Everything you need to know about closing costs when buying a condo in Miami and South Florida -- from documentary stamps to title insurance. Discover why Florida's no mansion tax and no mortgage recording tax make Miami one of the most buyer-friendly luxury markets in the country, including ultra-prime Billionaires Beach Miami inventory.
Updated March 2026Miami buyer closing costs depend on transaction type, financing, and whether you are purchasing resale or from a developer of Miami pre-construction condos. The following illustrative calculator ranges cover $1M-$5M condos, with 80% LTV and 0.5% loan origination for financed purchases; new development assumes buyer-paid deed stamps as a contract assumption, and any developer fee is shown as “Per contract” and not added to the totals. Prorations, prepaids, escrows and transaction-specific charges may add costs:
Costs vary by building, entity structure, and whether the buyer is domestic or international. Request a line-item pro forma for your specific transaction.
Miami has lower closing costs than NYC primarily because Florida does not impose:
As a result, Miami buyers often save 2% to 4% of the purchase price compared to equivalent NYC transactions. On a $5 million purchase, that translates to $100,000 to $200,000 in reduced closing costs.
In Miami-Dade County, the sale of a condo, co-op or single-family home is subject to documentary stamp tax on the deed of 0.60% of the purchase price.
How the rate works:
On resale transactions, the seller pays this tax. On new development purchases, the buyer typically pays, adding about $6,000 per million dollars of purchase price to buyer closing costs.
For $1M-$5M Miami-Dade condos, this calculator estimates approximately 0.44-1.21% for cash resale, 1.28-2.05% for resale financed at 80% LTV, 1.11-2.16% for cash new development, and 1.95-3.00% for new development financed at 80% LTV. Financing assumes 0.5% loan origination; new development assumes buyer-paid deed stamps as a contract assumption, and any developer fee is shown as “Per contract” and not added to the totals. These are illustrative model outputs; prorations, prepaids, escrows and transaction-specific charges may add costs.
Estimate your total closing costs based on purchase price, transaction type, and financing.
NYC & Miami, Accurate to 2026 Tax Rates
Florida has no mansion tax at any price point. For buyers relocating from New York, this single difference can save tens -- or hundreds -- of thousands of dollars at closing.
NYC residential purchases are subject to mansion tax beginning at $1 million, with the combined rate reaching 3.9% at $25 million or more. Florida charges nothing. Combined with Florida's absence of a mortgage recording tax, Miami-Dade closing costs remain remarkably low relative to other major luxury markets.
| Purchase Price | NYC Mansion Tax | Miami Mansion Tax | Buyer Savings |
|---|---|---|---|
| $1,500,000 | $15,000 (1.00%) | $0 | $15,000 |
| $3,000,000 | $45,000 (1.5%) | $0 | $45,000 |
| $5,000,000 | $112,500 (2.25%) | $0 | $112,500 |
| $10,000,000 | $325,000 (3.25%) | $0 | $325,000 |
Advisory Note: The mansion tax savings alone often cover the entire cost of relocating from New York to Miami. When combined with Florida's zero state income tax, the financial case for Miami becomes compelling at virtually every price point. See our analysis of the NYC-to-Miami tax migration for the full picture.
The largest transfer cost in any Miami real estate transaction -- and one that varies depending on whether you are buying resale or new development.
Florida imposes documentary stamp tax on the deed at $0.70 per $100 of consideration in every county except Miami-Dade, where the rate is $0.60 per $100. Miami-Dade also levies a discretionary surtax of $0.45 per $100, but the surtax is not due when the property conveyed is a single-family residence, and Florida law counts a condominium unit, a co-op unit or a detached house as one. For a typical condo, co-op or house purchase in Miami-Dade, the documentary stamp tax on the deed is therefore $0.60 per $100, or 0.60% of the purchase price. Other property, such as vacant land, commercial buildings or multifamily buildings, pays the combined 1.05%.
On a $3 million condo purchase in Miami-Dade, the documentary stamp tax on the deed totals $18,000.
