Tech Billionaires Flocking To This Former Bohemian Enclave In Miami

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Coconut Grove offers something many luxury enclaves cannot: discretion. Hidden behind lush landscaping and quiet streets, the neighborhood allows billionaires and high-profile residents to remain close to Miami’s booming financial and cultural centers while maintaining a rare sense of privacy and community.

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Vero Island Brokers Say 2026 Off To Roaring Start

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Local agents say a sharp rise in buyer activity during the first quarter has fueled significant gains in both contracts and closings, signaling renewed confidence in the high-end coastal market. Activity has been broad-based, with properties ranging from modest condominiums to luxury homes changing hands.

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Miami Renters Spend More Of Their Paycheck On Housing Than Anyone Else In U.S.

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A recent report compared median annual rent with median household income across 182 cities nationwide. Miami ranked last for affordability, with renters dedicating about 33.77% of their income to housing.

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At Surfside Collapse Site, Big-Name Planned Project Hasn’t Sold A Single Condo

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Damac Properties, the Dubai-based developer that purchased the property, has not sold a single unit at its planned luxury condo building, known as Delmore Surfside condo project. The redevelopment has remained controversial, as some community members had hoped the site would instead become a memorial.

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Miami-Dade Losing Residents, And Gaining A Dangerous Kind Of ‘Success’

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High housing prices, low wages, and other financial pressures are driving Miami-Dade residents away. The result is a concentration of wealth: higher-income individuals are moving in, while lower-wage workers are moving out, and overall population growth is beginning to stall. That’s not a healthy trajectory for long-term economic stability.

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