MIAMI’S HIDDEN GEM – SUNSET ISLAND
To the north of Miami Beach, in the exclusive location just above the Venetian Islands off the shore of Biscayne Bay, lies a small cluster of four islands known as Sunset Islands.
In terms of Miami luxury real estate, Sunset Island homes top the list as some of the most sought-after in Florida. It’s easy to see why. Their prime location, coupled with exclusivity, great connections and waterfront access make them highly desirable.
Demanding a price tag of anything between $2.9 and $23 million, we look at just a few reasons why Sunset Island properties are in such demand.
Design of the Times
Modern waterfront properties in Miami beach are in high demand, least of all because they rarely lose their value over time. But for high rollers with superyachts, waterfront homes on Sunset Island also offer dockage and easy access to the waters of Biscayne Bay and the Atlantic Ocean, with no bridges blocking their access.
In terms of architectural design, there’s plenty of character to be found, with estates inspired by Mediterranean influence, Colonial design as well as modern design.
Location, Location, Location
As its name suggests, Sunset Island homes bask in the sunshine and are surrounded by tranquil waters. The geographical vantage also offers unobstructed views across the bay, which buyers find ever-appealing.
Their prime location, just three miles from South Beach means that residents are never too far away from the action, yet benefit from the seclusion that Sunset Islands homes offer. They are less than 15 minutes to Miami Beach, Downtown and Brickell, less than half an hour from Miami International Airport and just 20 minutes from the luxury shopping mall of Bal Harbour.
For those that enjoy the great outdoors, across the waters is Miami Beach Botanical Gardens offers a peaceful spot for getting back to nature.
Exclusivity and privacy are top of the list for many buyers in Miami. It’s also what makes Sunset Island properties so desirable.
The gated neighbourhood can only be reached from two points off North Bay Road. Therefore, the two middle islands are the most private of all, with no main road attaching them to Miami Beach.
With a total population of 22,044 residents, Sunset Islands attract an elite clientele.
Singer Enrique Iglesias was a previous resident, selling his Sunset Island property a few years ago for a staggering $24.95 million. The 6,7000 square-foot property was typical of luxury estates on the island with a modern waterfront, home theater, rooftop and Jacuzzi.
Fellow musician Lenny Kravitz is also amongst previous famous Sunset Island residents, selling his 25,000 square-foot property for $16.5 million a number of years ago.
A Hip Zip Code
With just 9,375 Sunset Island properties, availability doesn’t always meet demand. As such, those wishing to move here can expect to pay in the multi-millions for its exclusivity.
A typical Sunset Island home for sale on a 20,000 lot with waterfront views, can demand as much as $20 million. As well as properties for sale, there is some availability for land purchases, to design and build the architectural home of your dreams.
Typically speaking though, an average selling price for a Sunset Home property is more around the $13 million mark, which roughly translates as $1,463 per square-foot.
Villazzo Realty can help you with building, buying and investing in ultra-luxury properties. For more information, get in touch with our dedicated luxury real estate agent today.