Who pays? On resale transactions, the seller customarily pays the documentary stamp tax on the deed. On new development (pre-construction) purchases, the buyer typically pays -- a significant difference that increases buyer closing costs by approximately 0.60% on new construction.
| Component | Rate | On $3M Purchase | Notes |
|---|---|---|---|
| Florida Doc Stamps (Deed) | $0.60 / $100 | $18,000 | Miami-Dade rate (70 cents per $100 in other Florida counties) |
| Miami-Dade Surtax | $0.45 / $100 | $0 | Not due on a single-family residence, including a condo or co-op unit; applies to other property, such as vacant land or commercial buildings |
| Total Doc Stamps (Deed) | $0.60 / $100 (0.60%) | $18,000 | Seller pays on resale; buyer on new dev |
In Miami-Dade County, the buyer customarily pays for the owner's title insurance policy -- the opposite of most Florida counties.
Title insurance is a one-time premium paid at closing that protects you against defects in the title, undisclosed liens, and other ownership claims. Florida sets title insurance premium rates, but applicable discounts, permitted rebates of the agent's share, and separate settlement-service charges can affect the total price. Compare itemized quotes.
The owner's title insurance rate is set by Florida's promulgated rates and runs approximately 0.3% to 0.5% of the purchase price on $1M to $5M purchases. On a $3 million condo, the owner's policy costs $10,075.
If you are financing, your lender will require a separate lender's title insurance policy. When issued simultaneously with the owner's policy by the same insurer, qualifying lender coverage not exceeding the owner's coverage has a $25 minimum premium. Obtain a quote for the actual premium, endorsements, and any excess coverage.
Miami-Dade custom: In most Florida counties, the seller selects and pays for the owner's title insurance. In Miami-Dade, the buyer customarily selects and pays for this policy. This is one of the reasons Miami-Dade buyer closing costs are slightly higher than other Florida counties.
Financing a Miami condo purchase adds several costs -- but one major cost you will NOT pay is a mortgage recording tax.
Unlike New York, where buyers face a mortgage recording tax of 1.8% to 1.925% of the loan amount, Florida imposes no mortgage recording tax. On a $2.4 million condo mortgage, NYC's stated 1.925% borrower mortgage-recording tax is $46,200. Florida's documentary stamps of $8,400 plus intangible tax of $4,800 total $13,200, producing approximately $33,000 in mortgage-tax savings before transaction-specific adjustments.
However, Florida does impose two costs on the mortgage itself:
No Mortgage Recording Tax: This is one of the most significant advantages of buying in Florida. On a $2.4 million condo mortgage, the mortgage-tax difference is approximately $33,000 after accounting for Florida's documentary stamp and intangible taxes. This alone can offset a meaningful portion of your total Miami closing costs.
Not required in Florida, but strongly recommended -- especially for new development purchases and international buyers.
Florida is a "title state," meaning a title company or closing agent can handle the entire transaction without attorney involvement. That said, we recommend retaining a real estate attorney for most luxury condo purchases in Miami.
A qualified real estate attorney will review the purchase contract, condo documents (declaration, bylaws, financial statements), title commitment, and closing statement. For new development purchases, attorney review of the developer's contract is essential -- these are developer-drafted documents with limited negotiation, and understanding the implications of each provision protects your interests.
Buying a new construction condo in Miami carries additional costs that resale buyers do not face. Understanding these before you sign the contract is essential.
New development closing costs in Miami are higher than resale because the developer shifts several costs to the buyer that would traditionally be seller obligations on a resale transaction. For $1M-$5M condos, the calculator estimates approximately 1.11-2.16% cash or 1.95-3.00% at 80% LTV, with 0.5% loan origination and no developer fee. The $5M cash table below also leaves out any developer fee, which is set by the contract.
| Cost Item | Typical Rate | On $5M Condo | Notes |
|---|---|---|---|
| Documentary Stamps (Deed) | 0.60% | $30,000 | Buyer pays on new dev (not seller) |
| Owner's Title Insurance | ~0.3% | $15,075 | Florida promulgated rate |
| Development Fee | Per contract | — | Set by the contract; not included in the subtotal |
| Working Capital | Calculator allowance | $5,000 | HOA and working capital allowance; confirm association documents |
| Recording & Misc. Fees | Flat | $500 | County recording, courier, admin |
| Attorney Fees | Calculator allowance | $5,000 | Buyer's attorney; separate from any developer attorney charge |
| Illustrative cash subtotal | 1.11% | $55,575 | $55,575 for a $5M cash purchase, excluding any developer fee; financing, prorations and prepaids are additional |
Florida Condo Safety Laws: Florida's condo-safety laws, including subsequent amendments, generally require milestone inspections for residential condominium and cooperative buildings with three or more habitable stories at age 30 and every 10 years thereafter; local authorities may require the first inspection at age 25 based on local conditions. Structural Integrity Reserve Studies generally apply to residential condominium buildings with three or more habitable stories on a separate statutory schedule, subject to applicable exceptions and transition provisions. New development buyers benefit from brand-new construction that meets the latest building codes, but should be aware that these reserve requirements will affect ongoing HOA costs after closing.
