There are more than 80 new beachfront residential buildings planned for South Florida over the next couple of years.

A few of the driving forces for the influx of luxury waterfront properties are the increasing rental rates in the area, new residents from various parts of the world and the lack of inventory. Luxury waterfront condominiums are selling at a rapid rate, leaving low inventory and high demand.

A few of the most popular areas for new, waterfront developments are Sunny Isles Beach, Bal Harbour, Key Biscayne, Miami Beach and Greater Downtown Miami.