Deciding where to invest your capital outside your country always generates many questions. Indeed, you worry about economic fluctuations and securing your wealth in a strong currency.
Brickell, Miami’s financial and residential center
Brickell moved from a simple corporate district to a totally self-sufficient area. Clearly, this major center of business in Miami has consolidated as an ideal meeting point for investment, luxury, and connectivity.
The arrival of large corporations and luxury projects significantly boosted apartment sales in Miami.
Practical aspects for the foreign investor in Brickell
The high rental demand is key, since it offers an opportunity to generate stable passive income.
The apartments in Brickell market present different, clear paths to profitability. Thus, some developments certainly allow short-term rentals like Airbnb, while others focus on traditional longer-term leases.
Prices and expenses for apartments in Brickell
The average price for apartments in Brickell is higher than other Miami areas.
You should consider these important aspects before acquiring a property:
- Sales prices: the final price varies based on the apartment’s features. That is to say, features include the number of rooms, bathrooms, area, terraces, parking, and high-end finishes. Ultimately, you can find options ranging from USD 399,000 to USD 7,399,000.
- Monthly expenses: the condo fees (association fees), property taxes, and insurance directly impact your net profitability. Consequently, you must manage these costs very carefully.
Legal and tax requirements for buying apartments in Brickell
Investors must carefully consider the following important points:
- Financing: mortgage credit options certainly exist for foreigners.
- Taxes: non-residents are subject to the FIRPTA withholding when selling the property. This is the federal tax the buyer applies when acquiring US properties from foreign sellers (Internal Revenue Service, n.d.).
Now then, regarding the specific requirements, authorities usually request these items:
- Passport and visa.
- Banking references.
- Income certification and bank statements.
Features of apartments in Brickell
Brickell distinguishes itself through modern architecture and the services offered by its iconic buildings.
The iconic real estate projects stand out due to these features:
- Strategy: a privileged location near financial and cultural centers.
- Premium services: concierge service, 24/7 security, and resort amenities.
- Design: panoramic views of the bay and the stunning skyline. Designer furnishing options are available.
H2: The best areas and buildings for apartments in Brickell
Investment in Brickell depends on choosing the area that best suits your specific strategy (rent, capital gain, or vacation rental).
- Brickell core (financial center): this area offers long-term rental income due to high executive demand. Consequently, this location is ideal for executives and high-net-worth young professionals.
- Brickell Waterfront (Bayfront): appreciation and rental income result from its privileged location directly facing the bay. In fact, this area is highly sought after by most executives.
- South Brickell (residential area/Riverfront): offers flexibility for short-term rentals in this area. Therefore, this location is ideal for tourists and business travelers. Furthermore, they often allow temporary rental, which is great for strong cash flow.
The support of PFS Realty Group in your investment
Brickell is not simply the financial heart of Miami; rather, it stands as a mature and resilient real estate market offering investors a comprehensive value proposition.
Acquiring apartments in Brickell is a strategic decision that requires comprehensive professional support. Consequently, PFS Realty Group inspires and facilitates real estate investment dreams for most Latin American families.
Finally, we confidently provide the comprehensive service you expect.
References
- La Nación. (2025, April 7). Este es el mejor barrio para vivir en Miami en 2025, según la inteligencia artificial.
- Nuevo Herald. (2023, January 5). ¿Cuál crisis inmobiliaria? ¡Miami quedó entre las mejores ciudades para vivir de la Florida!