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Will Art Basel's 2025 Success Revive Miami Beach's Condo Market? Experts Weigh In

In this episode of Miami Condo Mondays™, the discussion centers on the success of the recently completed Art Basel and whether it will jumpstart Miami Beach's oversupplied condo market.

Miami Condo Mondays™ is a live podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ and veteran broker Jenny Huertas of CVRRealty.com providing an in-depth look at the latest residential real estate trends in South Florida.

Recorded weekly in Greater Downtown Miami, the podcast offers a one-hour discussion on various real estate topics, including preconstruction condos, market trends and investment strategies.

The hosts share their expertise, with Zalewski focusing on macro perspectives and Huertas offering micro insights from her on-the-ground experience.

Tune in every Monday at 4 PM (EST) on the social media accounts of Peter Zalewski and Jenny Huertas for insights on the latest trends in the South Florida condo market.

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Episode Overview

In this episode of Miami Condo Mondays™ podcast on Dec. 8, 2025, co-hosts Jenny Huertas‚ the broker-owner of CVR Realty, and Peter Zalewski of the Miami Condo Investing Club™ delve into the vibrant world of Art Basel, an annual festival that typically draws international collectors to South Florida.

Huertas and Zalewski discuss Art Basel’s impact on Miami Beach, the current state of the condo market and trajectory for the 2025-26 South Florida Winter Buying Season

The co-hosts discuss the various events surrounding Art Basel, the transportation options available and the economic benefits the festival brings to the area.

The conversation also touches on the evolving landscape of Miami Beach real estate, legislative changes affecting condo living and the trends shaping the market as affluent buyers seek new opportunities.

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In this 78-minute conversation, Huertas and Zalewski discuss the current state of the Miami Beach real estate market, focusing on the condo market across different neighborhoods.

They analyze supply and demand dynamics, pricing strategies and the implications for buyers and renters.

The discussion highlights the challenges faced by buyers in a deteriorating market, the importance of understanding insurance and maintenance costs and the potential for investment opportunities.

They also break down the conditions in the Miami Beach submarkets of South Beach, Middle Beach and North Beach, providing insights into pricing trends and buyer behavior.

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Episode’s Top 20 Takeaways

  1. Art Basel serves as a significant economic driver for Miami Beach.

  2. Transportation options like water taxis improved access to Art Basel.

  3. Public art installations during Art Basel attract diverse crowds.

  4. The economic impact of Art Basel is estimated at $565 million.

  5. Lincoln Road was quieter than expected during Art Basel this year.

  6. Condo living costs are rising due to new legislative requirements.

  7. Affluent buyers are increasingly looking north in Miami Beach.

  8. The condo market is experiencing a correction after years of growth.

  9. Art Basel attracts a mix of international buyers and local residents.

  10. The Faena Arts District is a key cultural hub during Art Basel.

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11. The Miami Beach condo market is currently experiencing a deteriorating buyer’s market.

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