Author: Florida Real Estate News
South Florida’s luxury real estate market, once bolstered by a steady influx of international investors, is facing a sharp downturn. As foreign buyers retreat due to economic, political, and regulatory headwinds, sales and confidence in the region’s iconic condo towers have hit record lows, casting uncertainty over the future of the Sunshine State’s property sector. Key Takeaways Foreign buyers now account for only 10% of real estate transactions in South Florida, down from 50% in 2018 High interest rates, currency fluctuations, and stiffened U.S. immigration and trade policies are driving the decline Tougher regulations post-Surfside collapse have heightened costs for…
A contentious decision to award a valuable chunk of Miami real estate for Donald Trump’s future presidential library is at the heart of a new lawsuit. Critics argue that the deal was made with little public transparency, as a local activist moves to halt the property transfer and demands further investigation. Key Takeaways Nearly 3 acres of downtown Miami, valued at over $67 million, were gifted for Trump’s future presidential library. A lawsuit alleges Miami Dade College’s board violated Florida’s open government law when approving the deal. The land was quickly transferred to the Trump Presidential Library Foundation, sparking questions…
Christie’s International Real Estate has announced the appointment of Anne Colvin as Agent Services Director for John R. Wood Christie’s International Real Estate, marking a strategic move in expanding support for its network of luxury agents. Colvin brings over 15 years of global luxury real estate experience to this newly established leadership position, aimed at empowering agents through enhanced resources and global affiliations. Key Takeaways Anne Colvin appointed as the first Agent Services Director for John R. Wood Christie’s International Real Estate. Colvin’s remit includes connecting agents to global opportunities and optimizing marketing strategies. The new role is designed to…
As summer arrives, millions are gearing up for vacations to reconnect with loved ones, explore new destinations, or simply unwind. While the season promises adventure under the sun, prioritizing safety—on the road, in the air, or online—is key to a truly carefree getaway. Key Takeaways Prepare your vehicle and pack emergency essentials for road trips. Utilize smart digital security when traveling and booking accommodations. Take proactive steps for personal and family safety while enjoying summer adventures. Prep Your Vehicle for the Road A safe journey starts before you even leave your driveway. Make sure your car is summer-ready: Schedule a…
Overview Welcome to Missoni Baia, Miami’s premier luxury residential development where art, fashion, and architecture intertwine seamlessly. This stunning new construction is located at 700 NE 26th Ter., Miami, FL 33137 in the heart of the vibrant Edgewater neighborhood. Developed by OKO Group and Cain International, with architecture by world-renowned Asymptote Architecture and interiors styled by Missoni, the iconic Italian fashion house, Missoni Baia brings a unique vision for sophisticated Miami waterfront living. Developer: OKO Group & Cain International Architecture: Asymptote Architecture Interiors: Missoni (Branded Interiors) Expected Delivery: 2023 Total Units: 249 Type: Luxury waterfront condos and penthouses Missoni Baia…
Sunny Isles Beach continues to draw global attention as one of South Florida’s premier condo markets. However, new data reveals a dramatic performance gap between the area’s elite towers and aging properties, shaping today’s real estate landscape for both buyers and investors. Key Takeaways The gap between top-performing and lagging Sunny Isles condos has widened sharply in 2025. Trophy towers thrive on scarcity, service, and end-user ownership; older buildings face liquidity and maintenance headwinds. Top-Performing Condos Set Records The Estates at Acqualina lead the pack, with resale prices in 2025 averaging over $2,265 per square foot, propelled by rare supply…
Florida’s vacation rental market is undergoing significant changes as seasonal demand drives price spikes, while a rise in resident complaints prompts local governments, especially in Sarasota, to tighten and clarify rental regulations. Key Takeaways Seasonal tourist inflows produce sharp rent hikes in winter and spring. Sarasota is advancing detailed amendments to its vacation rental ordinances following public concerns. Regulations now focus more on guest safety, clear tax procedures, and streamlined compliance for owners. Seasonal Demand Drives Rental Price Fluctuations Rental prices in Florida’s most popular vacation destinations surge during the winter, with snowbirds and tourists flocking to the state’s beaches.…
In a landmark transaction highlighting the continued investor confidence in necessity-driven retail, a portfolio of ten open-air shopping centers across Florida and South Carolina has been acquired for almost $400 million. Bain Capital Real Estate and 11North Partners joined forces to purchase these high-quality retail assets, most of which are anchored by leading grocery chains and daily-needs retailers. Key Takeaways $395.5 million deal covers 10 retail properties totaling over 1 million square feet The portfolio spans affluent markets in Florida and South Carolina Anchors include Publix, with additional national and regional tenants Reported occupancy rates exceed 91%, with strong demographic…
Florida is ramping up efforts to respond to its growing affordable housing crisis, as new developments break ground and lawmakers consider innovative solutions. A major affordable housing project in Naples and statewide conversations about accessory dwelling units (ADUs), or "granny flats," are at the center of these ongoing initiatives. Key Takeaways Ekos Creekside, a $63 million affordable housing community, is under construction in Naples New homes are reserved for working families earning 30% to 80% of area median income Lawmakers and experts are looking at ADUs and zoning reforms to expand affordable housing supply statewide Major Affordable Housing Project Launches…
Florida’s dynamic real estate market is seeing more than half of home buyers turning to financing rather than cash. For these buyers, property appraisals are a crucial step—and increasingly, a sticking point. Understanding the appraisal process and its contractual ramifications is vital for buyers and their realtors to ensure smooth transactions. Key Takeaways Appraisals determine property value for lenders and can impact loan approval. Low appraisals may force buyers to renegotiate or risk contract cancellation. Contract specifics, especially contingencies and deadlines, dictate a buyer’s options. Realtor guidance is essential to maneuver appraisal-related challenges. Why Appraisals Matter In Financed Home Purchases…