A flood of rich New Yorkers spooked by Mayor-elect Zohran Mamdani’s victory is reportedly set to migrate south — as Miami realtors report a 166% spike in inquiries about multi-million-dollar properties in one of the most in-demand enclaves of South Beach.
Real estate agents who are showcasing waterfront condos along Miami’s “Billionaire’s Beach” — which stretches from 14th Street to 21st Street along Collins Avenue — say they stand to benefit from the “Mamdani effect.”
“The second that the word on the street was that Mamdani was going to be elected we started getting phone calls,” Pietro Belmonte, executive vice-president at Douglas Elliman, told the US Guardian.
Douglas Elliman is the marketing agent for Ritz-Carlton Residences on Miami Beach, where single-bedroom apartments spannin

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