Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
Attorney, tech boss sell Palm Beach house in Mar-a-Lago Security Zone for $17M

A Palm Beach couple sold their home in the Mar-a-Lago Security Zone for $17 million, marking the latest sale in the area since Donald Trump returned to office. Records show David Weisman and Jacqueline Michel sold the house at 142 Via Palma to a trust named for the address and managed by attorney La
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JetBlue Airways CEO Joanna Geraghty told staff the carrier is further cutting costs as softer travel demand makes break-even operating margins in 2025 unlikely.
Read More Compass agents have a battle plan against CCP, Zillow

The countdown is on to Zillow’s new listing standards policy, which bans publicly marketed private listings. While it’s possible for agents at any firm to end up with a banned listing, most industry observers expect that agents at Compass — a vocal critic of the Clear Cooperation Policy (CCP) and Zi
Read MoreSenate version of GOP tax bill makes key changes to housing, federal lands sections

Following its passage in the House of Representatives, the One Big Beautiful Bill Act — President Donald Trump’s signature domestic policy bill that includes tax reform provisions with major implications for the federal budget deficit — is going through a series of pronounced changes during the reco
Read MoreCentury 21 CEO talks industry consolidation, filling market gaps

As the real estate industry faces unprecedented transformation, Century 21 Real Estate has stayed active through aggressive franchise growth, market consolidation and engagement with evolving homebuyer demographics.In an in-depth conversation with HousingWire, Century 21 CEO Mike Miedler opened up a
Read MoreInvestor’s daughter gets another crack at suing Grant Cardone

A Los Angeles woman whose class action lawsuit against Grant Cardone was tossed out two years ago has another shot at making her case. Last week, a panel of three California U.S. appeals court judges reversed an October 2023 ruling that dismissed Christine Pino’s complaint against Cardone, his Aven
Read MoreAnother telemarketing suit hits the docket, this time against Compass

The Telephone Consumer Protection Act (TCPA) lawsuits against real estate companies are beginning to pile up again. Plaintiff Jessica Murch filed a TCPA suit against Compass and Compass Washington on Tuesday in U.S. District Court in Portland, Oregon.“The Plaintiff brings this action to enforce the
Read MoreERA Real Estate affiliate expands in Pennsylvania

Mountain Realty ERA Powered has acquired Miller & Associates Real Estate, an independent brokerage based in Gettysburg, Pennsylvania.The newly merged firm will operate under the Mountain Realty ERA Powered name, with a combined total of 34 agents across two offices.The acquisition expands Mountain R
Read MoreColdwell Banker Realty adds California agent, team members

Erick Fernandez — founder of the real estate group EF Homes — has joined Coldwell Banker Realty’s office in Aptos, California, marking a shift from his prior affiliation with Keller Williams.He brings more than two decades of business experience and is accompanied by EF Homes team members Laif McCle
Read MoreLuxury signed contracts drop in Palm Beach County

With buyers flying north to beat the Florida heat, they’re signing fewer contracts for luxury homes in Palm Beach County. Buyers signed nine contracts between June 9 and June 15 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team.
Read MoreEx-Dodgers player lists Miami Beach spec house for $75M

Alex Guerrero is out to prove he has an ear for luxury real estate. The former Los Angeles Dodgers infielder listed a spec home at 3100 North Bay Road in Miami Beach for $75 million, the Wall Street Journal reported. He purchased the waterfront site only two years ago for $13.6 million. The home is
Read MoreSummer slowdown: Miami weekly condo sales slump to $68M

Miami-Dade County’s condo sales and dollar volume dropped in the second week of June, as the summer slowdown begins. Brokers closed 89 condo sales totaling $67.7 million from June 6 to June 14. The previous week, brokers closed 123 condo sales totaling $115.1 million, marking a 41 percent drop in d
Read MorePartner accuses Canero Group of “fraudulent scheme” involving Miami-Dade projects

A fallout between Canero Group’s principals and a high-profile partner has sparked allegations of fraud and mismanagement involving six projects in Miami and Homestead. Justin Rundle, a real estate investor and son of Miami-Dade State Attorney Katherine Fernandez Rundle, alleges Jose Canero Sr. and
Read MoreSpec developer sells waterfront West Palm Beach home for $28M, down from $40M ask

Spec developer Steve Bendat’s Aquantis Group sold a waterfront spec home in West Palm Beach for $28.2 million. Records show an Aquantis affiliate sold the home at 3030 Washington Road to WY1968 LLC, a Florida entity managed by private equity bossJessica Fenwick. Stephanie Mordes with Aquantis Realt
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A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami. The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday. Miami-based
Read More Melo plans 1,600 units in Edgewater, Bazbaz proposes its second Miami Live Local Act tower

A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami. The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday. Miami-based
Read MoreGriffis drops $87M for downtown West Palm apartment tower

Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million. The deal marks a slight uptick in South Florida multifamily sales after a drought of deals due to elevated interest rates and other economic headwinds. Greenwood Village, Colorado-based Griffis Resid
Read MoreReal estate investor finds buyer for $47M Gables Estates mansion

Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million. The pending sale led last week’s Eklund-Gomes report. Buyers signed 25 contracts for luxury properties in Miami-Dade County between June 9 and June 15, according to the report, which tr
Read MoreGaming streamer pays record $26M for 10-acre Davie estate

A massive estate in Davie sold for $25.5 million, marking a record for home sales in the western Broward County town. Adin Ross, a 24-year-old internet personality and gaming streamer, bought the home via an LLC, according to property records. Ross financed the purchase with a $12.7 million mortgag
Read MoreLease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral

Alo Yoga, Massimo Dutti, Vuori | Miami Swire Properties’ Brickell City Centre scored eight tenants. In the biggest lease, global fashion label Massimo Dutti will open a 6,100-square-foot store at the mixed-use complex in Miami’s Brickell, according to a Brickell City Centre news release. Alo Yoga
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