Actual closing cost estimates for typical Miami condo purchases at different price points and transaction types.
For a $3M resale condo at 80% LTV, the calculator estimates $42,300 (1.41%) for Miami and an illustrative NYC subtotal of $116,200 (3.87%), a difference of $73,900. NYC uses a 0.45% owner-title allowance and excludes lender-policy premiums, endorsements and other title charges; Miami uses the $25 qualifying simultaneous-issue lender minimum. Actual quotes, prorations, prepaids and other transaction-specific charges may change both amounts.
For buyers considering both markets -- or relocating from New York to Miami -- the closing cost differential is striking. Florida's absence of a mansion tax, mortgage recording tax, and lower transfer tax rates produce savings of more than $70,000 on a single transaction. For sellers evaluating a sale in either market, our net proceeds calculator provides estimated bottom-line numbers after all selling costs.
| Cost Item | NYC ($3M Condo) | Miami ($3M Condo) |
|---|---|---|
| Mansion Tax | $45,000 (1.5%) | $0 |
| Mortgage Recording Tax (approximate buyer share) | $46,200 (1.925%) | $0 |
| Title: NYC owner allowance; Miami owner premium plus $25 lender minimum | $13,500 | $10,100 |
| Intangible Tax / Doc Stamps on Note | $0 | $13,200 |
| Lender Fees (calculator allowances) | $4,000 | $12,000 |
| Attorney + building/HOA + recording/misc. allowances | $7,500 | $7,000 |
| Illustrative Buyer Subtotal | $116,200 (3.87%) | $42,300 (1.41%) |
| Illustrative subtotal difference | $73,900 | |
For a detailed breakdown of New York closing costs, see our NYC Closing Costs Guide. For a dedicated side-by-side analysis, see NYC vs Miami Closing Costs.
The closing cost gap between Miami and New York is not a matter of market conditions -- it is embedded in the regulatory and tax framework of each state.
Buyers relocating from New York to Miami frequently ask why the closing cost differential is so pronounced. The answer lies in several structural differences between the two markets:
Advisory Note: For a comprehensive line-by-line comparison of all closing costs between the two markets, see our NYC vs Miami Closing Costs guide. The structural advantages described above apply regardless of market cycle.
Preconstruction purchases carry a distinct cost structure that differs from resale transactions in both amount and allocation.
When purchasing directly from a developer in Miami, the closing cost profile shifts materially. Developer contracts allocate costs differently than resale contracts, and buyers should understand the full scope before signing a purchase agreement.
Pre-Construction Advisory: We provide building-specific closing cost breakdowns for every new development in our portfolio. Costs vary by developer, building, and unit type. Request a private line-item pro forma before signing any preconstruction contract.
Title company closings are standard in Florida. But standard does not always mean sufficient.
Attorney representation is customary in New York real estate transactions. Florida permits title companies to handle closings without the buyer retaining separate legal counsel. Many straightforward resale purchases close without attorney involvement. However, several scenarios strongly warrant retaining a qualified real estate attorney:
Typical cost: $5,000. For international buyers requiring tax planning and entity structuring, expect $5,000 to $7,500.
Our Perspective: As a firm licensed in both New York and Florida, we routinely coordinate with attorneys in both jurisdictions. We can recommend attorneys who specialize in Miami luxury condo closings, preconstruction contracts, and international buyer transactions.
Miami is one of the most foreign-buyer-friendly luxury markets in the United States. Understanding the unique cost and compliance considerations is essential for a smooth closing.
Non-US citizens and non-residents can purchase Florida real estate, subject to applicable restrictions. Florida Statutes sections 692.201-692.205 restrict certain acquisitions involving specified foreign principals, agricultural land, property near military installations or critical infrastructure, and certain purchasers connected to China. Eligibility, statutory exceptions, and applicable court orders must be checked for the specific purchaser and property. However, international transactions involve additional planning and costs:
International Buyer Advisory: Our team works with foreign buyers from Latin America, Europe, and the Middle East on a regular basis. We coordinate with cross-border tax advisors, immigration attorneys, and international lenders to structure each transaction appropriately. Contact us for a private consultation.
