Author: Florida Real Estate News

A contentious proposal to tax short-term vacation rentals and empty second homes in San Diego has been halted, with a key city council committee voting against advancing the measure. The proposed tax aimed to generate revenue and address housing affordability concerns, but faced significant opposition from various stakeholders, ultimately failing to gain enough support to proceed. Key Takeaways A proposed $8,000 annual tax on short-term vacation rentals and empty second homes in San Diego was rejected by the City Council’s Rules Committee. The proposal, championed by Councilmember Sean Elo-Rivera, aimed to disincentivize properties from being used as mini-hotels or remaining…

The Florida State Board of Administration (SBA) has significantly bolstered its U.S. real estate portfolio, committing substantial funds in recent quarters. This strategic investment underscores a growing confidence in the American real estate sector, with allocations spanning industrial, residential, and healthcare properties across the nation. Key Takeaways Florida SBA committed approximately $964 million to U.S. real estate in the fourth quarter of 2025. Investments include logistics developments, apartment projects, manufactured housing portfolios, and medical office buildings. The SBA has previously committed significant capital, with $1.57 billion allocated to real estate in Q2. Q4 2025 Real Estate Commitments In the final…

Miami has been identified as the global leader in housing bubble risk, according to a recent report by UBS. The city has surpassed major hubs like New York and Los Angeles, signaling a potential downturn in its once-booming real estate market. This development comes amid a confluence of factors impacting affordability and market stability. Key Takeaways Miami now holds the top spot globally for housing bubble risk. Record-low affordability, rising condo repair costs, and surging insurance premiums are key concerns. The city’s price-to-rent ratio has exceeded levels seen before the 2006 housing bubble. Despite risks, Florida’s tax-friendly environment continues to…

Miami has once again solidified its position as the premier destination for foreign real estate investment in the United States. The city leads the nation in both the volume of transactions and the percentage of foreign buyers in residential sales, driven significantly by capital from Latin America. This trend highlights Miami’s enduring appeal to international investors seeking stable assets and wealth preservation. Key Takeaways Miami leads the U.S. in foreign real estate investment, with 15% of home purchases made by international buyers in 2025. Latin America, particularly Colombia and Argentina, is the primary source of this international capital. Investors are…

Comedian Kevin James has reportedly purchased a sprawling, newly constructed mansion in Boca Raton, Florida, for $17.15 million. The "King of Queens" star’s acquisition of the 8,600-square-foot estate within the exclusive Royal Palm Yacht & Country Club signals a growing trend of high-profile individuals investing in the South Florida luxury real estate market. Key Takeaways Kevin James acquired an 8,600 sq ft, six-bedroom, 8.5-bath estate for $17.15 million. The property is located in the exclusive Royal Palm Yacht & Country Club in Boca Raton. The purchase highlights the booming luxury real estate market in South Florida, particularly Boca Raton. A…

West Palm Beach is solidifying its status as a premier destination for high-net-worth individuals and corporations with the announcement of the Mandarin Oriental Residences. This ultra-luxury development marks the brand’s first standalone residential property in South Florida, signaling a significant shift towards year-round primary residences for the affluent. Key Takeaways Mandarin Oriental Residences, a 31-story tower with 87 units, is set to open in West Palm Beach. The development is strategically located on North Flagler Drive, within the burgeoning "Billionaire Corridor." The project caters to the "Wall Street South" demographic, emphasizing privacy, extensive amenities, and space for home offices. West…

Miami-Dade County is experiencing an unprecedented surge in high-end real estate, marked by record-breaking sales and a significant influx of ultra-wealthy individuals. The region’s luxury market is attracting billionaires from across the country, drawn by favorable business policies, a desirable climate, and a burgeoning tech scene. Key Takeaways A 1.6-acre estate in Coconut Grove has hit the market for $110 million, adjacent to billionaire Ken Griffin’s property. Tech moguls like Mark Zuckerberg, Larry Page, and Sergey Brin are actively purchasing properties in exclusive Miami-Dade enclaves. Fisher Island’s ZIP code (33109) has become the nation’s most expensive, with a median home…

A homeowner’s dilemma of a relative overstaying their welcome has become a common issue, prompting questions about how to legally and amicably resolve the situation. What begins as a temporary act of kindness can quickly escalate into a complex living arrangement, causing strain and discomfort for the host. Key Takeaways Open and honest communication is the first step. Setting clear deadlines and documenting conversations is crucial. Offering resources can ease the transition for the guest. Legal action may be necessary if the guest refuses to leave. The Importance of Direct Communication When a temporary living arrangement extends beyond its intended…

Florida’s already strained real estate market is experiencing a significant downturn as a key investment group has announced a pause in its activities within the state. This withdrawal signals growing concerns among major players about the current economic climate and future prospects for property development and sales in the Sunshine State. Key Takeaways A prominent investment group has ceased new real estate activities in Florida. This move exacerbates existing challenges in the state’s housing market. Concerns are mounting over rising costs, interest rates, and potential market saturation. Investor Confidence Falters The decision by this influential investment group to pull back…

Florida lawmakers are moving forward with a significant proposal that could lead to the elimination of certain property taxes for homeowners across the state. The plan, which has gained momentum in the legislature, aims to ask voters to approve a constitutional amendment that would phase out city and county property taxes on primary residences, while school taxes would still apply. If passed and approved by voters, this could drastically alter the state’s tax structure and local government funding. Key Takeaways A proposed constitutional amendment, HJR 203, has passed the Florida House and is advancing to the Senate. The measure seeks…