Author: Florida Real Estate News
Florida Lawmakers Eye Potential Elimination of Property Taxes Amid Soaring Homeownership Costs As Florida grapples with skyrocketing housing prices, lawmakers are exploring the possibility of eliminating property taxes—a move that could drastically reshape the state’s fiscal landscape. With median home prices in some metro areas tripling or quadrupling since 2012, homeownership has become a daunting challenge for many Florida residents. The Push for Tax Reform Governor Ron DeSantis has emerged as a leading voice in the call for real estate tax reform. In a recent State of the State address, he expressed frustration over the existing property tax system: “Is…
Discover Luxury Living at Marina Pointe in Tampa, Florida Tampa, Florida’s West Coast gem, is becoming an increasingly popular destination for luxury real estate, particularly among buyers from Latin America. With its stunning waterfront properties and vibrant urban lifestyle, Tampa is a top choice for those seeking an upscale living experience in the United States. One standout option is Marina Pointe, a premier waterfront condominium offering an exceptional standard of luxury living. Why Choose Marina Pointe? Located on picturesque Tampa Bay, Marina Pointe is a luxurious condominium community that reflects the allure of Florida’s coastal living. Here’s why it’s drawing…
Divina Carne: An Upscale Brazilian Steakhouse Set to Open in Orlando Divina Carne, a renowned Brazilian steakhouse originating from Cancun, Mexico, is set to launch a second location in Orlando this year. Known for its upscale dining experience, this new establishment aims to compete with some of Central Florida’s finest restaurants, not just in quality but also in exceptional service. A Culinary Journey from Cancun to Orlando Background of Divina Carne Origins: The restaurant began its journey during the challenging times of the 2020 pandemic, quickly gaining popularity. Originally founded in Costa Rica, the owners aimed to perfect the concept…
Navigating the Home Buying Landscape Post-August 2024 As the real estate market evolves, understanding the nuances of the buying process is crucial. The National Association of Realtors (NAR) commission settlement, effective August 17, 2024, has brought transformative changes to the way buyers interact with agents and how commissions are structured in real estate transactions. Key Changes in the Home Buying Process The settlement marks a pivotal shift, making it imperative for buyers to engage in a buyer representation agreement before previewing any properties nationwide. This aims to enhance transparency and ensure that buyers receive dedicated support and representation throughout their…
Florida’s Housing Market Shakeup: What’s Behind the Shift and What to Expect Next Florida, long celebrated for its beaches, favorable climate, and tax benefits, has recently experienced a significant transformation in its housing market. The state, once a top destination during the pandemic relocation surge, now faces an affordability crisis, falling property values, and a slowdown in migration. This comprehensive analysis unpacks the underlying causes of these changes, what they mean for residents and potential buyers, and insights on whether Florida’s real estate market will rebound. The Florida Real Estate Boom: A Pandemic-Fueled Surge During the COVID-19 pandemic, Florida became…
Opportunities for Investors: Navigating the Market After Hurricane Helene in Florida’s Coastal Areas In the wake of Hurricane Helene, Florida’s coastal gems—St. Petersburg, Tampa, Punta Gorda, Englewood, Venice, Anna Maria Island, St. Pete Beach, Siesta Key, and Bradenton Beach—have experienced significant impacts. While the scene may be marked by devastation, it also presents unique opportunities for homebuyers and investors willing to navigate the complexities of purchasing properties affected by flooding. Understanding the Market 1. Assessing the Damage Before purchasing a flooded property, it is critical to evaluate the extent of the damage. Flooded homes can vary drastically, from minor water…
4 Budget-Friendly Remodeling Ideas for a Quicker Home Sale in Largo Selling a home quickly often hinges on its condition and appeal. An attractive, well-maintained home not only draws buyers in but also elevates its market value. If your property is in need of upgrades, here are four budget-friendly remodeling ideas to enhance your home’s attractiveness and facilitate a swift sale in Largo. 1. Improve Curb Appeal The exterior of your home sets the tone for potential buyers. Here are some effective ways to enhance curb appeal: Exterior Fixtures: Focus on upgrading outdoor fittings like your mailbox and house numbers.…
Understanding Tenants in Common: Rights and Obligations in Florida Real Estate When it comes to shared ownership of real estate in Florida, the legal structure of tenants in common plays a critical role. This ownership model allows multiple parties to hold an undivided interest in property. However, it also brings with it specific rights and obligations that every tenant should be aware of. Key Rights of Tenants in Common 1. Right to Partition One of the fundamental rights of tenants in common is the right to partition, which allows co-owners to request the division or sale of the property. This…
Miami-Dade County Property Values Surge but Show Signs of Easing Taxable property values in Miami-Dade County continue to climb, reflecting an estimated total of $511.8 billion in 2025, according to the latest figures from the office of Miami-Dade County Property Appraiser Tomás Regalado. This marks an 8.5% increase compared to the previous year, yet the growth is showing signs of slowing, particularly due to a decline in the condominium market. A Closer Look at Property Value Increases The county’s property appraiser reports a robust rise in taxable values, amounting to an extra $40.2 billion from 2024. Here’s a breakdown of…
South Florida Real Estate Market Faces Challenges Amid Changing Landscape The vibrant South Florida real estate market is under considerable strain, marking a notable shift from the explosive growth witnessed during the pandemic years. With residential sales cooling nationwide, South Florida faces double-digit sales declines and increasing inventory levels that are particularly evident in regions such as Miami Beach and the barrier islands. Declining Condo Sales in South Florida According to a recent report by Miller Samuel and Douglas Elliman, condo sales in Miami Beach and its surrounding barrier islands experienced a significant decline during the first quarter of this…