RGL Real Estate, LLC: Walkability Factors Improve Home Value

Miami Neighborhoods rank Highly in Walkability - Here’s Why That Matters

Miami, United States - December 6, 2022 /RGL Real Estate, LLC/

More than ever, Americans are embracing the European concept of the “15-minute” city where everything a resident needs can be accessed by foot in 15 minutes. Even luxury homebuyers who often value privacy have an increased appreciation for walkability and often consider it when making decisions about a luxury home purchase, says the founder of RGL Real Estate and luxury property expert, Nick Robinson.

What is the 15-Minute City?

The 15-minute city is the promotion of completely walkable communities where everything from schools, groceries, jobs, medical facilities, parks, and more are available within a 15- minute walk. While the concept is not new, the promotion made popular by Parisian Mayor Anne Hidalgo and the study of how walkability impacts the community is.

Recent Studies in Walkability

Several studies have focused on the impact of walkability on a community and found compelling results.

Health Impact

Neighborhood walkability has been shown to have numerous health advantages for the community. It contributes to a healthier population with reduced incidence of obesity, diabetes, and heart disease. Lower emissions reduce the incidence of respiratory diseases. There is also a known correlation between higher step counts and longevity.

Economic Impact

Highly walkable communities promote local jobs, keeping more money in the community and decreasing unemployment. Additionally, more spaces are utilized productively and profitably since fewer spaces need to be dedicated to parking.

Walkability Encourages Inclusion

Walkability, or urban accessibility, allows a broader range of individuals to access neighborhood resources independently. Since everything is accessible, people spend less time commuting and more time socializing and cooperating to achieve life goals.

Safer Communities

Highly walkable communities typically have lower crime rates, which is likely attributed to neighbors being more familiar with each other, so suspicious activity is more easily identified, and more people are out to witness crimes.

Increased Home Values

Walkability also reduces neighborhood abandonment and crime, which results in higher neighborhood housing values.

Luxury Home Buyers Consider Walkability

Well-traveled luxury homebuyers are often very familiar with cities throughout Europe and the Mediterranean region that favor walking and cycling over motorized vehicles. Even in more modern cities with wider and more accommodating streets, residents are strongly encouraged to use non-motorized forms of travel. But is walkability a factor for today’s luxury homebuyer? Absolutely, say realtors in Miami.

Miami Rated as Most Walkable

Sites and resources such as Move Buddha that provide urban accessibility scores regularly rank Miami as the number 1 city. Things such as the pedestrian-friendly revitalization of downtown areas, easy access to public and free transportation, and rentable Citi Bikes and e-scooters have all encouraged increased economic development and local jobs.

Miami’s Most Walkable Communities

With many residents both healthy and ecologically conscious, it is not surprising that so many communities are very accessible. Here are just a few of the top choices.

Brickell
Edgewater
South Beach
Coconut Grove
Surfside
Sunny Isles
Shenandoah
Wynwood

Finding Properties in Walkable Communities

Given the advantages, it is no surprise that there is significant competition for homes in Miami’s most walkable communities. Because of this, it is important to find an experienced luxury real estate agent.

About RGL Real Estate | Miami Luxury Realtor

Nick Robinson and RGL Real Estate specialize in local, domestic, and international clients buying and selling luxury homes from Miami to Fort Lauderdale. Nick also works with investors in acquiring and selling multi-family and other commercial property assets and with investors that flip distressed residential properties. With an obsessive focus on service, the innovative group has proven to be a premier luxury real estate brokerage.

For more information, visit the website at https://www.rglrealestate.com or reach the group by phone at (305) 504-4235

RGL Real Estate, LLC

1395 Brickell Ave., Ste 925

Miami, Florida, 33131