For those who want to be close to the bustling city life, downtown Miami is the perfect place to be. It is home to towering condominiums and commercial skyscrapers offering a splendid view of the sea. The downtown is a walkable, lively, and charming neighborhood where everything comes alive, from day to night.
This urban oasis offers a vibrant nightlife, exciting shopping and dining options, museums and parks, and an overall fun lifestyle that’s a mix of work and play. Although the downtown is modern at first glance, there are three historic districts that remind residents of how old Miami used to be.
Downtown Miami is surrounded by the neighborhoods of Coconut Grove, Midtown/Wynwood, Upper East Side, and Miami Beach. It is 40 minutes away to Fort Lauderdale, 5 minutes to Brickell, and 25 minutes to Coral Gables.
Real Estate Community in Downtown
Average Land Area/House Square Feet
Sizes of the condominiums vary, from around 400 square foot studios to over 8,400 square foot 5-bedroom units.
Common Property Types or House Styles
The downtown consists mostly of condominium units, typically housed in high-rise buildings. Some residences feature floor-to-ceiling glass walls and offer a panoramic view of the bay. Residents enjoy amenities such as valet parking, tennis, pools, and dry cleaning.
Average Market Pricing
Downtown Miami condos for sale have an average selling price of $450,000.Prices of homes for sale in downtown Miami range from around $120,000 for a studio to over $14,000,000 for a 5 bedroom unit.
Common Design, Construction, or Architectural Types
The downtown is filled with contemporary-style high-rises fit for the modern vibe of the area.
Drake once owned a two-storey condo unit in downtown Miami, the same condo shown in his music video for “I’m on One.” The 5,475 square foot condo features floor-to-ceiling windows, high ceilings, a den/game room, a private foyer, a large terrace, and an open kitchen equipped with Viking and Sub-Zero appliances.
NBA superstar Kevin Durant owns the 900 Biscayne address in downtown Miami. His 3,793-square-foot home features 1,000 square feet of outdoor terrace space. Interior features include three bedrooms, a private cinema, staff quarters, and 4.5 bathrooms. Luxury amenities include a private elevator, floor-to-ceiling glass windows, a gourmet kitchen, top-of-the-line appliances, two custom walk-in closets, jacuzzi, and an entertainment area offering sweeping views of the downtown skyline and the bay.
Living in Downtown
General Cost of Living
The cost of living in downtown is 17% higher than the Miami average and 15% higher than the national average. Housing is 44% higher than the national average.
As the financial and business hub of South Florida, the downtown area has many companies, offices, and commercial buildings. Many private companies, public organizations, and consulates are headquartered here.
Climate in downtown Miami is tropical monsoon. This means summers are hot and humid while winters are dry.
There are tons of dining options available in the downtown. From casual eateries to more upscale dining spots, the downtown does not run out of dining experiences for its residents.
Miami-Dade County Public Schools serve the downtown area. Elementary schools are Downtown Miami Charter School, Southside Elementary School, Miami Children’s Museum School, and BridgePrep Academy of Greater Miami (Charter).
High schools include Law Enforcement Officers’ Memorial High School and New World School of the Arts.
Students are zoned based on the neighborhood they live in. The zones are split into Brickelle, CBD, and Arts & Entertainment District/Edgewater.
Metrorail has several stops in the downtown area while Metromover train systems run three lines. Metrobus is also a popular mode of transportation. Many residents take public transportation, ride a bike, or walk to get around, instead of driving their own vehicles. Taxi rides are also the preferred mode of transportation of those going to South Beach, Design District, or Coconut Grove.
Parks, Recreational Activities, and Attractions
There are three large parks in the downtown: Bayfront Park, Maurice A. Ferre Park (formerly Museum park), and Pace Park. Residents are always close to conveniences such as shopping, dining, and live entertainment.
Museums and historic sites that are must-visits include Perez Art Museum Miami, Miami Circle, Miami Science Museum, and Historical Museum of Southern Florida. There are also theaters, performance arts centers, bookstores, sports facilities, and libraries within the downtown area.
In the central area, residents can find Miami Heat and American Airlines Arena. Maurice A. Ferre Parkand Bayfront parks are at Biscayne Boulevard, where live music events take place, such as the Ultra Music Festival. Arsht Center for the Performing Arts hosts national music, ballet, opera, and theater tours.
Whether you need to live near your workplace or just want to experience the lively neighborhood vibe, making the downtown your address will always be a great idea. Get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started.