The Rider Residences: Flexible Luxury Living for Miami's Growing Short-Term Rental Market
As Miami's real estate scene adapts to the needs of modern investors, flexibility in ownership has become a core appeal for luxury developments. Miami is an attractive haven for travelers and part-time residents thanks to its warm climate, vibrant cultural scene, and international accessibility. For many, it’s a winter retreat, an Art Basel destination, or a weekend escape rather than a full-time residence, making short-term rental options especially enticing for investors who prioritize experience and adaptability.
Short-term rental demand continues to grow in Miami, particularly in high-interest areas like Midtown and Wynwood. Catering to this, The Rider Residences, a joint project by Miami-based Rilea Group and Cipres led by President Diego Ojeda, is redefining urban luxury with fully flexible ownership. The Rider is the first development in Midtown and Wynwood to combine luxury living with the freedom of dual-use ownership, offering owners the ability to live in or rent out their properties without restrictions.
Luxury Meets Convenience in the Heart of Miami
Located where Midtown meets Wynwood—Miami’s art district—The Rider offers turn-key condominiums equipped with luxury amenities and potential income opportunities. The development embodies the spirit of 1970s Hollywood glamor with a curated art collection featuring iconic photography from Morrison Hotel Gallery and works by Marco Grassi in the shared spaces. The residences feature open living areas, gourmet kitchens with Italian Bertazzoni appliances, Dekton countertops, spa-inspired bathrooms with Porcelanosa fixtures, and smart home technology. Residents also have access to an impressive rooftop pool, a wellness center with fitness equipment, infrared saunas, cold plunge pools, and a hammam.
Additional features include a hi-fi listening room, a toy box with Harley Davidson motorcycles, Vespas, and e-bikes for rent, plus an on-site café, restaurant, and speakeasy, fully encapsulating the Miami lifestyle in a single residence. The Rider is designed to meet the desires of both full-time residents and short-term renters seeking luxury, convenience, and Miami’s unique energy.
Capitalizing on Miami's Thriving Short-Term Rental Market
Short-term rentals have surged in popularity in Miami. From 2021 to 2022 alone, some 58.9 million visitors spent $13.8 billion on vacation rentals across Florida, with Miami ranked among the top ten U.S. cities for average daily rental rates. Positioned to take advantage of this trend, The Rider provides full flexibility for owners, who can rent their residences through popular platforms like Airbnb, VRBO, and Booking.com or use The Rider’s in-house rental management service.
A New Level of Ownership Freedom
The Rider’s flexible ownership model meets the needs of today's dynamic buyer, allowing residents to rent without restrictions or blackout dates. As Miami continues to attract high-income professionals relocating from other states and as visitor numbers rise with attractions like the new Brightline station, Midtown and Wynwood are experiencing increasing property values. Proximity to cultural hubs such as The Design District and Edgewater further boosts desirability, making The Rider Residences an ideal investment for those seeking both luxury living and income-generating opportunities.
As Miami’s short-term rental market thrives, The Rider Residences are set to elevate the standard of flexible luxury for investors. The sales gallery is open at 89 NE 27th St, Miami, FL 33137, with exclusive sales managed by Cervera Real Estate. For inquiries, contact +1 786 840 8493, visit their Instagram @THERIDERRESIDENCES, or access their website for more information.
