Author: Florida Real Estate News
Body Camera Footage Deleted Before Trial for Teen’s Boating Fatality Overview of the Incident In a concerning turn of events, critical body camera footage has been erased just months before the trial of George Pino, the reportedly intoxicated driver of a boat that crashed, resulting in the tragic death of 17-year-old Luciana Fernandez and injuries to 10 others. The unfortunate incident took place in 2022 when Pino’s 29-foot Robalo boat collided with a channel marker near Boca Chita. Key Events Accident Date: 2022 Victim: Luciana Fernandez, 17 (later died from injuries) Accused: George Pino, prominent Miami real estate broker Charges:…
Innovative Deal: Cryptocurrency Accepted for Waldorf Astoria Residences St. Petersburg Early cryptocurrency enthusiasts now have the chance to leverage their unrealized gains to secure a luxury condominium at the highly anticipated Waldorf Astoria Residences in St. Petersburg, Florida. Property Markets Group (PMG), a national real estate developer, has announced a groundbreaking cryptocurrency purchasing structure, making it the first of its kind in the luxury real estate sector. A New Era in Real Estate Transactions In a joint venture to build St. Petersburg’s tallest luxury-branded building, PMG is set to revolutionize how properties are purchased. Managing Partner Ryan Shear stated, “We…
Surge in Central Florida County Budgets: An In-Depth Analysis In recent years, budgets across Central Florida counties have experienced exponential growth, primarily driven by rising property tax collections. An analysis by the Orlando Sentinel reveals that Orange County’s annual spending plan has surged by $1.7 billion since 2020, an increase of approximately 31%. Rising Property Tax Collections Property tax collections in Orange County have witnessed a striking increase of about 40%, contributing significantly to the swelling county budgets. Other major counties in Central Florida have seen similar trends, with budgets expanding by at least $100 million over the same timeframe.…
Gilbert, Arizona: The New Sunshine State for Snowbirds Discover the Rising Appeal of Gilbert, Arizona Florida has long been associated with warm winters and vibrant lifestyles, but a new contender is emerging in the Southwest: Gilbert, Arizona. Just 22 miles southeast of Phoenix, this once-sleepy farming community is rapidly transforming into a favored destination for snowbirds seeking not just sun, but also affordability and lifestyle perks. Why Gilbert Stands Out A Paradigm Shift from Agriculture to Affluence Once dominated by dairy farms and hay fields, Gilbert has redefined itself. Now spanning 72 square miles and housing over 275,000 residents, the…
Navigate Florida’s Real Estate Market with Top Professionals in 2025 Finding the right real estate professional is crucial when it comes to buying or selling a home. In Florida’s dynamic market, having expertise, local knowledge, and trustworthiness can significantly impact your real estate journey. Whether you’re a first-time buyer, seeking an investment property, or selling in a fast-moving market, skilled professionals are essential. Florida’s Housing Market Landscape In mid-2024, Florida saw a 40.1% increase in housing inventory. This surge provides buyers with more options than in previous years; however, demand continues to exceed supply. In such a competitive atmosphere, expert…
Luxurious Private Island for Sale in Florida Keys: Howell Key at £21.9 Million A stunning 10-acre private island named Howell Key has officially hit the real estate market, boasting an impressive price tag of £21.9 million. This exclusive listing is available through Ocean Sotheby’s International Realty and represents the most expensive offering in the Middle and Lower Florida Keys. Key Features of Howell Key An Off-Grid Oasis Located off mile marker 25 in Summerland Key, Howell Key serves as a self-sufficient sanctuary. This off-grid property is powered primarily by solar energy, making it both eco-friendly and energy-efficient. Luxurious Living Spaces…
Miami Housing Market Faces Slowdown: Key Insights The Miami housing market, which experienced a dramatic surge during the pandemic, is now witnessing a notable slowdown. As inventory increases and sales decline, uncertainty about the economy and rising mortgage rates loom large. Here’s what you need to know about the current state of the Miami real estate landscape. The Declining Demand Sales Cancellations on the Rise Recent data from Redfin reveals a troubling trend: 17.9% of pending home sales in Miami fell through in March, up from 16.1% a year earlier. This places Miami as the 20th highest in sale cancellations…
Texas Real Estate: A Goldmine for Investors Thanks to its robust economy, investor-friendly policies, and continuous population growth, Texas has become a premier destination for real estate investment. With affordable housing options, a diverse industrial base, and a high demand for rental properties, the Lone Star State presents attractive opportunities for both short-term profits and long-term gains. Why Choose Texas for Real Estate Investment? Economic Boom Texas has exhibited consistent economic growth that appeals to investors. The state supports a variety of industries, including technology, healthcare, and energy, which continuously drive job creation. Affordable Housing Market Affordable housing is one…
Russell Galbut Launches "Crescent Seas": A New Era of Luxury Condo Cruising Focus Keyword: Luxury condo cruise line A Dream on the High Seas For 47 years, Russell Galbut and his wife, Ronalee, have embraced the allure of cruising. Even as a seasoned real estate developer, Galbut’s passion for the ocean has remained undiminished. Combining his dual loves, the Galbut family proudly presents Crescent Seas, a luxury condo cruise line set to embark on its inaugural voyage in late 2026. A Vision for Luxury Living Crescent Seas is backed by GFO Investments, Galbut’s global family office, and marks an exciting…
South Florida Housing Market Faces Significant Shift: What You Need to Know The South Florida housing market is experiencing a notable reversal, with the number of homes for sale reaching its highest level in almost a decade. This increase has quadrupled since 2022, driven by a combination of declining demand and a surge of homeowners choosing to sell due to escalating costs and stagnant affordability. Why This Shift Matters Experts are now calling this period a much-needed correction for Florida’s once-booming housing market. As inventory grows and demand weakens, the effects of years of overheated growth are beginning to wane.…