Author: Florida Real Estate News

Welcome to THE WELL Coconut Grove, an extraordinary new development redefining wellness-centric living in the heart of Miami’s iconic Coconut Grove neighborhood. Located at 2855 Tigertail Ave., Miami, FL 33133, this project is conceived by a visionary developer dedicated to merging luxury, sustainability, and holistic well-being. With an anticipated delivery year of 2026 and featuring 54 exclusive wellness residences, THE WELL Coconut Grove sets a new benchmark for boutique luxury in one of Miami’s most beloved districts. The Vision & Distinctive Architecture THE WELL Coconut Grove fuses contemporary tropical architecture with biophilic design, creating a sanctuary where modern luxury meets…

Prestige Cos. and Brunetti Organization have successfully completed Flamingo Village, a significant 341-unit residential community in Hialeah, Florida. This development, financed by a $60.7 million construction loan from Centennial Bank, represents the first multifamily project within the expansive 200-acre Hialeah Park Race Trak & Casino. Key Takeaways Flamingo Village, a 341-unit community, has been completed by a joint venture of Prestige Cos. and Brunetti Organization. The project utilized a $60.7 million construction loan from Centennial Bank. It is the inaugural multifamily development at the Hialeah Park Race Trak & Casino, signaling a shift towards a mixed-use destination. The community offers…

A unique Frank Lloyd Wright-designed Usonian home, part of a planned community in Galesburg, Michigan, has recently experienced a substantial price reduction. Originally listed at $2.25 million, the property is now available for $1.4 million, marking a significant opportunity for prospective buyers interested in architectural history. Key Takeaways A Frank Lloyd Wright Usonian home in Galesburg, Michigan, has been reduced in price from $2.25 million to $1.4 million. The home was designed for a community of twelve scientists from the Upjohn pharmaceutical company. The Usonian concept emphasized simplicity, form, and function, allowing for self-building or limited assistance. The community was…

A Tampa-based real estate investment firm, RAD Diversified REIT Inc., is currently under investigation by Florida Attorney General James Uthmeier’s Office for potential violations of the state’s Deceptive and Unfair Trade Practices Act. The probe centers on allegations that the company and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, may be operating a Ponzi scheme. Key Takeaways Florida Attorney General’s Office is investigating RAD Diversified REIT Inc. for deceptive practices. Owners Brandon “Dutch” Mendenhall and Amy Vaughn are specifically named in subpoenas. The investigation is looking into potential Ponzi scheme allegations based on investor complaints. Investors claim they are…

Governor Ron DeSantis’s push to eliminate property taxes in Florida could lead to a significant increase in home prices, potentially by as much as 7% to 9%. While this offers a financial boon to existing homeowners, experts warn it could exacerbate affordability issues for first-time buyers and renters, while also impacting local government services. Key Takeaways Eliminating property taxes could boost Florida home values by 7-9%. This increase would primarily benefit current homeowners, potentially widening the affordability gap for new buyers. Local governments heavily rely on property taxes, and their elimination could strain public services like police and fire departments.…

Miami Beach is preparing to unveil a striking new public art installation, a "Bird House" sculpture designed by acclaimed artist Michele Oka Doner. This significant addition to the city’s cultural landscape promises to be a captivating landmark, blending artistic vision with the natural environment. Key Takeaways A new "Bird House" sculpture by Michele Oka Doner is planned for Miami Beach. The artwork aims to enhance the city’s public art offerings and connect with nature. The project signifies a commitment to enriching Miami Beach’s cultural and aesthetic appeal. A Visionary Addition to Miami Beach The upcoming "Bird House" sculpture by Michele…

A new study by Florida Tax Watch has ranked all 67 counties in Florida based on property taxes, providing a factual basis for ongoing discussions about tax reduction and potential elimination. The report comes as Republican leaders in the state are prioritizing property tax cuts in the upcoming legislative session. Key Takeaways The statewide average of per capita tax levies stands at $2,397.57. Palm Beach County ranks fourth overall in per capita property taxes. St. Lucie County leads the state in average millage rate. Port St. Lucie has experienced significant property tax growth over the past decade. State officials are…

A New York-based property investment company has made its inaugural acquisition in the vibrant Miami-Dade real estate market, signaling a significant expansion for the firm. This strategic move into South Florida’s dynamic economic landscape marks a new chapter for the company, aiming to leverage the region’s growth potential. Key Takeaways A New York property investment company has acquired its first real estate asset in Miami-Dade. This acquisition represents a strategic expansion into the South Florida market. The move indicates confidence in the region’s real estate growth potential. Strategic Expansion into South Florida Catalyst Investment Partners, a New York-based entity, has…

John Waas, a dedicated professional in the real estate industry, has been recognized for his unwavering commitment to lifelong learning. Based in Pensacola, Florida, Waas emphasizes the importance of continuous education in the ever-evolving real estate market. Key Takeaways John Waas believes in the necessity of ongoing learning within the real estate sector. He approaches his profession with a mindset of daily discovery and continuous improvement. Waas views his career in real estate as a personal journey of lifelong learning. A Philosophy of Growth Waas, affiliated with John Waas Realty LLC, operates out of Pensacola, Florida. His philosophy centers on…

Billionaire developer Stephen Ross is spearheading a significant real estate initiative to bring electric vertical takeoff and landing (eVTOL) aircraft, or flying taxis, to South Florida. This ambitious project aims to alleviate the region’s escalating traffic congestion by introducing a new mode of aerial transportation, with initial test flights anticipated as early as next year. Key Takeaways Stephen Ross, through his company Related Companies, is partnering with Archer Aviation to develop infrastructure for flying taxis. The initiative seeks to address South Florida’s severe traffic congestion, exacerbated by rapid population growth. Archer Aviation plans to begin test flights in 2026, with…