Author: Florida Real Estate News

Construction on the highly anticipated Waldorf Astoria Hotel & Residences in downtown Miami has reached a significant new phase, with the supertall structure now appearing to have attained its fourth "cube." This milestone marks continued progress on the iconic project, which promises to redefine the city’s skyline. Key Takeaways The Waldorf Astoria Miami construction has advanced to what developers refer to as "cube 4." The first residential levels are slated for floors 42 through 49. The completed tower will feature 9 offset cubes, reaching a height of 100 stories or 1,049 feet. The project is expected to top off in…

South Florida’s exclusive enclaves are witnessing a surge in demand for high-end real estate, with homes priced at $2 million and above experiencing a significant uptick in interest. This trend is particularly pronounced in areas like Palmetto Bay, signaling a robust luxury market. Key Takeaways The luxury real estate market in South Florida, specifically for properties exceeding $2 million, is experiencing exceptionally high demand. Palmetto Bay’s Luxury Boom Palmetto Bay, a sought-after community in South Florida, is at the forefront of this luxury real estate surge. The area is experiencing a notable increase in buyer interest for properties valued at…

Florida is set to eliminate its long-standing sales tax on commercial leases starting October 1st, marking a significant shift for businesses across the state. This change, part of a broader tax package, is expected to inject substantial savings back into the state’s economy. Alongside this major tax cut, nearly thirty other new laws will also take effect, impacting various aspects of life and business in Florida. Key Takeaways The 57-year-old business rent tax will be abolished on October 1st. This elimination is projected to save Florida businesses approximately $1.15 billion in the current fiscal year. Nearly 30 new laws will…

Florida’s once-booming housing market is experiencing a significant slowdown, leading a growing number of sellers to withdraw their properties from the market. This trend is driven by dwindling buyer demand, increased inventory, and rising costs, forcing sellers to either drastically reduce prices or delist their homes to avoid accepting lower offers. Key Takeaways A notable increase in home delistings across Florida, particularly in major metropolitan areas. Slowing sales and longer market times for properties. Median home prices have seen a decline compared to the previous year. Factors contributing to the slowdown include elevated mortgage rates, high insurance costs, and increased…

Hillsborough County is facing a surge in property-related issues, including sophisticated fraud schemes, contentious legal battles, and disputes over property valuations. Recent cases highlight the vulnerability of homeowners to title fraud, while ongoing litigation involves real estate companies and tax disputes, underscoring the complex challenges within the county’s property sector. Property Fraud Alert System Proves Effective Hillsborough County’s free property fraud alert system has demonstrated its value in combating fraudulent activities. The system, which notifies registered homeowners of any documents filed against their properties, recently played a crucial role in the arrest of a married couple accused of forging deeds.…

Florida’s commercial real estate sector is experiencing a significant surge, driven by a robust economy, substantial population gains, and attractive tax advantages. This trend is attracting considerable investment across various property types, signaling a dynamic and growing market. Key Takeaways Florida’s commercial real estate market is booming due to population growth, tax benefits, and a strong economy. Miami ranked as the second most attractive market for CRE investment in the U.S. in 2025. Investors are increasingly favoring multifamily and industrial & logistics sectors, with growing interest in retail and office assets. Despite challenges like interest rates, investor sentiment remains optimistic…

Miami’s luxury real estate market is abuzz with the unveiling of The Delmore Surfside, a development poised to redefine ultra-high-end living. Developed by DAMAC International and designed by the renowned Zaha Hadid Architects, this project aims to cater exclusively to billionaires, offering unparalleled space and security. Key Takeaways The Delmore features expansive residences, with an average unit size of 8,000 square feet, significantly larger than typical luxury condos. Pricing starts at $15 million and goes up to $145 million for the penthouse. The building boasts a state-of-the-art, five-tier security system, a first for Miami residential properties. Located in Surfside, it…

Ryan Proffitt has been appointed as the new producing area manager for Rate in Jacksonville, Florida. A graduate of North Florida University with 20 years of industry experience, Proffitt is poised to leverage Rate’s technological advancements to enhance the mortgage experience for clients. Key Takeaways Ryan Proffitt brings 20 years of experience to his new role at Rate. He aims to utilize Rate’s technology to grow his business and assist more families in achieving homeownership. Proffitt holds significant leadership positions within the Jacksonville real estate and business community. Proffitt’s Extensive Experience and Community Involvement Proffitt’s career spans two decades, during…

Florida’s Condominium Rider is undergoing significant changes with the upcoming version 3.0, set to take effect on July 1, 2025. This update introduces new obligations for sellers regarding the provision of condominium documents to buyers, aiming to streamline the purchasing process and provide buyers with crucial information earlier. Key Takeaways Sellers are now obligated to provide specific condominium documents at their own expense. Buyers can select requested documents by checking boxes within the Rider. A new seven-day review period is triggered upon the buyer’s receipt of all requested documents. Seller’s New Obligation to Provide Documents The revised Condominium Rider shifts…

Christie’s International Real Estate has significantly expanded its footprint in Northeast Florida by welcoming First Coast, a leading luxury brokerage, into its prestigious network. This strategic move bolsters Christie’s presence in a rapidly growing luxury market, aligning with the brand’s global expansion strategy. Key Takeaways First Coast, formerly an Engel & Völkers brokerage, achieved nearly $1 billion in sales volume in 2024. Founded in 2018 by Corey Hasting, the firm has rapidly grown and earned numerous accolades. The partnership provides First Coast agents access to Christie’s global network and proprietary technology. Northeast Florida’s luxury market is showing resilience, attracting corporate…