Miami Beach is facing a beach erosion crisis due to sea level rise and storms. That has buyers increasingly opting to purchase residences in inland locations, according to a new column in Forbes.
Coral Gables, the home of luxury condominium building Merrick Manor, is poised to attract many of these buyers who want to be near the beach but not directly on it. In the Forbes column, writer Beatrice Bianchi Fasani notes the beach erosion issue when giving out tips to prospective buyers in Miami.
“Many people moving to Miami want a beachfront property, but more and more people are opting for properties that aren’t directly on the beach due to erosion,” she writes. “Also, by purchasing a property that isn’t on the beach, even just a few miles out, you can save thousands on your purchase.”
The potential savings are amplified when factoring in the anticipated surge in flood insurance costs in areas vulnerable to flooding. Merrick Manor’s inland location and high elevation make the building an appealing and cost-effective alternative to those flood-prone places. It is also just a short drive away from South Beach.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.