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.
Grant Cardone’s buying binge extends to Naples with $90M multifamily deal

Cardone Capital dropped $89.8 million on a rental community in Naples, according to a deed recorded Wednesday. The Aventura-based firm, headed by crowdfunding multifamily syndicator and online influencer Grant Cardone, acquired Orchid Run, a 282-unit complex at 10991 Lost Lake Drive, from an affil
Read MoreToday’s Starter Homes Hide Massive Remodel Costs Buyers Need To Budget For

For many buyers, starter homes are a good way to enter the housing market. However, a good “deal” can also come with a dangerous financial trap: skyrocketing renovation and repair costs. “I've watched more than a few first-time buyers purchase older homes at an attractive price, only to learn they d
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Actress Sydney Sweeney and her music mogul boyfriend, Scooter Braun, have been spotted in the "Euphoria" star's hometown of Spokane handing out free meals to victims of the recent wildfires—after jetting into the Washington locale to assist with recovery efforts in the wake of the blazes. Sweeney, 2
Read More Public record-linked AI misses key title issues in many searches

DataTrace Information Services has released a new analysis examining whether artificial intelligence (AI) relying solely on public records can produce the accuracy and completeness required for insurable title decisions. The report, titled “AI Title Search Tested in the Real World: What Accuracy, Ri
Read MoreSenator moves to regulate home equity investments at the federal level

A bill introduced in the U.S. Senate would amend the Truth in Lending Act (TILA) to explicitly include home equity investments (HEIs) within the law’s definition of residential mortgage loans — a move that would subject the growing financial product to federal consumer lending protections. Introduce
Read MoreBankruptcy of major Moe’s franchisee leaves retail leasing holes

A Moe’s Southwest Grill franchisee that operates over 50 locations has filed for bankruptcy and seeks to quickly end the leases at 16 locations, creating potential vacancies for shopping center landlords across Florida, Georgia and Virginia. Palm Beach-based Quality Fresca I petitioned for Chapter
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Actress and model Caitlin O'Connor says moving back to the Pittsburgh area with her fiancé, actor Joe Manganiello, has been an "amazing new adventure," as she opened up about how the couple keeps their relationship alive despite demanding careers that require them to travel almost constantly. After
Read More NYC expands finance pool for office-to-residential makeovers

New York City administration officials took a stride toward spurring more office-to-residential conversions by expanding a long-term financing option used in clean energy construction. In late June, the city made embodied carbon eligible for financing under its Commercial Property Assessed Clean Ene
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Influencer Rabbi Shmuley Boteach should face legal penalties over his flurry of social media posts against the Fontainebleau Miami Beach, its owner Jeffrey Soffer and its attorney, a magistrate says. Boteach, whose real name is Jacob Shmuel Botach, is an author who calls himself “America’s Rabbi” a
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Newlyweds Tom Holland and Zendaya tied the knot several months ago now—but the "Spider-Man: Brand New Day" stars are still celebrating their marriage, most recently by hosting a secret wedding party for their loved ones in the British actor's home country. Holland, 30, and Zendaya, 29, are understoo
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"She's All That" star Tamara Mello and her husband, Emmy Award-winning TV editor Paolo Cascardo, are parting ways with their thoughtfully restored Los Angeles home—as they prepare to relocate across the country to Florida. The couple have listed their midcentury modern split-level ranch in for $1.49
Read More Mortgage Rates Hit 6.69% as Markets Await Critical Deal To Reopen Strait of Hormuz

Mortgage rates hit their highest level in over a year in a fresh blow to homebuyers, as the wait for a potential deal with Iran to reopen the strategic Strait of Hormuz continued this week. The average rate on 30-year fixed home loans climbed to 6.69% for the week ending Aug. 6, up 3 basis points f
Read MoreCompass Defends Private Listings Strategy as Key Deadline in Congressional Probe Expires

Compass CEO Robert Reffkin has vigorously defended the brokerage giant's private listings strategy, even as Congress is preparing to probe aspects of the practice. Reffkin spoke at length about private listings on the company's earnings call Tuesday night, days after a congressional subcommittee lau
Read MoreWater Workouts with Swim Lessons in Naples

Take a water aerobics class or try exercises on your own at Swim Lessons in Naples. Photo courtesy of AdobeStock Cool down while burning calories with water aerobics. “Water is the great equalizer,” explains Monica Cardwell, owner of Swim Lessons in Naples. “All different people of different ability
Read MoreCanines Bring Calm to the Courtroom

Corporal Jeff Perry of Naples Police Department with Max. Photo courtesy of Courtesy of Golden PAWS Assistance Dogs Children testifying in court may now have access to emotional support in a fluffy and reassuring form. “To fathom a child having to testify in front of a judge and attorney and be in t
Read MoreTable for Two: Escape to Mykonos at Violí

Views of the restaurant’s interior. It’s not necessarily a bad thing when your first course is so irresistible that it sets the bar high and blows away any strategy for starting out light. Such was the case with the horiatiki salad at Violí, a delightful indoor-outdoor setting at Mercato in Naples.
Read MoreMississippi’s Housing Crisis Is Forcing Young Adults To Live at Home With Parents Longer

The current housing crisis, marked by severe housing shortages, job losses, and significant cost-of-living adjustments, has profoundly impacted young adults. According to the most recent Census figures, 33% of young adults aged 18-34 live with their parents, nearing the historic highs seen during th
Read MoreTigress Restaurant & Rooftop Bar Unveils Summer Menus

Ten-ounce Wagyu skirt steak. Photo courtesy of Tigress Restaurant & Rooftop Bar Tigress Restaurant & Rooftop Bar at The Perry Hotel Naples is getting experimental this summer, rolling out a refreshed lineup of culinary experiences including updated lunch, dinner, and happy hour menus, plus a three-c
Read MoreAri Pearl scores rezoning for 166-acre Hollywood golf course redevelopment

First Eagle Management and PPG Development secured rezoning and site plan approval for a 166-acre redevelopment of The Club at Emerald Hills golf course in Hollywood. The project, which has been several years in the making, drew mixed reactions from residents, with some supporting the aging club’s
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Donald Trump Jr. has bought his former fiancèe, Kimberly Guilfoyle, out of their shared Florida mansion, paying his ex $7.6 million for her portion of the sprawling waterfront property. Trump, 48, and Guilfoyle, 57, purchased the Jupiter, FL, manse for $9.7 million in March 2021—just a few months af
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