The proposed overall millage rate in the City of Miami, used to calculate property tax bills, will remain unchanged for the fiscal year that begins Oct. 1.
Fed up with burdensome taxes, a New York businessman is set to relocate to Miami after buying a St. Regis Bal Harbour condo for $6.5 million.
Keller Williams Coral Gables real estate agent Michael Light announced the all-cash transaction in a written statement released Thursday. Light did not disclose the buyer’s identity. The buyer is expected to move his entire company from New York City to downtown Miami.
The three-bedroom, three-and-a-half-bathroom condo totals 3,884 square feet.
“Over the last five years, 90 percent of the real estate clients I have worked with are relocating to Miami,” Light said. “These individuals understand not only the value of properties in South Florida, but also the value of Florida’s tax laws.”
Source: The Real Deal
Ven-American Real Estate, Inc. established in 1991, is a full service commercial and residential real estate firm offering brokerage and property management services.
Ven-American Real Estate, Inc.
2401 SW 145th Avenue, Ste 407
Miramar, FL 33027
Brokerage & Property Management Services