What we are seeing in Miami preconstruction, written for the buyers who ask. New notes most days.
Four taxes matter: property tax every year, income tax if you rent, FIRPTA withholding when you sell, and estate tax if you die owning it. The last one is the one to plan for first.
North Beach is the last stretch of Miami Beach that still reads as a neighborhood. Ocean Terrace is the project that decides what it becomes.
Three miles apart on the same barrier island, and two different propositions. The premium buys scarcity and quiet. Sunny Isles offers scale, choice and value. Neither is wrong.
Tax is the headline and the least interesting part. The move is about where capital, time zones, and families now line up.
No. A preconstruction purchase can be reserved, contracted, funded and closed entirely from abroad. Whether to buy without visiting is a different question.
Mexican families are the largest foreign buyer group in Miami preconstruction in many buildings. The structure question is what separates a good purchase from a costly one.
No stamp duty, no leasehold, no chain, and a deposit schedule that will feel unfamiliar. Here is the translation.
Colombians have been buying in Miami for two generations. The questions that matter today are about structure, currency, and the estate, not about whether you can.
Reservation, contract, staged deposits over construction, closing at delivery. Simple in outline. The details are where buyers lose money or sleep.
Yes. Foreign national lending is an established product in Miami. It costs more than a domestic mortgage and it asks for more down, and it almost never funds a preconstruction deposit.
No. Florida has no state income tax. Federal income tax applies everywhere in the United States, and that distinction is the one people get wrong.