Location, it's always about the location, location. Supply and Demand is another important factor in Real Estate. Here you have something with very little supply, a townhouse in an Art Deco building located in the heart of South Beach right next to Lincoln Rd and the Sands of South Beach. This low supply TH is in extremely high demand for multiple reasons. Location we touched on, not only in South Beach, Florida is in high demand too. Privacy and safety of a TH in this post-pandemic world. And pricing...There is a TH that recently closed that was a mere 127 SF larger, built in 2011 that sold for $1.2M making this price point affordable in comparison. It is listed for Rent too, so owner will take the first serious, qualified offer that comes through, whether that be for rent or for sale.
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