If you are Miami dreaming of wide beaches, Art Deco, ultramodern skyscrapers, nightclubs, and palm trees, you probably know how high priced its properties are. And we are not just talking about the hottest neighborhoods in Miami. We are talking family friendly, rentals, all of it. A thriving job market has made it an ideal location for a business hub. Countless start-ups and the always expanding tech scene are attracting business owners and people searching for work from all over the globe.
Not only good for making it in your preferred industry, but hottest neighborhoods in Miami also offer a great place for boating, windsurfing, wonderful beaches, and sailing for obvious reasons. Still wondering why should you move to Miami? This magnificent city has a naturally protected harbor with Miami River on the southeast side. It is always lush and the summers are steamy, with a mild, dry winter.
It is a cosmopolitan city. Miami is developing at light speed. People flocking from all over the world to do business here or visit it and have fun. Still, this doesn’t mean you won’t find something for yourself. Miami is not all work and endless parties. It is home to one of the biggest Universities in the USA and has plentiful family-oriented neighborhoods with good schools.
What are the hottest neighborhoods in Miami?
First of all, watch out for traffic. Some of the old neighborhoods that are hot in Miami have charming narrow streets but get very clogged. Residential and business development but also tourism make the city hard to navigate. This element of the city life has now become crucial for picking a place to settle in. However, we have some advice for you.
Miami’s greater downtown area is still the place to be
If you are keen on buying in this general area, look into Homestead, Miami Shores, and Kendall. These are great for the budget-conscious home buyers.
Investors, Miamians and visitors all agree that Design District is only good for investments. For a more peaceful place, try the Coconut Grove. To this day, despite the flooding and overbuilding, Miami Beach remains one of the hottest neighborhoods in Miami, but watch out for inflated prices.
According to Zillow, Miami Beach has been named the most overvalued neighborhood fourth year in a row. It comes at the pricing of $520 per square foot.
Brickell comes in second at $497 per square foot. And the luxury square footage of Sunny Isles Beach ($554) and Key Biscayne ($753) tied for third.
Locals chose Coral Gables as one of the hottest neighborhoods in Miami if looking for a single-family home. Brickell on the other hand if they were looking for a condo or apartment.
Homestead is one of the hottest neighborhoods in Miami right now
We recommend you look into Homestead more, a neighborhood at an undervalued price of $140 per square foot. This charming city lies between Biscayne National Park to the east and Everglades National Park to the west. It is a Miami suburb and a major agricultural area.
It is home to Homestead–Miami Speedway, a motor racing track that hosts very popular racing series. NASCAR, the Verizon IndyCar Series, the WeatherTech SportsCar Championship and the Championship Cup Series compete there. As Miami-Dade County’s second-oldest City, it has that old town charming feel. It is full of natural beauty, but it doesn’t lack in entertainment either with restaurants and bars to fulfill any tourism need.
Right next to Coral Gables, there is Coconut Grove
This part of Miami is rich in the selection of outdoor festivals and events, the most prominent of which is the annual Coconut Grove Arts Festival. Others include the King Mango Strut, which began as a parody of the Orange Bowl Parade. The Great Taste of the Grove Food & Wine Festival celebrates gastronomic events each April.
Every June, the Goombay Festival takes place in the Grand Avenue of Coconut Grove. This converts it into a Caribbean Carnival, celebrating Bahamian culture, with Bahamian food and Caribbean music (Junkanoo).
With low crime rates and a great range of beautiful parks and good schools, the historic seaside village of Coconut Grove is ideal for families. It has been voted by the public as:
- Best Neighbourhoods to Live in Miami Area #2 of 25,
- Most Diverse Neighbourhoods in Miami Area #2 of 25 and
- Best Neighbourhoods to Raise a Family in Miami Area #2 of 24.
The Grove is also very popular by night. It has numerous open air and street side cafes, and beautiful waterfront restaurants and bars. That is why it is the hottest neighborhood in Miami. Locals, young professionals, students from the University of Miami and Florida International University regularly visit it for fun.
Miami is home to many diverse neighborhoods
Aventura is a great place to live. Hollywood beach and a Hollywood boardwalk and also the Hallandale beach are near. One of the biggest and most famous malls in Florida is there, the Aventura Mall. This area offers big parks with bicycle and running tracks, beautiful old landmarks, like the old Spanish monastery. In addition to all the attractions is the commodity of affordable property. This is the biggest reason why it is one of the hottest neighborhoods in Miami.
The condos range between 110,000$ for a one bedroom apartment and 180,000$ for a two bedroom apartment. Two bedrooms and two baths are around 215,000$. Aventura offers luxury apartments too, but rarely any houses are for sale. That is the style of living.
Last, but not least on our hottest neighborhoods in Miami countdown is Wynwood
This is a cultural area of Miami with its Rubell Family Collection and Pan American Projects galleries. Aside from the coined arts district, Wynwood is famous for some fantastic bars and restaurants. Check out Coyote Taco for carne asada tacos and a margarita after a tour of Wynwood. Or you can enjoy a plate of pappardelle gratinate at Joey’s Italian Cafe. During the walking tour, you can make lovely photos of colorful street art, which are on almost every building. We recommend you see the Wynwood Walls. If you visit the arts district at night, do check out Brick. They have great hip-hop music and a life-size game of Jenga. A condo in Wynwood can range from 300,000$ to 500,000$ for a 2 beds/2 baths.