Author: Florida Real Estate News
Procure Development has purchased the historic Villa Prescott and its surrounding grounds for $20 million, marking the beginning of an exclusive new community. The development, named Prescott Estates, will feature the meticulously rebuilt 1920s-era Villa Prescott alongside four new waterfront luxury homes on Biscayne Bay. Key Takeaways Procure Development acquired the Villa Prescott and 1.4-acre plot for $20 million. The development, Prescott Estates, will include the rebuilt historic villa and four new waterfront homes. Sales have launched for the ultra-luxury community, with prices ranging from $15 million to $25 million. A Legacy Project on Biscayne Bay The acquisition of the…
South Florida’s real estate landscape is buzzing with significant new projects and developments. From the reimagining of a prominent Fort Lauderdale mall to the approval of a major mixed-use residential tower in Miami, the region is experiencing a surge of activity aimed at revitalizing key areas and meeting growing housing demands. Key Takeaways New ownership is set to redevelop the Galleria Mall in Fort Lauderdale, aiming to restore it as a premier shopping and lifestyle destination. Miami’s Urban Development Review Board has approved Anatomia, a 30-story mixed-use project in Allapattah, which will include affordable housing units. These developments highlight a…
Florida’s real estate market is experiencing significant growth, leading to a heightened demand for housing. In response to the critical need for more affordable and workforce housing, Governor Ron DeSantis has signed SB 102, now known as the Live Local Act. This legislation aims to simplify and expedite the approval process for affordable housing projects, impacting zoning laws and local government authority. Key Takeaways The Live Local Act simplifies the approval process for affordable housing projects. It allows affordable housing to be built in commercially or industrially zoned areas. Developers must meet specific affordability and unit percentage requirements. The act…
Miami’s luxury real estate market is experiencing a dynamic shift, driven by significant wealth migration and record-breaking sales. Ultra-high-net-worth individuals are increasingly seeking exclusive enclaves that offer unparalleled privacy, prestige, and strong appreciation potential. From secluded islands to historic waterfront communities, the city’s most coveted addresses are attracting global attention. Key Takeaways Miami’s luxury market is booming, with UHNW buyers prioritizing privacy, security, and exclusive amenities. Indian Creek Island and Fisher Island offer the ultimate in seclusion and high-level security. Star Island appeals to those seeking celebrity-level privacy with close proximity to South Beach’s vibrant scene. Gables Estates provides a…
Florida’s housing market is experiencing a significant shift, moving away from the frenzied pace of recent years. Data indicates a sustained trend of price declines for the fifth consecutive month in 2025, with several cities potentially facing more pronounced corrections by mid-2026. While a widespread crash akin to 2008 is not anticipated, a market recalibration is underway, offering more leverage to buyers. Key Takeaways Florida housing prices have declined for five consecutive months in 2025. Several cities, particularly in Southwest Florida, are projected to see price drops by mid-2026. Higher mortgage rates and economic uncertainty are contributing factors. Inventory is…
Miami’s Edgewater neighborhood is poised for a significant transformation with the recent city approval of Edge House Miami, a striking 56-story luxury home-sharing tower. Developed by international firm Grupo T&C and designed by Kobi Karp, the project promises to redefine urban living with its extensive amenities and high-end residences. Key Takeaways Edge House Miami, a 56-story luxury home-sharing tower, has received city approval. Project Details The groundbreaking project, spearheaded by Grupo T&C, has officially gained the green light from the City of Miami’s Urban Development Review Board. This approval marks a significant milestone for the development, which aims to introduce…
As the peak of summer begins to wane, gardeners are often faced with the challenge of maintaining their vibrant landscapes and productive vegetable patches. Late summer is a crucial period for ensuring continued growth and a bountiful harvest. This guide offers practical advice to help your garden thrive through the remaining warm days and into the cooler autumn season. Key Takeaways Combat weeds early to prevent seed spread. Deadhead annual flowers to encourage continuous blooming. Prune shrubs strategically to avoid harming future blooms. Utilize compost to fertilize vegetable gardens. Manage fruit tree windfalls to prevent pest infestations. Protect yourself from…
The Federal Reserve recently enacted a quarter-percentage-point cut to the federal funds rate, a move long anticipated by markets and individuals observing the housing sector. This decision aims to stimulate the economy by lowering borrowing costs, but its direct impact on mortgage rates and the broader housing market remains a subject of keen interest. Key Takeaways Mortgage rates have already seen a slight decrease in anticipation of the Fed’s action, though they rebounded slightly after the announcement. Potential homebuyers are still facing affordability challenges beyond just interest rates, including economic uncertainty and a tight labor market. Homeowners looking to refinance…
As Miami’s real estate market continues its dynamic evolution, a recent analysis has pinpointed the top five neighborhoods poised for significant growth and resilience in 2026. This guide focuses on areas demonstrating strong resale velocity and price stability, driven by tangible factors like new developments, corporate relocations, and desirable amenities. Key Takeaways Coral Gables leads the pack, driven by scarcity and end-user demand. Coconut Grove offers a stable market for families due to its lifestyle and schools. Miami Beach’s trophy pockets are expected to see an upswing after a brief pause. Fisher Island remains a consistent performer, attracting cash buyers…
South Florida’s ACR Electronics, a long-standing manufacturer, plays a critical role in saving lives through its advanced emergency locator beacons and related safety equipment. The company’s products, including the Artex aviation brand, have been instrumental in countless rescues, highlighting the importance of reliable technology in critical moments. Key Takeaways ACR Electronics has a decades-long history of innovation in life-saving safety equipment. Their products, such as Artex emergency locator transmitters (ELTs), are designed to withstand severe impacts and transmit vital location data. The company also produces consumer-level personal locator devices and essential marine safety gear. The Importance of Emergency Locater Beacons…