Author: Florida Real Estate News
Foreign investment continues to pour into Florida’s real estate market, with a significant portion originating from Latin America. This trend highlights the state’s enduring appeal as a stable and profitable destination for international capital, particularly amidst economic and political uncertainties in South American nations. Key Takeaways Latin American buyers accounted for $367 million in South Florida real estate transactions between August 2023 and July 2024. These investments represent 29% of all foreign real estate investments in the United States. 91% of these buyers acquire property for investment purposes, such as rental income or vacation rentals. A substantial 68% pay in…
In a significant move for Hawaii’s real estate landscape, a joint venture involving MW Group, funds affiliated with Blackstone Real Estate, and DivcoWest has agreed to acquire Alexander & Baldwin (A&B) in an all-cash deal valued at approximately $2.3 billion, including debt. This transaction will transition A&B, a prominent Hawaii-based commercial real estate owner, operator, and developer, into a private company. Key Takeaways A joint venture led by MW Group, Blackstone Real Estate, and DivcoWest will acquire Alexander & Baldwin. The deal is valued at approximately $2.3 billion, including outstanding debt. A&B will transition from a public to a private…
Florida Governor Ron DeSantis is advancing a significant proposal aimed at eliminating property taxes for primary residences by 2026. This ambitious plan, which requires voter approval, seeks to alleviate the financial burden on homeowners, particularly in light of rising property values and local government spending. However, the proposal faces scrutiny regarding its potential impact on local government funding and the broader economy. Key Takeaways Goal: To completely eliminate property taxes for homesteaded residents in Florida. Timeline: Aims for a 2026 ballot measure requiring 60% voter approval. Potential Impact: Could increase home values by 7-9% but may necessitate higher sales taxes…
Florida’s dynamic real estate landscape is drawing significant attention from investment firms, with a pronounced focus on the multifamily and commercial property sectors. Several key players are expanding their presence and capabilities within the state, signaling strong confidence in its continued growth and investment potential. Key Takeaways Major real estate investment firms are increasing their focus on Florida. Multifamily and commercial properties are primary targets for investment. New offices and expanded teams indicate a long-term commitment to the state. Expanding Footprints in the Sunshine State Global real estate investment adviser Eastdil Secured has bolstered its Florida operations by hiring Nick…
A lavish waterfront mansion in Bal Harbour, owned by oil trader Mark Fisher, has once again hit the market for $78 million. This marks the third time the opulent property has been listed, signaling a robust trend of high-value listings in South Florida’s luxury real estate sector. The re-listing comes as other multi-million dollar estates, including a $200 million home on Indian Creek and a $185 million property in Palm Beach, also recently appeared on the market. Key Takeaways Oil trader Mark Fisher has relisted his $78 million Miami mansion. The luxury South Florida real estate market is experiencing a…
Florida is experiencing a significant boom in its build-to-rent (BTR) housing market, with developers rapidly constructing single-family homes specifically for rental purposes. This trend offers an alternative to traditional apartment living and the financial hurdles of homeownership, addressing a growing need for accessible housing solutions across the state. Key Takeaways Florida ranks among the top states for build-to-rent construction, with thousands of new single-family rental homes in development. High mortgage rates, down payment requirements, and rising insurance costs are key drivers pushing more Floridians towards renting. BTR communities provide a lifestyle similar to single-family homeownership without the associated financial burdens.…
Hillsborough County Property Appraiser Bob Henriquez recently hosted the "State of the Market" event, bringing together local and national experts to analyze current real estate trends. The discussions focused on housing demand, inventory fluctuations, and future expectations for the Tampa Bay area, highlighting a market in transition. Key Takeaways Tampa continues to show robust growth compared to other national metropolitan areas. Rising housing costs are prompting residents to move further from the city center, increasing commute times. Strategic development and increased density are seen as potential solutions to housing pressures. Inventory levels have increased, offering more opportunities for buyers. While…
Miami is emerging as a premier destination for affluent families seeking to relocate and secure their legacy. This guide offers a data-driven approach to navigating the complexities of moving to South Florida, focusing on lifestyle, education, and long-term financial strategy. It aims to provide clarity and insider knowledge for a seamless transition. Key Takeaways A strategic, data-backed approach is crucial for high-net-worth families relocating to Miami. The guide emphasizes hyper-local analysis, comprehensive school information, and new construction intelligence. It addresses critical do’s, don’ts, and potential pitfalls, including flood zones and HOA complexities. Off-market access and advanced comparison tools are provided…
Sonny Harnish, a dedicated REALTOR® with Showcase Properties, has found his niche in Ocala, Florida, a place he now calls home. His journey to this vibrant equestrian community is a testament to his passion for horses and his appreciation for the unique lifestyle Ocala offers. A Passion for Horses Sonny’s lifelong connection with horses began in his childhood. While living in Panama as an adult in the 1990s, he developed a particular fondness for Peruvian Pasos, even owning some during that period. This deep-seated love for equines would later play a pivotal role in his decision to settle in Ocala.…
Despite prevailing market concerns, South Florida’s real estate sector is experiencing a surge in significant transactions and new development projects. Investors are showing strong confidence in the region, driving substantial capital into various property types and signaling a robust outlook for the area’s economic future. Key Takeaways Miami ranks as the second most attractive market for commercial real estate investment in 2025. A $1 billion real estate fund is being launched with the backing of Donald Trump Jr. to focus on South Florida development. A 10-property open-air retail portfolio in Florida and South Carolina recently sold for $395.5 million. South…