Hibiscus, Star or Palm Islands waterfront homes on Biscayne Bay in Miami—guard‑gated enclave near luxury and ultra luxury condos; premium resale market.
Hibiscus, Star or Palm Islands waterfront homes on Biscayne Bay in Miami—guard‑gated enclave near luxury and ultra luxury condos; premium resale market.

Florida Tax Residency Essentials for New Luxury Homeowners - Legal Overview

For affluent buyers relocating from high-tax states, Florida offers a rare combination of lifestyle and structural tax advantages: no state income tax, no estate or inheritance tax, and powerful homestead protections. This legal overview explains how those benefits work in practice for new luxury homeowners, from property tax relief and asset protection to favorable treatment of investment portfolios. It then walks through the concrete steps required to establish Florida domicile and unwind ties to your former state, helping you reduce audit risk and avoid dual taxation.

Why International Buyers Choose Miami for Ultra-Luxury Properties
Why International Buyers Choose Miami for Ultra-Luxury Properties

Why International Buyers Choose Miami for Ultra-Luxury Properties

Miami stands out to international buyers for a rare blend of dollar stability, tax efficiency, and world-class services layered onto oceanfront living. Direct air links, multilingual culture, and strong property rights simplify both use and ownership. This guide shows how global families evaluate neighborhoods and branded towers, from Brickell’s business core to Sunny Isles’ beach clubs and Fisher Island’s privacy—alongside title structures, financing options, and day-to-day cadence. Use it to align schools, healthcare, marina access, and resale confidence with a home that works across borders today and over time.

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.