Downtown

Homes For Sale

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Downtown Miami is an urban neighborhood touted as the financial, cultural, and commercial center of South Florida. Tracing its history from the 19th century, Downtown shows no signs of stopping as activities and businesses continue to attract foreign investors looking to improve their real estate portfolio.

The Neighborhood

Downtown Miami or Downtown is an urban, residential neighborhood defined as the 3.8 square mile-area at the east of Interstate 95 between Julia Tuttle Causeway to the north and Rickenbacker Causeway to the south.

The neighborhood has Biscayne Bay to the east, NE 6th St to the north, and the Miami River to its south and west.
Downtown, together with Coconut Grove, is the historic center of Miami, with urban developments that dates to the early 1900s.

Residents can take the Miami Metrorail over at the Government Center, Historic Overtown/Lyric Theatre, and Brickell stations, which may be accessed through the Tri-Rail transfer station. The Metrorail also connects to the Metromover that covers 22 stations on the Inner loop and Brickell and Omni branch loops.

Miami International Airport takes a travel time of 16 minutes via the Airport Express W, while American Airlines Arena is a mere 15-minute walk from the neighborhood.

Miami Beach and its many activities is about 5 miles from Downtown and is accessible via the MacArthur Causeway.

Dowtown

Things To Do

The neighborhood is conveniently located near education centers, major museums, banks, courthouses, private and government offices, shops, and theaters.

Downtown Miami boasts of its large and popular parks, including Museum Park, Bayfront Park, and Pace Park. Bayfront Park hosts numerous outdoor concerts and annual events.

Flagler Street is a famous go-to place by locals, particularly those looking for jewelries. Other shopping destinations include Mary Brickell Village in the nearby Brickell and Bayside Marketplace that overlooks the Bayfront Park and Biscayne Bay.

Perez Art Museum is a popular venue for modern art enthusiasts, while the nearby Freedom Tower serves as a monument for Cubans.

Top Restaurants In Downtown

1. Fratellino Milano
213 SE 1st Street,
Miami, FL 33131
(305) 373-2300

2. Cardon Y El Tirano
West Flagler 3411 SW 8th Street,
Miami, FL 33135
(305) 392-1257

3. Tinta Y Cafe
131 Ponce de Leon Boulevard
Miami, FL 33134
(305)285-0101

4. Crust
Lummus Park, 668 NW 5th Street
Miami, FL 33128
(305) 371-7065

5. Vero
9 SE 1st Street
Miami, FL 33131
(305) 533-1357

6. Downtown Bistro
114 SE 1st Street
Miami, FL 33131
(305) 374-7284

7. Bombay Darbar
2901 Florida Avenue
Miami, FL 33133
(768) 475-6098

8. NAOE
Brickell 661 Brickell Key Drive,
Miami, FL 33131
(305) 947-6263

9. El Palacio De Los Jugos
Flagami 5721 W Flagler Street
Miami, FL 33144
(305) 264-1503

10. Lokal
3190 Commodore Plaza,
Miami, FL 33133
(305) 442-3377

Communities

Downtown is home to mostly highrise condominiums and apartment complexes that overlook the ocean and the Biscayne Bay. This includes:

Schools

The zoning of the Downtown students depend on the neighborhood that they are in. Students from Brickell may attend Southside Elementary School, while those from the Central Business District may go to Riverside Elementary School.

The full list of schools within Downtown includes:

Downtown Miami Charter School
305 NW 3rd Avenue, Miami, FL 33128

Pineview Preschools Downtown
1835 West Flagler Street, Miami, FL 33135

Downtown Doral Charter Elementary School
8390 NW 53rd Street, Miami FL, 33166

Real Estate Trends

The property market of Downtown boomed in the early decade of the 21st century, where more than 23,000 apartments and condominiums were built. By 2011, roughly 85 percent of the properties are off the market already.

Most of the residents of Downtown Miami are renters, pushing the rental rates to go up by as much as 12.5 percent by November of 2015.

Inventory of properties packed by April 2016 and this resulted to the prices going down by 3.6% from $409,500 to $395,700 in the past year.

Single-family homes for sale in Downtown have an average price per square foot of $410. The interest for larger homes costing over $3,000,000 is also growing.

Condominiums for sale have a price range of $300,000 to $1,000,000, with a median price of $203,000. Most of condos are sold after 72 days in the market.

5
Beds
7
Baths
10,353
SqFt
(10)
 
 
#A10245049 | Condo
 
4
Beds
4 | 3
Baths
8,042
SqFt
(33)
 
 
#A10321921 | Condo
 
4
Beds
5 | 1
Baths
4,635
SqFt
(10)
 
 
#A10242544 | Condo
 
5
Beds
5 | 1
Baths
5,241
SqFt
(26)
 
 
#A10369797 | Condo
 
4
Beds
5 | 1
Baths
4,843
SqFt
(10)
 
 
#A10245032 | Condo
 
4
Beds
4
Baths
4,198
SqFt
(11)
 
 
#A10347695 | Condo
 
4
Beds
5 | 1
Baths
4,635
SqFt
(10)
 
 
#A10245025 | Condo
 
6
Beds
6
Baths
6,952
SqFt
(35)
 
 
#A10249943 | Condo
 
5
Beds
5
Baths
7,110
SqFt
(35)
 
 
#A10300886 | Condo
 
4
Beds
4 | 1
Baths
3,793
SqFt
(35)
 
 
#A10088793 | Condo
 
© 2017 Miami Association of REALTORS®. All rights reserved.
IDX information is provided exclusively for consumers' personal, noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.
Miami data last updated at December 8, 2017 11:25 AM ET


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