Author: Florida Real Estate News

Wealth guru and bestselling author Pam Sowder has put her luxurious Florida dream home on the market for $12.99 million. Sowder, known for her "Rich Girl, Poor Girl" book and podcast, has lived in the nearly 8,000-square-foot Sarasota residence for 12 years. She and her husband are now building a custom megamansion next door, eager to experience building a home from the ground up while retaining access to the desirable waterfront lifestyle. Key Takeaways Pam Sowder, author and wealth expert, is selling her Sarasota, Florida mansion for $12.99 million. The couple is building a new, custom home next door to…

A prime oceanfront property in Palm Beach has been resold for a staggering $26 million, marking a swift and profitable transaction for its recent owner. The undeveloped lot, situated in one of Florida’s most exclusive coastal enclaves, highlights the enduring demand for high-value real estate in the region. Key Takeaways An oceanfront home lot in Palm Beach was flipped for $26 million. The transaction signifies strong investor interest in premium coastal properties. Palm Beach continues to be a sought-after market for luxury real estate. A Lucrative Real Estate Transaction The recent sale of the oceanfront lot for $26 million underscores…

Federal prosecutors have reached a settlement with RealPage Inc., a Texas-based software company, to curb the alleged use of its rent-pricing algorithm for "algorithmic collusion." The agreement aims to prevent landlords from using confidential data to coordinate rent hikes, a practice critics argue inflated housing costs for renters nationwide. While RealPage admits no wrongdoing and faces no damages, the settlement, pending judicial approval, restricts its ability to use real-time data for price recommendations, requiring any nonpublic data used to be at least a year old. Key Takeaways RealPage Inc. settles with the Department of Justice to limit its rent-pricing algorithm.…

Core Investment Management has successfully acquired Jacaranda Plaza, a prominent 175,084-square-foot shopping center in Plantation, Florida. The deal, facilitated by JLL Capital Markets, includes the arrangement of an acquisition loan through U.S. Bank for the new owner. This strategic acquisition marks a significant addition to Core Investment Management’s portfolio in a high-demand South Florida market. Key Takeaways Acquisition: Core Investment Management has purchased Jacaranda Plaza, a 175,084 sq ft shopping center. Location: The plaza is situated in Plantation, Florida, at a high-traffic intersection. Anchor Tenant: Publix anchors the center, which also features other major retailers. Financing: JLL Capital Markets arranged…

The sprawling Florida mansion that served as a backdrop for Channing Tatum’s iconic role in the 2012 film ‘Magic Mike’ is once again on the market. This Mediterranean-style waterfront estate, located in Tierra Verde, is now listed at a significantly reduced price after previously being offered for $12 million. Key Takeaways The ‘Magic Mike’ house is back on the market for $8.4 million. It was previously listed for $12 million in June 2025. The property was featured in the 2012 film as Magic Mike’s workplace. The home was completed in 2013, after filming. A Piece of Hollywood History The estate,…

Swire Properties has announced a monumental achievement with the sale of two ultra-luxury penthouses at The Residences at Mandarin Oriental, Miami. These record-setting transactions, totaling nearly $100 million, underscore the robust demand for high-end real estate in Miami and solidify the project’s status as a premier global destination. Key Takeaways Two penthouses sold for $49.9 million each, totaling nearly $100 million. These sales represent the highest-priced condominium transactions in mainland Miami history. The Residences at Mandarin Oriental, Miami has now surpassed $1.3 billion in total sales. Groundbreaking for the development is anticipated in late 2026. A New Benchmark in Luxury…

A significant industrial real estate transaction has taken place in Davie, Florida, as JLL Capital Markets arranged the sale of Westport Business Park—a three-building, nearly 200,000-square-foot campus. The sale to Westport BP LLC, associated with Arnet Pharmaceutical, underscores the surging demand and strategic importance of last-mile industrial assets within rapidly growing markets like Broward County. Key Takeaways Westport Business Park is a three-building, institutional-quality light industrial campus totaling 199,731 square feet. The property is fully leased to tenants across diverse industries, including pharmaceuticals, healthcare, aerospace, mechanical engineering, food and beverage, and construction. The campus’s prime location near major highways and…

South Seas has announced the significant acquisition of a 22-acre property on Captiva Island, previously owned by the Robert Rauschenberg Foundation. This expansive, beach-to-bay parcel includes ten buildings and extensive waterfront footage along both the Gulf and Pine Island Sound, marking a major expansion for the resort. Key Takeaways South Seas has purchased the 22-acre Robert Rauschenberg Foundation property on Captiva Island. The acquisition spans from the beach to the bay and includes 10 buildings. The purchase is a joint venture involving Timbers Company, Wheelock Street Capital, and The Ronto Group. South Seas plans to honor Robert Rauschenberg’s legacy through…

Miami has once again solidified its position as the premier destination for foreign real estate investment in the United States. The city leads the nation in both transaction volume and the percentage of foreign buyers in total residential sales, driven significantly by capital from Latin America. This trend highlights Miami’s enduring appeal to international investors seeking stability and value. Key Takeaways Miami leads the U.S. in foreign real estate investment, with 15% of home purchases made by international buyers in 2025. Latin America, particularly Colombia and Argentina, is the primary source of this foreign capital. International buyers invested $4.4 billion…

Los Angeles’ distinctive "Graffiti Towers," a pair of striking residential buildings known for their vibrant, colorful exteriors, have been sold for a staggering $470 million. This significant transaction marks a major moment in the city’s real estate landscape, highlighting the enduring appeal and value of unique architectural landmarks. The sale of the two 25-story towers, located in the rapidly developing area of Downtown Los Angeles, underscores the robust demand for high-quality residential properties in prime urban locations. The buyer and seller details have not been publicly disclosed, adding an element of intrigue to this high-profile deal. Key Takeaways The "Graffiti…