Quiet: The Ultimate Luxury

Money can buy you almost anything in the world, from the latest designer fashion wear to the fastest sports car known to man, but is one of the things people most desire and struggle to find? Increased private space, i.e. quiet.

 

Quiet is now among the world’s most precious commodities in the luxury market as well as in the world in general. Communities that offer privacy and “quiet,” while still being in the heart of a major city are rare, but still do exist. In Miami, an example of such a prized community is Gables Estates. Surrounded by oak trees and located directly on Biscayne Bay, this extravagant community is one of the most exclusive in the world. It consists of 164 homes, situated on spacious acre plus lots and offers residents luxurious amenities, including 24-hour security, deep water docks with no bridges to the bay and almost immediate access to the Gulfstream, Bahamas and beyond. Residents of Gables Estates maintain a luxurious and tranquil lifestyle, while living minutes away from the trendy restaurants of Miami’s Design District, the sandy beaches of Miami Beach, the upscale shopping of Merrick Park and Bal Harbour. It is also ideally and conveniently located only a few minutes from Miami International Airport.

 

The Miami Real Estate team is equipped with the hard-to-acquire attributes and connections that will find you the personal quiet oasis of your dreams. Contact us to learn more about our centrally located, but away from the “bustle” listings.

Florida Ranks High in the Nation in Homes that are “Equity Rich”

Buying a home is a significant investment and the benefits of that investment depend largely on the property’s equity. In addition to tax benefits, individuals who invest in property in Florida may also benefit from building equity relatively quickly. When a property owner is deemed “equity rich,” it means that he or she has at least 50 percent equity in the home based on the home’s estimated market value.

Nearly a Quarter of all Homeowners in Florida Qualify as “Equity Rich”

Florida ranks 12th in the country for homes that are “equity rich,” with 24.6 percent of all Florida property owners fitting this category at the end of March 2018, according to ATTOM Data Solutions. This is great news for anyone who wants to purchase property in Florida, especially as a long-term investment, because market values overall are rising, which increases the value of homes and owner equity over time. Even as market cycles change, there is tremendous investment value in purchasing property in South Florida.

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.

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.