Miami is one of the most popular real estate markets for international buyers. No state income tax, no restrictions on foreign ownership, strong property rights. Here is everything you need to know about buying a condo in Miami as a foreigner.
Can Foreigners Buy Property?
Yes, without any restrictions. No green card, visa, or SSN required. Purchase in your name, through a U.S. LLC, or foreign entity.
Financing Options
Foreign national loans available: 30-50% down, rates 1-2 points above conventional. Many pay cash, especially for pre-construction with staged deposits.
FIRPTA
Up to 15% withholding when selling. Can be reduced with proper tax planning. Work with a cross-border tax attorney.
The Purchase Process
Same steps as domestic: identify property, make offer, execute contract, due diligence, close at title company. Can be completed remotely with power of attorney. For pre-construction: reservation agreement, staged deposits, closing at delivery.
Ongoing Costs
Property taxes (1.8-2.2% of assessed value), HOA fees ($0.60-$1.50/sqft monthly), insurance, and federal income tax on rental income. No state income tax.
Contact me in English, French, or Spanish.
Julien Drieu | Founder, Luxe Miami Realty
LUXE MIAMI REALTY
Interested in Miami Luxury Real Estate?
Whether you're buying, selling, or investing in Miami's luxury market — Julien Drieu delivers expert guidance, global reach, and white-glove service.
Contact Julien
Join The Discussion