Florida is the capital of oceanfront condos and high-rises. As you stand on Miami's version of Ocean Boulevard and look up, the condominium buildings rise to dizzying heights that Myrtle Beach's oceanfront condo developers never thought about. And there are hundreds, maybe thousands of them. Who buys these condos, and who owns them?
With the slowdown in real estate the Florida foreclosures are numbered second only to Las Vegas. This was the absolute land of condo-flipping during the boom several years ago, and there are so many people who ended up being burned when the bubble burst and the market dropped so suddenly.
Even Donald Trump wasn't immune to the Florida oceanfront condo problems. His Trump Tower is like most of the rest of them, populated by owners who never meant to be owners, and many who can't afford to keep them.
Cities like Fort Lauderdale and Boca Raton, Florida have also wonderfully developed their part of the Intracoastal Waterway, and the elegant houses and fabulous condos on the Florida Waterway delight the boaters with their beauty.
If you are a buyer looking for Miami or any other Florida Oceanfront property, please fill out our contact form and we will have an agent contact you immediately. We have representatives in Daytona Beach, Boca Raton, Miami, Orlando, Destin, Sarasota, and other Florida Beachfront cities.
