Updated
Guides to buying in Miami
Short answers to what people ask when buying in Miami from another country or another state. Every figure links to its source: Florida law, the IRS, the Census or MIAMI REALTORS®.
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Buying from another country
- Buying in Miami from another country49% of South Florida new construction was bought by international buyers
- Buying in Miami from Colombia15% of Florida foreign buyer purchases are made by Colombians
- Closing remotely2 witnesses for the deed
- Mortgages for foreign buyers7.03% average U.S. 30-year rate, Sep 24, 2026
- FIRPTA: selling as a foreigner15% general withholding on the sale price
Buying a condo
- Closing costs in Miami$0.60 per $100 of price: deed stamps in Miami-Dade
- How much is a condo in Miami?$408,000 median Miami-Dade condo, August 2026
- Condo fees and special assessmentsDec 31, 2024 budgets from this date can't waive structural reserves
- Florida's condo safety law30 years first milestone inspection of the building
- The condo documents7 business days to cancel a resale after receiving the documents
- Buying pre-construction15 days to cancel a contract with the developer
- Pre-construction deposits10% of the price stays in escrow
- Flood risk and insuranceIn writing flood disclosure before the contract is signed
I want to rent it out
- Rules for short-term rentals3 times a year for under 30 days: it's a vacation rental
- Short-term rental taxes6% state tax on rentals of up to 6 months
- Rent or buy?$3,124 median monthly gross rent in 33131 (Brickell)
Moving to Miami
- Property tax and homestead$25,000 base homestead exemption
- Moving to Miami from another state0% state personal income tax in Florida
Choosing an area
- Brickell, Edgewater or Downtown$3,124 median rent in Brickell (33131)
- Broward or Miami-Dade$257,500 median Broward condo, August 2026
- Palm Beach for buyers$300,000 median Palm Beach condo, August 2026
Pre-construction projects in Brickell, Downtown and Edgewater →
Carolina's listings
For sale · Land
$560,000
7601 E Treasure Dr, North Bay Village 33141
For sale · Condo
$1,125,000
801 S Miami Ave Unit 3304, Miami 33130
3 bd · 3 ba
For sale · House
$1,059,000
5830 NE 14th Rd, Fort Lauderdale 33334
4 bd · 3 ba
For rent · Apartment
$2,500/mo
1548 NE 131st Ln #1550, Miami 33161
2 bd · 1 ba
Her active listings on Zillow, read Sep 30, 2026. Text only: status and photos live on Zillow, which is authoritative. zillow.com/profile/carosellsmiami