Author: Florida Real Estate News
Discover the enduring appeal of Santa Maria Brickell, a premier South Brickell community that continues to attract discerning buyers. This article delves into what makes Santa Maria a unique and valuable long-term investment, highlighting its exceptional features and lifestyle. Key Takeaways Irreplaceable waterfront land and expansive grounds. Exceptional service creating a country club-like atmosphere. Spacious floor plans designed for comfortable living. A compelling value proposition compared to new constructions. A unique sense of calm and belonging. Irreplaceable Waterfront Land & Space Santa Maria Brickell stands out due to its prime location on over six acres of waterfront property. This generous…
Maui County is navigating a complex and contentious path to address its severe housing shortage by phasing out thousands of vacation rentals. The initiative, aimed at converting short-term rentals into long-term housing for residents, has encountered significant legislative gridlock and legal challenges, leaving the future of many properties uncertain. Key Takeaways Maui County passed Bill 9 to phase out approximately 7,000 vacation rentals over five years, aiming to alleviate a critical housing shortage. A subsequent effort to exempt around 4,500 of these units by rezoning them for hotel use has stalled in the County Council. The first lawsuit has been…
A Florida real estate broker is facing serious allegations of misappropriating over $121 million from a property investor. The broker is accused of using her managerial position within several companies to divert these substantial funds into her personal accounts, leaving investors in the lurch. Key Takeaways A Florida real estate broker is accused of stealing $121 million from an investor. The funds were allegedly diverted to the broker’s personal accounts. This case is part of a broader pattern of alleged real estate investment fraud in Florida. Allegations of Misappropriation A civil lawsuit filed in state court details accusations that the…
After five years of steady increases, the amount of income needed to buy a typical home in the United States has dropped for the second month in a row. Lower mortgage rates and a slower pace of home price increases are providing relief for prospective buyers, although affordability overall remains a challenge. Key Takeaways The required income to purchase a median-priced home in the US dropped by 4% year-over-year in December, now standing at $111,252. The easing comes after five years of monthly increases in the required income. Mortgage rates have fallen from 7% to around 6.1%, helping to bring…
Florida’s real estate market continues to make headlines with multi-million-dollar transactions and ambitious developments. From high-profile sales by public figures to the launch of towering luxury condos, the Sunshine State is solidifying its status as a hub for lavish living and big investments. Key Takeaways Donald Trump Jr. lists his Jupiter mansion for $30 million. WeatherTech CEO David MacNeil acquires a $68.3 million estate. Sales launch for a new 90-story luxury condo in Miami. Other notable transactions and property listings shape the market. Trump Jr.’s Jupiter Mansion Hits the Market Donald Trump Jr. has quietly listed his sprawling Jupiter, Florida…
Miami continues its dominance as the preferred destination for foreign real estate investors in the United States, with international buyers—especially from Latin America—propelling the city to the top spot in 2025 for both transaction volume and investment value. Key Takeaways Miami leads the U.S. in foreign residential real estate investment, with international buyers making up 15% of home sales in the metropolitan area. Latin American investors, primarily from Colombia and Argentina, are the major driving force. Over $4.4 billion in residential property was purchased by international buyers in 2025. Miami’s Unique Position in U.S. Real Estate While the national average…
Palm Beach County is experiencing a notable rebound in its housing market as both home sales and prices reach new highs in 2025. Recent data indicates that the area is attracting increased interest, especially among affluent buyers, despite ongoing challenges like higher mortgage rates and longer selling periods. Key Takeaways Home sales in Palm Beach surged nearly 20% year-over-year by November 2025, hitting 1,706 transactions. Single-family and condo sectors saw double-digit growth, with luxury sales leading the charge. Median prices for single-family homes neared record levels, posting a decade-long doubling. Inventory levels remain below pre-pandemic averages, but there’s more room…
South Florida’s housing market is defying national trends, with a significant surge in all-cash purchases, particularly in key metropolitan areas. While the national market sees a dip in cash transactions, Miami, West Palm Beach, and Jacksonville continue to lead the country in this segment. Meanwhile, the region’s condo market presents a more nuanced picture, with varying performance across different counties. Key Takeaways South Florida metro areas, including West Palm Beach, Miami, and Jacksonville, are leading the nation in all-cash home purchases. The condo market in South Florida shows a mixed performance, with Broward County experiencing price declines, Palm Beach County…
The average interest rate for a 30-year fixed-rate mortgage in the U.S. has fallen to 6.01%, marking its lowest point in over three years. This recent dip, down from 6.09% last week and significantly lower than the 6.85% recorded a year ago, brings the rate to its lowest since September 2022. While rates remain around the 6% mark, this decline offers a glimmer of optimism for the upcoming spring home-buying season, though the broader housing market continues to grapple with affordability challenges. Key Takeaways The 30-year fixed-rate mortgage has dropped to 6.01%, the lowest in over three years. This decrease…
A Florida property investor has filed a lawsuit accusing a local real estate broker of misappropriating over $121 million. The investor alleges the broker used her managerial positions within several companies to divert funds intended for investment distributions into her personal accounts. Key Takeaways A property investor claims a Florida real estate broker stole $121 million. The alleged theft involved funds meant for investment distributions. The broker is accused of using her company management roles to divert money. Allegations Detailed The lawsuit, filed in state court, outlines a serious breach of trust by the real estate broker. According to the…