Which property is classified as residential property in Florida?

In Florida, residential property is classified as properties with four units or fewer. This classification encompasses single-family homes, duplexes, triplexes, and fourplexes. Essentially, the scale of the property defines its classification. Properties designated as commercial typically involve five units or more. Therefore, the distinction is important as it delineates between residential and commercial real estate, which can have different implications for zoning, taxation, and financing. The focus on properties with four units or fewer reflects the standard residential market, which caters primarily to individual homeowners and small-scale rental opportunities.