Miami
REAL ESTATE
Average rent for a single-family home in Miami reaches $3,537.70 per month, homeownership remains just a dream for many
Miami, Florida – Renters in Miami are paying 154% more than the national average for single-family residences, hence their financial load is really heavy. As of May 31, 2024, Miami ranks in the top ten cities in the United States with the highest rent rates according to data collected by the QR Code Generator.
Master Building Permit Issued for 75-Story ‘Baccarat Residences Miami’
A master building permit has been issued for Baccarat Residences Miami, a luxury condominium tower developed by Related Group and GTIS Partners and designed by Arquitectónica. Miami’s Building Department issued the permit to allow for the continued development of the 848-foot-tall skyscraper, under construction at 99 Southeast 5th Street and expected to be completed in early 2028. John Moriarty & Associates serves as the general contractor for this project.
New Federal Funding Aims to Revitalize Miami Housing and Economy, Heralding a New Chapter for Overtown
The quest for affordable housing and economic rejuvenation in Miami is set to take a significant leap forward thanks to the Biden-Harris Administration. Today, HUD Principal Deputy Assistant Secretary for Public Housing Richard Monocchio, alongside Southeast Deputy Regional Administrator Tiffany Cobb, met with Miami-Dade County Mayor Daniella Levine Cava to unveil a new wave of federal funding. This decisive move is expected to construct new affordable homes, inject vitality into Overtown, overhaul the Culmer public housing, and catalyze economic uplift in the region.
Mets’ José Iglesias Seeking $7.6M for North Miami Home
An luxuriant abode risen along the shores of Biscayne Bay in 2018 now seeks a new proprietor to revel in its contemporary splendor. The 5-bed, 5-bath residence spanning 3,891 sq. ft is available for $7.6 million. It was once called home by seasoned Mets infielder Jose Iglesias, now trading the tranquil waterfront oasis for a new chapter.
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