Author: Florida Real Estate News

Oracle cofounder Larry Ellison is making waves in South Florida’s luxury real estate scene, investing $450 million in the exclusive town of Manalapan. His purchases are setting new records and attracting other ultra-wealthy individuals to this elite enclave just a short drive from Mar-a-Lago. Key Takeaways Larry Ellison has invested $450 million in Manalapan, Florida, acquiring landmark properties. The Eau Palm Beach Resort & Spa is now under his ownership and set for major upgrades. The influx of wealthy residents is reinforcing Manalapan’s status as a high-end destination. Ellison’s Investment Sets Florida Real Estate Records Larry Ellison, the world’s fifth-richest…

The Florida House of Representatives has overwhelmingly approved a proposal that could lead to the elimination of property taxes on homesteaded homes, sending the measure to voters for consideration in 2026. This bold move, championed by House leadership as historic tax relief, faces significant hurdles in the State Senate and potential opposition from the governor, setting the stage for a contentious legislative battle over the future of local government funding. Key Takeaways The Florida House passed a joint resolution to place a constitutional amendment on the 2026 ballot that would eliminate non-school property taxes for homesteaded properties. The proposal, if…

South Florida’s real estate market is experiencing a significant surge in foreign investment, with buyers from Latin America leading the charge. This influx of capital has solidified Miami’s position as a top destination for international property acquisitions, driven by a combination of economic stability, wealth preservation, and lifestyle appeal. Key Takeaways Latin American buyers are the primary drivers of foreign real estate investment in South Florida. Miami leads the U.S. in foreign buyer transactions and market share. Investors seek wealth preservation, economic stability, and alternative investment vehicles. New developments and pre-construction projects are particularly attractive to these buyers. A Thriving…

Florida’s housing market kicked off 2026 with a surge in activity, showing increased closed sales, pending contracts, and new listings compared to the previous year. However, this uptick is accompanied by a slight decrease in median prices and a notable expansion of available inventory, suggesting a market shifting towards greater balance. Key Takeaways January 2026 saw year-over-year increases in closed sales for both single-family homes and condos/townhouses across Florida. New pending sales have shown consistent year-over-year growth for six consecutive months, indicating sustained buyer interest. Inventory levels have risen, providing more options for buyers and signaling a move towards a…

Naftali Group has achieved a significant construction milestone at JEM Private Residences, located within the vibrant Miami Worldcenter. The topping off of the podium level, marking the completion of the 11th floor, signifies a crucial advancement in the vertical construction of this 67-story luxury residential tower. This development underscores the rapid progress and strong investor confidence in the downtown Miami area. Key Takeaways The podium level completion signifies the transition from the building’s foundation and parking levels to the residential tower. Construction is progressing rapidly, with completion anticipated in Q4 2027. The project has secured substantial financing and experienced strong…

Recent reports from Colliers offer a detailed look into the Broward County commercial real estate market, revealing distinct trends across its office, retail, and industrial sectors. While the office market navigates economic uncertainty with rising rents but increasing vacancies in older buildings, the industrial sector sees robust leasing despite negative absorption. The retail market, however, is showing positive momentum. Key Takeaways The Broward office market is experiencing rising vacancy rates in older properties, while newer buildings remain stable. Rents are at record highs. The industrial sector shows strong leasing activity, but new supply and a cost-conscious tenant base are impacting…

A Florida property investor has filed a lawsuit accusing a local real estate broker of misappropriating over $121 million. The investor alleges the broker, who managed several companies, diverted substantial investment funds into her personal accounts. Key Takeaways A property investor claims a Florida real estate broker stole $121 million. The alleged theft involved investment distributions diverted to the broker’s personal accounts. The lawsuit was filed in state court. Allegations of Embezzlement The lawsuit, filed in state court, details accusations that the real estate broker exploited her managerial roles within multiple companies to siphon funds. These funds were reportedly intended…

Fort Lauderdale’s skyline is increasingly defined by its luxurious high-rise condominiums, and a distinct trend is emerging: buyers are consistently gravitating towards higher floors. This preference isn’t just about aesthetics; it’s driven by a compelling set of advantages that enhance the living experience, from breathtaking views to a more serene environment. Key Takeaways Higher floors offer superior views, reduced noise, and enhanced privacy. These residences often come with premium finishes and access to exclusive amenities. The demand for high-floor units contributes to their value retention and potential for appreciation. Unrivaled Views One of the most significant draws of high-floor living…

Related Group and Dezer Development have celebrated a significant milestone with the topping off of Rosewood Residences Hillsboro Beach, a new ultra-luxury condominium development. This project will soon offer 92 exclusive waterfront units in the prestigious Hillsboro Beach, Florida, marking a significant addition to the region’s high-end real estate market. Key Takeaways The development comprises a 10-story oceanfront tower with 70 units and a three-story Intracoastal-facing building with 22 units. Construction commenced in December 2024, with an anticipated completion in early 2027. Residences will range from 2,800 to 6,400 square feet, with prices starting around $6 million. An extensive list…

South Florida’s real estate market is experiencing a significant surge, attracting high-profile buyers and developers alike. From ultra-exclusive islands to bustling urban cores, the region is becoming a hotbed for luxury acquisitions and ambitious development projects, fueled by a mix of wealth migration and strategic investment. Key Takeaways Tech billionaires like Mark Zuckerberg are reportedly exploring multi-million dollar property acquisitions. Developers are focusing on urban core areas like Downtown Miami and Brickell, emphasizing mixed-use spaces and transit-oriented development. The market is seeing a diverse range of transactions, from ultra-luxury residential sales to significant commercial land deals. High-Profile Buyers Target Exclusive…