Author: Florida Real Estate News
The Florida Housing Market: What to Expect in 2025 Amid various projections about the country’s real estate landscape, Florida is making headlines as one of the most promising regions for home buyers and investors alike. As we approach 2025, both South and Central Florida are anticipated to be among the hottest housing markets in the United States, thanks to a combination of appealing factors. Top Florida Real Estate Markets in 2025: Miami and Orlando Why Is Florida Getting So Much Attention? Several key elements contribute to Florida’s burgeoning reputation in the real estate sector: Climate: Warm weather year-round makes the…
Luxury Real Estate on Siesta Key: A New Era of Opulence Siesta Key has long been synonymous with waterfront living, but the luxury real estate market is undergoing a remarkable transformation, with properties reaching unprecedented price points. Two standout listings, both nearing the $30 million mark, are redefining luxury in this coastal paradise. The Crystal Waters Estate: A $31.5 Million Marvel Key Features: Location: 8501 Midnight Pass Road Size: 11,606 square feet Lot Size: 2.7 acres Price: $31.5 million Amenities: 1,600-square-foot guesthouse State-of-the-art gym Infinity pool overlooking Little Sarasota Bay 90-foot dock for boating enthusiasts This estate has garnered significant…
South Florida Condo Market Faces Sharp Decline Amid Rising HOA Fees and Stricter Building Laws The South Florida condo market is experiencing a significant downturn as condo sales in Miami-Dade, Broward, and Palm Beach counties plunged dramatically in April. This trend reflects growing buyer caution related to increasing homeowner association (HOA) fees, escalating costs for maintaining aging buildings, and overarching economic uncertainties in the U.S. Why the South Florida Condo Market Is Struggling The surge in condo inventory in South Florida started months prior to December 31, 2024, the deadline for an essential building safety inspection mandated by new Florida…
Miami Real Estate Market Booms Post-Election A Surge of Buyer Activity With the recent presidential election concluded, many prospective buyers who had been waiting in the wings are now making significant purchases in the Miami real estate market. Eddie Blanco, the 2025 Chairman of MIAMI, noted: "Now that the presidential election is over and we have more certainty, buyers who have been waiting on the sidelines are now making moves." This renewed interest comes as South Florida continues to excel in various real estate metrics, including: Price appreciation Migration Luxury sales Global buyer engagement Despite mortgage rates hovering around 7%,…
Broward County Embraces Condo Development Boom South Florida’s real estate landscape is undergoing a significant transformation, and Broward County is stepping into the spotlight as developers see a flourishing market for luxury condominiums. Often overshadowed by its pricier neighbors, Miami-Dade and Palm Beach, Broward is quickly becoming a desirable destination for upscale living. The Surge in Luxury Condos In the aftermath of South Florida’s pandemic real estate boom, developers are betting on a strong demand for luxury condos in Broward’s coastal neighborhoods. Currently, nearly two dozen projects with over 3,900 units are in the development pipeline, as analyzed by The…
The Current Landscape of the Palm Beach Condo Market The condo market in the Palm Beach area is evolving, presenting a wealth of opportunities for retirees, seasonal residents, and anyone looking for a luxurious, low-maintenance living experience. With an array of new developments and high-rise buildings in West Palm Beach and Boca Raton, prospective buyers are navigating a market filled with both challenges and exciting prospects. Market Overview: Rising Demand Amid Stiff Challenges New Developments Surge Ahead Recent innovations in luxury condominiums in Palm Beach are attracting a diverse clientele: Key Developments: Projects such as Glass House, ALINA, and Mr.…
Investigation of Masters Golf Trip Sparks Controversy in Hillsborough County State officials are currently looking into a trip taken by Hillsborough County School Superintendent Van Ayres and County Commissioner Ken Hagan, to the prestigious Masters golf tournament. Accompanying them was Jonathan Graham, the head of HORUS Construction Services, the same firm that later received a no-bid contract from the district. This development has triggered a firestorm of discussion, particularly in conservative political circles. Key Details of the Trip Participants: Van Ayres, Superintendent of Hillsborough County Schools Ken Hagan, Republican County Commissioner Jonathan Graham, Head of HORUS Construction Services Possible participation…
Potential Changes to Property Tax Laws: A Look at Florida and Beyond As discussions surrounding housing affordability continue, the idea of eliminating property taxes is gaining traction in various states, particularly Florida. This move, suggested by leaders like Governor Ron DeSantis, has sparked debates about its potential impact on the housing market, local communities, and homeowners. The Proposition of Eliminating Property Taxes Concept Overview: Local governments in several states are considering the abolition of property taxes as a means to lessen the financial burden on homeowners. Governor’s Support: Florida Governor Ron DeSantis has expressed a willingness to support such measures,…
Real Estate Investing: Insights from Seth Jones Investing in real estate can be a rewarding venture, and learning from those who have navigated the waters successfully is invaluable. Seth Jones, a 36-year-old investor based in Port Orange, Florida, shares his journey in building and diversifying his real estate portfolio, offering insights for aspiring investors. Early Influences and Career Transition Seth’s passion for real estate began with foundational books like Rich Dad, Poor Dad and The Millionaire Real Estate Investor. After leaving the military at 22, he aimed to become a real estate agent to pave the way for future investments.…
Florida’s Real Estate Boom: Building Amidst Storms and Challenges Florida’s real estate landscape is evolving dramatically, particularly in high-risk flood areas. Despite the damage left by recent hurricanes, new developments continue to rise, catching the attention of potential homeowners and investors alike. Building in High-Risk Areas Resilient Construction: New communities like La Linda Estates are currently underway on barrier islands, even in flood-prone zones. Since 2019, Florida has added 77,000 new properties in high-risk flood areas, leading the nation in such developments. Wall Street Journal Storm Resilience: While hurricanes like Helene and Milton have wreaked havoc, many developers are still…