Category Archives: miami beach luxury real estate

New Tax Laws Draw Wall Street To Florida

Florida’s new tax laws are successfully enticing Wall Street hotshots along with their businesses.

As recently published in Bloomberg, the Sunshine State’s relatively low property taxes and no state income tax make South Florida an ideal place to both own property and operate their businesses compared to many other wealthy states.

A record number of people from these other states are already moving to Florida, and founders of private equity firms are moving both their primary residences and businesses here as well.

Most notably, the two founders of I Squared Capital, Sadek Wahba and Adil Rahmathulla, are relocating to Miami from New York, and their private equity firm plans to establish an office in Miami later this year. Additionally, Starwood Capital has also said they will relocate their headquarters from Connecticut to Florida by 2021.

Relocating to Miami is a big win for the investment crowd with promises of warm weather and zero state income taxes. Florida officials are banking on the new law being the final push to rebrand Miami as “Wall Street South” and Palm Beach as “Hedge Fund South.”

If you’re looking to move to Florida to take advantage of the New Tax Law, please reach out! I’d love to help guide you on your next real estate adventure. Please don’t hesitate to reach out for more information.

With more than 16 years of success selling South Florida area real estate, Anna Sherrill is both respected and sought after by clients who trust her ability to maximize their purchase or sale experience. If you’re considering buying or selling an extraordinary residence, contact her today.

 

 

 

L’ATELIER PENTHOUSE PURCHASED BY KAYAK EXECUTIVE STEVE HAFNER

L’ATELIER PENTHOUSE PURCHASED BY KAYAK EXECUTIVE STEVE HAFNER

Steve Hafner, chief executive of Kayak Software Group, is in contract to buy the penthouse at L’Atelier in northern Miami Beach. L’Atelier is a ONE Sotheby’s International exclusive development slated for completion in the third quarter of 2018. Sales launched in 2015 and to date the building is 87 percent sold. Hafner bought the unit…Continue Reading

The Best of Concierge Service on Miami Beach

The WSJ’s Mansion Global recently did a spotlight on the luxury offerings that top Miami Beach residences can offer and Louver House was featured as the prime example. The piece titled “Concierge Service Brings Miami’s High-End Homebuyers Straight to the Beach” focuses on efforts by condo developers to offer beach service that provides the next…Continue Reading

Anna Sherrill Spotlight: US Mortgages and Foreign Buyers

Global turmoil and economic instability has led foreign buyers to find unique ways of safeguarding their money. Many have determined US real estate to be the ideal safe space but buyers have to be more savvy than ever, especially as foreigners face rising US home prices and a strong dollar. In the past overseas buyers…Continue Reading

MID YEAR TRENDS REPORT – Single Family Home Data

My firm has culled through all the data fit to print and has released a mid-year review on Miami’s luxury single family home category. The state of the market shows a residential shift noting a transition that allows buyers a greater selection of inventory and at time – increased negotiating power over sellers. The transition…Continue Reading

July A Team Update: Exclusive Brazilian Broker’s Networker Recap

In the last week of July, my partner Alan Arujo and I hosted a fabulous event sponsored by L’Atelier. Our group included about 20 well regarded Brazilian brokers of UHNW clients at Milo’s in the South of Fifth neighborhood (photos below). Brazilians traditionally love so much about what Miami Beach can offer: waterfront living, high…Continue Reading

South of Spice 2016 – Sponsored by Louver House

Summer temperatures may be hot in Miami Beach, but nothing compares to the heated buzz surrounding South of Fifth’s neighborhood foodie scene. Enter the 2nd annual South of Spice event. From 6PM-10PM, on Tuesday July 26th enjoy a delicious food/beverage tour thru the iconic community. Not only is my firm involved in this evening, but…Continue Reading

The Surf Club Four Seasons – Development Update

Over the last couple years, developers have been transforming the Surfside landscape with some of the most expensive luxury projects in South Florida. Ahead of the crowd and closest to completion is The Surf Club Four Seasons. This is a redeveloped landmark hotel & condo project by Fort Partners in partnership with Pritzker Prize winning…Continue Reading

Anna’s Recos: July 4th In Miami Beach

The City of Miami Beach Fourth of July celebration is a killer holiday option every year. “Fire on the Fourth” kicks off with some zen  courtesy of Green Monkey Yoga on the Beach at 9 a.m. Patriotic food trucks will open for business at 11 a.m. to fuel your day in the sun and a…Continue Reading

Louver House – Always at the Forefront of Luxury

On this Waterfront Wednesday, I feel it’s appropriate to share news about brand new amenities offered for Louver House residents. The luxury South of Fifth development has brokered a partnership with the Boucher Brothers this month. This means the well-known aquatic concierge service will be the key provider for beachfront ease. Residents of the ultra…Continue Reading

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