Miami Property Appraisals and Home Appraisers
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| Toll Free: 866-775-3395 Palm Beach: 561-674-0498 Cell Line: 954-415-1630 Fax Line: 561-892-0913 |
Miami is a major city in southeastern Florida, in
the United States. It is the county seat of Miami-
Dade County. Miami is a gamma world city with
an estimated population of 404,048. It is the
largest city within the South Florida metropolitan
area, which is the largest metropolitan area in
the Southeastern United States with 5.4 million
people. Miami and its surrounding cities make
up the fifth largest urban area in the United
States. As of 2005, the United Nations
estimates that the Miami Urban Agglomeration
is the fourth largest in the United States, and the
44th largest in the world.
Miami’s importance as an international financial
and cultural center has elevated Miami to the
status of world city. Because of Miami’s cultural
and linguistic ties to North, South, and Central
America, as well as the Caribbean, Miami is
many times referred to as “The Gateway of the
the United States. It is the county seat of Miami-
Dade County. Miami is a gamma world city with
an estimated population of 404,048. It is the
largest city within the South Florida metropolitan
area, which is the largest metropolitan area in
the Southeastern United States with 5.4 million
people. Miami and its surrounding cities make
up the fifth largest urban area in the United
States. As of 2005, the United Nations
estimates that the Miami Urban Agglomeration
is the fourth largest in the United States, and the
44th largest in the world.
Miami’s importance as an international financial
and cultural center has elevated Miami to the
status of world city. Because of Miami’s cultural
and linguistic ties to North, South, and Central
America, as well as the Caribbean, Miami is
many times referred to as “The Gateway of the
Americas”. Florida’s large Spanish-speaking population and strong economic ties to Latin America
also make Miami and the surrounding region an important center of the Hispanic world.
Miami is also home to one of the largest, most influential ports in the United States, the Port of Miami.
The port is often called the “Cruise Capital of the World” and the “Cargo Gateway of the Americas”. It
has retained its status as the number one cruise/passenger port in the world for well over a decade
accommodating the largest cruise ships and the major cruise lines.
As of 2007, Miami is undergoing a massive building boom that ranks second worldwide (and first in the
United States) for the most buildings under construction that will be over 492 feet (150 m), with over 24
of such buildings currently under construction. Miami’s skyline also currently ranks third in the U.S.
behind Chicago and New York City (and 18th in the world) according to the 2006 Almanac of
Architecture and Design. Including other nearby neighborhoods and cities, the Miami area has over 80
highrise towers under construction, such as the Biscayne Wall in Downtown Miami, a row of
skyscrapers being built along the west side of Biscayne Boulevard. Miami currently has the five tallest
skyscrapers in the state of Florida with the tallest being the Four Seasons Hotel & Tower.
At only 35.68 square miles (92 km²) of land area, Miami has the smallest land area of any major U.S.
city with a metro area of at least 2 million people. The city proper is home to less than 1 in 13 residents
of the South Florida Metro Area. Additionally, 52% of Miami-Dade County’s population doesn't live in any
incorporated city. Miami is the only major city in the United States bordered by two national parks,
Everglades National Park on the west, and Biscayne National Park on the east.
Miami and its metro area grew from just over one thousand residents to nearly five and a half million
residents in just 110 years (1896-2006). The city’s nickname, The Magic City, comes from this rapid
growth. Winter visitors remarked that the city grew so much from one year to the next that it was like
magic. Miami is the only major city in the United States founded by a woman, Julia Tuttle.
Miami was officially incorporated as a city on July 28, 1896,[7] though the area was first inhabited for
more than a thousand years by the Tequesta Indians and was claimed for Spain in 1566 by Pedro
Menéndez de Avilés. A Spanish mission was established a year later in 1567. In 1836 Fort Dallas was
built and subsequently, was a site of fighting during the Second Seminole War. In the 1920s, Miami
prospered through the Florida Land Boom of the 1920's with an increase in population and
infrastructure. By 1940, 172,172 people lived in the city and Miami had grown to become a large,
growing city.
The Miami area was better known as “Biscayne Bay Country” in the early years of its growth. Some
published reports described the area as a promising wilderness. The area was also characterized as
“one of the finest building sites in Florida.”[9] However, the Great Freeze of 1894 changed all that, and
the crops of the Miami area were the only ones in Florida that survived. Julia Tuttle, a local citrus
grower, convinced Henry Flagler, a railroad tycoon, to expand his Florida East Coast Railroad to Miami.
