BEST PRICED 1/1.5 UNIT AVAILABLE PER SF CONDO IN THE BUILDING!
Priced At $222K
Buying Unlisted Properties Are Different
To get the full address and view the property, all prospective buyers must sign a non-disclosure agreement to maintain confidentiality.
About The Property
Located in “Olympus” Community featuring a Clubhouse, Community Pool, Elevator, Fitness Center, Laundry Facility, Pool Table, Security Patrol
1 Bed – 1.5 Bath (1st floor) 1,140 Sq Ft
HOA FEES $691.90 monthly ( all current assessments will be paid by seller at closing)
2023 taxes: $4,076.87
Year Built: 1974
All Ages & No Rental Restrictions
Corporate Buyer allowed
Currently rented for $1,900 a month – Lease Expires February 28th, 2025
About The Area
Hallandale Beach, a coastal city in Broward County, Florida, is often overshadowed by its larger neighbor to the south, Miami. Let’s explore how these two cities compare in terms of housing market trends and local economic factors.
## Housing Market
**Hallandale Beach**
Hallandale Beach offers a mix of housing options, from high-rise condominiums to single-family homes. The city has seen steady growth in its real estate market in recent years.
**Miami**
Miami, as a major metropolitan area, has a more diverse and competitive housing market. The city is known for its luxury condos and waterfront properties, but also offers a wide range of housing options across various neighborhoods.
**Price Comparison**
Miami generally has higher property values and rental rates compared to Hallandale Beach, reflecting its status as a larger, more internationally recognized city.
## Local Economy
**Job Market**
Hallandale Beach has a smaller job market primarily focused on tourism, retail, and service industries. The city’s economy is closely tied to its beaches and the Gulfstream Park Racing and Casino complex.
Miami, on the other hand, boasts a much larger and more diverse job market. As a major international business hub, it offers opportunities in finance, trade, tourism, technology, and creative industries.
**Economic Indicators**
– **Unemployment Rate**: Both cities typically have unemployment rates close to the national average, with Miami sometimes experiencing slightly higher rates due to its larger workforce.
– **Income Levels**: Miami tends to have a higher median household income compared to Hallandale Beach.
– **Cost of Living**: While both cities have a higher cost of living than the national average, Miami is generally more expensive overall.
## Transportation and Accessibility
Hallandale Beach benefits from its proximity to major transportation hubs:
– Fort Lauderdale-Hollywood International Airport (about 9 miles north)
– Miami International Airport (about 20 miles south)
This accessibility makes Hallandale Beach an attractive option for those who want to be near Miami’s amenities without the higher costs associated with living in the city proper.
## Conclusion
While Hallandale Beach offers a more relaxed, small-city feel with lower housing costs and a focus on beach tourism, Miami provides a bustling urban environment with a more robust job market and higher property values. The choice between the two depends on individual preferences for lifestyle, career opportunities, and budget considerations.