Aerial view of Miami skyline and bay—boats, parks and glass towers; leading market for luxury and ultra luxury condos, offering preconstruction and resale.
Aerial view of Miami skyline and bay—boats, parks and glass towers; leading market for luxury and ultra luxury condos, offering preconstruction and resale.

FIRPTA Explained for Miami Luxury Property Owners

FIRPTA Explained for Miami Luxury Property Owners offers a clear, practical overview of how the United States Foreign Investment in Real Property Tax Act affects high value transactions when a foreign seller exits a Miami condominium or estate. The guide outlines who is treated as a foreign person, how the standard 15 percent withholding works at closing, how ownership structures interact with FIRPTA, and what strategies can improve cash flow while remaining compliant, so international families can plan their next move with confidence.

Waldorf Astoria Residences Miami, Downtown sunset pool with cityscape—statement amenities for luxury and ultra luxury condos; preconstruction.
Waldorf Astoria Residences Miami, Downtown sunset pool with cityscape—statement amenities for luxury and ultra luxury condos; preconstruction.

Okan Tower vs. Waldorf Astoria Residences: Miami's Supertall Luxury Showdown

For Miami buyers, Okan Tower and Waldorf Astoria Residences Downtown Miami represent a new class of supertall, hotel serviced condominiums in the urban core. This editorial compares their architecture, amenity programs, services and ownership structures so you can understand how each tower lives day to day and which address better matches your lifestyle, privacy expectations and long term Investment goals.

Waldorf Astoria Residences Miami, Downtown infinity pool on the skyscraper podium—resort amenities for luxury and ultra luxury condos; preconstruction.
Waldorf Astoria Residences Miami, Downtown infinity pool on the skyscraper podium—resort amenities for luxury and ultra luxury condos; preconstruction.

Inside Miami's Supertall Era: What Waldorf Astoria Residences Means for Downtown Buyers

Miami's first true supertall, Waldorf Astoria Residences Miami, is reshaping Downtown into a global residential address. Rising to an anticipated 1,049 feet and 100 stories on Biscayne Bay, the tower pairs Waldorf Astoria hotel service with fully owned residences, delivering rare height, curated amenities and bayfront views. For globally mobile buyers comparing beachfront enclaves with the urban core, it defines a new, Investment focused way to live above Miami's cultural and business center.

About Us

MILLION is a luxury real estate boutique specializing in South Florida's most exclusive properties. We serve discerning clients with discretion, personalized service, and the refined excellence that defines modern luxury.