South Beach for Sale

South Beach for Sale

The cranes nearly outnumber the bikinis on Collins Avenue, as new real estate opportunities keep cropping up. Here, three to watch.

The Tides (305/503-2146; TidesSouthBeach.com) is getting a makeover (think coral accents and zebra print in abundance) from Kelly Wearstler, of Bravo's Top Design fame. Suites and rooms are condo-hotel units—meaning when you're not using yours, it's placed in a rental program, earning money: investors receive 70 percent of the total rental profits.

Todd Oldham gave Miami landmark The Fairfax (305/324-7329; FairfaxSouthBeach.com; fractionals from $250,000) a more masculine, but still retro-chic renovation; the 49 units are selling as quarter fractionals, with each owner guaranteed 13 weeks per year.

Ritz-Carlton Club and Residences, South Beach (800/278-0121; RitzCarltonRealEstate.com; whole-ownership apartments from $700,000) has added a second tower to its residences. The understated units, ranging from 900 to 2,400 square feet, are geared to those who prefer a more traditional look—camel-colored walls and nautical-inspired linens—over the splashier Art Deco designs that hug the boardwalk.

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