Florida Continues to be a Low Tax Business-Friendly State

One of the many perks of living in Florida, and one that brings people to South Florida to invest in real estate, is the favorable state tax laws. With the second lowest tax burden on personal income in the country, Florida proves to be a prime destination for high earners and investors.

Income Advantages

Florida is one of seven states without a personal income tax, which is a major financial advantage. According to the Florida TaxWatch 2018 report, Florida per capita state and local revenue collections total $5,679, ranked 42nd of the 50 states.

Business-Friendly Tax Laws

The state is also friendly to business owners who choose to make Florida their home. Since 2011, 75 percent of Florida businesses were exempted from corporate income tax, which has saved these businesses $50 million a year. This puts the money directly back into business owners’ pockets, which can then be used to invest in real estate to further boost income and total asset value.

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.

 

 

Hottest Home Resort-Style Features This Summer

Here in South Florida, we are lucky enough to live in a paradise that feels like a place many in the world only see on vacation. This wonderful feeling translates into how we can design our homes to feel more like a resort than merely just a dwelling. In fact, resort-style living can be an everyday reality for luxury homeowners in Miami.

From indoor resort features such as spa bathrooms and wine tasting rooms to outdoor features such as stunning infinity pools that disappear into the ocean, or tropical Zen gardens that make you feel relaxed and worlds away, the luxury amenities accessible to Miami homeowners are endless. Relax with us as we go through five must-have resort-style features for your Miami luxury home.

Resort-Style Pools

It’s no secret that it gets hot in Miami, and the best way to cool down is in a luxurious resort-style pool. From endless infinity pools and infinity spas with waterfront views to Olympic-sized lap pools, every luxury home in Miami should have a beautiful pool to lounge by and enjoy.

Sports Courts and Indoor Gyms

Year-round warm weather means that you can play tennis and shoot some hoops from January to December. Therefore, make the best of your luxury property by including your favorite sports court for the whole family to enjoy. Whether you enjoy indoor bowling or practicing on your very own backyard putting green, create the active resort-style life you would most enjoy.

Include a yoga studio or Pilates bar in an indoor gym for extra stretching and toning. With many styles of luxury gym equipment to choose from, there’s no excuse to have anything less than what inspires you the most to hit the weights in your resort-style gym.

Wine Tasting Room

For those who love to entertain or enjoy spending time at the wineries of Napa, try including a wine cellar and tasting room in your luxury home. An entertaining and innovative room in the home, wine cellars and tasting rooms can provide a unique feature to your already beautiful home. From traditional brick to sleek and modern, wine tasting rooms range in design, but all cellars create an atmosphere of sophistication that will only enhance the resort feel of your home.

Spa Bathrooms

Who doesn’t love a day at the spa? With your very own spa amenities, you can have a day at the spa each and every time you enter your bathroom. From rainfall showers to waterfall jets, steam rooms and towel warmers, your very own luxurious spa bathroom is a perfect addition to your resort-style home.

Outdoor Amenities and Waterfront Views

Of course, the ultimate resort-style feature of a Miami luxury home is a waterfront view. Some of the homes in South Florida have internationally enviable views of skyline cityscapes and stunning blue ocean and bay. With such incredible views, you’ll need additional features to complement them. This is where you should consider large outdoor entertaining spaces with grills and private cabanas, or even a beautiful garden that will wow guests with its tropical colors and creative landscaping. Enhancing your outdoors space to resemble a resort should be on the top of the list of any Miami luxury homeowner.

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.

 

References:

THE TOP 10 AMENITIES LUXURY HOME BUYERS ARE SEARCHING FOR. (n.d.). Retrieved from http://www.pritchettrapf.com/the-top-10-amenities-luxury-home-buyers-are-searching-for/

 

 

Miami’s Luxury Home Sales Up 24% in May

Gables Estates Home For Sale 515 Casurina

As the summer heats up, luxury homes in Miami continue to be a hot commodity. According to a report released by the Miami Association of Realtors, the total luxury sales ($1 million and above) were up 24 percent year-over-year in May 2018. Luxury condo sales boasted the largest increase with a 58.6 percent gain. Notably, both luxury single-family and condo properties sales have increased year-over-year in four of the last five months.

Savvy investors know that Miami offers a multitude of benefits in both lifestyle and financial gains, which is why the city continues to draw high-end buyers locally, nationally, and abroad. International buyers in particular have a history of a strong interest in our real estate market with no signs of slowing down as the city continues to develop and flourish.

Even as property values remain relatively steady, Miami is still competitively priced when compared to other major metropolitan areas. Combine that with low mortgage rates and tax advantages afforded by being a Florida resident, affluent buyers are more interested in the Miami area than ever before. If you are considering selling your luxury property, there may be no better time than the present to list it.

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.