Buyers Want Single-Family Homes

As developers begin to search for more innovative projects, small-scale boutique buildings with large-scale amenities have taken hold in South Florida.

Single-family homes are being built at historically low rates, yet according to The Housing Opportunities and Market Experience (HOME) survey, 85 percent of owners and 75 percent of renters want a single-family home.

Boutique residences, residences with less than 100 units, focus on offering an individual space in a stylish urban location. Boutique residences elude a homey atmosphere and provide a space for residents to build connections with one another. They also offer amenity rich services in an intimate setting — something not achieved in larger developments.

L’Atelier Miami Beach and Three Hundred Collins are two prime examples of boutique residences. These homes allow residents to break the mold of city living while they enjoy the atmosphere of a single-family home within a luxurious urban location.

Buyers can now have an expansive backyard, unique floorplan, urban location and luxurious amenities alongside a quick commute. Small-scale projects within the large-scale cities are exactly what the market needs to fill the void of single-family homes.

Three Hundred Collins

This 5-story, 19-unit boutique property is situated in the exclusive SoFi neighborhood of South Beach. Designed by New York City’s Thomas Juul-Hansen, the property offers exclusive amenities such as a 75-foot saltwater rooftop pool and hot tub, beach concierge services and white cushioned cabanas with panoramic views.

Residences are priced between $1.7 million to $9 million and slated for completion in October 2017.

L’Atelier Miami Beach

As an oceanfront luxury high-rise, this property is the epitome of a boutique property. Situated in Miami Beach’s exclusive neighborhood of North Beach, the property offers only 24 residences and a penthouse. Amenities include a private beach area, hammock garden, double-height fitness facility, infinity edge swimming pool, gorgeous views of the ocean and more.

Residences start at $3.5 million and are scheduled for completion in 2018.