Author: Florida Real Estate News

After months of uncertainty and slowing activity, Florida’s housing market is signaling a promising reversal. Recent shifts in economic policy, a surge in pending sales, and steady buyer interest are fueling renewed optimism among homebuyers, sellers, and real estate professionals across the Sunshine State. Key Takeaways Pending home sales in Florida surged nearly 10% for single-family homes in August 2025. A federal interest rate cut reduced average 30-year mortgage rates from 7% to just under 6.5%. Buyers are returning to the market, increasing competition and market activity. Inventory remains high, providing opportunities for both buyers and sellers. Surge in Pending…

A high-stakes legal battle is unfolding in Miami after a lawsuit was filed challenging the city’s decision to transfer a valuable piece of downtown real estate for use as Donald Trump’s future presidential library. The dispute centers on an alleged violation of Florida’s sunshine laws and the opaque process surrounding the land’s transfer. Key Takeaways Miami Board of Trustees voted to transfer a prime 3-acre downtown parcel to Trump’s library foundation. Lawsuit alleges the board failed to adequately notify the public, violating Florida’s open government policies. The land, valued at over $67 million, had previously been used by Miami Dade…

Palm Beach County is experiencing unprecedented demand for luxury condos and high-end estates, evidenced by record-breaking sales and significant price appreciation across the region. A confluence of wealth migration, corporate influx, and a limited supply of top-tier residences is fueling this robust seller’s market. Key Takeaways Record-setting condo sale at Forté on Flagler in West Palm Beach, topping $28 million for a single unit. Luxury single-family homes and condos across Palm Beach County are selling for dramatically higher values, with some properties nearly tripling in price within a few years. The region has attracted high-profile buyers from finance, media, and…

Red Mountain Group has finalized the sale of Algonquin Commons, a major 548,000-square-foot shopping center located in Algonquin, Illinois, for $100 million. Nuveen Real Estate, the buyer, adds the strategically positioned property to its portfolio as suburban retail continues to attract high-profile investments near Chicago. Key Takeaways Red Mountain Group sold Algonquin Commons for $100 million to Nuveen Real Estate. The 548,000-square-foot center is located on a prime retail corridor. Tenant lineup includes national brands like Trader Joe’s, The Fresh Market, and Nordstrom Rack. Exclusive Representation and Transaction Details Newmark, a global commercial real estate advisory firm, exclusively represented Red…

Fort Lauderdale’s iconic Galleria Mall may soon be unrecognizable, as new owners propose a sweeping redevelopment featuring nine 30-story towers, a hotel, and a significant chunk of affordable housing. The project, still in the planning phase, has sparked strong reactions from area residents and leaders alike. Key Takeaways Plans call for nine 30-story residential towers and a 170-room hotel. Over 3,100 new homes are proposed, with about 1,270 reserved for workforce housing. Some city officials and residents raise concerns about traffic and community impact. The redevelopment leverages the state’s Live Local Act, limiting public input requirements. A Vision for a…

Florida’s real estate market is witnessing a remarkable wave of cash-driven transactions, with nearly half of all home purchases in the state being made entirely with cash. West Palm Beach now sits atop the national leaderboard, highlighting a shift that’s transforming how homes are bought and sold in 2025. Key Takeaways Nearly 50% of Florida home sales in 2025 are all-cash deals, far surpassing the national average. West Palm Beach leads US metros in cash transactions, with 49% of homes bought outright. International investors and out-of-state buyers are major forces driving the trend. Luxury and coastal markets see the highest…

Lennar Corporation, one of the nation’s leading homebuilders, has announced a bold proposal to develop a $2 billion housing project in Miami-Dade County. The plan envisions creating a sprawling community with 7,800 homes, aiming to address the growing demand for residential housing in South Florida. Key Takeaways Lennar proposes a 7,800-home community valued at $2 billion. The development aims to address Miami-Dade’s housing shortage. The project would include a mix of single-family homes, townhouses, and community amenities. Overview of the Proposed Community Lennar’s proposed community, tentatively named "City Park," is set to be built on a large swath of land…

South Florida’s real estate market is experiencing a dramatic westward shift, as luxury home demand drives development and investment away from traditional Atlantic hotspots toward the Gulf Coast. Buyers and developers are setting their sights on areas like St. Petersburg, signaling a new era for Florida’s upscale property scene. Key Takeaways Gulf Coast cities like St. Petersburg and Naples are witnessing record-setting luxury home sales. High-end branded residences are driving prestige and price growth. Demand is fueled by affluent buyers seeking value beyond Miami and Palm Beach. Surge in Record-Setting Sales Recent months have seen landmark property sales across Florida’s…

South Florida’s real estate elite will gather on December 11, 2025, for the 2nd Annual PROFILEmiami Spec Homes & Ultra Luxury Real Estate Summit. The event stands out as a premier occasion for exploring the rapidly evolving world of high-end property, networking with industry leaders, and uncovering the trends defining luxury living. Key Takeaways The summit features two expert panels and a luxury real estate showcase. Industry leaders Jordan Karp and Lourdes Alatriste headline the event. Over 300 top brokers, developers, and designers are expected to attend. The summit spotlights innovations in design, technology, and wellness within ultra-luxury homes. An…

In the aftermath of Hurricanes Helene and Milton, Hillsborough County officials and lawmakers have launched new property tax relief measures to support homeowners and businesses hit hardest by the storms. The relief program aims to ease the financial burden as residents start to rebuild, with deadlines and procedures now firmly in place. Key Takeaways Hillsborough extends property tax relief to storm-affected homeowners and businesses. Homeowners with uninhabitable properties for 30+ days may qualify for a partial tax refund. Key filing deadline for major forms and documentation is March 1, 2025. The 4% early payment discount period has been extended until…