The Sunshine City is where has become a top destination for the world’s elite and rich chose to invest in their real-estate. With over 10 million transactions in real estate during the 2023 year and over 9 billion of Commercial Real Estate Sold, Miami’s growing prominence makes the city a particularly appealing option, with several unique advantages for investors.
The number of homes that sold for $10 million or more in the second quarter jumped to 27% in Miami. Record deals are being set in the Miami market with Ultra high net worth individuals purchasing homes across the most exclusive neighborhoods in the city.
Miami’s appeal extends beyond its picturesque beaches, tropical climate, and bustling culture. With events such as Art Basel and Miami Open — attracting many to the city. There is no “off season” in a place like Miami.
Why Miami Stands Out Compared to International Markets
- Favorable Tax Environment: One key advantage of investing in Miami over other international markets is its favorable tax policies. While many foreign cities impose high taxes on property ownership and transactions, Miami’s lack of state income tax and overall tax-friendly environment attracts high-net-worth individuals. For global investors seeking to maximize returns, this can lead to substantial long-term benefits.
- Room for Growth: Miami is experiencing a surge in population growth, an expanding tech and finance industry, and continued development in its luxury and commercial real estate sectors. This dynamic environment positions Miami as an emerging global hotspot with room for continued appreciation in property values.
- Access to U.S. Residency: Miami also offers an additional benefit for foreign investors through the EB-5 Immigrant Investor Program. This program requires a minimum investment of $500,000 in a U.S. enterprise, which can include real estate development projects that create jobs for American workers. By investing in Miami real estate, foreign investors can potentially secure U.S. residency, making it an attractive option for those looking to establish a long-term presence in the U.S. while benefiting from property market growth.
4. Location: At the crossroads of North and Latin America further enhancing its appeal, making it a prime location for those looking to establish or expand business operations in the U.S.
So, what are the exclusive neighborhoods that attract investors mega investors to the Miami Market?
Fisher Island:
Fisher Island is a luxurious private island community just off the coast of Miami Beach, accessible only by ferry or private yacht. Known for its exclusivity, it features stunning waterfront condos, oceanfront estates, and high-end amenities, including a private beach, golf course, tennis courts, and fine dining options
The ultimate luxury living experience that redefines opulence and sophistication on the island is the Residences at Six Fisher Island, their newest and most awaited project. Where world-class architecture, innovative design, and meticulous attention to detail harmonize to create a sanctuary of timeless elegance, with designs brought to life by the award-winning firm Kobi Karp Architects and the visionary creativity of Tara Bernerd and Partners. The blend of Miami style with elegant tropical details will make this 50 residence define sophistication.
Star island:
Star Island is an exclusive, gated community in Biscayne Bay, just off Miami Beach, renowned for its luxurious waterfront homes and high-profile residents. With stunning views of the Miami skyline and Biscayne Bay, the island offers a high level of privacy and security.
Home to Kenneth C. Griffin, a billionaire hedge-fund manager who just sold one of his waterfront estates for a record $106.875 million.
Sunny Isles Beach:
Renowned for its breathtaking oceanfront views, Sunny Isles offers a blend of luxury condos and a welcoming, family-friendly atmosphere. However, the crown jewel of this vibrant community is the newest pre-construction development, The St. Regis Residences, the pinnacle of refined living. Designed to harmonize with the signature St. Regis service, each residence is meticulously crafted to capture the natural beauty of its surroundings, while personalized services elevate everyday living into an extraordinary experience. At The St. Regis Residences, every moment is thoughtfully designed to inspire, delight, and indulge, delivering a lifestyle unlike any other.
If you’re looking for a real estate agent in Miami, I encourage you to contact Brosda & Bentley Realtors. We’re here to help you find your dream home and make your life in Miami an unforgettable experience.
💎 Visit our Website: brosdaandbentley.com
📞 Contact Us: (305) 788–9393
