Author: Florida Real Estate News

A significant new ultra-luxury residential tower is set to rise along the Miami River in Brickell, following a joint venture between Miami Beach-based Prosper Group and Belgium’s Versluys Group. This ambitious $650 million project marks Versluys Group’s debut in the United States real estate market. Key Takeaways A 57-story luxury residential tower is planned for the Miami River in Brickell. The project represents the first U.S. development for Belgium’s Versluys Group. Construction is slated for completion in 2028. Prime Waterfront Location The development will feature 158 units and boast over 300 feet of direct river frontage. Strategically located in Miami’s…

International interest in South Florida’s real estate market is surging, with China and Singapore topping the list of global web searches for properties in the region during September 2025. This trend highlights the growing appeal of South Florida as an investment destination for international buyers. Key Takeaways China and Singapore are the leading countries for South Florida real estate web searches. Colombia remains a consistent top contender, holding a spot in the top three for 42 consecutive months. Shenzhen, China, emerged as the top individual city for Miami real estate searches. Recent legislative and executive actions in the U.S. may…

The Edgewater neighborhood in Miami continues to be a dynamic real estate market, with a clear divergence in performance between its newer, luxury condominiums and older buildings. A recent analysis highlights which condo developments are holding their value and appreciating, while others are facing challenges due to age, maintenance costs, and market shifts. Key Takeaways Newer, well-appointed buildings with direct bayfront access and strong end-user demand are outperforming older properties. Older buildings struggle with rising maintenance fees, special assessments, and a higher concentration of investor-owned units. Buyers are increasingly prioritizing modern amenities, design, and long-term value in their condo selections.…

South Florida’s real estate market is experiencing a significant surge in investment, primarily driven by buyers from Latin America and China. These international investors are injecting substantial capital into the region, particularly in Miami, seeking stable assets and lifestyle opportunities amidst economic and political uncertainties in their home countries. Key Takeaways Latin American buyers accounted for $367 million in South Florida real estate transactions between August 2023 and July 2024. These buyers represent 29% of all foreign real estate investments in the U.S. 91% of Latin American buyers acquire property for investment purposes, such as rentals. 68% of these transactions…

Global music superstar The Weeknd has reportedly purchased a sprawling waterfront estate in Coral Gables, Florida, for a staggering $70 million. The lavish property boasts ample space for his prized mega-yacht, signaling a significant investment in a prime South Florida location. Key Takeaways The Weeknd has acquired a luxury waterfront home in Coral Gables, Florida. The reported purchase price is $70 million. The estate features significant dockage space suitable for a mega-yacht. A Prime Piece of Florida Real Estate The Grammy-winning artist, whose real name is Abel Tesfaye, has expanded his real estate portfolio with the acquisition of a recently…

Moving to Tampa, St. Petersburg, or Clearwater? This comprehensive guide offers essential resources for a smooth transition to the dynamic Tampa Bay Area. Whether you’re seeking information on local amenities, community insights, or real estate advice, this resource aims to equip you with the knowledge needed to settle into your new Florida home. Key Takeaways A wealth of local information is available for those relocating to Tampa, St. Pete, or Clearwater. Resources cover city specifics, events, transportation, and local attractions. Expert real estate advice is available for housing options and neighborhood guidance. Navigating Your New Home For those embarking on…

In a striking real estate move, a property in St. Petersburg, Florida, has been listed for $260,000, even as it smoldered from a fire. The listing emerged in the wake of severe hurricanes that have battered the state, causing widespread damage and escalating insurance costs. The unusual sale highlights the difficult decisions facing Florida homeowners after natural disasters. Key Takeaways A fire-damaged home in Florida is on the market for $260,000, priced at "lot value." The listing reflects a trend of selling damaged properties "as is" due to high repair and insurance costs. Florida’s real estate market is increasingly influenced…

Hillsborough County residents will see an increase in their sales tax starting June 1, 2025. This change is set to impact various purchases throughout the county, affecting both consumers and businesses. The new tax rate will be implemented on the specified date, marking a significant fiscal adjustment for the region. Key Takeaways A sales tax increase is scheduled to take effect in Hillsborough County on June 1, 2025. This increase will apply to a wide range of goods and services subject to sales tax. Residents and businesses should prepare for the financial implications of the new tax rate. Details of…

South Florida is set to embrace November 2025 with a vibrant array of events, promising a month filled with community spirit and seasonal celebrations. As the weather cools and the holiday season approaches, residents and visitors can look forward to unique experiences that capture the essence of the region. Key Takeaways The Fort Lauderdale Turkey Trot offers a festive start to Thanksgiving Day. Fort Lauderdale Turkey Trot: A Thanksgiving Tradition On Thanksgiving Day, November 27th, 2025, the Fort Lauderdale Turkey Trot will once again take place at Las Olas Oceanside Park. This cherished Broward County 5K event is a highlight…

Edgewater’s condominium market in 2025 presents a clear dichotomy between modern, high-performing buildings and older properties facing challenges. A recent analysis reveals that newer constructions with premium amenities and direct bayfront access continue to attract strong buyer interest, while aging structures grapple with rising costs and diminished appeal. Key Takeaways Newer Edgewater condos with direct bayfront views and modern amenities are outperforming older buildings. Buildings with high owner-occupancy rates and end-user demand show greater price stability and appreciation. Older properties face challenges from aging infrastructure, special assessments, and high investor-to-owner ratios. Top Performing Condos in Edgewater 1. Elysee: Completed in…