Celebrities’ love for high-end real estate isn’t new at all. What’s really new is to know what the new hotshots in the industry are buying these days. It is worth mentioning that for many celebrities, the place of choice is South Florida. In fact, there is a high demand for luxury homes fronting the Atlantic Ocean, Intracoastal Waterway, and Biscayne Bay.
Why Exactly Celebrities Love South Florida
You have to go back in history to find exactly what attracts celebrities to South Florida. It actually started in the 1800s when South Florida appeared as a perfect retreat for people having a hard time dealing with the Northeast’s winter doldrums. Henry Flagler, the founder of Standard Oil, was the first one to build a railroad to make it easier for people to visit the Sunshine State, and then he laid the foundation of some of the world’s finest hotels to accommodate those visitors.
This initial development really made people interested in South Florida, but it really became a party place in the 1960s when every from the Beatles to the Kennedys frolicked in the Atlantic waves while the rest of the country was dealing with winter. What it means is that the weather in South Florida is a definite draw for all the celebs.
It is relevant to mention that the weather alone is not the reason why celebs come here – they also move to this part of the world because they know they are going to get a better bang for the buck. What it means is that even if they buy a multi-million dollar property in South Florida, it is far more affordable as compared to similar properties in L.A or NYC. It is therefore obvious that celebs find South Florida living a great investment.
Another reason why so many celebrities from Billy Joel and Barry Gibb to the Kardashians and Kanye West choose to find an abode in South Florida is that everyone can enjoy relative anonymity in this part of the world. The laid-back living style of the locals is one big reason why celebs don’t mind settling in South California. Moreover, the locals don’t care much about those celebrities because it seems that they have seen it all – eccentricity, weird news, beautiful people, and tourists – and they are less likely to harass a famous personality.
The Latest Names to Calling South Florida Home
Rory Mcllroy, one of the world’s finest golfers, has recently invested in Palm Beach County – he spent almost $9.5 million on an Old Gate Lane home on the Intracoastal Waterway, and then he paid $2.3 million for vacant property in the same area. Shane Battier of Miami Heat has opted for Coral Gables residence that he bought for $3.2 million. Similarly, the veteran actor Christian Slater has recently spent $2.2 million for a three-bedroom in Coconut Gove.
There are many other notable mentions as well, which is a testament to the fact that celebrities’ love for oceanfront properties is never going to die.