Southwest Florida Real Estate News and Market Insight

A North Miami Beach penthouse topped Miami’s luxury market last week, landing a contract at an asking price of $40 million. The pending sale is the priciest of the 15 contracts signed between Oct. 19 and Oct. 25, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The report track

National home values posted modest gains in August, picking up speed from July, though price growth still failed to keep pace with inflation. The value of single-family homes as measured by repeat transactions rose 2.1% year over year in August, up from a 1.9% annual increase the month before, accor

Real estate agent Savannah Chrisley has revealed she is pregnant with her first child—just over a year after parents were released from prison, and she moved out of their luxe $1.6 million mansion. The TV personality, 29, took to Instagram to share the joyous news that she was expecting with her fia

A group of Fisher Island Club members are accusing the island’s community association of over charging non-property-owners. The members are seeking a class action lawsuit, alleging the association improperly charged member fees to non-owners after the association sued two members in state court to c

Federal Reserve policymakers will begin their two-day meeting to set interest rate policy on Tuesday, and the central bank is widely expected to hold off on further changes after hiking rates last month. Fed Chairman Kevin Warsh and the other members of the Federal Open Market Committee will cast th

Jasmyn Carter thought she had done what prospective homebuyers are supposed to do. She had a good debt-to-income ratio, she paid her student loans, and by 2022, she had saved $30,000 in cash toward a home. Then she started home shopping. Carter, whose family has lived in Texas for eight generations,

New York City renters looking to live in Manhattan now face a daunting financial threshold: a household income of at least $215,000 per year to afford the typical apartment rent. The latest New York City Rent Report from Realtor.com® found that Manhattan's median asking rent surged to $5,375 per mon

A recently completed 18,000-square-foot legacy compound in Boca Raton, FL, has just hit the market for an astonishing $125 million. The waterfront estate, which comprises a primary residence, a two-bedroom guesthouse, and separate staff quarters, has ridden the wave to the top spot on the week’s mos

Speakers warned synthetic identities and fake deeds can undermine underwriting, QC and servicing controls

Fort Lauderdale’s skyline could soon have a new king.  New York-based NE 2nd Holdings, managed by Alexander Lichtman of Arosa Developers, has filed plans for what would be the tallest building in Fort Lauderdale, the South Florida Business Journal reported.  The proposal for the 0.7-acre site at 117

Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city.  Madison Realty Capital is providing the financing, accordin

The developers of the $350 million Riverside Wharf along the Miami River scored a nine-figure construction loan from a regional bank for the 200,000-square-foot mixed-use project. Driftwood Capital, Merrimac Ventures and MV Real Estate Holdings secured $145 million in construction financing from Ark

A pair of developers scooped up two separate multifamily project sites, as South Florida construction costs stay elevated and the region has barely emerged from years of oversupply in the rental market.  In the bigger deal, an affiliate of Brickell-based North Development paid $32.8 million for the

The Manhattan luxury market is booming despite the Big Apple's looming pied-à-terre tax on second homes valued over $1 million. Last week, 36 contracts were signed at $4 million and above, eight more than the previous week and the most since the first week of June, according to the Olshan luxury rep

Actress Sophia Bush is sharing a candid look inside her personal life with her new memoir, “And I Will Tell You Mine: Notes from a Life in Progress.” However, there’s one topic she decided to leave out—her obsession with interior design. During the Oct. 22 episode of her podcast, “Work in Progress w

Renowned architect Frank Lloyd Wright’s former home in Scottsdale, AZ has officially reopened following a freak accident that killed a visiting dignitary. Taliesin West reopened to the public on Saturday, Oct. 24, eight days after Rogério Renato Mateucci, 55, was killed while on a walking tour of th

Mel Robbins has built a career around helping people change their lives—and her own housing history includes a major change of direction. The bestselling author behind “The Let Them Theory” and host of “The Mel Robbins Podcast” spent years raising her family outside of Boston before relocating to So

This year, Halloween falls on a Saturday and if your home is on the market, a Halloween open house could work in your favor.  “Families are already out and about, and some buyers may be more willing to stop by an open house while they’re running errands or enjoying weekend activities,” says Danielle

JetBlue Airways is in the middle of a plan that aims to cut costs and increase premium revenue.

With so many people being priced out of the housing market these days, more and more homebuyers are considering prefabricated homes—also known as modular and manufactured homes. And the powers that be are getting wise to this. President Donald Trump signed an executive order to create a task force t