Floor size: 2,050 sqft Rarely available floor plan. Marble floors except carpet in bedrooms. Foyer, laundry room. Appliances were recently replaced. 2 assigned covered parking spaces on same floor. Storage. Building features pool, gym, 2 party room, tennis court, pool deck, pool & beach cabanas, valet & lobby services 24/7, beach service. Ok to lease minimum 2 months as per condo assoc. Condo approval required.
HOA Fee: $975/mo
Est. Mortgage: $5,551/mo
Paradise-like climate and living – it’s here. Miami, the most desired city of the southern state of Florida, is a leader in all possible appeal ratings for foreign investments in real estate. After the U.S. financial crisis in 2008, local real estate market recovered the fastest, and it has been growing in terms of house and apartment prices since then.
More than half of foreigners buy accommodation here with further plans to stay. A lot of them believe that real estate in Florida is a secure investment that protects their capital.
The market is very attractive for investors for several reasons. First, it has one of the lowest mortgage rates in the United States. The state of Florida also charges no income tax, and Miami itself is the third most popular American city, which guarantees stable rent income for real estate owners.
Investors from CIS countries are one of the leading groups among real estate buyers in Miami. Local Russian-speaking community is very large, making business or moving to the city less problematic than to other states.