On July 28, 1896, Miami was officially incorporated as a city with a population of just over 300.
Miami prospered during the 1920s but weakened after the collapse of the Florida Land Boom of the
1920s, the 1926 Miami Hurricane and the Great Depression in the 1930s. When World War II began,
Miami, well-situated due to its location on the southern coast of Florida, played an important role in the
battle against German submarines. The war helped to expand Miami’s population to almost half a
million. After Fidel Castro rose to power in 1959, many Cubans sought refuge in Miami, further
increasing the population. In the 1980s and 1990s, various crises struck South Florida, among them
the Arthur McDuffie beating and the subsequent riot, drug wars, Hurricane Andrew, and the Elián
González uproar. Miami remains a major international financial and cultural center.
Miami and its suburbs are located on a broad plain between the Florida Everglades to the west and
Biscayne Bay to the east that also extends from Florida Bay north to Lake Okeechobee. The elevation of
the area never rises above 40 ft (12 m)[10] and averages at around 6 ft (2 m)[11] above mean sea level
in most neighborhoods, especially near the coast. The highest undulations are found along the coastal
Miami Rock Ridge, whose substrate underlies most of the eastern Miami metropolitan region. The
main portion of the city lies on the shores of Biscayne Bay which contains several hundred natural and
artificially-created barrier islands, the largest of which contains the city of Miami Beach and its famous
South Beach district. The Gulf Stream, a warm ocean current, runs northward just 15 miles (24.1 km)
off the coast, allowing the city's climate to stay warm and mild all year.
Miami is one of the country’s most important financial centers. It is the major center of regional
commerce, and boasts a strong international business community. According to the ranking of world
cities undertaken by the Globalization and World Cities Study Group & Network (GaWC) and based on
the level of presence of global corporate service organizations, Miami is considered a “Gamma World
City”.
Because of its proximity to Latin America, Miami serves as the headquarters of Latin American
operations for more than 1400 multinational corporations, including American Airlines, Cisco, Disney,
Exxon, FedEx, Microsoft, Oracle, SBC Communications, Sony, and Visa International. Several large
companies are headquartered in or around Miami, including but not limited to: Alienware, AutoNation,
Bacardi, Brightstar Corporation, Burger King, Carnival Cruise Lines, Citrix Systems, DHL, Norwegian
Cruise Lines, Royal Caribbean Cruise Lines, Ryder Systems, and Spirit Airlines. Miami International
Airport and the Port of Miami are among the nation’s busiest ports of entry, especially for cargo from
South America and the Caribbean. Additionally, downtown Miami has the largest concentration of
international banks in the country. Miami was also the host city of the 2003 Free Trade Area of the
Americas negotiations, and is one of the leading candidates to become the trading bloc's headquarters.
Tourism is also an important industry: the beaches of Greater Miami draw visitors from across the
country and around the world, and the Art Deco nightclub district in South Beach (in Miami Beach) is
widely regarded as one of the most glamorous in the world. However, it is important to note that Miami
Beach is not a part of the city of Miami. Even major TV networks sometimes forget this, as when Good
Morning America visited Miami Beach and Charles Gibson thanked the mayor of Miami (but he was
standing next to the mayor of Miami Beach). In addition to these roles, Miami is also an industrial
center, especially for stone quarrying and warehousing.
Miami is the home to the National Hurricane Center and the headquarters of the United States
Southern Command, responsible for military operations in Central and South America.
Miami has also served as host venue for legendary legal proceedings, most notably the $145 Billion
verdict leveled against the nation’s five largest cigarette manufacturers. This case was a class action
on behalf of all afflicted Florida smokers and their families, represented by a prominent and successful
Miami-raised husband and wife legal team, Stanley and Susan Rosenblatt.
According to the U.S. Census Bureau, in 2004, Miami had the third highest incidence of family incomes
below the federal poverty line in the United States, making it the third poorest city in the USA, ahead only
by Detroit, Michigan(ranked #1) and El Paso, Texas (ranked #2.) In 2002, Miami had the highest poverty
rate. Miami is also one of the very few cites where its local government went bankrupt, in 2001.
Miami is also one of the least affordable places to live, with the median percentage of housing costs as
a percentage of income was 42.8%; the national average was 27%. Miami ranks twelfth among least
affordable cities for home ownership.