Lower transaction costs make Miami a more flexible market for both entry and exit. Unlike NYC, where mansion tax, mortgage recording tax, and transfer tax burdens can exceed 5% of the purchase price on a single transaction, Miami's lighter cost structure reduces the friction of moving in and out of positions.
This is particularly relevant for:
Advisory Note: Transaction cost efficiency is one factor in a broader investment thesis. Market liquidity, rental yield, appreciation trajectory, and tax implications all weigh into the decision. We evaluate each client's Miami purchase within the context of their full financial picture.
With a background in accounting, we evaluate closing costs as part of a broader investment and tax strategy, not just as transaction expenses. Every purchase has implications for capital gains positioning, entity structuring, depreciation, and estate planning. Our closing cost analysis is one component of a comprehensive advisory approach that considers the full financial picture.
What this means for you: When we prepare a closing cost pro forma, it reflects not only the immediate costs but also how each line item affects your long-term financial position. This is the difference between a broker and an advisor.
Answers to the most common questions our clients ask about buying a condo in Miami.
Florida does not require an attorney for real estate closings -- a title company can handle the entire transaction. However, we strongly recommend retaining a real estate attorney, particularly for new development purchases where the contract is developer-drafted, or for international buyers navigating US tax and FIRPTA implications.
Attorney fees are typically $5,000 for a standard condo closing, and $5,000 to $7,500 for international buyers requiring tax planning.
For $1M-$5M Miami-Dade condos, this calculator estimates approximately 0.44-1.21% for cash resale, 1.28-2.05% for resale financed at 80% LTV, 1.11-2.16% for cash new development, and 1.95-3.00% for new development financed at 80% LTV. Financing assumes 0.5% loan origination; new development assumes buyer-paid deed stamps as a contract assumption, and any developer fee is shown as “Per contract” and not added to the totals. These are illustrative model outputs; prorations, prepaids, escrows and transaction-specific charges may add costs.
For a personalized estimate, use our closing cost calculator above or request a private line-item pro forma.
In Miami-Dade County resale transactions, the seller customarily pays the documentary stamp tax on the deed (0.60%), and the buyer typically pays the owner's title insurance policy, subject to the contract. The buyer also pays for the title search, lender's title insurance (if financing), recording fees, and all lender-related costs.
On new development purchases, the contract may assign deed stamps, a developer fee and working capital contributions to the buyer. The calculator does not add a developer fee and shows it as “Per contract”. For $1M-$5M condos, the calculator estimates approximately 1.11-2.16% for cash purchases and 1.95-3.00% at 80% LTV with 0.5% loan origination. Confirm the fee's scope and avoid double-counting costs it includes.
Miami-Dade is the only Florida county with its own deed rate: $0.60 per $100 of consideration, versus $0.70 per $100 everywhere else in the state. It also levies a discretionary surtax of $0.45 per $100, but the surtax is not due when the property conveyed is a single-family residence, which Florida law defines to include a condominium unit, a co-op unit or a detached house. A typical condo or home purchase in Miami-Dade therefore pays 0.60%, while other property, such as vacant land or commercial buildings, pays the combined 1.05%.
Most closing costs are not directly tax deductible. However, certain costs can be added to your cost basis, which reduces your capital gains tax when you eventually sell. These include owner's title insurance premiums, deed-recording fees, and transfer taxes paid as acquisition costs. Mortgage-related charges are treated separately and do not automatically increase the home's cost basis.
For a personal residence, qualifying mortgage interest may be deductible if you itemize, subject to separate mortgage-debt and use-of-proceeds limits. Property taxes may be deductible whether you pay cash or finance. For 2026, the combined state and local tax deduction limit is $40,400 ($20,200 if married filing separately), reduced for modified adjusted gross income above $505,000 ($252,500 if married filing separately), but not below $10,000 ($5,000 if married filing separately). We recommend consulting with a tax advisor for your specific situation.
Special assessments are increasingly common in Miami condos, particularly following Florida's post-Surfside condo safety legislation (SB 4-D and SB 154). Before closing, your attorney or title company should review the condo association's estoppel letter for any pending or approved special assessments.
Buyers should also review the association's Structural Integrity Reserve Study (SIRS) to understand upcoming capital expenditure needs. A thorough review of the association's financials is essential before committing to any Miami condo purchase.
