I am sitting right in heart of Normandy Isles. Luxury condoes on the waterfront with your own dock. Developers for 360 condo, Space, Lexi and many many other, may even send you their corporate jets to bring you down to check the place up - if they find out that you are in the market.
You may even get two for one deal. Buy one at 50% discount and get one free of equal or less value. They may even throw the boat dock in the welcome basket. Word of caution - bring your own security as you may cause riots amongst the realtors in the area, who will line up two days before your arrival. Well the times have changed, year ago they used to call riot police to control the crowds in Miami who lined up for two days to buy condos.
You will have ample parking in any of the condos as occupancy rates are about 10-15%. You may have the entire floor to yourself. Not to mention the big pool for yourself and your friends.
If you want to buy in a poor area such as Brickell (once mentioned as financial capital of the world or was it underworld) you may be able to get a brand new, never lived in 1B/1B for about $140K or less. You will be able to prove it to your friends and family that you purchased a condo which was actually sold for $850K or in otherwords in about a year or two - you will be able to sell it for a million and retire.
About the maintenance and taxes. You will pay 2% of purchase price per year in taxes. Maintenance (or Homeowners association fees) could be $1,000 to $10,000 per month depending on how many absentminded home owners live in the building. But that is small change when you stand to profit a million dollars in about year or two.
So welcome to Miami. We love your money. But hurry! Condos are hard to find and there are always multiple bids even on the foreclosures.