Author: Florida Real Estate News

STOCK Residences has officially launched sales for The Park Residences, the final phase of The Ritz-Carlton Residences in Naples. This exclusive offering represents the last chance for buyers to acquire a home within this prestigious Gulf-front enclave. The development is strategically located between the Gulf of Mexico and Vanderbilt Lagoon, nestled between two renowned Ritz-Carlton properties. Key Takeaways Sales are now open for The Park Residences, the final phase of The Ritz-Carlton Residences in Naples. This development offers the last opportunity to purchase within the exclusive Gulf-front enclave. Closings for the sister Tower and Bay Residences are expected to begin…

Florida lawmakers are gearing up for a special legislative session that could determine the fate of property taxes for homeowners. A proposal to eliminate homestead property taxes, championed by the House and supported by Governor Ron DeSantis, faces a crucial vote in the Senate. If passed and approved by voters, this could fundamentally alter Florida’s tax landscape. Key Takeaways A special legislative session in April is critical for advancing a bill to eliminate homestead property taxes. The proposal requires voter approval with a 60% supermajority in the November 2026 election. Potential funding replacements include increased sales tax or reduced local…

Core Investment Management has successfully acquired Jacaranda Plaza, a prominent 175,084-square-foot shopping center in Plantation, Florida. The deal, brokered by JLL Capital Markets, saw Core Investment Management purchase the asset from a joint venture between Epic Real Estate Partners and Heitman. JLL also facilitated the acquisition loan through U.S. Bank for the new owner. Key Takeaways Core Investment Management has acquired Jacaranda Plaza, a 175,084 sq ft shopping center in Plantation, Florida. The center is anchored by a high-volume Publix and is 97.9% leased. JLL Capital Markets represented the seller and arranged acquisition financing for the buyer. A Strategic Acquisition…

West Palm Beach welcomes a new era of sophisticated living with the debut of Banyan Tree Residences, the brand’s inaugural residential project in the United States. This development emphasizes wellness, privacy, and spaciousness, offering a unique lifestyle-oriented approach to the luxury market. Developed by Mast Capital and Curated JCZM Development, the project features 88 exclusive residences, striking a balance between boutique charm and comprehensive services. Key Takeaways Exclusive Low-Density Living: Only 88 residences, with a focus on privacy and space. Renowned Design: Architecture by OMA and interiors by Yabu Pushelberg. Wellness-Centric Approach: Prioritizes a lifestyle focused on well-being. Strategic Location:…

West Palm Beach welcomes a new era of refined living with the debut of Banyan Tree Residences, the brand’s first U.S. residential project. Known globally for its emphasis on wellness and understated luxury, Banyan Tree introduces a lifestyle-oriented approach prioritizing privacy, space, and livability. Developed by Mast Capital and Curated JCZM Development, the project features 88 exclusive residences, offering a unique balance between boutique intimacy and comprehensive services. Key Takeaways Exclusive Low-Density Living: With only 88 residences, the development emphasizes privacy and spaciousness. World-Class Design: Architectural vision by OMA and interiors by Yabu Pushelberg. Wellness-Focused Lifestyle: Prioritizes a holistic approach…

PROFILEmiami hosted its 3rd Annual PROFILE Design Summit 2026 at the Atrium at Trackside in Wynwood, bringing together leading architects, developers, and designers. The event, in partnership with Sexy Bedding and Eclectic Elements, focused on the evolving definition of luxury, emphasizing human longevity, wellness, and long-term livability, alongside the economic impact of design. Key Takeaways Wellness is no longer an amenity but the foundation of modern luxury. Design excellence is a critical differentiator influencing market performance and long-term asset value. Landscape design is evolving into a core component of lifestyle and value creation. Early collaboration between developers, architects, and builders…

Broward County is facing a significant affordable housing crisis, with a stark shortage of available units for its working population. Despite ongoing initiatives and some new developments, the pace of construction is failing to keep up with the escalating demand, leaving many residents struggling to find suitable and affordable places to live. Key Takeaways Broward County lags behind Miami-Dade in affordable housing construction. A significant portion of Broward residents are "cost-burdened," spending over 30% of their income on housing. Initiatives like "Housing United" and county funding are aimed at addressing the deficit. Limited land availability and community opposition pose challenges…

A recent incident where a Florida insurance company denied a $100,000 vandalism claim has raised significant concerns for Canadian snowbirds. This situation highlights potential pitfalls for Canadians who own or rent property in the United States, particularly regarding insurance coverage and the complexities of cross-border property ownership. Key Takeaways Canadian snowbirds need to be aware of specific policy limitations when insuring U.S. properties. Understanding the terms and conditions of U.S. insurance policies is crucial to avoid unexpected claim denials. Vandalism coverage can be particularly nuanced and may require specific endorsements. The Case of the Denied Claim The core of the…

Andretti Thrill Park, a beloved family entertainment venue on Florida’s Space Coast, has permanently closed its gates after 27 years of operation. The race car-themed park, co-founded by the late NASCAR driver John Andretti, will be redeveloped into an apartment complex, marking a trend of theme park land being repurposed for lucrative real estate projects. Key Takeaways Andretti Thrill Park in Melbourne, Florida, has closed after 27 years. The park will be replaced by an apartment complex with over 300 units. The closure was driven by rising maintenance costs for the aging facility and the high value of the land…

South Florida continues to solidify its position as the premier U.S. destination for international real estate investment, with Miami leading the nation in attracting foreign capital. Latin American buyers are at the forefront, drawn by the region’s stability, strong property rights, and potential for long-term returns. Key Takeaways Miami-Dade County saw 15% of residential sales to international buyers in 2025, significantly above the national average. Latin America, particularly Colombia and Argentina, represents the largest source of foreign investment. International buyers invested approximately $4.4 billion in South Florida real estate in 2025. Capital security, the U.S. legal framework, and Miami’s strategic…