Author: Florida Real Estate News
Central Florida’s real estate market experienced a notable shift in September 2025, characterized by the lowest interest rates seen in a year and a slight decrease in median home prices. While overall sales saw a dip, pending sales increased, suggesting a market finding a healthier balance between buyers and sellers. Key Takeaways Interest rates dropped to 6.1% in September, the lowest since September 2024. The median home price declined for the third consecutive month, settling at $378,000. Inventory decreased for the fourth month in a row, though the months of supply edged up slightly. Homes spent less time on the…
As Miami continues its trajectory as a global luxury hub, discerning buyers and investors are keenly focused on where to find the pinnacle of exclusivity and value. A recent analysis of the market reveals the neighborhoods poised to dominate in 2026, offering insights into price ceilings, appreciation trends, and the unique factors driving demand in these coveted enclaves. Key Takeaways Coconut Grove and Coral Gables consistently rank high for both appreciation and top-tier sales. Miami Beach remains a powerhouse, particularly for waterfront properties and high-end condos. Emerging luxury markets like Brickell and Surfside/Bal Harbour are rapidly gaining prominence. New construction…
A recent report from WalletHub highlights the significant economic impact of the ongoing government shutdown on states across the nation, with Florida ranking at number 13. While the shutdown affects federal workers and contractors nationwide, states with economies heavily reliant on real estate and federal spending are experiencing more pronounced consequences. The shutdown, the eleventh since 1976, has led to furloughs for approximately 900,000 federal employees and unpaid work for another 700,000, costing the country an estimated $400 million daily. Key Takeaways Florida’s real estate-dependent economy makes it particularly vulnerable to federal delays and market dampening caused by the shutdown.…
A Florida court has temporarily blocked the transfer of a prime downtown Miami property intended for President Donald Trump’s presidential library. The ruling stems from allegations that Miami Dade College failed to provide adequate public notice before voting to convey the land, a decision that has put the project on hold. Key Takeaways A Florida judge has temporarily halted the transfer of land for the Trump Presidential Library. The ruling cites concerns over Miami Dade College’s compliance with Florida’s Sunshine Law regarding public notice for the vote. The property, valued at over $67 million, is a significant parcel in downtown…
Related Group CEO Jon Paul Pérez reflects on the significant evolution of Miami’s Wynwood district, transforming from an arts-focused area into a dynamic live-work-play hub. The company’s innovative residential projects, like The Highley and i5 Wynwood, are designed to integrate seamlessly with the neighborhood’s creative energy and meet the changing demands of urban dwellers. Key Takeaways Wynwood has successfully transitioned into a vibrant community where residents can live, work, and enjoy a full spectrum of amenities. The Highley and i5 Wynwood projects exemplify Related Group’s commitment to art integration, community building, and flexible living solutions. Co-living models, like i5 Wynwood,…
Witkoff Group and PPG Development have officially commenced vertical construction on The Residences at Shell Bay, a highly anticipated Auberge-branded condominium project within a 150-acre Mediterranean-inspired enclave in Miami. The first few levels of the 20-story tower are already complete, signaling significant progress towards the project’s projected 2027 opening. Key Takeaways Vertical construction has begun on the 20-story tower for The Residences at Shell Bay. The project is slated for completion in 2027 and aims to be South Florida’s most exclusive residential community. The development emphasizes a unique blend of luxury residences, world-class club amenities, and a five-star Auberge resort.…
Oracle co-founder Larry Ellison has invested a staggering $450 million in the exclusive Florida town of Manalapan, signaling a significant push to attract the world’s wealthiest individuals. This substantial real estate acquisition includes a record-breaking estate and a prominent luxury resort, positioning Manalapan as a new haven for the mega-rich. Key Takeaways Larry Ellison has invested $450 million in Manalapan, Florida real estate. The investments include a $173 million estate and the $277 million Eau Palm Beach Resort & Spa. Ellison aims to transform Manalapan into a premier destination for the ultra-wealthy. The town’s proximity to Mar-a-Lago is seen as…
A 36-year-old condominium complex in Pembroke Pines, Florida, is scheduled for a public auction on September 25th. The 304-unit Heron Pond complex was deemed structurally unsafe by the city last year, forcing residents to evacuate. The sale presents an opportunity for developers in a tight housing market. Key Takeaways Heron Pond, a 304-unit condo complex built in 1988, will be auctioned on September 25th. Residents were forced to evacuate by August 2023 due to structural safety concerns, including termite damage and compromised balconies. The 25-acre property is expected to fetch around $25 million and has potential for redevelopment into 321…
Moving can be a daunting experience, even for seasoned real estate professionals. One Tampa resident, who admits to disliking change, embarked on a mission to find the absolute best moving company in the area. The goal was not only to ease their personal transition but also to identify a reliable service to recommend to clients and friends, aiming to alleviate the inherent stress of relocation. Key Takeaways Hiring a full-service moving company that offers packing can significantly reduce moving stress. Movers typically do not insure personal jewelry or important documents. A positive moving experience can lead to a stress-free transition…
Becoming a landlord for the first time can be a daunting yet rewarding experience. This comprehensive guide offers crucial advice for new property owners, covering everything from preparing your property and screening tenants to understanding legal obligations and managing finances. It aims to equip novice landlords with the knowledge needed to build a successful and profitable rental business. Key Takeaways Understand the multifaceted role of a landlord, which extends beyond rent collection to property management and tenant relations. Thoroughly prepare and market your rental property to attract quality tenants. Implement a rigorous tenant screening process while adhering to fair housing…