In 2005, the Miami area witnessed its largest real estate boom since the 1920s. The newly created
Midtown Miami, having well over a hundred approved construction projects is an example of this. As of
2007, however, the housing market has crashed and more than 23,000 condos are for sale and/or
foreclosed. The Miami metropolitan area foreclosures are up 82 percent from a year ago, and the
Miami area ranks 8th worst in the nation in foreclosures.
In August 2007, the U.S. Department of Housing and Urban Development attempted to take control of
Miami-Dade County’s housing agency, citing mismanagement of housing programs and a poor record
keeping of the agency’s finances. These attempts are halted, pending a ruling on a preliminary
injunction request by the county; non-binding mediation has also been mandated over the issue
For more information visit
www.miamigov.com/cms/
also make Miami and the surrounding region an important center of the Hispanic world.
Miami is also home to one of the largest, most influential ports in the United States, the Port of Miami.
The port is often called the “Cruise Capital of the World” and the “Cargo Gateway of the Americas”. It
has retained its status as the number one cruise/passenger port in the world for well over a decade
accommodating the largest cruise ships and the major cruise lines.
As of 2007, Miami is undergoing a massive building boom that ranks second worldwide (and first in the
United States) for the most buildings under construction that will be over 492 feet (150 m), with over 24
of such buildings currently under construction. Miami’s skyline also currently ranks third in the U.S.
behind Chicago and New York City (and 18th in the world) according to the 2006 Almanac of
Architecture and Design. Including other nearby neighborhoods and cities, the Miami area has over 80
highrise towers under construction, such as the Biscayne Wall in Downtown Miami, a row of
skyscrapers being built along the west side of Biscayne Boulevard. Miami currently has the five tallest
skyscrapers in the state of Florida with the tallest being the Four Seasons Hotel & Tower.
At only 35.68 square miles (92 km²) of land area, Miami has the smallest land area of any major U.S.
city with a metro area of at least 2 million people. The city proper is home to less than 1 in 13 residents
of the South Florida Metro Area. Additionally, 52% of Miami-Dade County’s population doesn't live in any
incorporated city. Miami is the only major city in the United States bordered by two national parks,
Everglades National Park on the west, and Biscayne National Park on the east.
Miami and its metro area grew from just over one thousand residents to nearly five and a half million
residents in just 110 years (1896-2006). The city’s nickname, The Magic City, comes from this rapid
growth. Winter visitors remarked that the city grew so much from one year to the next that it was like
magic. Miami is the only major city in the United States founded by a woman, Julia Tuttle.
Miami was officially incorporated as a city on July 28, 1896,[7] though the area was first inhabited for
more than a thousand years by the Tequesta Indians and was claimed for Spain in 1566 by Pedro
Menéndez de Avilés. A Spanish mission was established a year later in 1567. In 1836 Fort Dallas was
built and subsequently, was a site of fighting during the Second Seminole War. In the 1920s, Miami
prospered through the Florida Land Boom of the 1920's with an increase in population and
infrastructure. By 1940, 172,172 people lived in the city and Miami had grown to become a large,
growing city.
The Miami area was better known as “Biscayne Bay Country” in the early years of its growth. Some
published reports described the area as a promising wilderness. The area was also characterized as
“one of the finest building sites in Florida.”[9] However, the Great Freeze of 1894 changed all that, and
the crops of the Miami area were the only ones in Florida that survived. Julia Tuttle, a local citrus
grower, convinced Henry Flagler, a railroad tycoon, to expand his Florida East Coast Railroad to Miami.
On July 28, 1896, Miami was officially incorporated as a city with a population of just over 300.
Miami prospered during the 1920s but weakened after the collapse of the Florida Land Boom of the
1920s, the 1926 Miami Hurricane and the Great Depression in the 1930s. When World War II began,
Miami, well-situated due to its location on the southern coast of Florida, played an important role in the
battle against German submarines. The war helped to expand Miami’s population to almost half a
million. After Fidel Castro rose to power in 1959, many Cubans sought refuge in Miami, further
increasing the population. In the 1980s and 1990s, various crises struck South Florida, among them
the Arthur McDuffie beating and the subsequent riot, drug wars, Hurricane Andrew, and the Elián
González uproar. Miami remains a major international financial and cultural center.
