Miami Dossierby Metrik WhatsApp the Desk
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How does a cash buyer go from offer to recording on a Brickell condo?

For the buyer paying cash for a new Brickell home, often from abroad, who wants the whole path from the first signature to the recorded deed before sending a single wire.

This page explains. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.

The short answer

A cash purchase of a new Brickell condo runs in six steps: a reservation, a purchase agreement with a 15 day window to cancel, deposits paid into escrow on the developer's schedule, the wait while the tower is built, a closing where the balance is wired to the title agent, and the recording of your deed in the county's official records. Paying cash removes the lender, not the paperwork. Source of funds, the way you hold title and how you sign from abroad decide most of the timing.

Step one: reservation and contract

Most Brickell developers begin with a reservation agreement and a reservation deposit. A reservation holds a line while you read the documents; read its terms on refund and on how long it holds.

The purchase agreement is the real commitment. When you buy from a developer, section 718.503 of the Florida Statutes gives you 15 days after signing and receiving the required condominium documents to cancel. Use those days to have counsel read the declaration, the budget and the deposit schedule, not to admire the renderings.

Each tower files its offering with the state. ORA by Casa Tua's fact sheet, for example, names its filing as file CP24-0079. Our page on what to ask a sales team lists what to request before signing, and how buying pre-construction in Miami works gives the general sequence.

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Step two: deposits, and where they sit

A cash buyer pays the same deposit schedule as anyone else; the developer sets it, and it is stated in the purchase agreement. The money goes to an escrow agent named in the contract, not into the developer's operating account.

Florida law, in section 718.202, requires the developer to hold deposits up to 10 percent of the price in escrow. Amounts above 10 percent can be used for construction if the contract allows it. Read that clause, because it changes what is at risk if the project stalls. Our pages on where your deposit actually sits and what happens if a project is not built cover both cases.

For the three Brickell towers on our file, the schedules sit in the developer toolkits the desk holds: see the Cipriani deposit schedule and the ORA deposit schedule.

Step three: the wires, and source of funds

Every wire from abroad meets the bank's questions. The escrow agent and the receiving bank will ask where the money came from, and an unexplained transfer can be held for days. Prepare the paper trail before the first deposit: bank statements, the sale or income that produced the funds, and the account the wire leaves from. Our pages on source of funds documentation, moving funds to a Florida escrow account and why international wires get held list what each party asks for.

Decide how you will hold title before the first deposit, too. A personal name, an LLC or a trust changes who signs, what the title agent reports and what counsel drafts; see LLC, trust or personal name. Federal rules may require the closing agent to report the people behind an entity or trust that buys without a loan; which rule applies on your closing date is a question for counsel.

Step four: the wait, then the closing notice

Construction is the long part. Cipriani Residences Miami topped off in July 2026 and gives summer 2027 for delivery, per the developer. 619 Brickell by Nobu and ORA have no delivery date in the material on our file. Read the outside completion date in the contract; our page on what happens if a developer delivers late explains it.

When the building can close, the developer sends a closing notice with a date. The title agent issues a title commitment, prepares the closing statement and tells you the balance to wire. You inspect the home before closing and list what must be finished.

Step five: closing from abroad, and recording

You do not need to fly in to close. Florida permits remote online notarization, and a power of attorney is another route; your counsel chooses which fits your country and your title structure. Our note on whether you need to be in Miami to buy explains the options.

At closing, the balance is wired to the title agent, the developer signs the deed and the title agent records it in the official records of Miami-Dade County. The owner's title insurance policy follows. The recorded deed is the end of the purchase and the first page of your ownership file. Our page on what closing actually costs lists the costs that appear on the statement. A buyer who will borrow should read the financed version of this path.

The desk walks a cash buyer through this sequence for the tower they choose, with the developer's schedule, the escrow agent's details and the documents counsel will need, in that order. See the Nobu dossier and our Brickell zone page.

The Shift

What the desk holds on Brickell

Contact the desk at Miami Dossier for the current plans, pricing and availability as the developer releases them, discussed one to one.

The plans by line, and which lines are left. The developer’s current release, not the brochure’s.
The deposit schedule. Proportions, trigger dates, and where the money sits.
What the sales gallery will not volunteer. The view lines that close, the floors that trade first, the association budget.
Where we would not proceed. Sometimes the answer is a different building. Sometimes it is not yet.

WhatsApp the desk · 305.588.4547·[email protected]

Common Questions

Questions buyers ask

How long does a cash purchase of a new Brickell condo take?
The paperwork takes weeks; the building takes as long as construction. Contract, cancellation window and first deposits fit in about a month. Closing waits for delivery, which Cipriani Residences Miami gives as summer 2027. Read the outside completion date in the contract.
Can I cancel a Brickell pre-construction contract?
When you buy from a developer, section 718.503 of the Florida Statutes gives you 15 days after signing and receiving the required documents to cancel. After that window, the contract governs. Counsel reads the documents inside those days.Read the full answer
Where is my deposit held when I buy pre-construction?
With the escrow agent named in the purchase agreement. Florida law requires deposits up to 10 percent of the price to stay in escrow; amounts above that can be used for construction if the contract allows it. Read that clause before you wire.Read the full answer
Do I need a US bank account to buy a Brickell condo with cash?
Not always to buy, since you can wire from abroad to the escrow agent. Many owners open one later to pay association fees, taxes and bills. Expect the sending and receiving banks to ask about the source of the funds.
What documents prove my source of funds?
Bank statements for the sending account, and the records of how the money was earned or received: a business sale, a dividend, a salary or an inheritance. Prepare them before the first deposit so the escrow agent and the banks do not hold the wire.Read the full answer
Can I close on a Miami condo without travelling?
Yes. Florida permits remote online notarization, and a power of attorney is another route. Counsel chooses the method that fits your country, your bank and the way you hold title. The title agent confirms what it will accept.
Who records the deed in Brickell?
The title agent records the deed in the official records of Miami-Dade County after closing. The owner's title insurance policy is issued after that. Keep both in your ownership file.
Does paying cash mean I skip the title search?
No. The title agent still searches title, issues a commitment and clears what it lists before closing. A cash buyer usually buys an owner's title insurance policy as well, which protects the ownership you paid for.
Should I buy a Brickell condo in my own name or through an LLC?
That depends on your country, your heirs and your privacy needs. Each route changes who signs, what is reported and the taxes. Our page on LLC, trust or personal name sets out the differences; your counsel decides.Read the full answer
Is anything reported when I pay cash for a Miami condo?
Possibly. Federal rules may require the closing agent to report the people behind an entity or trust buying without a loan. Which rule applies depends on the date and the structure. Ask counsel before choosing how to hold title.
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Before You Act On Any Of This

Before you act on any of this

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. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.

WhatsApp the desk · 305.588.4547·[email protected]

Who answers this page

Metrik Real Estate is a Miami real estate company built around one idea: the buyer gets their own team. Miami Dossier is its private buyer advisory for new construction.

A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.

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