The Brickell skyline across Biscayne Bay at dusk, ORA by Casa Tua, visualisation Casa Sunshine above the harbor at Port d'Andratx, Mallorca, at dusk Modern villa with pool and sea view in Bendinat, Mallorca Dining terrace with sea view at Casa Sunshine, Mallorca Faena Residences Miami, two towers joined by a sky bridge over the Miami River, visualisation
Bay Point, Miami

Coral Gables · Miami · South Florida

Luxury Residential, Commercial & Investment Real Estate

With more than 25 years of firsthand experience living and investing in Miami, I help clients navigate luxury residential, commercial, and investment real estate. For those seeking a second home in Europe, I offer a select collection of properties in Mallorca.

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ORA by Casa Tua in Brickell at dusk, visualisation
Morten Aagaard, Real Estate Advisor

Why Morten

More than 25 years of Miami market experience. Personal guidance and a trusted point of contact from our first conversation to the closing table—and beyond.
01

Miami is home

Morten has lived and invested in South Florida for more than 25 years, and his family is here. He knows the neighborhoods from the inside.

02

Luxury Residential, Commercial & Pre-Construction

From gated luxury communities and multifamily properties to office buildings and pre-construction opportunities, I provide personalized guidance backed by the expertise, resources, and reach of ATR Luxury Homes and Coldwell Banker Realty.

03

A second home in Europe

For clients who want more than one home: a hand-picked collection in Mallorca, with the full file, the film and the price in dollars.

South Florida

Luxury homes for sale

Waterfront in Bay Point, a corner residence on Brickell Key, an estate on the water in Fort Lauderdale.

All South Florida homes
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Every home on the market

The full South Florida MLS, updated as listings change.

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Selling

What is your home worth?

A straight answer on price and timing, based on what has actually sold.

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Private search

Tell me what you are looking for

Including homes that never reach the open market.

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Track record

Recently sold and leased

A selection of homes Morten has closed in Coral Gables and Miami.

Pool and pergola at a 1926 Mediterranean Revival home in Coral GablesSold
Coral Gables · Italian Village

A 1926 Mediterranean Revival estate

4 bedrooms3 bathrooms2,668 sq ft
Sold
Bay view from a condo at the Jockey Club, MiamiSold
Jockey Club · Miami

Bay views from the 19th floor

2 bedrooms2 bathrooms1,377 sq ft
Sold
Ocean and bay view from One Paraiso, EdgewaterLeased
One Paraiso · Edgewater

Ocean and bay views in Edgewater

2 bedrooms2 bathrooms1,088 sq ft
Leased

Pre-construction

New developments in Miami

Buy at today's price and pay in stages while the building rises. Selected projects, presented with the developer's own numbers.

All pre-construction

Commercial & investment

Commercial and investment property

Office, retail, multi-family and income property, judged on the numbers first by someone who invests himself, with the reach of Coldwell Banker Commercial.

Commercial search

Office, retail and mixed-use

The commercial inventory across Miami-Dade, through Coldwell Banker Commercial.

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Triplex in the MiMo District, MiamiSold
MiMo District · Miami

Triplex investment near Biscayne Boulevard

3 units2,076 sq ft
Sold
Vitalis Tower, AventuraPre-constructionVisualisation
Aventura

Vitalis Tower, medical and professional offices

7 storiesOffices from 500 sq ftFee simple
Pricing on requestOffice units from 500 sq ft
Investment

Talk about an investment

Income property and multi-family, with the numbers on the table from the first conversation.

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The Mallorca Collection

A second home in Mallorca

For clients who want a home in Europe: seven hand-picked homes on the island, each with a verified file and a lead agent on the ground.

All Mallorca homesCo-ownRent in Mallorca
Listed in the US · Port d'Andratx

Casa Sunshine, sea-view villa above the harbor

  • Built2016
  • Bedrooms5
  • Living area8,870 sq ft
  • Bathrooms7
  • Lot15,403 sq ft
  • Rental licenceIn place

300° of sea and mountain. Spa, indoor pool, gym and garage on the lower level; living, kitchen, terraces and pool on the ground floor; bedrooms and roof terrace above. Furnished and move-in-ready.

Whole, or in shares

Buy the house, or a share with your own weeks, from four weeks a year. Same house, same file.

View the homeRequest the file

What I do

Four ways I work with clients

Buying in South Florida

Finding the right home, from waterfront to a city condo, with every step handled personally through to closing.

Selling your home

A clear price, strong presentation and the reach of ATR Luxury Homes and Coldwell Banker Realty.

Commercial and investment

Office, retail, multi-family and income property, judged on the numbers first.

A second home in Mallorca

Film, plans and the full file before you fly, a viewing with the lead agent on the island, and the purchase explained step by step.

Where Morten works

With deep roots in Miami and more than 25 years of local market experience, I serve clients across South Florida’s most sought-after residential, commercial, and investment markets.

--:--Miami
--:--Mallorca
25.76° N · 80.19° W

Miami & Brickell

Luxury residences, high-rise living, new developments, and commercial real estate.

01
25.80° N · 80.19° W

Edgewater

Waterfront condominiums, bayfront residences, and emerging development opportunities.

02
25.84° N · 80.18° W

Miami’s Upper East Side

Distinctive homes, historic neighborhoods, waterfront properties, and select investment opportunities.