For a $3M resale condo at 80% LTV, the calculator estimates $42,300 (1.41%) for Miami and an illustrative NYC subtotal of $116,200 (3.87%), a difference of $73,900. NYC uses a 0.45% owner-title allowance and excludes lender-policy premiums, endorsements and other title charges; Miami uses the $25 qualifying simultaneous-issue lender minimum. Actual quotes, prorations, prepaids and other transaction-specific charges may change both amounts.
The primary savings come from Florida having no mansion tax (NYC charges 1% to 3.9%), no mortgage recording tax (the NYC buyer's share is approximately 1.8% to 1.925% of qualifying residential mortgage debt), and generally lower transfer tax rates. See our full NYC closing costs breakdown for details.
Foreign buyers pay the same closing costs as domestic buyers, with several additions to consider: potential FIRPTA withholding on a future sale if the seller is then a foreign person for US tax purposes (generally 15% of amount realized, subject to qualifying residence exceptions and other statutory or IRS-authorized reductions), potential need for an ITIN (Individual Taxpayer Identification Number), and higher attorney fees for international structuring ($5,000 to $7,500).
Entity formation costs may apply if purchasing through an LLC. Foreign national mortgage programs are available but typically require 30% to 50% down with slightly higher interest rates. Qualifying foreign citizens may claim Florida's homestead exemption; eligibility depends on ownership and permanent residency requirements, not citizenship alone. For a comprehensive overview, see our Foreign Buyers Guide.
The difference is structural, not cyclical. Florida has no mansion tax (NYC charges 1-3.9% on residential purchases of $1M or more), no mortgage recording tax (the NYC buyer's share is approximately 1.925% on qualifying residential loans of $500K or more), and a simpler transfer-tax environment overall. Title insurance rates in Florida are state-regulated and more predictable, and condominium purchases avoid the ownership structure of a cooperative, although association approval and transfer restrictions may still apply.
For a complete side-by-side breakdown, see our NYC vs Miami Closing Costs comparison.
Preconstruction buyers typically face documentary stamp tax on the deed (0.60% in Miami-Dade, shifted to the buyer), a developer fee if the contract provides for one, working capital contributions (amount and calculation basis set by the association/offering documents; the calculator uses an illustrative $5,000 allowance), and condo document review costs. Deposit structures generally require 20-50% in installments over the construction period.
Developer incentives or closing cost credits may be available depending on market conditions, though these are not universal. We provide building-specific cost breakdowns for every preconstruction project in our portfolio.
While title company closings are standard in Florida, we recommend attorney representation for entity-based purchases (LLC, trust, foreign ownership), international transactions involving FIRPTA planning, preconstruction contract review, and high-value transactions with complex terms.
Typical cost is $5,000. For sellers, our net proceeds calculator can help estimate your bottom line.
We provide a line-item breakdown based on purchase price, financing structure, and property type, including estimated closing costs, ownership costs, and exit considerations. Tailored to your exact transaction, including preconstruction cost allocations and international buyer planning.
Licensed in NY & FL. Building-specific breakdowns available for every property in our portfolio.
For active inventory, browse Manhattan apartments for sale + Miami apartments for sale, or review the 2026 Miami preconstruction pipeline and the 2026 NYC new development pipeline.
Closing-cost strategy
We model Miami closing costs line-by-line on the buildings you are evaluating, including documentary stamps, intangible tax pass-through, sponsor concession structures, and homestead exemption planning, before contract.
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Market Context: For $1M-$5M Miami-Dade condos, this calculator estimates approximately 0.44-1.21% for cash resale, 1.28-2.05% for resale financed at 80% LTV, 1.11-2.16% for cash new development, and 1.95-3.00% for new development financed at 80% LTV. Financing assumes 0.5% loan origination; new development assumes buyer-paid deed stamps as a contract assumption, and any developer fee is shown as “Per contract” and not added to the totals. These are illustrative model outputs; prorations, prepaids, escrows and transaction-specific charges may add costs. Florida has no mansion tax or separate NYC-style mortgage recording tax, but financed purchases incur documentary stamp and intangible taxes, and total closing-cost differences depend on the transaction. For a $3M resale condo at 80% LTV, the calculator estimates $42,300 (1.41%) for Miami and an illustrative NYC subtotal of $116,200 (3.87%), a difference of $73,900. NYC uses a 0.45% owner-title allowance and excludes lender-policy premiums, endorsements and other title charges; Miami uses the $25 qualifying simultaneous-issue lender minimum. Actual quotes, prorations, prepaids and other transaction-specific charges may change both amounts.
