Author: Florida Real Estate News

Miami’s real estate market in July 2025 revealed contrasting fortunes: luxury single-family homes saw robust demand and high-dollar sales, but the condo sector continued to struggle with declining prices and fewer deals. The market’s split underscores a widening gap in affordability and buyer sentiment across the region. Key Takeaways Ultra-luxury home sales remain a major strength for South Florida. Miami-area condo prices and sales dropped further amid new safety regulations and financing hurdles. Inventory levels for both houses and condos increased, giving buyers more leverage. Recent changes to condo law aim to ease financial pressures, but costs for necessary repairs…

A federal government shutdown has placed a stranglehold on Florida’s busy real estate market, especially in flood-prone regions. With critical federal services suspended, buyers and sellers alike face uncertainty as transactions halt due to gaps in essential programs like flood insurance. Key Takeaways The federal shutdown has stopped new and renewal National Flood Insurance Program (NFIP) policies, impacting closings. Florida holds the most NFIP policies nationwide, making it especially vulnerable to disruptions. Lenders in flood zones often require proof of flood insurance, pausing many home purchases. Alternative and private insurance options exist but don’t cover everyone. Real estate leaders warn…

Voters in Hillsborough County have approved a significant property tax increase aimed at raising funds for local schools, tackling teacher shortages, and enhancing education programs. The new millage referendum is projected to bring in $177 million annually, directly impacting teacher salaries and student enrichment for the 2025-2029 period. Key Takeaways Voter-approved property tax will generate approximately $177 million yearly for schools. Teachers and administrators are set to receive annual salary increases of $6,000; support staff will receive an extra $3,000. The tax will cost homeowners $1 per $1,000 of taxable home value, averaging about $250–$400 yearly for most residents. Funds…

Monarch Athletic Club, the highly regarded, physician-led wellness destination from Los Angeles, is set to open its first East Coast location at The RIVANI Miami Beach in 2026. This expansion marks a significant milestone for the brand and introduces Miami to a new benchmark in luxury health and wellness experiences. Key Takeaways Monarch Athletic Club to debut its first East Coast facility at The RIVANI Miami Beach in 2026. The 8,000-square-foot, state-of-the-art wellness center integrates medicine, fitness, and recovery under one roof. The club’s model emphasizes prevention, data-driven care, and ongoing health optimization for its members. Monarch’s Mission: Redefining Modern…

Aventura’s luxury condo scene in 2025 is seeing a sharp contrast, with some buildings reaching record values while others lag due to outdated amenities, special assessments, and high investor presence. A comprehensive analysis of the city’s upscale towers highlights where market momentum thrives and where challenges persist. Key Takeaways High owner-occupancy and financial health drive top performance Older and investor-heavy buildings face slow sales and flat appreciation New boutique luxury residences are set to disrupt the landscape Top Performing Condos in 2025 1. Privé Island Residences Privé stands out as Aventura’s "fortress asset," offering exclusivity and stability for ultra-high-net-worth buyers.…

As the real estate landscape continues to evolve, a recent survey sheds light on what industry professionals believe signals the emergence of a "hot" market. The findings, gathered from real estate agents and experts, offer insights into the top indicators that buyers and sellers should watch for as they navigate today’s competitive environment. Key Takeaways Rapid increase in property prices viewed as the strongest indicator of a hot market Low inventory and high buyer demand drive competition among buyers Multiple offers on properties becoming standard in competitive areas Developers’ reputation and trust remain a key client concern Surge in Property…

Broward County homeowners are witnessing significant growth in property values, with property tax trends revealing both opportunities and challenges for residents. Despite a slight reduction in the county’s millage rate, many property owners can still expect higher tax bills—fueled by robust demand, limited inventory, and substantial new development across key cities. Key Takeaways Broward County property values surged nearly 9% over the past year. New construction, particularly in Fort Lauderdale and Hollywood, is a major driver of the rising tax base. The county slightly lowered its property tax rate, but tax bills may still rise due to increased property values.…

Inheriting a house can be both a blessing and a challenge. While it may come as a welcome asset, navigating the legal, financial, and emotional roadblocks involved in selling an inherited property is far from straightforward. Understanding the steps and pitfalls before you list the property will save time, money, and stress for all involved. Key Takeaways Confirm legal authority to act before listing the home. Evaluate ongoing expenses and establish an agreement with co-heirs. Consult professionals for legal, tax, and real estate guidance. Prepare the home for sale—physically and emotionally. Plan ahead to prevent common inheritance disputes. Confirming Legal…

Florida’s commercial real estate market is proving resilient and attractive to investors, as recent high-value transactions signal robust demand for high-quality assets. Notable acquisitions across open-air retail centers and mixed-use properties spotlight the region’s economic vibrancy and long-term growth potential. Key Takeaways Over $395 million in retail properties acquired across Florida and South Carolina by Bain Capital and 11North Partners FAVO Capital secures a flagship $190 million mixed-use building in Hollywood, Florida Portfolio assets feature strong occupancy, top-tier tenants, and prime locations Significant Retail Portfolio Acquisition Drives Momentum A partnership between Bain Capital and 11North Partners recently closed on a…

Celebrity chef Guy Fieri has sold his coveted Lake Worth Beach, Florida, mansion after over a year on the market. The sale marks a notable transaction in Florida’s luxury real estate, with the buyer and final price now revealed. Key Takeaways Guy Fieri sold his Lake Worth Beach, FL, mansion in January for $7 million The buyers are Las Vegas restaurateurs Frank Bonanno and Betty Pellegrino Bonanno The home was initially listed at $8.75 million in 2023 Fieri still owns another luxury property on Singer Island, FL Who Bought Guy Fieri’s Lake Worth Mansion? The new owners of Fieri’s waterfront…