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.
Sophia Jensen on Approaching the Runway

Sophia Jensen is excelling in the world of fashion design. She was one of two artists selected to submit a design for a six-month display at the General Motors Technical Design Center in Warren, Michigan. Photo by Nick Shirghio “Art was an obvious choice for me. Never did I consider doing something
Read MoreMast Capital sells Sunny Isles hotel to South Street for $20M-plus

The resort portion of an oceanfront condo-hotel in Sunny Isles Beach is under new ownership after Mast Capital sold it to a real estate private equity firm. Miami-based Mast Capital, led by CEO Camilo Miguel Jr., sold the 249-key Solé Miami, a Noble House Resort, to South Street Partners for between
Read MoreRobert Finvarb launches short-term rental condo project in North Beach

Robert Finvarb Companies is the latest developer to zero in on North Beach and join the flexible ownership condo craze, The Real Deal has learned. The Aventura-based firm, led by CEO Robert Finvarb, is launching sales of NoBe Parc Miami Beach, a 15-story, 232-unit short-term rental-friendly condo b
Read MoreArtist Colony Made Famous by ‘Hippies’ and Rock Stars Comes Into Its Own as Luxury Destination

Woodstock, NY, has one of the most recognizable names in real estate, thanks to a world-renowned music festival that didn't even take place in the town. The name conjures up images of Jimi Hendrix letting loose with "The Star Spangled Banner," Joe Cocker's famous gyrations, and an ominous warning no
Read MoreSouth Florida’s top deals: El-Ad buys Miami condo property for $46M

🏆 Residential: The top recorded home sale was in Boca Raton, where a waterfront spec mansion sold for $75 million. The deal, in the gated Royal Palm Yacht & Country Club, is a record for the city. The estate at 2500 East Maya Drive spans 18,300 square feet. David Roberts of Royal Palm Properties re
Read More‘Borderline Desperate’ Buyers Are Winning Bidding Wars but Risking Deals Over Low Appraisals

Desperate to win bidding wars in low-supply, high-demand markets, buyers often offer well over asking price, only to see the deal stall because the appraisal falls short of mortgage requirements. This leaves them with a stark choice—either pay out of pocket to bridge the financing gap or walk away f
Read MoreInside the latest in separate deadly incidents in Miami waters tied to real estate

Two separate tragic incidents in Miami’s waters — both tied to prominent local real estate figures and which each ended in the death of a teen — are headed for very different legal outcomes. Commercial broker George Pino, CEO of Doral-based State Street Realty, faces a felony vessel homicide charge
Read More“Calculated scheme”: Brickell Key condo owners sue Swire over $32M seawall and baywalk assessment

Brickell Key condo owners are accusing developer Swire Properties of scheming to illegally saddle them with the financial burden for seawall replacement on the triangular island off Miami’s Brickell, according to a lawsuit. Five residential condo associations sued Miami-based Swire over its $32.3 m
Read MoreHow Chattanooga Boosted Affordable Housing Without Direct Subsidies

With its corner of Southeast Tennessee growing, Chattanooga has developed a new tool to encourage more housing, without making taxpayers foot the bill. The city has secured the first set of new housing developments using a first-of-its-kind tool, which incentivizes the construction of below-market h
Read MoreEastwood Homes lands Peachtree Building Group in Atlanta

Eastwood Homes’ acquisition of Atlanta-based Peachtree Building Group – announced today – maps out on its surface as a straightforward expansion move. Eastwood Homes, our HousingWire Homebuilder Ranking’s No. 11-ranked private homebuilder, is a fast-growing Charlotte-based builder that, with this de
Read MoreWhy Mortgage Rates Just Hit a 9-Month High—and What It Means for Buyers and Sellers

As summer unofficially begins, mortgage rates have climbed to their highest level in nine months, propelled higher by soaring energy costs stemming from the ongoing conflict in the Middle East. Freddie Mac reported last Thursday that the average 30-year fixed home loan rate reached 6.51%, a benchmar
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The storied Los Angeles estate where fitness guru Richard Simmons died in 2024 has undergone a significant $579,000 price cut, just a few weeks after it reappeared on the market as a $5.8 million "canvas for transformation." Simmons, who died just days after celebrating his 76th birthday, had owned
Read More Home equity cap tied to Medicaid eligibility is set to change

A new federal Medicaid rule will place a nationwide cap of $1 million cap on home equity for older adults who seek long-term care coverage, a change advocates say could increasingly affect middle-class homeowners in expensive housing markets. The provision, included in the Budget Reconciliation Act
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A rare full-floor Tribeca "compound" with its own hidden private terrace and a host of wellness-focused amenities has hit the market for $4.3 million. The custom-designed dwelling, which spans just over 2,000 square feet, is currently owned by Jessica Schaefer, the founder and CEO of AI-powered comm
Read More Compass agent with no coding experience builds local real estate hub using AI

A real estate agent with no technical background spent 11 months using artificial intelligence (AI) to build a hyperlocal educational website — aiming to replace what she calls a fragmented online landscape for buyers and sellers. Irina Norrell, who leads Compass’s Irina Norrell Team in the Washingt
Read MoreCMLS, this one is for you: Build the alliance now or watch Compass build it instead

In the next four months, CMLS leadership has the opportunity to convene the MLS-controlled national alliance the industry needs. The 2026 Board of Directors is in place under Chair Nicole Jensen of realMLS and Vice Chair Justin Haag of Northwest MLS, taking the helm at what WAV Group described as on
Read MoreSmartfi offers 50-bps reverse mortgage discount for veterans

A new offering from Smartfi Home Loans is aimed at expanding benefits for veteran homeowners through a lower interest rate on its proprietary reverse mortgage product. In honor of Memorial Day, the company this week launched Choice Service, an enhancement to Smartfi Choice, the company’s proprietary
Read MoreBoucher Brothers, city of Miami Beach finalize $3M settlement with Nikki Beach operator

A juicy lawsuit against the city of Miami Beach and Boucher Group over the redevelopment of a city-owned beachfront ended in a $3 million settlement, payable to the owner of Nikki Beach. Boucher agreed to pay $1.5 million to Penrod Brothers to settle the lawsuit. The city agreed to pay $1.5 million,
Read MoreWells Fargo To Offer Mortgage Discount on 3D-Printed Homes From Leading Builder

While 3D-printed homes built by robots might sound like something out of a sci-fi movie, they're becoming more prevalent, thanks to companies like Austin, TX-based construction technology firm Icon. In the past, some buyers of 3D-printed homes struggled to qualify for traditional mortgage financing,
Read MoreMISMO white paper details path to standardize mortgage fee descriptions

The Mortgage Industry Standards Maintenance Organization (MISMO) on Tuesday announced the publication of a new white paper, “Fee Standardization in the Mortgage Industry,” outlining how its consumer-facing charge and fee guide can improve consistency and reduce costs tied to mortgage fee disclosures
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