Most buyers of new Miami towers do not live in Miami. At Banyan Tree Residences the purchase works the same from anywhere; what changes is the paperwork around the money and the title.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Deposits are wired to the escrow agent named in the contract in US dollars; the developer never takes cash and the escrow agent will ask for the source of funds under US rules. A buyer abroad opens or uses a US-dollar account early, because the first deposit is usually due within days of signing.
Banyan Tree Residences: The deposit schedule is held by the desk and read with you before contract.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
A non-resident may hold a Florida residence personally, through a trust, or through a company, domestic or foreign. Each changes the estate-tax exposure, the income-tax treatment of rent, and the FIRPTA withholding at sale, which takes a percentage of the gross price at closing unless an exemption applies. These are structuring questions; the desk introduces counsel and an accountant before contract, not after.
Banyan Tree Residences: 88 private residences plus a penthouse collection: one- to four-bedroom corner residences with wraparound terraces, 10-foot ceilings, floor-to-ceiling impact glass, direct elevator entry in most; Yabu Pushelberg kitchens with Sub-Zero and Wolf; primary baths with rain shower and sculptural freestanding tubs.
Contracts, disclosures and closing documents are signed remotely; notarization follows US rules for documents executed abroad. Many buyers visit once, at the sales gallery or at delivery; some never do. The desk walks the site, films the view line, and reads the documents with you by video.
Banyan Tree Residences: 400 Hibiscus Street, West Palm Beach, FL 33401; downtown, moments from the Intracoastal Waterway, near Worth Avenue, CityPlace and Royal Poinciana Plaza.
Which structure should I ask counsel about before I sign, and what will the escrow agent need from me? The desk knows the answers for this building and introduces the advisers.
The ocean is the same from any passport. The paperwork is not.
Developer materials for Banyan Tree Residences as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Samuel Strauch is the owner of Metrik Real Estate. His team of agents represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
