Author: Florida Real Estate News

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…

Bain Capital and 11North Partners have jointly acquired a significant portfolio of 10 open-air retail centers spanning Florida and South Carolina for $395.5 million. The transaction, totaling approximately 1.04 million square feet, highlights strong investor demand for well-located, necessity-based retail assets in high-growth Southeast markets. Key Takeaways Bain Capital and 11North Partners acquired 10 open-air retail centers for $395.5 million. The portfolio spans approximately 1.04 million square feet across Florida and South Carolina. Properties are strategically located in affluent trade areas with strong demographics and high occupancy rates. Seven of the centers are anchored by Publix, a leading grocery chain.…

Florida’s real estate market in early 2026 is presenting a complex picture, with some regions experiencing significant downturns while others show signs of renewed momentum. January data reveals a surge in new listings across the Treasure Coast, coupled with a notable dip in median sale prices for condos and townhouses in Indian River County. Meanwhile, Southwest Florida’s market continues to cool, hitting new lows, while Central Florida shows promising signs of recovery and increased buyer activity. Key Takeaways Condo and townhouse markets in Indian River County experienced a significant price drop in January 2026, with a surge in new listings.…

Hillsborough County is under renewed scrutiny after county commissioners voted to repeal a major affordable housing fund, sparking debates over fiscal priorities and the impact on vulnerable residents. The move coincides with broader political tensions, as allegations of impropriety swirl around public contracts and a contentious school tax referendum. Key Takeaways County commissioners voted to eliminate the HOPE Affordable Housing Act, ending millions in annual funding for low-income housing. Supporters of the cut argue the funds should address other pressing needs, while critics warn of increasing homelessness. Discussions intensify ahead of decisions on reallocating the now-unfunded $10 million. Parallel controversies…

Mortgage rates have dipped below the significant 6% threshold for the first time in three and a half years, according to Freddie Mac’s Primary Mortgage Market Survey. The average 30-year fixed-rate mortgage now stands at 5.98%, a milestone reached just as the crucial spring homebuying season is set to begin. Key Takeaways Average 30-year fixed mortgage rate falls to 5.98%, the lowest in over three years. This decline is expected to invigorate the spring homebuying market. Despite a recent dip in affordability, experts anticipate improvements due to falling rates and stable home prices. Mortgage applications saw a slight increase, primarily…

GL Homes is set to develop a significant new residential community in Westlake, Florida, encompassing over 1,000 single-family homes. The project, named Silver Lake, will be built on approximately 300 acres within the rapidly expanding city. Key Takeaways GL Homes is acquiring 192 acres in Westlake for $80 million from Minto Communities USA. This acquisition adds to GL Homes’ existing 120-acre parcel purchased in 2024, bringing their total holdings to over 300 acres. The new community, Silver Lake, will feature more than 1,000 single-family homes. Westlake, founded in 2016, is experiencing rapid population growth, with an estimated 7,600 residents as…

Adirondack Capital Partners (ACP) has announced a significant expansion into the vibrant Florida market with the opening of a new office in Miami. This strategic move aims to leverage Florida’s rapid growth and dynamic real estate landscape. Brittany Feinberg has been promoted to Partner and will spearhead the new Miami-based operations, focusing on connecting investors, family offices, and developers with prime opportunities across the state. Key Takeaways Adirondack Capital Partners expands its real estate investment platform into Florida. A new Miami office will serve as a hub for connecting investors with state-wide opportunities. Brittany Feinberg has been promoted to Partner…

Major League Baseball standout Max Scherzer, known for his tenacity on the mound, is unexpectedly selling his highly anticipated, custom-built waterfront mansion in Jupiter, Florida. The home—the centerpiece of an exclusive golf community—is still unfinished, but Scherzer and his family have already decided to relocate to a different luxury community in Hobe Sound. Key Takeaways Scherzer is selling his nearly 10,000-square-foot, custom Florida home for $36 million. The house, located in Admiral’s Cove, Jupiter, won’t be completed until 2027. After visiting Atlantic Fields in Hobe Sound, Scherzer opted for the larger lots and new amenities available there. MLB Legend With…

For the first time since late 2022, the average interest rate for a 30-year fixed-rate mortgage in the U.S. has fallen below the 6% threshold, reaching 5.98%. This development offers a glimmer of hope for prospective homebuyers as the crucial spring selling season approaches. Key Takeaways The benchmark 30-year fixed-rate mortgage has dipped to 5.98%, its lowest point since September 2022. This marks the third consecutive weekly decline in mortgage rates. While rates have been trending lower, they haven’t been enough to pull the housing market out of its slump. The sub-6% rate could invigorate the spring home-buying season, but…

The home of Bobby Suarez, CEO and founder of SelltoBobby.com, was burglarized overnight in Northwest Miami-Dade. Suarez and his family were asleep when two individuals gained entry to their residence, stealing a Porsche and other valuables. The incident has left the family feeling violated and unsafe in their own home. Key Takeaways The CEO of SelltoBobby.com, Bobby Suarez, was the victim of a home invasion. Burglars entered the residence while Suarez and his family were sleeping. A Porsche and other items were stolen during the 28-minute ordeal. Surveillance footage captured the suspects entering the home and stealing the vehicle. The…