Author: Florida Real Estate News

Florida’s luxury real estate market is experiencing a surge, marked by significant sales and exclusive new listings across the state. From the pristine Gulf Coast of Naples to the exclusive enclaves near Palm Beach, high-net-worth individuals are investing in prime waterfront properties. This trend highlights the enduring appeal of Florida’s coastal lifestyle and its status as a premier destination for luxury real estate. Key Takeaways A Naples beachfront estate listed for $39 million offers unparalleled luxury and direct Gulf access. An ocean-to-lake lot near Palm Beach sold for nearly $27.5 million, underscoring demand for unique waterfront parcels. A Ponte Vedra…

Boynton Beach is set to welcome "The Dune," a significant new development by Affiliated Development. This project aims to address the housing crisis by offering a mix of affordable apartments and townhomes, enhancing the community’s housing options. The development is designed to provide quality living spaces while maintaining affordability for a range of income levels. Key Takeaways The Dune will feature 336 residential units, including 298 apartments and 38 townhomes. A substantial portion of units (198) will be designated for households earning 80% to 120% of the area median income. The project leverages state and local initiatives like the Live…

Tampa, Florida – A prominent Florida real estate investment firm, RAD Diversified, is currently embroiled in a widening scandal, facing intense scrutiny from state and federal authorities. Investors are reporting significant losses, with tens of millions in assets allegedly missing, prompting investigations into potential deceptive practices and even a suspected Ponzi scheme. Key Takeaways RAD Diversified, co-founded by Brandon "Dutch" Mendenhall and Amy Vaughn, is under investigation by the Florida Attorney General and the SEC. Investors claim income distributions have ceased, and their principal investments are unaccounted for, with an estimated $100 million in assets missing. The company promoted various…

Florida’s housing market demonstrated signs of stabilization towards the end of 2025, with key indicators suggesting a more balanced and opportunity-rich environment heading into 2026. Following a period of volatility, the market is showing positive momentum driven by easing mortgage rates, steady population growth, and a resurgence in buyer demand. Key Takeaways Closed sales of existing single-family homes saw a slight year-over-year increase in 2025. Inventory levels are returning to normal seasonal patterns, indicating a healthier supply. Statewide median prices are stabilizing, moving towards a more sustainable range. Easing mortgage rates, particularly in the latter half of 2025, have stimulated…

Miami-based Pinnacle Housing has secured $68 million in construction and equity financing for Caribbean Isles, a new 142-unit affordable senior housing community in Miami. The development, aimed at individuals aged 62 and over earning 60 percent of the area median income, is a collaboration with South Miami Heights Community Development Corp. and is slated for completion in 2027. Key Takeaways $68 million in financing secured for Caribbean Isles, a 142-unit affordable senior housing project. Project targets seniors aged 62+ earning 60% of AMI. Bank of America and Chase Bank are key lenders, with Miami-Dade County also providing funds. Community will…

Bain Capital and 11North Partners have jointly acquired a portfolio of ten open-air retail centers for approximately $395 million. The strategic acquisition spans prime locations across Florida and South Carolina, bolstering the partners’ presence in high-growth Sun Belt markets. This move underscores a continued focus on necessity-based retail. Key Takeaways Bain Capital and 11North Partners acquired 10 open-air retail centers for $395 million. The portfolio is primarily anchored by Publix and includes a mix of national and daily-needs tenants. Properties are located in high-demand Florida submarkets and Charleston, South Carolina. The joint venture aims to acquire and operate open-air retail…

A condominium in St. Petersburg, Florida, has experienced a staggering price drop of nearly 50% over the past decade, signaling broader challenges within the state’s housing market. This significant decline, from approximately $489,000 in 2016 to $249,000 currently, highlights a trend of decreasing values, particularly for older properties facing substantial repair costs and increased ownership expenses. Key Takeaways A St. Petersburg condo’s value has fallen by 49% in 10 years, from $489,000 to $249,000. The decline is linked to deferred maintenance, increased assessments, and new building safety regulations post-Surfside collapse. Rising ownership costs, including HOA fees and insurance, are contributing…

Cynthia Birge, a dedicated real estate professional, has been recognized for her commitment to excellence in the industry. This achievement underscores her adherence to high standards of professionalism and ethics in her real estate practice. Key Takeaways Cynthia Birge has earned a significant professional endorsement. The designation highlights her dedication to professionalism, ethics, and excellence. Professional Recognition Cynthia Birge has been acknowledged for her commitment to the highest standards within the real estate profession. This endorsement serves as a testament to her unwavering dedication to ethical practices and superior service delivery. Commitment to Excellence Birge’s achievement reflects a deep-seated commitment…

Despite ongoing economic uncertainties and shifts in consumer behavior, the retail sector is expected to maintain a steady and resilient performance heading into 2026. Experts anticipate a landscape not drastically different from the previous year, with a focus on experiential retail, convenience, and value-driven offerings. Key Takeaways Retail has proven to be a robust commercial real estate asset class, outperforming more volatile sectors. Experiential retail, convenience, and price sensitivity remain key drivers of consumer spending. Grocery and discount retailers are leading the market, though facing their own set of challenges. Limited new construction and repurposing of existing spaces are expected…

The Florida State Board of Administration (SBA) has significantly expanded its real estate holdings, committing substantial capital across various sectors in recent quarters. These strategic investments, totaling over $1.57 billion in the second quarter alone, target diverse asset classes including industrial, medical office, residential, and retail properties across the United States. The SBA has partnered with leading investment managers such as Invesco Real Estate, Heitman, and MetLife Investment Management to execute these transactions. Key Takeaways Florida SBA invested approximately $1.57 billion in real estate during the second quarter. Investments span industrial, medical office, apartment complexes, student housing, single-family rentals, and…