Author: Florida Real Estate News

Stacy Plean, a dedicated real estate professional based in Boynton Beach, Florida, has been highlighted for her commitment to client education and industry knowledge. Plean, affiliated with LoKation real estate, emphasizes the importance of thoroughly explaining the homeownership process to her clients, ensuring they are well-informed. Key Takeaways Stacy Plean is a recognized real estate professional in Florida. She is committed to educating clients about homeownership. Plean is associated with the LoKation brokerage. A Commitment to Client Understanding Plean’s philosophy centers on empowering individuals with a clear understanding of all aspects involved in owning a home. This dedication to transparency…

Pebblebrook Hotel Trust has successfully finalized the sale of the 133-key Montrose at Beverly Hills, located in West Hollywood, for a sum of $44.25 million. This strategic divestment is part of the company’s ongoing efforts to optimize its portfolio and enhance shareholder value. Key Takeaways Pebblebrook Hotel Trust sold the Montrose at Beverly Hills for $44.25 million. The sale price represents an EBITDA multiple of 16.1x and a NOI cap rate of 5.2%. Proceeds will be used for general corporate purposes, including debt reduction and share repurchases. Another hotel sale is expected to close in Q4 for $72.0 million. Transaction…

The recent election of Zohran Mamdani as New York City’s new mayor has triggered a significant surge in South Florida real estate interest and transactions. Developers report a substantial increase in deals with New York buyers, with some firms closing over $100 million in contracts. This influx is attributed to "nervous" New Yorkers concerned about potential policy changes, including rent freezes and tax increases, and their impact on the city’s quality of life and safety. Key Takeaways A significant increase in New York buyers is driving South Florida’s real estate market. Concerns over Mayor-elect Zohran Mamdani’s progressive platform are a…

Swire Properties has officially launched sales for the North Tower of The Residences at Mandarin Oriental, Miami. This new phase introduces 70 two- to four-bedroom Private Residences and will house Mandarin Oriental’s new North American flagship hotel. The development, slated for completion in 2030, promises an ultra-luxury living experience on Brickell Key, with prices for the North Tower residences starting at $3.9 million. Key Takeaways Sales have commenced for the North Tower of The Residences at Mandarin Oriental, Miami. The North Tower will feature 70 Private Residences and the new Mandarin Oriental flagship hotel. Pricing for Private Residences begins at…

Oracle co-founder Larry Ellison is making a significant splash in Florida’s luxury real estate market, investing a staggering $450 million to transform the exclusive town of Manalapan into a haven for the ultra-wealthy. The tech magnate’s ambitious plans include developing a high-end town just a short drive from President Trump’s Mar-a-Lago estate, signaling a growing trend of mega-rich individuals flocking to the Sunshine State. Key Takeaways Larry Ellison has invested $450 million in Florida real estate, focusing on the town of Manalapan. His acquisitions include a record-breaking $173 million estate and the $277 million Eau Palm Beach Resort & Spa.…

Broward County is experiencing a significant boom in real estate development, marked by groundbreaking ceremonies for new projects and substantial land acquisitions. This surge indicates a growing confidence in the region’s economic future and its appeal to developers and residents alike, transforming the county’s landscape. Key Takeaways A massive $1 billion mixed-use development is planned for 170 acres in Coconut Creek. Hallandale Beach is preparing for a wave of new real estate projects. The Miami Seaquarium site is under new ownership with plans for a conservation and research center. Fort Lauderdale is becoming a hotspot for luxury condominium development. Major…

Palm Beach’s exclusive ultra-luxury real estate market is experiencing a significant boom, attracting ultra-high-net-worth individuals and high-profile buyers. This surge contrasts sharply with a cooling trend observed in other Florida markets, particularly Miami-Dade and Broward counties. The influx of affluent buyers into Palm Beach is driving record-breaking sales, especially for properties valued at $5 million and above. Key Takeaways Palm Beach’s ultra-luxury real estate market is thriving, with sales of homes $5 million and above tripling year-over-year in early 2025. The median listing price in Palm Beach has increased by nearly 40% from November 2020 to November 2024, driven by…

A sprawling 4-acre ocean-to-Intracoastal property in Manalapan, Florida, has undergone a dramatic price reduction, now asking $75 million. This significant price cut comes after the estate was initially listed for a staggering $285 million with pre-approved plans for what would have been the most expensive new-construction home in the United States. The shift in pricing reflects evolving market dynamics and a strong buyer preference for land over pre-designed luxury residences. Key Takeaways A 4-acre Florida property, once listed for $285 million, is now available for $75 million. The estate is adjacent to the Florida compound of Oracle co-founder Larry Ellison.…

Reality television personality and renowned real estate agent Josh Flagg, known for his role on Bravo’s "Million Dollar Listing," has officially listed his own stunning Los Angeles residence. The sale of his personal home comes as a surprise to many, given his deep involvement in the high-end real estate market. A Glimpse Inside Flagg’s Personal Oasis The property, located in the exclusive enclave of Beverly Hills, offers a luxurious lifestyle that mirrors the opulent homes Flagg typically sells. While specific details about the interior are scarce, the listing suggests a property designed for sophisticated living and entertaining, characteristic of Flagg’s…

Hillsborough County Property Appraiser Bob Henriquez recently announced that residential property values in the Tampa Bay area have stabilized, with minimal increases expected in 2025 assessments. This stabilization suggests that local governments may not see the substantial property tax revenue growth of recent years, potentially impacting budget funding. Key Takeaways Residential property assessments in Hillsborough County are expected to show little change for 2025. Factors contributing to the cooling market include high interest rates, rising insurance costs, and hurricane damage concerns. The Property Appraiser’s office is responsible for assessing values based on market data, not for setting or collecting taxes.…