Author: Florida Real Estate News

Florida lawmakers are once again poised to debate the legalization of accessory dwelling units, commonly known as "granny flats." These secondary housing units on existing residential lots, such as converted garages or detached studios, could see standardized regulations across the state if a new bill passes. This move aims to streamline the process for homeowners and potentially boost the availability of affordable housing options. Key Takeaways A proposed bill, SB48, seeks to mandate that cities and counties adopt ordinances allowing accessory dwelling units (ADUs). Current state law leaves ADU regulation to local governments, resulting in over 400 different sets of…

Luxury real estate advisor Carolina Rainer has officially affiliated with Compass, expanding her reach across both the vibrant Miami market and the exclusive Casa de Campo resort in the Dominican Republic. This strategic move positions Rainer to leverage Compass’s extensive network and resources to serve a discerning international clientele. Key Takeaways Carolina Rainer, a specialist in luxury waterfront properties, joins Compass. Her operations will span Miami and the Dominican Republic’s Casa de Campo. Rainer brings extensive experience in high-end real estate, including off-market and new development properties. Compass Regional Vice President Jeff Polashuk expressed enthusiasm for Rainer’s addition, highlighting her…

Florida Realtors has announced significant updates to its member services, including the rollout of revised and new contract forms, alongside the introduction of a comprehensive health insurance platform. These changes aim to streamline transactions, ensure compliance with evolving regulations, and provide enhanced benefits to its members across the state. Key Takeaways New and updated listing, leasing, and compensation forms are now effective. These forms align with current laws, local requirements, and National Association of Realtors (NAR) MLS policy changes. A new Health Plan Navigator, powered by Venteur, offers an all-in-one insurance solution for members. Updated Contract Forms Florida Realtors has…

Luxury branded condominiums are emerging as a superior investment in Fort Lauderdale, offering enhanced value, increased returns, and the assurance of trusted names. These properties consistently outperform unbranded counterparts, demonstrating significant advantages for both buyers and investors in the thriving South Florida real estate market. Key Takeaways Branded residences command premium pricing, typically 25-35% higher than unbranded properties. They generate notably higher resale values (up to 30% more) and rental income (15-20% increase). Appreciation rates in Broward County for branded properties have exceeded standard developments, sometimes by over 120%. Pre-construction opportunities offer favorable entry prices and long-term growth potential. The…

The recent election of Zohran Mamdani as New York City’s mayor has triggered a significant surge in Florida real estate investments, with New Yorkers reportedly fleeing the city due to concerns about the incoming administration’s progressive policies. Developers in Miami have noted a substantial increase in interest and capital from New York buyers, leading to over $100 million in signed contracts in recent months. Key Takeaways New York City’s mayoral election of Zohran Mamdani has led to a significant influx of investment into Florida’s real estate market. Miami developers report over $100 million in contracts from New York buyers in…

Florida’s housing market is showing robust signs of activity, with increased closed and pending sales in November 2025. This surge is attributed to easing mortgage rates and a persistent influx of new residents, driving sustained demand. While prices are showing slight year-over-year declines, the market remains balanced, with experts predicting continued growth through 2030. Key Takeaways November 2025 saw a year-over-year increase in both single-family home sales (3.4%) and condo/townhouse sales (1.6%). Pending sales also rose, with single-family homes up 2.7% and condos/townhouses up 5.2% compared to the previous year. Statewide median prices saw minor decreases: single-family homes down 0.2%…

A sprawling Mediterranean-style estate in Manalapan, Florida, reportedly linked to Fox News host Sean Hannity, has been listed for sale at $44.9 million. The property, which includes furnishings, boasts extensive waterfrontage on both the Intracoastal Waterway and the ocean, offering a luxurious coastal lifestyle. Key Takeaways A trust associated with Sean Hannity has listed an eight-bedroom estate in Manalapan, Florida, for $44.9 million. The property features 20,106 square feet of living space and 150 feet of frontage on both the Intracoastal Waterway and the ocean. The estate was purchased by a trust linked to Hannity for $25.95 million in November…

Prospective homebuyers in South Florida are bracing for a shifting market in 2026. After a soft 2025 characterized by high insurance costs, elevated mortgage rates, and a cooling demand post-pandemic, the landscape is poised for change. Anticipated interest rate cuts by the Federal Reserve could inject new life into the market, potentially increasing competition and driving up prices. Key Takeaways A buyer’s market in 2025 may transition as interest rates fall. Lower mortgage rates are expected to boost buyer interest. Increased competition could favor sellers later in 2026. Navigating the 2025 Market Conditions The real estate market in South Florida…

West Palm Beach-based Sterling Organization has acquired the Bristol Plaza, a significant shopping center located in Bristol, Connecticut. The acquisition, made on behalf of the company’s $600 million institutional value-add fund, Sterling Value Add Partners IV, signals the firm’s intent to further enhance the property’s value. Key Takeaways Florida’s Sterling Organization has purchased the 263,000-square-foot Bristol Plaza. The plaza is anchored by Stop & Shop and includes national tenants like T.J. Maxx and Burlington. Sterling Organization plans to leverage its operational expertise to increase the property’s value. Strategic Acquisition In Connecticut Sterling Organization, a private equity real estate investment company,…

Florida is on the cusp of a potential property tax overhaul in 2026, with Governor Ron DeSantis championing proposals to significantly reduce or even eliminate property taxes for primary residences. This ambitious plan faces strong opposition from local leaders concerned about funding essential services, setting the stage for a pivotal legislative and electoral battle. Key Takeaways Proposals aim to eliminate property taxes on homesteaded properties, potentially impacting around 70% of the current tax base. Local governments warn of drastic cuts to essential services like police and fire departments if property tax revenue is eliminated. Potential funding replacements include significant sales…