Miami Condos and Houses for Sale: Prices, Neighbourhoods and Foreign Buyers

Brickell is the financial district, with glass towers, restaurants and a walkable, urban feel. Downtown and Edgewater have rapidly growing condo clusters. Wynwood is the arts district with street murals and galleries. Coral Gables, with its Mediterranean-revival architecture, and Coconut Grove, a leafy bayfront district, are favourites for single-family homes. Miami Beach is a separate city on the barrier island, with its own market. Little Havana, Flagami and Kendall provide more affordable, family-oriented areas.

Miami International Airport is one of the world's busiest for Latin American traffic. Brightline trains connect Miami with Fort Lauderdale, West Palm Beach and Orlando.

After the 2021 Surfside building collapse, Florida tightened rules on structural inspections and reserves for condo buildings. Older buildings face large special assessments and rising monthly fees, so review the latest milestone inspection and reserve study. Insurance premiums for wind and flood are among the highest in the US, and some lenders require flood cover. Sea-level rise affects planning for coastal property; check elevation and building flood protections.

Foreign buyers have no ownership restrictions and often pay cash, which is common in condo sales. Florida has no state income tax, but non-resident owners should consider US estate tax exposure on US-situs assets above a modest threshold; consult a tax adviser. Our US buying guide, US financing page and US market analysis provide more.

Miami's property tax is moderate, but the real expense for many owners is the monthly condominium fee, which in waterfront towers with valet parking, spas and concierge can run into the thousands of euros a year for a modest unit. Insurance for the unit and flood cover add to the total. Some buildings require a minimum lease length of six months to a year, and many have approval processes for new owners and tenants. Miami Beach and the City of Miami have their own regulations on short stays, so research before relying on holiday-let income.

If you buy as an investor, ask the broker for the building's rent roll and owner-occupier ratio, because lenders and condo rules are tighter in buildings with many investors.

Brickell and Edgewater suit urban professionals who want to walk to restaurants, while Coral Gables and Coconut Grove suit families and those wanting tree-lined streets. Little Havana and Flagami offer lower prices and a strong local culture. Think about commutes along I-95 and the Metrorail, and check the elevation of your target blocks, because even a few feet can matter for flood risk and insurance.

Other markets include Naples, Jacksonville, Las Vegas, Henderson, San Diego, New York and Brooklyn. The United States hub covers the rest, and the mortgage calculator estimates payments.