Called the Miracle Mile, and located in California to the south of West Hollywood, and east of Beverly Hills, this two-mile stretch is also near Los Angeles downtown and Doheny Drive. This diverse commercial and residential district has been revitalized in the 90s and has become an attractive area where people can live, work, and play. Here, you can find great entertainment, fine restaurants, fine shops, museums, high-end boutiques, art galleries, and a mix of office and retail space all packaged in an aesthetically pleasing environment. Since it is conveniently located near the glamorous entertainment industry, it is highly sought and many people want to live here. The popular Melrose can be found in this area - this is where some of the best designer shops are. It offers varied real estate and affordable sophistication. Real Estate in the area is available in many architectural styles, square footage and various prices.
Miracle Mile is considered a cultural and business center offering great homes such as Spanish revival homes, art deco homes, and modern century homes, among many other styles. You can also find rental properties and condos. A Miracle Mile home for rent can range from $4,000 and $8,000 plus a month. Condos prices start at around the $550,000. The median sale price for a Miracle Mile home is in the $ 1,200,000. The average listing price is around $1,000,000 or more.
At a great price, and at a great location, the real estate in this area move fast, as this varied market has something for everyone. It also offers commuting convenience besides its location near the best of Los Angeles. In addition, when you want to shop to your contentment, catch a show, or dine at a great restaurant, here is where you can come. This urban oasis attracts people from all ages, is densely populated, and has heavy traffic. Proximity to the glamour of Hollywood makes Miracle Mile homes very appealing.
This is one good reason for the need of enlisting the help of a seasoned real estate professional if you are interested in buying a Miracle Mile home since there is a demand for this area. This competitive market appeals to families, professionals, people in the entertainment industry, and students as well. You can buy or you can rent in the area, and you can find units that are available furnished or unfurnished.
Many Miracle Mile homes date back to the 1920s and they have been extensively renovated; however, they have kept their architectural integrity and represent some of the best real estate in the area. Some areas have bigger homes that are priced above the million-dollar amount. The features of these elegant mini mansions exceed the common features of most moderately priced homes. Some of these features include massive fireplaces and grand staircases, fine hardwood floors, sunny porches or terraces, well-manicured fragrant gardens, gourmet kitchens, and other desirable features. You will find the tree-lined streets in this area very appealing. These mini mansions represent the best real estate of the Miracle Mile area, offering much sophisticated beauty and convenience, but still at a great price.