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.
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“The Real Housewives of Miami” star Stephanie Shojaee has claimed that the villa she rented for her summer vacation in France was robbed. Shojaee, 41, claimed in a post on her Instagram account that the South of France villa she had been renting was broken into. In the first Instagram story Shojaee
Read More Procacci sells entitled multifamily site near Galleria Mall for $25M

Phillip Procacci sold a development site near the Galleria Mall that he long planned to develop, most recently proposing a 259-unit multifamily project. Boca Raton-based Procacci Development, through an affiliate, sold the 2.4-acre vacant lot in Fort Lauderdale to an entity tied to Dallas-based mul
Read MoreMovers: Boca Raton CRE veteran Arnie Sevell joins LQ Commercial

In South Florida’s latest hiring news, commercial real estate veteran Arnold “Arnie” Sevell has joined LQ Commercial after 35 years with Sevell Realty Partners. Sevell will extend the firm’s reach along Florida’s east coast, bringing experience in retail, office, industrial, land and healthcare real
Read MoreSouth Florida’s top deals: Procacci offloads multifamily dev site in Fort Lauderdale for $25M

🏆 Residential: The most expensive home sale to hit records in South Florida was in Boca Raton. A trust purchased the newly built home at 1642 Sabal Palm Drive for $21.5 million from John and Mary Hargrove, who purchased it for $6 million last year. The home, in the Royal Palm Yacht and Country Club
Read MoreHeir to Ansins’ TV news dynasty carves his path in megadevelopment

Wearing a hard hat, the sleeves of his crisp button-down shirt rolled up in South Florida’s May heat, Andy Ansin arrived late. The owner of FOX affiliate WSVN-Channel 7 was supposed to attend the on-site tour of the TV news station’s studio that’s under construction in the west Broward County city
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In the thick of more than 15 lawsuits involving him and his companies, including a foreclosure over his most high-profile condo project at the moment, developer Michael Stern says that he’s pretty “unflappable.” Two years ago, the developer of Brooklyn Tower, the tallest building in the borough, ga
Read More Price Cuts Creep Back Up as Summer Selling Season Stalls

After a strong spring and promising early summer, July saw homebuying stagnate as a result of rising borrowing costs, forcing sellers to slash prices to revive demand. The share of listings with a price cut reached 20% in July, nearly even with last year's levels, after running close to 2 percentage
Read MoreFather of the 401(k) Says the System Is Broken—but Fixing It Could Help You Buy a House

Ted Benna, widely hailed as the father of the 401(k) retirement plan, wants to shake up the system he helped to create, to help those who are benefiting from it least. “We've reached a point now where many middle- and low-income employees can't afford to have money taken out of their paycheck,” Ben
Read MoreHousing Week Ahead: Market Cools While Economic Indicators Signal What’s Next

Today, the Realtor.com® economics team releases its July Monthly Housing Trends Report—showing a market that isn't coming apart, but is cooling as is typical for late summer. Senior economist Jake Krimmel's full analysis, along with metro- and county-level data for markets beyond the top 50, is avai
Read MoreAI is changing what it takes to be a great real estate agent. Here’s what matters now.

For years, becoming a great real estate agent followed a familiar path. You put in the hours, learned your market, built relationships and slowly developed systems that made you more efficient than the competition. Experience wasn’t just valuable. It was your competitive advantage. AI for real estat
Read MoreCongress finally acted on housing. Now the real work begins.

For years, housing affordability was a problem hiding in plain sight. Rents were climbing faster than wages. First-time buyers locked out of markets their parents once could afford. Families doubling up, moving away or simply giving up on the idea of owning a home. The numbers were damning. The caus
Read MoreSouth Florida Dirt: Worst is over for multifamily landlords

The tide is beginning to turn back in favor of multifamily landlords, but it’s still too early to get excited. Developers are starting to pull back on leasing incentives and bring rents back up after an oversupply benefited renters. At the end of the second quarter, the number of new leases (13,774
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A waterfall might not be a common feature in many backyards, but this historic mill-turned-residence has one running through it—and that's only part of what makes Bloomvale, likely one of the Hudson Valley's most extraordinary homes currently on the market, so compelling. The remarkable stone estate
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The planned demolition of an abandoned South Miami landmark has hit another delay. The redevelopment of Sunset Place—a once-vibrant outdoor shopping center that had been scheduled for teardown in early 2026—remains in limbo. Development firm Midtown Development purchased the 10-acre site for $65.5 m
Read More Why flights are so expensive and will likely stay that way

Airlines are paying billions of dollars more in fuel costs this year
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In the early 20th century, the 10,000-plus page Sears, Roebuck and Co. catalog served as the original all-in-one marketplace—featuring clothes, toys, and even complete mail-order house kits. These mail-order homes were shipped directly by train, and considered "modern" at the time. They included eve
Read More The housing market defies expectations even with higher rates

Housing demand still showed positive year-over-year growth last week, despite the hawkish Fed, escalation of the Iran conflict, rising mortgage rates and the 10-year yield hitting yearly highs. We had year-over-year growth in our weekly pending sales, total pending sales and purchase apps. Growth ha
Read MoreGondola-Side Steamboat Springs Stone Mansion Returns to Market for $14 Million

Many Colorado mountain homes can claim ski-in/ski-out status, but premier views of a gondola gliding just past your windows? That's a bit more rare—and exactly what the next owners of this Steamboat Springs residence can look forward to. The sprawling stone estate at 2555 Ski Trail Lane has returned
Read MoreIn Full Bloom at Waterlily Weekend

Waterlillies. Photo courtesy of Naples Botanical Garden Celebrate the height of aquatic bloom during Waterlily Weekend at Naples Botanical Garden August 29 and 30. Showcasing nearly 300 varieties across lush water gardens, this two-day festival invites guests to experience these floating marvels at
Read More‘I’m Renovating a 120-Year-Old Abandoned General Store Into the Homestead of My Dreams’

A Virginia resident is transforming a 120-year-old abandoned general store into her dream homestead—and sharing every step of the journey with hundreds of thousands of followers online. Emma Shaye, 32, purchased the property in the fall of 2024 for $23,000 following a deeply personal loss. The previ
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