Author: Florida Real Estate News

A Tampa-based real estate investment firm, RAD Diversified REIT Inc., and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, are currently under investigation by Florida Attorney General James Uthmeier’s Office. The probe centers on allegations of violating the state’s Deceptive and Unfair Trade Practices Act and other laws, following multiple investor complaints. Key Takeaways RAD Diversified REIT Inc. and its owners are being investigated for potential deceptive practices. The Attorney General’s office has issued subpoenas for company documents and communications. Investors have reported difficulties in collecting returns or retrieving their invested funds. The investigation is examining whether the company’s real…

Florida’s luxury real estate market is experiencing an unprecedented surge, with 2025 marking a historic year for high-value transactions across the state. From Miami’s bustling metropolis to the serene coastlines of Naples and Ponte Vedra, the Sunshine State has solidified its position as a premier destination for the ultra-wealthy, driven by a significant influx of wealth and a desirable lifestyle. Key Takeaways South Florida recorded its second-highest number of $10 million-plus home sales in history in 2025. A Miami estate linked to Google co-founder Larry Page sold for $101.5 million, topping December’s most expensive U.S. home sales. Florida properties accounted…

South Florida’s real estate market experienced a remarkable surge in high-value transactions during 2025, recording the second-highest number of home sales exceeding $10 million in its history. This robust performance underscores a significant influx of wealth into the region, driving demand for luxury properties. Key Takeaways South Florida achieved 361 home sales of $10 million and above in 2025, trailing only the record set in 2021. The region is experiencing substantial population and job growth, attracting wealthy individuals and businesses. Despite recent median price dips, long-term appreciation for both single-family homes and condos remains strong. Declining mortgage rates and a…

A Florida property investor has filed a lawsuit accusing a real estate broker of misappropriating over $121 million. The investor alleges the broker used her managerial role in several companies to divert funds intended for investment distributions into her personal accounts. Key Takeaways A Florida property investor claims a real estate broker stole $121 million. The funds were allegedly diverted from investment distributions to the broker’s personal accounts. The lawsuit was filed in state court. Allegations of Embezzlement The lawsuit, filed in state court, details accusations that the real estate broker systematically siphoned off substantial investment funds. The investor asserts…

Florida lawmakers are moving forward with a proposal that could significantly alter the state’s property tax landscape. A House committee has advanced a constitutional amendment that, if approved by voters, would phase out non-school homestead property taxes over ten years. This initiative, championed by Governor Ron DeSantis, aims to provide substantial tax relief to homeowners but has raised concerns among local governments about potential funding shortfalls for essential services. Key Takeaways A House proposal seeks to phase out non-school homestead property taxes over 10 years, culminating in a full exemption by 2037. The measure requires voter approval and aims to…

Robert Reffkin, Chairman and CEO of Compass, has once again been recognized as the most powerful individual in the real estate industry. This marks the second year in a row that Reffkin has secured the top spot on the prestigious Swanepoel Power 200 (SP 200) list, compiled annually by T3 Sixty. The ranking highlights Reffkin’s significant influence and strategic leadership within the sector. Key Takeaways Robert Reffkin of Compass maintains his position as the No. 1 most powerful person in real estate. Compass’s strategic acquisitions and improved profitability in 2025 were cited as key factors. Jeremy Wacksman of Zillow Group…

In a recent "Mission Success: Women in Multifamily" podcast episode, Jessica Melendez, Senior Vice President of Development at Related Group, shared her extensive experience navigating South Florida’s dynamic and highly competitive multifamily real estate market. Melendez discussed the unique challenges and opportunities present in the region, emphasizing the complexities developers face today. Key Takeaways The South Florida multifamily market remains robust but intensely competitive. Developers must contend with rising insurance premiums, unpredictable construction costs, and fluctuating interest rates. Leveraging relationships and strategic deal-making are crucial for success. Mentoring the next generation of real estate professionals is a key motivator. The…

Oracle co-founder Larry Ellison has significantly expanded his real estate footprint in South Florida, investing a staggering $450 million into two prime properties in the exclusive town of Manalapan. This substantial investment positions Ellison as a key player in transforming the affluent island community, located just 20 minutes from President Trump’s Mar-a-Lago estate, into a premier destination for the ultra-wealthy. Key Takeaways Oracle’s Larry Ellison has invested $450 million in Florida real estate. The investments are in Manalapan, a town 20 minutes from Mar-a-Lago. Ellison acquired a record-breaking estate and the Eau Palm Beach Resort & Spa. The move is…

Once a retirement paradise, Florida is becoming prohibitively expensive for many seniors. Skyrocketing real estate prices and an increasing cost of living are forcing retirees to seek more affordable destinations, challenging the Sunshine State’s long-held reputation as a prime retirement haven. This shift is impacting both long-term residents and international buyers. Key Takeaways Florida’s housing market has seen dramatic price increases, outpacing the national average. The overall cost of living in Florida is now higher than many other states. Lower-income households and those aged 55-64 are migrating away from Florida. Canadian buyers are selling Florida properties due to increased costs…

Charles Sowers, a dedicated real estate professional based in Panama City Beach, Florida, has been highlighted for his commitment to the profession. His profile emphasizes a strong dedication to staying current with industry advancements, ensuring clients receive top-tier service. Key Takeaways Charles Sowers is a Realtor based in Panama City Beach, FL. He is affiliated with Realty One Group Emerald Coast. His professional philosophy centers on continuous learning to benefit clients. Professional Background Charles Sowers operates out of Panama City Beach, Florida, with the office located at 1120 Thomas Dr, Panama City Beach, FL 32408. His professional address is 14…