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Esales Property LimitedIn the Global.Properties catalogue, you’ll discover over 16 listings tailored to foreign investors seeking property for sale in Miami. Whether your interest lies in apartments, houses or townhouses, you’ll find a diverse range of options in this sought-after resort city. Our service publishes listings exclusively from reputable estate agencies and developers.
- To acquire an apartment or villa, utilise our user-friendly search form or explore the advanced filter options;
- Browse properties on the map and organise them by price, number of bedrooms and other specifications;
- For added convenience, quick links are provided at the bottom of the page, offering common filter combinations like “by the sea,” “front line” and more. Additionally, curated collections of properties categorised by location and type are available.
- To help buyers from various countries in gauging property market trends in Florida, our website includes a currency converter. This tool enables you to view the cost of real estate in Miami in dollars, euros and other national currencies.
Real estate prices in Miami vary based on numerous factors, including property type, proximity to the sea and downtown, quality of finishes, construction year and more.
- Minimum price: USD 850000.
- Maximum price: USD 50 million.
- Minimum area: m².
- Maximum area: 2,583 m².
Purchasing a house or apartment in Florida does not grant residency in the United States. However, home buyers seeking long-term residency options can explore other avenues, such as starting a business or investing in a local company.
If you’re considering real estate in Miami, Florida, the city boasts numerous neighbourhoods that offer exceptional living experiences. These include:
- Brickell: Renowned as the city’s financial hub, Brickell features an array of high-rise complexes, office buildings, restaurants, bars and shops. It’s an ideal choice for young professionals and those craving an urban lifestyle with convenient access to work and leisure;
- Miami Beach: A world-class resort destination renowned for its pristine beaches, historic Art Deco buildings, vibrant restaurants and nightlife. It entices with its cultural events, festivals and the opportunity to reside within walking distance of the ocean;
- Wynwood: This neighbourhood is celebrated for its outdoor art galleries, murals, art studios and creative ambience. It attracts artists, designers and individuals seeking a residential enclave with a thriving cultural scene and distinctive flair;
- Coral Gables: A sought-after community distinguished by its verdant boulevards and historic Mediterranean-style architecture. Coral Gables offers prestigious schools, upscale shopping malls and golf clubs, catering to families and those desiring a laid-back lifestyle with elevated comfort;
- 5. Coconut Grove: Among the city’s oldest neighbourhoods, Coconut Grove features lush green streets, historic properties, and a vibrant cultural scene. Parks, yacht clubs, and art galleries abound, making it a preferred destination for those valuing tranquillity and nature while still enjoying the conveniences of urban living.
Real estate in Miami
Situated in southeastern Florida, the city stands as both a premier tourist destination and an international business hub, rendering it a coveted residential investment locale. Prospective buyers are presented with a diverse array of options, ranging from contemporary urban apartments to opulent seaside mansions. Foreign investors enjoy the freedom to acquire apartments and villas in Florida without restrictions or the need for additional permits.
As per state regulations, during the conclusion of a transaction, the seller assumes responsibility for the real estate sales tax and the documentary stamp tax. Additionally, they are required to settle any outstanding debts on utility bills and loans before the contract is executed. Conversely, the buyer is responsible for covering expenses related to the legal registration of the transaction and associated paperwork.
Foreign owners of real estate in Florida are not subject to additional taxes. However, like any property owner, they are liable for the standard annual property tax, due in November and typically representing approximately 2% of the property’s assessed value.
Funding for property purchases can be sourced from personal funds or through credit. American financial institutions extend specialised mortgages tailored to foreign nationals, typically requiring a 30% down payment and offering loan terms of up to 30 years.
Reasons for investing in real estate in Miami
Key advantages of investing in property in Miami include:
- Consistent Growth: The local real estate market has witnessed a steady increase in prices for houses and apartments over the past 12 years. In February 2024 alone, total home sales surged by 0.8%, with the median price of a single-family home soaring by 17.1% year-over-year;
- Favourable Economic Climate: Miami boasts a low unemployment rate of 1.9% and a high median household income of USD 54,858, creating a conducive economic environment for investment activities;
- Strong Rental Demand: With a price-to-rent ratio of 13.47, indicative of robust rental demand, there’s significant potential for profitable returns on investment real estate in Miami;
- Strategic Location: The city’s strategic positioning as a gateway to Latin America, coupled with its status as a prominent finance, commerce and international trade hub, significantly enhances its appeal to investors in search of diverse opportunities.
Buying real estate in Miami
Global.Properties boasts a comprehensive selection of real estate in Miami for investment and living, curated from trusted sellers. With offerings tailored to various preferences and investment strategies, users can easily identify properties that align with their requirements. The platform features an intuitive interface and detailed filters, enabling users to narrow down options based on criteria such as budget, location, bedrooms, area and amenities. This streamlines the search process, making it more efficient and effective.
Moreover, the portal aids in making informed decisions. Its collection of articles highlighting key market trends and current financial analytics empowers buyers with valuable insights, guiding them to make knowledgeable investment choices.