Miami-Dade’s documentary stamp tax on deed is $0.60 per $100 of purchase (0.60%) for a condo, co-op or single-family home. The Miami-Dade County surtax ($0.45/$100) applies only to other property, such as vacant land or commercial buildings, for a combined 1.05%. The rate elsewhere in Florida is $0.70/$100. On financed purchases, buyers pay Documentary Stamps on Note ($0.35/$100, 0.35%) and Florida Intangible Tax (0.2% of loan). Title Insurance runs ~0.3-0.5% on $1M-$5M purchases and is buyer-paid in Miami-Dade (unusual versus most Florida counties). FIRPTA generally requires the buyer to withhold 15% of a foreign seller's amount realized, subject to qualifying residence exceptions and other statutory or IRS-authorized reductions. Homestead eligibility depends on qualifying ownership and permanent residency, not citizenship alone.
Why This Matters: The calculator estimates $64,100 (1.28%) for a $5M Miami resale at 80% LTV, with 0.5% loan origination and the qualifying $25 simultaneous-issue lender minimum, before additional quoted charges, prorations and prepaids. Cash purchases avoid Documentary Stamps on Note and Intangible Tax entirely.
Miami-Dade applies a 0.60% documentary stamp tax on the deed ($0.60 per $100 of purchase) to condo, co-op and single-family home sales; the 0.45% Miami-Dade surtax applies only to other property. At $5M and 80% LTV, the resale calculator estimates $64,100 (1.28%), assuming 0.5% loan origination and the qualifying $25 lender-title minimum, before additional quoted charges, prorations and prepaids. For a $3M resale condo at 80% LTV, the calculator estimates $42,300 (1.41%) for Miami and an illustrative NYC subtotal of $116,200 (3.87%), a difference of $73,900. NYC uses a 0.45% owner-title allowance and excludes lender-policy premiums, endorsements and other title charges; Miami uses the $25 qualifying simultaneous-issue lender minimum. Actual quotes, prorations, prepaids and other transaction-specific charges may change both amounts.
For $1M-$5M Miami-Dade condos, this calculator estimates approximately 0.44-1.21% for cash resale, 1.28-2.05% for resale financed at 80% LTV, 1.11-2.16% for cash new development, and 1.95-3.00% for new development financed at 80% LTV. Financing assumes 0.5% loan origination; new development assumes buyer-paid deed stamps as a contract assumption, and any developer fee is shown as “Per contract” and not added to the totals. These are illustrative model outputs; prorations, prepaids, escrows and transaction-specific charges may add costs. At $5M and 80% LTV, the resale calculator estimates $64,100 (1.28%), assuming 0.5% loan origination and the qualifying $25 lender-title minimum, before additional quoted charges, prorations and prepaids.
$0.60 per $100 of purchase price on the deed (0.60%) for a condo, co-op or single-family home. The Miami-Dade County surtax ($0.45/$100) applies only to other property, such as vacant land or commercial buildings, which pays 1.05% combined. Every other Florida county charges $0.70/$100, so a home purchase in Miami-Dade carries a lower deed rate than elsewhere in Florida.
No. Florida imposes neither. Financed purchases pay only Documentary Stamps on Note (0.35% of loan) and Intangible Tax (0.2% of loan); all-cash purchases avoid both. This is the structural reason Miami closings run materially below NYC closings at the same price point.
Most Florida counties customarily assign title insurance to the seller. Miami-Dade and Broward are among the counties where buyers customarily pay for the owner's policy and choose the title/closing agent; the contract controls. Title insurance (~0.3-0.5% on $1M-$5M purchases) is customarily buyer-paid. This is negotiable at contract stage but is the default expectation.
FIRPTA generally requires buyer-administered withholding of 15% of a foreign seller's amount realized; qualifying residence transactions may receive a 10% rate or exemption, and other statutory or IRS-authorized reductions may apply. International buyers may qualify for Florida’s homestead exemption if they satisfy the ownership and permanent residency requirements. The illustrative $3,000-$8,000 entity budget covers LLC-only setup, excluding foreign-blocker structuring and ongoing administration; obtain an itemized quote.