Author: Florida Real Estate News

Concerns over New York City’s political future, particularly following the election of Zohran Mamdani as mayor, have triggered a significant surge in Florida real estate sales. Developers in South Florida report a substantial increase in contracts from New York buyers, with one firm closing over $100 million in deals in recent months, a figure double that of the previous year. Key Takeaways New York City election anxieties are driving a real estate boom in Florida. One developer has seen over $100 million in contracts from New York buyers in recent months. Buyers are reportedly financially strong and making decisions aggressively.…

Florida is experiencing a notable increase in foreclosure filings, signaling potential economic headwinds for homeowners across the state. This trend, observed in recent data, suggests a growing number of households are struggling to maintain their mortgage payments, leading to a rise in distressed property situations. Key Takeaways Foreclosure filings in Florida have seen a significant uptick. This rise may indicate increasing financial pressure on homeowners. The trend warrants close monitoring by consumers and industry experts. Understanding the Foreclosure Landscape Recent reports indicate a concerning rise in foreclosure filings across Florida. This surge suggests that a growing number of homeowners are…

Jacksonville, Florida, is rapidly becoming a prime destination for real estate investors seeking lucrative returns through turnkey rental properties. The city’s robust housing market, coupled with a growing population and a streamlined investment approach, is attracting individuals looking to generate significant monthly income with minimal hassle. Key Takeaways Florida’s consistent demand for housing, driven by population growth and economic opportunities, makes it an attractive market for rental income. Turnkey rentals offer a ready-made investment solution, often including renovation, tenants, and management, simplifying the process for investors. Jacksonville presents specific opportunities, with properties like the Delmar Place duplex showcasing strong potential…

South Florida’s real estate landscape is buzzing with activity as developers strategically position themselves for 2026. Despite market shifts, the region continues to attract significant investment, with a focus on urban core development, luxury properties, and innovative housing solutions. Experts anticipate continued growth driven by population influx and economic opportunities. Key Takeaways Developers are concentrating on submarkets near Downtown Miami and Brickell, prioritizing walkability, amenities, and quality of life. The demand for smaller, well-located living spaces is increasing, with a rise in mixed-use developments and workforce housing initiatives. South Florida experienced a surge in high-value home sales in 2025, ranking…

Maui County is taking a significant step to address its housing shortage by advancing a plan to phase out thousands of short-term vacation rentals. The controversial measure, Bill 9, aims to convert these properties into long-term housing for local residents, sparking debate over economic impacts and community needs. Key Takeaways Maui County Council voted to phase out approximately 7,000 short-term vacation rentals. The move is intended to increase the availability of long-term housing for residents. The legislation faces opposition due to potential economic repercussions and legal challenges. Companion bills are being considered to potentially exempt a portion of these rentals…

Oracle co-founder Larry Ellison has injected a staggering $450 million into the exclusive Florida town of Manalapan, significantly boosting its appeal to the ultra-wealthy. This substantial investment, spread across two landmark properties, is reshaping the small coastal community into a prime destination for high-net-worth individuals, drawing parallels to other affluent enclaves in South Florida. Key Takeaways Oracle’s Larry Ellison has invested $450 million in Manalapan, Florida. The investment includes a record-breaking estate purchase and the acquisition of the Eau Palm Beach Resort & Spa. Ellison’s move is attracting other wealthy individuals and developers to the area. The town’s proximity to…

Florida lawmakers are advancing a trio of bills aimed at providing much-needed property tax relief to homeowners struggling with rising costs. However, these proposals face criticism for potentially creating significant budget shortfalls for local governments and for lacking detailed policy frameworks. The measures, if passed by the legislature, would still require voter approval in the upcoming November referendum. Key Takeaways Three bills propose different forms of property tax relief: phasing out homestead taxes, increasing homestead exemptions, and limiting assessment increases. Critics argue the plans are "blanket solutions" lacking income or circumstance considerations and could lead to service cuts or increased…

BAM Development and Ascendra Capital have successfully secured a $60 million construction loan for their upcoming condominium project, Seventeen Gables. Located at 1715 Douglas Road, the development aims to bring a unique offering of 117 units, with most priced under $1 million, to the Coral Gables area. The financing marks a significant step towards commencing construction and sales efforts for this highly anticipated residential community. Key Takeaways A $60 million construction loan has been finalized for the Seventeen Gables Condominium project. The development will feature 117 units, with a focus on residences priced below $1 million. Dwight Mortgage Trust provided…

The industrial real estate sector in Broward County, Florida, has experienced a flurry of activity with multiple significant sales and leasing transactions. These deals highlight the continued investor interest in the region’s strategically located and in-demand industrial assets, driven by strong market fundamentals and limited supply. Key Takeaways Robust Sales Activity: Several industrial portfolios and campuses have changed hands, indicating strong investor confidence. Investor Demand: Institutional-quality assets in prime locations are attracting significant capital. Strategic Location: Proximity to major transportation hubs like airports and seaports is a key driver for property value. Market Appreciation: Properties are trading at prices considerably…

Miami’s skyline is set to be redefined with the introduction of 619 Brickell Residences, a groundbreaking bayfront tower by the acclaimed Foster + Partners and Nobu Hospitality. This 74-story development promises an unparalleled living experience, blending cutting-edge architecture with world-class hospitality and a focus on wellness and longevity. Key Takeaways A 74-story luxury residential tower in Miami’s bayfront. Designed by renowned architectural firm Foster + Partners. Features hospitality and wellness services by Nobu Hospitality. Offers 306 residences, from one-bedroom plus den to penthouses. Emphasizes a comprehensive wellness ecosystem with advanced therapies and amenities. Architectural Vision and Residential Features Foster +…