Author: Florida Real Estate News
The South Florida real estate market is navigating a complex landscape characterized by fluctuating condo prices, steady single-family home appreciation, and a booming luxury segment. While lower mortgage rates and prices have provided a boost to the condo market, new regulations and rising fees continue to present challenges. Meanwhile, high-net-worth individuals are driving significant activity in the million-dollar-plus home and condo sales. Key Takeaways Condo sales in Miami-Dade and Palm Beach counties saw double-digit increases year-over-year in February, driven by price drops and lower mortgage rates. Median condo prices have been trending downward for over a year, influenced by reforms…
Miami’s multifamily market concluded 2024 with steady growth, mirroring national trends. While average advertised rents saw a slight dip, job growth remained robust, driven by key sectors. The market also experienced significant new unit deliveries and moderate transaction activity, positioning it for continued development. Key Takeaways Average advertised asking rent decreased by 0.2% on a trailing three-month basis to $2,477. Overall occupancy in stabilized properties declined by 10 basis points year-over-year to 95.3%, though the Lifestyle segment saw a slight increase. Miami’s job growth reached 2.1% as of November, outperforming the national average. 15,249 new units were delivered in 2024,…
Oasis Hallandale has achieved a significant construction milestone with the topping out of its East Tower. This 25-story structure marks the final vertical element of the expansive 10-acre mixed-use development, bringing the transformative project closer to its full completion and solidifying its role as a new hub for Hallandale Beach. Key Takeaways The East Tower of Oasis Hallandale has officially topped out at 25 stories. This marks the completion of the skyline vision for the 10-acre mixed-use destination. The West Tower is nearing completion, with the East Tower slated for full completion in 2027. The development integrates luxury residences with…
Broward County is facing a significant affordable housing crisis, with a recent survey indicating it lags behind Miami-Dade in new affordable housing construction. This shortfall impacts various income levels, from hourly wage workers to seniors, prompting local officials and developers to explore and implement solutions. Key Takeaways Broward County, along with Palm Beach County, is significantly behind Miami-Dade in the construction of new affordable housing units. The rising cost of living and an influx of higher-income residents have exacerbated the affordability gap. Local government and private developers are collaborating on projects and exploring funding mechanisms to address the crisis. Advocates…
A stunning architectural marvel, the Glass Beach House, has been listed for sale in the exclusive Hamptons. This unique property offers unparalleled ocean views and a design that seamlessly blends indoor and outdoor living. Its innovative use of glass and modern amenities makes it a standout offering in the luxury real estate market. Key Takeaways A unique glass-centric architectural design. Prime beachfront location in the Hamptons. Offers expansive ocean views and luxurious amenities. Architectural Innovation The Glass Beach House is a testament to contemporary design, featuring extensive use of glass walls that blur the lines between the interior and the…
Florida’s commercial real estate market is experiencing a significant upswing, driven by robust population growth, favorable tax policies, and a dynamic economy. Experts anticipate substantial returns on investment by 2026, making the Sunshine State a prime destination for investors and businesses alike. Key Takeaways Florida’s commercial real estate market is booming due to population influx, tax advantages, and a strong economy. High-net-worth individuals and tech leaders are migrating to South Florida, boosting demand for retail and office spaces. Major companies are relocating headquarters to Florida, attracted by its business-friendly environment and tax benefits. While the national market faces economic uncertainty,…
Florida’s housing market, after a period of cooling in 2025, is showing strong signs of stabilization and is anticipated to rebound in 2026. Easing mortgage rates, steady migration, and a resurgence in international buyer activity are contributing to renewed momentum, according to recent analyses. Key Takeaways Easing mortgage rates are unlocking pent-up demand. Sales are rising consistently, and time on market is leveling out. Inventory growth has slowed, indicating absorption. International buyer activity and dollar volume have increased significantly. The insurance market is showing signs of improvement. Market Stabilization and Rebound Following a slowdown in 2025 attributed to high mortgage…
A significant transaction has reshaped the retail landscape in the Southeast, with a 10-property open-air retail portfolio spanning Florida and South Carolina trading for $395.5 million. The portfolio, totaling approximately 1.04 million square feet, was acquired by 11North Partners and Bain Capital from PGIM Real Estate. Key Takeaways Record Sale: A 10-property open-air retail portfolio in Florida and South Carolina has been sold for $395.5 million. Acquisition Team: The buyers are 11North Partners and Bain Capital. Seller: The seller was PGIM Real Estate. Portfolio Size: The combined properties encompass over 1 million square feet. High Occupancy: The portfolio boasts an…
Two prominent Florida property managers, Miranda and Timothy Ard of CORE Property Management, have been arrested and charged with grand theft and fraud after authorities uncovered a pattern of misappropriated client funds fueling their lavish lifestyle. The investigation centers on allegations of the Ards using investor cash for personal indulgences, including cruises and gambling. Key Takeaways Miranda and Timothy Ard, leaders of CORE Property Management, face charges of grand theft and fraud exceeding $50,000. The case was triggered by reports of financial inconsistencies within clients’ property portfolios. Allegations include the use of client funds for luxury spending on travel, entertainment,…
Jacksonville Beach police are on high alert this weekend, urging residents to report any suspicious gatherings at short-term rental properties. The department is preparing for the possibility of "takeover" parties, similar to events that have occurred previously, following social media chatter about potential gatherings. Key Takeaways Police are asking residents to report large crowds at vacation rentals. Extra officers will be on duty this weekend. Concerns stem from past "takeover" events, including one that resulted in a shooting. Increased Vigilance Amidst Takeover Concerns Law enforcement officials are proactively monitoring for signs of "takeover" parties, which are large, often unauthorized gatherings…