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The New Luxury South Florida Real Estate Market

February 25, 2021

The New Luxury South Florida Real Estate Market

Arte Surfside 

Arte Surfside represents a shift from wealthy individuals buying waterfront single home properties, to luxury condos as single home inventory runs low in South Florida. Arte Surfside, mediterranean-inspired building designed by famed Italian architect Antonio Citterio, is nestled between Indian Creek, and Bal Harbour. Arte Surfside offers an exclusive residence attracting high profile people including Jared Kushner and Ivanka Trump. Surfside at its heart is a quiet, pedestrian-friendly neighborhood with the added benefit of a short commute to the iconic lifestyle and culture of Miami, and Miami Beach. 


The Greater Trend 

This trend does not stop at Arte; One Thousand Museum, and The Ritz Carlton have all noticed significant increase in condo sales compared to last year. This is in large part due to the influx of high-networth individuals moving from states such as New York, and California to escape covid-19 related tax increases, and restrictions. Edgardo Defortuna, CEO of Fortune, said about 70 percent of the buyers are domestic, a reversal compared to years past when international buyers flooded new condo buildings. The question many people are asking is will housing prices continue to rise in South Florida as people continue to migrate down? The overwhelming consensus in the market is YES. 


Window Treatments & Interior Design 

As this trend continues the need for luxury window treatments that match the quality, and elegance of the condos will increase as well. Arte Surfside has selected the trusted brand of South Florida, ShadeMonster to design and install their window treatments. ShadeMonster is associated with premier brands such as Sisters City NYC, and Plymouth Miami Beach and high profile people such as Teyanna Taylor, and Angela Simons. Part owner Christina Pino comments “this recent trend is an opportunity to increase our footprint in the luxury market… not only us, but there are so many talented local interior designers that I believe will be given the chance to show their talents on a bigger platform as capital continues to flow into South Florida”. ShadeMonster has also been noted for recently implementing an innovative referral program, allowing people to earn commission by referring clients in need of window treatments to ShadeMonster. 


Why Trust ShadeMonster with your window treatment?

ShadeMonster boasts over 25 years of full service experience in upscale commercial and home window treatments. Our products come directly from our local factory guaranteeing high quality customizable materials, competitive pricing, and quick turn around. Contact us today for your free estimate, and have your new shades in less than 7 business days!


Still need help deciding on a window treatment?

ShadeMonster’s team of experts are happy to assist. Call now for free consultation: 551-587-8740

 

References:

https://therealdeal.com/miami/2021/01/19/buyers-shift-to-condos-as-waterfront-single-family-luxury-inventory-dwindles-in-south-florida/
https://www.forbes.com/sites/jimdobson/2021/01/25/inside-the-residences-at-arte-surfside-in-miami-where-a-33-million-penthouse-just-broke-records/?sh=4bf2706e5b9f


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