Search Listings

Register/Login
Contact Us Now
  • Email Us
  • ID: rossmiami
  • Phone: +1 305 788 1220
 

By Ross Milroy  |  Aug 16, 2016 Paramount Bay  (2010)  2020 N Bayshore Dr #2605  Miami, FL 33137   1,147 SF - 1 bed / 2 bath +den List price $748,000 - Sold price $620,000 ($541 PSF) in June 2016 Seller: David Berg, registered in Toronto, Canada, who purchased the property in September 2011 for $540,000. Buyer: Salama VI, Inc., registered in Roslyn Heights, New York.   Ten Museum Park  (2007) 1040 Biscayne Blvd. #2002 Miami, FL 33132   1,802 SF - 2 bed / 2.5 bath List price $959,000 - Sold price $850,000 ($472 PSF) in May 2016 Seller: Pablo Aycart & Paula Jimenez Giraldo, registered...

By Ross Milroy  |  Jul 20, 2016 In the ongoing battle between Airbnb, hoteliers and municipalities across the country, Los Angeles has finalized a policy decision that will hopefully serve those seeking alternative lodging while pumping much needed tax revenue into local economies. Airbnb will now automatically collect hotel taxes from users of its booking platform and remit them to Los Angeles on behalf of its hosts. Beginning this August, LA will join 190 other cities who have recently agreed to this policy.  While this does not solve the issue of legalizing short-term...

By Ross Milroy  |  Jan 16, 2016 In a city where preservation is dominant and so visibly apparent in the abundance of Art Deco architecture, it’s often hard to see the other side of the coin.  Visitors to Miami Beach notice this when they come back after a 10 year hiatus and realize much of it is the same – it looks the same and even the historic hotel signs like the The Ritz Plaza, The Dilido and Seville adorn hotels, but are actually known as the SLS, Ritz Carlton and...

By Ross Milroy  |  Jun 10, 2016 From multimillion-dollar art installations, to pet concierges, personal plunge pools and helipads, the new construction in Miami is bringing even more over-the-top, extreme luxury amenities. In an effort to stand out amongst the competition, developers are pulling out all the stops to attract wealthy buyers. Miami is currently on the cusp of seeing its first ever billion dollar sell out buildings, and it seems the race is on to be the first. The Porsche Design Tower, slated to open this summer, made international news by...

By Ross Milroy  |  May 11, 2016 If the pre-construction condo sale boom that took place over the past 3-5 years passed you by, it doesn’t necessarily mean you missed out on getting a bargain on a luxury condo in South Florida. Here is how to get a deal on a new luxury condo in Miami. If a potential buyer is willing to do a bit of creative research there are a few little tricks which should help you have the upper hand when looking to strike a deal at...

By Ross Milroy  |  Mar 30, 2016 All resident and non-resident owners of rental property in Miami Beach need to be aware of the following regulations imposed by the Local and State Governing authorities regarding taxation, insurance and licensing requirements. Miami Beach Rental Taxes Florida Sales Tax - If you own residential property in Florida and rent it out for periods of six months or less, you must register with the Florida Department of Revenue to collect and report sales taxes. Florida imposes a six percent (6%) sales tax on rental charges or room...

By Ross Milroy  |  Oct 16, 2015 With all the chatter in the real estate market, emerging market jitters, plus a full pipeline of new Miami condos in the mix, buyers are taking longer to make a decision and have many more options than before. For any buyer, one of the most important considerations is to decide in which neighborhood to invest.   The Ross100 Condo Index tracks the performance of each of one hundred condo buildings in the condo market index. The Ross100 neighborhoods includes Miami Beach, Sunny Isles Beach, Bal Harbour, Midtown/Edgewater, Downtown Miami...

By Ross Milroy  |  Sep 5, 2015 Although foreign buyers are afforded the same rights and privileges as that of U.S. citizens and residents, there are a few mistakes that they commonly make. Mistake #1: FIRPTA - The sale, transfer, gift, or exchange of U.S. real property by a foreign national is subject to a 10 percent withholding tax of the gross purchase price of the property at closing, known as the Foreign Investors Real Property Tax Act or “FIRPTA”. This law is in place to ensure that foreign nationals pay any capital...