Author: Florida Real Estate News

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…

Delray Beach is set to tantalize taste buds throughout September 2025 with the return of its highly anticipated 10th Annual Downtown Delray Beach Restaurant Month. This city-wide culinary celebration offers a fantastic opportunity for locals and visitors alike to explore the diverse and vibrant dining landscape. Key Takeaways Over 50 local restaurants, cafes, and eateries are participating. Special offers include prix-fixe menus, happy hour deals, and exclusive culinary events. A Culinary Showcase From September 1st to September 30th, Delray Beach’s downtown district will transform into a gastronomic paradise. The 10th Annual Downtown Delray Beach Restaurant Month is designed to highlight…

Real estate experts are identifying several Florida beach towns as prime locations for property investment over the next five years. These areas are attracting buyers due to a combination of anticipated growth, affordability, and desirable coastal lifestyles, offering opportunities for both long-term investment and attractive rental prospects. Key Takeaways Several Florida beach towns are recommended for property investment due to expected growth and relative affordability. Locations offer a mix of coastal charm, community vibes, and proximity to amenities. Remote workers are increasingly drawn to these areas, fueling market growth. Hollywood: A Hidden Gem with Growth Potential Hollywood, Florida, is being…

Palm Beach, Florida, is experiencing a significant real estate boom, leading to a dramatic increase in property tax bills for its affluent residents. With property values soaring, many homeowners are now facing tax assessments that run into the millions of dollars, reflecting the enclave’s burgeoning wealth and the subsequent impact on municipal and county coffers. Key Takeaways Palm Beach’s estimated taxable property values have surged, with preliminary tax bills reflecting this increase. Some prominent homeowners, like Ken Griffin, are facing property tax bills exceeding $10 million. The rise in property values is attributed to a pandemic-fueled wealth boom. Preliminary tax…

Miami-Dade County is providing a crucial financial assistance program for condominium owners struggling with unexpected special assessments. The initiative offers low-interest loans to help residents cover costs associated with essential building repairs and maintenance, aiming to prevent displacement and ensure housing stability within the community. Key Takeaways Loans range from $3,000 to $50,000 with a 0% interest rate. Repayment terms extend up to 40 years. Eligibility is based on income, with limits set at 140% of the area median income. Only condo owners with homestead exemptions can apply. The program is a response to increased scrutiny and mandatory repairs following…

The trend of incorporating custom metalwork into luxury home renovations is gaining significant traction. Bespoke metal elements are transforming kitchens, bathrooms, and outdoor living areas into sophisticated and functional spaces. From the warm glow of copper to the modern sheen of stainless steel, custom metal pieces offer a unique way to express personal style and enhance a home’s overall elegance and durability. Key Takeaways Custom metalwork allows for unique, tailored pieces that reflect personal style. Metals like copper, brass, and stainless steel add richness and durability. Key areas for custom metalwork include kitchen range hoods, artisan sinks, and outdoor features.…

Five Park Miami Beach: A New Icon on the Horizon Welcome to Five Park, the new gateway to Miami Beach. Located at 500 Alton Rd., Miami Beach, FL 33139, this architectural marvel is set to redefine luxury living. Developed by the visionary teams at Terra Group and GFO Investments, with a scheduled delivery in 2024, Five Park is poised to become the most coveted address in the city. Standing as the tallest tower in Miami Beach, this 48-story luxury residential building will feature 98 exclusive residences. The vision behind Five Park is to seamlessly blend urban sophistication with the tranquility…