GET PRE-APPROVED FOR A LOAN

en.wikipedia- Miami Real Estate is partitioned into many different sections, roughly into North, South, West and Downtown. The heart of the city is Downtown Miami and is technically on the eastern side of the city. This area includes Brickell, Virginia Key, Watson Island, and the Port of Miami. Downtown is South Florida's central business district, and home of many major banks, financial headquarters, cultural and tourist attractions, and high-rise residential towers.

The southern side of Miami includes Coral Way and Coconut Grove. Coral Way is a historic residential neighborhood built in 1922 connecting Downtown with Coral Gables, and is home to many old homes and tree-lined streets. Coconut Grove was established in 1825 and is the location of Miami's City Hall in Dinner Key, the Coconut Grove Playhouse, CocoWalk, many nightclubs, bars, restaurants and bohemian shops, and as such, is very popular with local college students. It is a historic neighborhood with many parks and gardens such as Villa Vizcaya, The Kampong, The Barnacle Historic State Park, and home of the Coconut Grove Convention Center, many of the country's most prestigious private schools, and numerous historic homes and estates. The western side of Miami includes Little Havana, West Flagler, and Flagami, and is home to many of the city's traditionally immigrant neighborhoods. Although at one time a mostly Jewish neighborhood, today western Miami is home to immigrants from mostly Central America and Cuba, while the west central neighborhood of Allapattah is a multicultural community of many ethnicities.

The northern side of Miami includes Midtown, a district with a great mix of diversity with many West Indians, Hispanics, bohemians, artists, and Whites. Edgewater, and Wynwood, are neighborhoods of Midtown and are made up mostly of high-rise residential towers and are home to the Adrienne Arsht Center for the Performing Arts. The wealthier residents usually live in the northeastern part, in Midtown, the Design District, and the Upper East Side, with many sought after 1920s homes and home of the MiMo Historic District, a style of architecture originated in Miami in the 1950s. The northern side of Miami, also has notable African-American and Caribbean immigrant communities such as Little Haiti, Overtown (home of the Lyric Theater), and Liberty City.

Miami (pronounced /maɪˈæmi/ or /maɪˈæmə/) is a global city in southeastern Florida, in the United States. Miami is the county seat of Miami-Dade County, the most populous county in Florida. With an estimated population of 409,719 in 2007, Miami is the largest city within the Miami metropolitan area, which is the seventh-largest metro area in the United States with over 5.4 million residents. The Miami Urbanized Area (as defined by the Census Bureau) was the fifth most populous urbanized area in the U.S. in the 2000 census with a population of 4,919,036. The United Nations estimated that in 2007, Miami had become the fourth largest urbanized area in the United States, behind New York City, Los Angeles, and Chicago.

Miami is ranked as a global city for its importance in finance, commerce, media, entertainment, arts and international trade. The city is home to many company headquarters, banks, and television studios. It is an international center for popular entertainment in television, music, fashion, film, and the performing arts. The city's Port of Miami is known for accommodating the largest volume of cruise ships in the world and is home to many cruise line headquarters. Miami is also home to the largest concentration of international banks in the United States.

As of 2008, Miami is undergoing a large building boom with 24 skyscrapers that are expected to rise over 400 feet (122 m) currently under construction in the city. Miami's skyline ranks third in the U.S., behind New York City and Chicago, and 18th in the world according to the Almanac of Architecture and Design.[9] The city currently has nine of the ten tallest skyscrapers in the state of Florida, with the tallest being the 789-foot (240 m) Four Seasons Hotel & Tower. In 2008, Miami was ranked as "America's Cleanest City" according to Forbes Magazine for its year-round good air quality, vast green spaces, clean drinking water, clean streets and city-wide recycling programs. In 2008, Miami was also ranked the 3rd-richest city in the United States and the world's 22nd-richest city in a UBS study. Typically, a condominium consists of multi-unit dwellings (i.e., an apartment or a development) where each unit is individually owned and the common areas, such as hallways and recreational facilities, are jointly owned (usually as "tenants in common") by all the unit owners in the building. It is also possible for condominiums to consist of single family dwellings: so-called "detached condominiums" where homeowners do not maintain the exteriors of the dwellings, yards, etc. or "site condominiums" where the owner has more control and possible ownership (as in a "whole lot" or "lot line" condominium) over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities.

A homeowners association, consisting of all the members, manages the condominium through a board of directors elected by the membership. The same concept exists under different names depending on the jurisdiction, such as "unit title", "sectional title", "commonhold," "strata council," or "tenant-owner's association", "body corporate", "Owners Corporation", "condominium corporation" or "condominium association." Another variation of this concept is the "time share" although not all time shares are condominiums, and not all time shares involve actual ownership of (i.e., deeded title to) real property. Condominiums may be found in both civil law and common law legal systems as it is purely a creation of statute.

The restrictions for condominium usage are established in a document commonly called a "Declaration of Condominium". Rules of governance are usually covered under a separate set of Bylaws. Finally, a set of Rules and Regulations providing specific details of restrictions and conduct are established by the Board and are more readily amendable than the Declaration or Bylaws. Typical rules include mandatory maintenance fees (perhaps collected monthly), pet restrictions, and color/design choices visible from the exterior of the units. Condominiums are usually owned in fee simple title, but can be owned in ways that other real estate can be owned, such as title held in trust. In some jurisdictions, such as Ontario, Canada or Hawaii USA, there are "leasehold condominiums" where the development is built on leased land.

In general, condominium unit owners can rent their home to tenants, similar to renting out other real estate, although leasing rights may be subject to conditions or restrictions set forth in the declaration (such as a rental cap for the total number of units in a community that can be leased at one time) or otherwise as permitted by local law.