Miami’s real estate market has been skyrocketing since the pandemic, with home prices climbing nearly 50% since 2019.
According to UBS’s 2024 Global Real Estate Bubble Index, Miami is now the riskiest city in the world for a housing bubble, beating places like Tokyo and Zurich.
But don’t worry—real estate experts say there are smart investments out there if you know where to look.
Waterfront Homes Are the Real Deal
Experts agree that waterfront properties are the safest bet. “Single-family waterfront homes are irreplaceable,” says Ana Teresa Rodriguez, CEO of ATR Luxury Homes Group.
Whether it’s on a canal, bay, or ocean, homes on the water are always in demand.
Just ask Jeff Bezos, who bought in Indian Creek, or David and Victoria Beckham, who dropped $80 million on a waterfront Miami Beach mansion.
Rodriguez suggests looking into areas like Bay Point, where the stunning six-bedroom Casa Exumas is up for grabs at $20 million.
The property has its own dock and pool—perfect for luxury living.
Where Inventory is Tight, Prices Are Right
Other top neighborhoods include Old Cutler Bay and Bal Harbour, where inventory is low and demand is high.
For example, an eight-bedroom waterfront estate in Old Cutler Bay is listed for $16.9 million and comes with a 100-foot dock and direct ocean access.
Underrated Neighborhoods with Big Potential
If you’re looking for a smart investment, Rodriguez recommends under-the-radar neighborhoods like Miami Shores, Old Cutler Bay, and, especially, Bay Point.
These areas offer luxury waterfront living without the extreme price tags of more famous spots like Miami Beach.
So, if you’re considering investing in Miami real estate, think waterfront and act fast—these properties are sure to stay hot, even if the bubble pops.