Author: Florida Real Estate News

Two new property and casualty insurers, Stand Insurance Exchange and Praxis Reciprocal Exchange, have been approved to operate in Florida, marking the 16th and 17th new entrants since recent legislative reforms. This expansion is seen by officials as a positive step towards increased competition and potentially lower rates for homeowners. However, a recent report casts doubt on the overall effectiveness of these reforms, suggesting they may have had unintended negative consequences. Key Takeaways Two new insurance carriers, Stand Insurance Exchange and Praxis Reciprocal Exchange, have entered the Florida market. These companies are approved to offer coverage for fire, homeowners multi-peril,…

Miami’s Urban Development Review Board has approved The Calta Group’s Anatomia, a significant mixed-use development slated for Allapattah’s health district. The 30-story tower will introduce 499 residential units, comprising both affordable apartments and luxury condominiums, marking a notable project leveraging Florida’s Live Local Act. Key Takeaways The Anatomia project will feature 499 residential units, including 210 affordable apartments and 289 luxury condominiums. The development aims to balance aspirational living with accessibility, addressing Miami’s housing needs. It is one of the first high-rise projects to utilize Florida’s Live Local Act for economic incentives. Project Details and Vision The Anatomia project, located…

Florida’s build-to-rent (BTR) sector is experiencing unprecedented growth, with thousands of new single-family rental homes under construction across the state. This trend is driven by rising home prices, high interest rates, and a demand for more spacious rental options, making Florida a national leader in this burgeoning market. Key Takeaways Florida ranks among the top states for build-to-rent construction, with a significant increase in new units. The state is projected to add over 13,000 new rental homes in the coming year. Central Florida, particularly the Orlando-Kissimmee-Sanford metro area, is a major hub for this development. Factors like remote work and…

South Florida’s housing market experienced a varied August, with significant sales increases in Palm Beach and Broward counties. However, Miami-Dade County continued to grapple with a sluggish market, showing a year-over-year decline in closed contracts. This divergence highlights differing market dynamics across the region. Key Takeaways Palm Beach and Broward counties saw substantial year-over-year increases in single-family home sales in August. Miami-Dade County experienced a decline in single-family home sales compared to the previous year, though the drop was less severe than in July. Inventory levels decreased in both Palm Beach and Broward counties, potentially contributing to the sales uptick.…

South Florida is gearing up for a vibrant season of festivals, offering a diverse array of culinary delights, musical performances, and cultural experiences. From the shores of Fort Lauderdale to the iconic Florida Keys and the sophisticated Palm Beaches, residents and visitors alike can anticipate a packed calendar of events celebrating the region’s rich flavors and lively atmosphere. These festivals promise something for every palate and interest. Key Takeaways South Florida’s festival scene spans from late 2025 through early 2026, featuring a variety of themes including food, wine, seafood, and jazz. Culinary Delights Across South Florida The festival season kicks…

When preparing to sell your home, the kitchen often takes center stage, and within it, cabinets command significant attention. Strategic cabinet upgrades can dramatically enhance a home’s appeal to potential buyers, influencing their perception of care and overall value. Focusing on targeted improvements rather than full overhauls often yields the best return on investment. Key Takeaways Targeted cabinet upgrades can offer a high return on investment, often recouping nearly all project costs. Buyers notice cabinets first, making their condition and style crucial for first impressions. Focus on cosmetic and functional improvements for the best resale value. Why Cabinets Matter to…

Latin American buyers are making a significant impact on Florida’s real estate market, particularly in South Florida, with investments reaching substantial figures. This trend is driven by economic and political instability in their home countries, leading them to seek stable investments in the Sunshine State. However, the market is also facing headwinds from rising costs and regulatory changes. Latin American Dominance in South Florida Latin American investors accounted for approximately $367 million in South Florida real estate transactions between August 2023 and July 2024. This represents a notable 29% of all foreign real estate investments across the United States. The…

Miami’s Urban Development Review Board has given the green light to The Calta Group’s Anatomia project, a significant mixed-use development slated for Allapattah’s health district. This 30-story tower promises to bring 499 new residential units to the area, marking a notable step in the city’s evolving real estate landscape. Key Takeaways The Anatomia project will feature 499 condominiums and apartments. It leverages Florida’s Live Local Act to incorporate affordable housing. The development includes 210 affordable apartments and 289 luxury condominiums. The project aims to balance aspirational living with accessibility for residents. Anatomia Project Details The Anatomia development, located at 1415–1469…

Florida is enhancing consumer protection with new flood disclosure requirements taking effect on October 1. These updated regulations mandate more comprehensive information for potential buyers and tenants regarding a property’s flood history, impacting sellers, developers, and landlords across the state. Expanded Disclosure Duties for Sellers Residential sellers in Florida will now be required to disclose any known flood damage that occurred during their period of ownership, in addition to existing disclosure obligations. This aims to provide greater transparency about a property’s past experiences with flooding. New Obligations for Developers Developers of residential condominiums face new disclosure requirements before selling or…

Florida Realtors, the nation’s largest state Realtor association, has launched Sabal Sign, an integrated e-signature tool designed to streamline transactions and reduce costs for real estate professionals nationwide. This move, coupled with the organization’s embrace of AI in marketing, signals a significant technological advancement for its members. Sabal Sign: A Member-Centric E-Signature Solution Florida Realtors has introduced Sabal Sign, a proprietary e-signature tool built by their own technology team. Available exclusively for Form Simplicity Ultimate Edition users, Sabal Sign aims to provide a seamless, secure, and cost-effective alternative to third-party e-signature services. The tool is named after Florida’s state tree,…