Wall Street Journalのインスタグラム(wsj) - 2月20日 21時00分

With waterside land scarce in Miami proper, developers are looking north to the once-scruffy community of Hallandale Beach.

Previously best known for political scandals and a horse-racing track, the small municipality halfway between Miami Beach and Fort Lauderdale is being billed as South Florida's next oceanfront real estate hot spot. Just over a bridge from Miami's design district, it backs up to some of the deepest, widest canals in the area.

The northward trend stems from growing crowds in the city of Miami, which has seem an influx of high-income individuals from higher tax states and an increase in foreign buyers from South American countries.

Real estate agents say that despite the recent activity, waterfront Hallandale Beach properties sell at about a third of what a similar property would in Miami.

Read more at the link in our bio. ?: @alexiafodere for @wsjrealestate

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