Investing long-term in Miami, FL (Duplex or Condo)

[Joey B.]

Hello beautiful people of BP! I need some advice and insight. 

My main question is for condo-purchasing: If I purchase a condo in let's say Brickell or Wynwood, could I say it is more likely to rise in value long-term (15-20 yrs) vs. a duplex in Miami shores?

I have been living and renting in many different areas of Miami for the past 7 years and officially committing to purchasing a property somewhere in the area. I am looking to invest ideally south of North Miami (which includes Miami Shores / Biscayne Park), North of Coral Way (which includes Brickell / Downtown Miami) and East of Allapattah (which includes Wynwood and Midtown). 

I have been pre-approved for an FHA loan of 3.5% up to $515,250 for a duplex (looking for at least a 4bd/2ba), and based on HOA fees, I've been approved for about $450,000 for a condo (looking for at least a 1bd/1ba).

My plan for the long-term is to own the property for at least 15-20 years. Short-term is to move into the space by January 2022 (as my lease ends then) and live there for at least 1-2 years.

If I get the duplex, I would house-hack until it was my time to move somewhere else and rent both spaces within the duplex. If I get the condo, I would just rent it out after my departure in 1-2 years

Thanks in advance for reading and for any advice or insight you may offer to my situation and/or question above!

-J