03
25.79° N · 80.13° W

Miami Beach & Sunny Isles Beach

Luxury oceanfront residences, condominiums, and investment properties.

04
25.72° N · 80.26° W

Coral Gables & Coconut Grove

Established luxury neighborhoods, elegant residences, and long-term investment opportunities.

05
25.96° N · 80.14° W

Aventura & Doral

Residential communities, multifamily properties, and commercial real estate.

06
26.12° N · 80.14° W

Fort Lauderdale & Las Olas

Waterfront homes, luxury residences, multifamily assets, and commercial opportunities.

07
26.37° N · 80.10° W

Boca Raton & Palm Beach

Upscale residential communities, luxury properties, and select investment opportunities.

08
39.57° N · 2.65° E

Mallorca

A select collection of European homes, from Mediterranean villas and coastal residences to distinctive properties for those seeking a second home abroad.

09
Morten Aagaard

About

Morten Aagaard

Real Estate Advisor · ATR Luxury Homes | Coldwell Banker Realty

Morten works across luxury residential, investment, multi-family and commercial property, and gives his clients the strategic view to reach their goals, whether that is a primary home, an income property or a second home abroad.

Miami has been home for more than 25 years. He has built his career here as an investor and as a trusted advisor, and his family is here. For clients who want a home in Europe, he represents a hand-picked collection in Mallorca, with people on the ground he works with every week.

Relationships that last longer than the transaction.

Home / Mallorca insights

Taxes

Owning a home in Mallorca: your US and Spanish taxes

Two tax systems apply. The US–Spain tax treaty prevents most double taxation, but only if you file correctly in both countries.

Mallorca insights · Updated October 2026 · 9 min read

As a US citizen or resident you are taxed by the US on your worldwide income. As the owner of a home in Spain you are also taxed by Spain on that home, whether or not you rent it out. The tax treaty between the two countries, in force since 1990 and updated in 2019, decides who taxes what and lets you credit Spanish tax against your US tax.

In Spain, while you own the home

Even if you never rent it out, Spain taxes the home. Non-residents pay income tax on a notional income of 2% of the home's cadastral value (1.1% where the value has been revised). For residents of countries outside the EU, the rate is 24%. On a cadastral value of €500,000 that is €10,000 of notional income and €2,400 of tax a year, filed on form 210. The cadastral value is set by the state and is usually well below the market price.

Local property tax (IBI) is paid to the town hall every year, as in any US county.

Wealth tax. Spain taxes non-residents on the net value of their Spanish assets. The national allowance for non-residents is €700,000. Since 1 January 2024 the Balearic Islands allow €3 million per person, and non-residents can generally choose the rules of the region where most of their Spanish assets are. Above €3 million a national solidarity tax applies, with the wealth tax credited against it. Whether the Balearic allowance applies to you is a question for your adviser before you buy, because it shapes how the purchase should be structured.

In Spain, if you rent it out

Residents of countries outside the EU pay 24% on gross rental income, without deducting costs. Recent case law has challenged the ban on deductions, so it is worth asking an adviser whether you can claim them. Rental income is declared on form 210.

In Spain, when you sell

Non-residents pay 19% on the gain. The buyer withholds 3% of the price and pays it to the Spanish tax agency on your behalf. That 3% is an advance, not an extra tax: it is set against what you owe, and any excess is refunded. The town hall also charges a tax on the increase in land value (plusvalía municipal).

In the US

  • Rental income goes on Schedule E, as with a US rental. Residential rental property outside the US is depreciated over 30 years.
  • Spanish tax paid on the same income can usually be claimed as a foreign tax credit (Form 1116), so you are not taxed twice on it.
  • A sale is taxed in the US as a capital gain, measured in dollars. A move in the euro–dollar rate can create a US gain, or reduce one, even if the euro price has not changed.

Reporting you should not miss

  • FBAR. If your foreign accounts together exceed $10,000 at any point in the year, you file an FBAR. Your Spanish bank account counts.
  • Form 8938. Foreign financial accounts above the FATCA thresholds go on Form 8938. A home you own directly does not.
  • Owning through a company changes the picture on both sides, with heavier reporting in the US. Decide on the structure before you sign, not after.

The practical answer

Use one adviser who works across the US and Spain, or two who talk to each other. We work with cross-border advisers and can introduce you before you make an offer.

Next step

Talk it through with Morten

One advisor in Miami, a lead agent on the island, and a verified file on every home.

Talk to MortenSee the Mallorca Collection

Sources

Checked October 2026. General information, not legal or tax advice. Rules change, so confirm your own situation with a qualified adviser.

More insights

Buying in Mallorca · 8 min read

Buying a home in Mallorca as an American, step by step

The process from tax number to notary, the purchase costs in the Balearic Islands, and what to check before you sign.

Read the guide →
Getting there · 5 min read

Getting to Mallorca from the US

Nonstop and one-stop routes, the best months to come, and what owning a home does and does not change for your stays.

Read the guide →

Let's talk

Tell me what you are looking for

South Florida or Mallorca, buying or selling. Every enquiry gets a personal reply.

Emailma@mortenaagaardrealtor.com
Direct+1 305-582-9199

Morten replies personally, usually the same day.