Miami and its suburbs are located on a broad plain between the Florida Everglades to the west and
Biscayne Bay to the east that also extends from Florida Bay north to Lake Okeechobee. The elevation of
the area never rises above 40 ft (12 m)[10] and averages at around 6 ft (2 m)[11] above mean sea level
in most neighborhoods, especially near the coast. The highest undulations are found along the coastal
Miami Rock Ridge, whose substrate underlies most of the eastern Miami metropolitan region. The
main portion of the city lies on the shores of Biscayne Bay which contains several hundred natural and
artificially-created barrier islands, the largest of which contains the city of Miami Beach and its famous
South Beach district. The Gulf Stream, a warm ocean current, runs northward just 15 miles (24.1 km)
off the coast, allowing the city's climate to stay warm and mild all year.
Miami is one of the country’s most important financial centers. It is the major center of regional
commerce, and boasts a strong international business community. According to the ranking of world
cities undertaken by the Globalization and World Cities Study Group & Network (GaWC) and based on
the level of presence of global corporate service organizations, Miami is considered a “Gamma World
City”.
Because of its proximity to Latin America, Miami serves as the headquarters of Latin American
operations for more than 1400 multinational corporations, including American Airlines, Cisco, Disney,
Exxon, FedEx, Microsoft, Oracle, SBC Communications, Sony, and Visa International. Several large
companies are headquartered in or around Miami, including but not limited to: Alienware, AutoNation,
Bacardi, Brightstar Corporation, Burger King, Carnival Cruise Lines, Citrix Systems, DHL, Norwegian
Cruise Lines, Royal Caribbean Cruise Lines, Ryder Systems, and Spirit Airlines. Miami International
Airport and the Port of Miami are among the nation’s busiest ports of entry, especially for cargo from
South America and the Caribbean. Additionally, downtown Miami has the largest concentration of
international banks in the country. Miami was also the host city of the 2003 Free Trade Area of the
Americas negotiations, and is one of the leading candidates to become the trading bloc's headquarters.
Tourism is also an important industry: the beaches of Greater Miami draw visitors from across the
country and around the world, and the Art Deco nightclub district in South Beach (in Miami Beach) is
widely regarded as one of the most glamorous in the world. However, it is important to note that Miami
Beach is not a part of the city of Miami. Even major TV networks sometimes forget this, as when Good
Morning America visited Miami Beach and Charles Gibson thanked the mayor of Miami (but he was
standing next to the mayor of Miami Beach). In addition to these roles, Miami is also an industrial
center, especially for stone quarrying and warehousing.
Miami is the home to the National Hurricane Center and the headquarters of the United States
Southern Command, responsible for military operations in Central and South America.
Miami has also served as host venue for legendary legal proceedings, most notably the $145 Billion
verdict leveled against the nation’s five largest cigarette manufacturers. This case was a class action
on behalf of all afflicted Florida smokers and their families, represented by a prominent and successful
Miami-raised husband and wife legal team, Stanley and Susan Rosenblatt.
According to the U.S. Census Bureau, in 2004, Miami had the third highest incidence of family incomes
below the federal poverty line in the United States, making it the third poorest city in the USA, ahead only
by Detroit, Michigan(ranked #1) and El Paso, Texas (ranked #2.) In 2002, Miami had the highest poverty
rate. Miami is also one of the very few cites where its local government went bankrupt, in 2001.
Miami is also one of the least affordable places to live, with the median percentage of housing costs as
a percentage of income was 42.8%; the national average was 27%. Miami ranks twelfth among least
affordable cities for home ownership.
In 2005, the Miami area witnessed its largest real estate boom since the 1920s. The newly created
Midtown Miami, having well over a hundred approved construction projects is an example of this. As of
2007, however, the housing market has crashed and more than 23,000 condos are for sale and/or
foreclosed. The Miami metropolitan area foreclosures are up 82 percent from a year ago, and the
Miami area ranks 8th worst in the nation in foreclosures.
In August 2007, the U.S. Department of Housing and Urban Development attempted to take control of
Miami-Dade County’s housing agency, citing mismanagement of housing programs and a poor record
keeping of the agency’s finances. These attempts are halted, pending a ruling on a preliminary
injunction request by the county; non-binding mediation has also been mandated over the issue
For more information visit
www.miamigov.com/cms/
Are you interested in a real estate appraiser that specializes in the Miami, Florida area? Our appraisers
have extensive knowledge as commercial property appraisers, residential home appraisers and overall
property appraisals. If you need an appraiser in Miami one of our Certified Appraisers will gladly help
with all of your commercial and residential home appraisal services.
have extensive knowledge as commercial property appraisers, residential home appraisers and overall
property appraisals. If you need an appraiser in Miami one of our Certified Appraisers will gladly help
with all of your commercial and residential home appraisal services.