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SALT Caps Definitely Helping Boost South Florida’s Luxury Home Market

Many new purchasers have named SALT as the motivating factor for seeking a residence in South Florida.

David Lebensohn, founder and principal of BH3 Daniel Lebensohn, founder and principal of BH3

High net-worth buyers from the Northeast continue to fuel luxury home sales in South Florida. But, what is keeping the region’s luxury market strong despite economic headwinds and changing buyer demographics? Is the SALT cap imposed by federal tax reform prompting some high net worth individuals in the Northeast and from other high-taxed states to purchase luxury homes in South Florida.

For the answer to those questions and others, Globest.com turned to veteran residential developer Daniel Lebensohn, founder and principal of BH3, which has offices in Aventura, FL and New York City. BH3 recently completed and is now marketing its Privé at Island Estates luxury property, which is comprised of two 16-story towers located on an eight-acre island off Williams Island in Aventura.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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