Author: Florida Real Estate News
Festival Flea Market Mall in Pompano Beach Set to Close After Decades of Service The Festival Flea Market Mall in Pompano Beach, a beloved shopping destination for Broward County residents and beyond, is closing its doors after nearly four decades. Originally launched as the Pompano Outlet Mall in 1986, the marketplace was revitalized in 1991 as the Festival Flea Market Mall, transforming into a sprawling retail hub covering over 390,000 square feet. This diverse marketplace has long been a community staple, offering everything from jewelry and handbags to cigars, shoes, perfumes, and outdoor furniture. The End of an Era: Closure…
The Location of New Oceanfront Condos in South Florida As demand for Oceanfront Condos in South Florida continues to surge, prospective buyers are eager to explore the available options. While many may assume that these luxurious residences are widely accessible throughout the region, the truth is quite different. The inventory of Oceanfront Condos varies greatly by location, with a significant concentration in specific areas. Where Are the Majority of New Oceanfront Condos Found? Statistics show that over 90% of new and recently constructed Oceanfront Condos are primarily located in Miami-Dade County. The cities leading this trend include: Sunny Isles Beach…
Miniature Horses: The Pint-sized Companions Delivering Full-sized Fun Photo Courtesy of Stacy Furgang, DMV Miniature Horses (or "minis" as they’re affectionately called) are not just adorable; they are packed with personality, agility, and willpower. Although they are compact, typically standing up to 38 inches tall, these spirited equines offer a delightful entry into the equestrian world that starkly contrasts with larger breeds. Why Choose Miniature Horses? Personality Over Size Engagement: Miniature Horses deliver full-sized fun with their vibrant personalities and affectionate nature. Activities: Owners can participate in many activities typical of larger horses—minus riding. Ideal for Many Age Groups Gina…
Essential Tips for Selling Your Home When Moving Out of State Moving out of state can be a thrilling opportunity, but it often comes with challenging logistics, especially when it involves selling your current home. A well-crafted plan is essential to ensure a smooth transition and a successful sale. Here are some expert tips to guide you through the process. 1. Choose the Right REALTOR® Finding a REALTOR® with experience in long-distance sales is crucial. They can navigate the complexities of working with a seller who is not local. Aim for someone who is comfortable with electronic communication, as this…
Navigating Home Buying in 2025: New Construction vs. Resale Homes in Central Florida Embarking on a home-buying journey can be both exciting and overwhelming. With the real estate market continually evolving, homebuyers in Central Florida have an important choice to make in 2025: Should they opt for a new construction home or a resale property? Each option presents its unique benefits, which can significantly impact your lifestyle and financial goals. The Dilemma: New Construction vs. Resale Homes When considering new construction versus resale homes, it’s essential to understand the differences to make an informed decision. Here’s an overview of both…
Miami-Dade Considers Property Tax Reduction for 2025 Amid Real Estate Market Slowdown The Miami-Dade property market is experiencing noticeable changes, prompting local officials to consider adjustments that could benefit taxpayers. Tomás Regalado, the county’s property appraiser, has proposed a potential reduction in property tax assessments for 2025. This proposal comes in light of a significant slowdown in the growth of property values, raising questions about the future of property taxes in Miami-Dade. Understanding the Current Market Shift During a recent press conference, Regalado shared critical findings from a new report that highlights a cooling real estate market. The growth rate…
Broward County Mother and Son Charged with Money Laundering Tied to Prostitution Operation Arrest of Christopher Jelavic and Margareta von Lambert In a significant legal development, a mother-son duo from Broward County, Florida, has been arrested for alleged money laundering connected to a prostitution operation. Christopher Jelavic, 48, and his 70-year-old mother Margareta von Lambert were taken into custody earlier this month. They face serious charges, including one count of money laundering exceeding $100,000 in a 12-month period and receiving support from prostitution proceeds. Details of the Allegations Court documents uncover that Jelavic and von Lambert ran a Pompano Beach…
The Boom of West Palm Beach: How Billionaires are Transforming the Local Economy The influx of tech entrepreneurs and billionaires into Palm Beach County, particularly in idyllic areas like Wellington and West Palm Beach, is revolutionizing the local landscape. With Florida’s absence of state income tax, the appeal of a carefree lifestyle is drawing many to relocate their companies to this sun-drenched paradise. A Surge in Class A Office Space Demand West Palm Beach may only encompass 3.95 million square feet in its Central Business District—infinitesimal compared to Midtown Manhattan’s vastness—but it is rapidly becoming a hub of high-energy commercial…
New NAR Rules Transform Real Estate Commission Structures in Florida In a significant move towards greater transparency in the real estate industry, the National Association of REALTORS (NAR) has implemented new regulations that revolutionize how real estate commissions are structured in the United States, including Florida. These changes, effective August 17, 2024, aim to enhance the clarity of financial agreements between buyers, sellers, and their agents. Our new agreements provide more flexibility and transparency Key Changes in NAR’s Commission Structure With the recent settlement affecting real estate practices, here are the pivotal changes every buyer and seller needs to know:…
Bob Henriquez: The Ideal Choice for Hillsborough County Property Appraiser Introduction to the Hillsborough County Property Appraiser Role The Hillsborough County Property Appraiser plays a vital role in the assessment of property values for tax purposes within the county. Responsible for evaluating hundreds of thousands of individual parcels, the appraiser ensures that property taxes are assessed accurately. Key responsibilities include: Determining market values for properties Administering homestead and other tax exemptions Maintaining ownership maps of all real estate With an office staff of 104 employees and an annual budget of $15 million, the appraiser is elected for a four-year term…