Author: Florida Real Estate News
MLB legend Max Scherzer is selling his nearly completed "dream home" in Jupiter, Florida, for a staggering $36 million. The decision to sell comes as the star pitcher and his wife, Erica, have opted to move to a different luxury community in Hobe Sound after discovering Atlantic Fields. Key Takeaways Max Scherzer is selling his unfinished Jupiter, Florida, mansion for $36 million. The couple decided to move to Atlantic Fields in Hobe Sound after touring the new community. The property is a six-bedroom, nine-bathroom home on a waterfront lot, slated for completion in 2027. A Swift Change of Plans Max…
Award-winning developer Great Gulf has unveiled plans for the Mandarin Oriental Residences, West Palm Beach, marking the luxury brand’s first standalone residential development in South Florida. Situated at 5400 North Flagler Drive, the project will feature 87 exclusive residences directly on the Intracoastal Waterway, promising unparalleled waterfront living. Key Takeaways The development comprises 87 private residences, including two- to four-bedroom units, two multi-level villas, and a full-floor penthouse. Designed by Safdie Architects, with interiors by Studio Munge and landscape architecture by ENEA Landscape Architecture. Residents will have access to extensive resort-style amenities and Mandarin Oriental’s signature service. Cervera Real Estate…
Bailey Jordan, a dedicated real estate professional, has been highlighted for their achievements and commitment within the industry. Based in Ponte Vedra, Florida, Jordan operates under Navy To Navy Homes LLC, contributing to the vibrant real estate market of the Northeast Florida region. Key Takeaways Bailey Jordan is recognized for their professional standing in real estate. Affiliated with Navy To Navy Homes LLC in Jacksonville, FL. Serves the Ponte Vedra area and the broader Northeast Florida Association. Professional Affiliation and Location Bailey Jordan is associated with Navy To Navy Homes LLC, with their office located at 4540 Southside Blvd, Suite…
Broward County is experiencing a significant surge in property values, with recent reports indicating an increase of nearly 9% for existing homes and new construction. This sustained growth, driven by high demand and limited inventory, is leading to concerns about rising property taxes and the increasing unaffordability of housing for many residents. Key Takeaways Broward County’s taxable property values have seen consistent year-over-year increases, with recent figures showing an 8.8% rise. New construction, particularly in areas like Fort Lauderdale and Hollywood, is a major contributor to this value growth. The influx of new residents from "freezing states" is intensifying demand…
RXR, in collaboration with One Investment Management, has successfully closed on significant financing for the ambitious conversion of 61 Broadway, a historic office building in Manhattan’s Financial District, into a substantial residential tower. This project, valued at over $500 million, will introduce 796 new residential units to the area, with construction slated to commence this month and the first residents expected by mid-2028. Key Takeaways RXR has secured over $500 million in financing for the conversion of 61 Broadway into a 796-unit residential tower. Construction is set to begin this month, with initial unit deliveries anticipated in the first half…
Core Investment Management has successfully acquired Jacaranda Plaza, a prominent 175,084-square-foot shopping center in Plantation, Florida, anchored by a high-volume Publix. The transaction, facilitated by JLL Capital Markets, also included the arrangement of acquisition financing through U.S. Bank for the new owner. This strategic purchase highlights the continued investor interest in well-located, grocery-anchored retail assets in South Florida’s dynamic market. Key Takeaways Core Investment Management has purchased Jacaranda Plaza, a 175,084 sq ft retail center in Plantation, Florida. The center is anchored by a Publix supermarket and is 97.9% leased. JLL Capital Markets represented the seller and arranged acquisition financing…
Florida’s real estate market is anticipating a surge in home sales as the state navigates evolving economic conditions and buyer preferences. While challenges persist, a combination of factors suggests a potentially more active market in the coming months, with sellers and buyers adapting to new realities. Key Takeaways Interest rate stabilization could encourage more buyers. Inventory levels remain a critical factor influencing sales volume. Demographic shifts continue to shape demand across different regions. Navigating the Market Landscape The Sunshine State’s housing market is at a pivotal moment, with recent data indicating a complex interplay of forces. While higher interest rates…
Florida’s housing market experienced a vigorous start to 2026, marked by a notable increase in closed sales, new pending sales, and fresh listings for both single-family homes and condominiums compared to the previous year. This positive momentum suggests a healthy and sustainable market environment as the year unfolds. Key Takeaways Closed sales for single-family homes rose by 5.9% year-over-year in January 2026. Existing condo and townhouse sales saw a 5.1% increase during the same period. New listings surged, with single-family homes up 7% and condos/townhouses up 2.7%. Pending sales demonstrated significant growth: 15.2% for single-family homes and 16.9% for condos/townhouses.…
Local governments are grappling with the increasing popularity of vacation rentals, leading to heated debates over regulations and taxation. From Maui to Evanston, cities are attempting to balance the economic benefits of short-term rentals with concerns about housing availability, neighborhood impact, and fair competition. Key Takeaways Many communities are implementing new restrictions on vacation rentals, including limits on the number of units, distance requirements between rentals, and licensing mandates for platforms and owners. These regulations often aim to address concerns about the reduction of long-term housing stock and potential neighborhood disruptions. Property owners and businesses operating vacation rentals are expressing…
West Palm Beach has emerged as the nation’s frontrunner in luxury home price appreciation, signaling a robust and rapidly expanding high-end real estate market. This surge indicates a significant influx of demand and investment into the South Florida coastal city, positioning it as a prime destination for luxury property. Key Takeaways West Palm Beach leads the country in luxury home price growth. The city’s high-end real estate sector is experiencing unprecedented expansion. This trend highlights West Palm Beach’s growing appeal to affluent buyers and investors. A Booming Luxury Market Recent data reveals that West Palm Beach has surpassed all other…