays a pivotal role in addressing workforce housing shortages. With Miami-Dade County's AMI for a one-person household set at around $86,800, developers like Tulip ensure these vital housing options are within reach for more residents. Economic Benefits and Community Impact The approval of this project is not just about luxury high-rises; it's also about revitalizing areas that need it most. Located in an Opportunity Zone, this site allows investors to enjoy tax benefits while uplifting potentially underdeveloped neighborhoods. The Live Local Act approval, combined with transit zone bonuses, enhances the project's viability and its capacity to accommodate the diverse needs of the Miami population. A Vision Driven by Local Needs Designed by prominent Miami architect Kobi Karp, the development isn’t solely focused on market-rate units. With plans for 296 market-rate apartments, 203 workforce housing units, and retail opportunities on the ground floor, the project is set to foster a vibrant community-centric atmosphere. This mix of high-density living and local commerce aims to ensure that residents have access to essential services right by their homes. Conclusion: What's Next for Buyers? As Miami continues to evolve, the need for balanced and inclusive development becomes ever more urgent. This new project by Tulip is not only a response to that need but also a model for future undertakings in the city. Florida homeowners and potential buyers in the area should stay informed about these developments, as the changing landscape may open opportunities for more affordable housing options in the near future.

07.29.2025

Crow Holdings Acquires 376-Unit Apartment in Davie for $97.5 Million

Update Rising Interest in South Florida RentalsThe multifamily investment sector in South Florida is witnessing a resurgence, particularly highlighted by the recent acquisition of the 376-unit 33 West apartment complex in Davie. Purchased by Crow Holdings for $97.5 million, this deal, valued at approximately $259,000 per unit, indicates a renewed confidence in the region's rental markets after a downturn precipitated by rising interest rates.A Closer Look at 33 WestCompleted in 2013, the 33 West complex features a mix of one-bedroom to three-bedroom units, with rents ranging from $2,105 to $2,767 per month. Its appeal stems from its size and amenities, situated on a spacious 15.5-acre site, making it attractive for a variety of residents in today's competitive rental market.Market Dynamics ShiftThe landscape for multifamily investments has changed significantly since the pandemic’s peak rental demand. During 2021, Broward County reported an impressive $5.3 billion in multifamily investment sales. However, due to elevated interest rates and a cooling influx of new residents, sales figures have dropped to a projected $1.2 billion in 2023. Deals like the Crow Holdings purchase suggest that while the market cools, there remain robust opportunities for serious investors.Cash is King Amid Higher RatesThe trend of all-cash deals has grown as buyers like Crow Holdings aim to sidestep hefty interest payments. Unlike many recent purchases that involve financing, Crow Holdings did not record a mortgage for its 33 West acquisition, potentially indicating a strategic move towards liquidity amidst rising rates. This trend may shape the future landscape of multifamily housing investments in South Florida.Given these market dynamics, it’s essential for Florida homeowners and potential investors to remain informed about the fluctuations in the rental market and consider strategic opportunities. Engaging with local real estate experts and staying aware of current investment trends can equip homeowners with the necessary insights to navigate these evolving circumstances.

07.28.2025

Ockap Caviar Restaurant and Financial Shift: A New Era for South Beach

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