Author: Florida Real Estate News

Oracle co-founder Larry Ellison has made a significant splash in South Florida’s real estate market, investing a staggering $450 million in the exclusive town of Manalapan. This strategic move aims to transform the small coastal community into a luxurious haven for the ultra-wealthy, capitalizing on its prime location just minutes from President Trump’s Mar-a-Lago estate. Key Takeaways Oracle’s Larry Ellison has invested $450 million in Manalapan, Florida. The investments include a record-breaking estate purchase and the Eau Palm Beach Resort & Spa. Ellison aims to position Manalapan as a destination for the mega-rich. The town’s proximity to Mar-a-Lago is seen…

Florida lawmakers are advancing three bills aimed at providing property tax relief to homeowners struggling with rising costs. However, these proposals face significant criticism regarding their potential impact on local government budgets and the lack of detailed policy. Key Takeaways Three property tax relief bills have advanced in the Florida House, requiring voter approval in November. Critics warn the proposals could lead to substantial budget shortfalls for local governments and potentially bankrupt some cities and counties. Supporters argue the measures will help address Florida’s affordability crisis, while opponents suggest focusing on property insurance costs. The potential impact on the housing…

Miami Dade College is appealing a judge’s ruling that temporarily halted the transfer of a prime downtown Miami property intended for Donald Trump’s presidential library. The legal challenge centers on allegations of violating Florida’s open government laws during the initial vote to gift the valuable land. Key Takeaways Miami Dade College is appealing a court injunction blocking the transfer of nearly 3 acres of downtown Miami land for the Trump Presidential Library. An activist’s lawsuit alleged violations of Florida’s Government in the Sunshine law due to insufficient notice for the initial board vote. A judge initially sided with the activist…

Despite a softening broader housing market and persistent economic uncertainty, the luxury real estate sector demonstrated remarkable resilience throughout 2025. Tighter inventory and a significant prevalence of all-cash transactions have bolstered demand for high-end properties, allowing them to significantly outperform the general market. Key Takeaways Luxury home prices saw a notable year-on-year increase of 5.5% in October, far exceeding the 1.8% rise in non-luxury homes. Inventory growth in the luxury segment was slower than in the non-luxury market, contributing to price stability. While overall buyer caution is increasing, evidenced by rising price cuts on listings, affluent buyers remain better positioned…

A joint venture between BAM Development and Ascendra Capital has successfully secured a $60 million construction loan to develop Seventeen Gables, a new condominium project in Miami. The financing, provided by Dwight Mortgage Trust, will facilitate the construction of a 117-unit building located at 1715 Douglas Road, approximately five miles west of downtown Miami. Key Takeaways A $60 million construction loan has been secured for the Seventeen Gables condominium project in Miami. The project will feature 117 one-, two-, and three-bedroom units. Dwight Mortgage Trust provided the financing, with Filler Capital arranging the deal. Project Details and Location Seventeen Gables…

Bain Capital and 11North Partners have jointly acquired a significant portfolio of ten open-air retail centers spanning Florida and South Carolina for $395.5 million. This strategic acquisition, totaling approximately 1.04 million square feet, underscores the growing investor confidence in well-located, necessity-based retail assets in high-growth Southeast markets. Key Takeaways Bain Capital Real Estate and 11North Partners partnered to acquire the 10-property retail portfolio. The transaction, valued at $395.5 million, includes centers totaling over 1 million square feet. The portfolio boasts high occupancy rates, with many centers anchored by Publix. The acquisition targets strong demographic areas benefiting from population growth and…

South Florida’s real estate landscape is poised for significant development in 2026, with a strong focus on urban cores like Downtown Miami and Brickell. Developers are prioritizing locations offering high quality of life, walkability, and proximity to commerce, attracting a diverse range of new residents seeking opportunity in the region. Key Takeaways Developers are concentrating new projects in urban centers like Downtown Miami and Brickell. Smaller living spaces are becoming more popular, emphasizing location and amenities. The "Live Local Act" is expected to spur multifamily housing development. South Florida continues to attract new residents across various income levels. Improvements in…

As the housing market continues its evolution, design and community strategy are emerging as key drivers of buyer preference. Industry experts are highlighting a shift in what modern homebuyers value most, focusing on aesthetics, functionality, and a sense of place. Key Takeaways Buyers are increasingly drawn to simplified, contemporary exterior designs that offer cost savings without compromising style. Kitchens remain a high-priority area, with an emphasis on aesthetic appeal, ample storage, and counter space. Density is gaining traction, but with a focus on balancing it with accessible outdoor and community spaces. Mixed-use communities offering walkability and a "sense of place"…

John R. Wood Christie’s International Real Estate has announced the appointment of Anna-Marie Ellison as its new Vice President of Sales. Ellison, a seasoned executive with nearly two decades of experience in the real estate industry, joins the firm from ARC Realty, where she served as a broker. Key Takeaways Anna-Marie Ellison brings almost 20 years of real estate experience to her new role. She previously held a COO position at ERA King Real Estate and was a broker at ARC Realty. Ellison expressed a desire for growth and to contribute to building something meaningful. Her responsibilities will include supporting…

The Tampa Bay housing market is experiencing a significant shift, moving from years of soaring prices to a more balanced environment. This cooling trend brings increased inventory and more homes selling below asking price, signaling a potential "correction" year. However, rising property taxes and a national uptick in foreclosure filings add complexity for homeowners and buyers alike. Key Takeaways Tampa has dropped significantly on Zillow’s hottest housing markets list, indicating a cooling trend. Increased inventory and homes selling below asking price create a buyer’s market. Foreclosure filings in the Tampa Bay area rank fifth nationally, though context is crucial. Property…