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.
Sedano’s heiress sells Pinecrest estate for $14M amid South Florida luxury boom

An heiress to the Sedano’s Supermarkets fortune sold her Pinecrest estate for $13.4 million, The Real Deal has learned. Magaly Santana and Ernesto Santana sold the 11,500-square-foot mansion at 10101 Southwest 60th Court. Magaly’s late father, Manuel Agustin Herrán, founded the company that now own
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What began as homeowner complaints about neglected landscaping in a Miami community has unfolded into perhaps the largest fraud case ever involving HOA leadership. Prosecutors say corrupt officers of the Hammocks Community Association pilfered more than $11 million over several years through sham ve
Read More Independents aren’t on an island: FirstTeam, Brown Harris Stevens bet on collaboration

As large national brokerages and franchisors consolidate, two regional independent firms, the West Coast-based FirstTeam Real Estate and the East Coast-based Brown Harris Stevens, are teaming up to show that there is a way for independents to compete more aggressively while maintaining their indepen
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Amazon tycoon Jeff Bezos is said to be "quietly shopping" his one-of-a-kind $500 million superyacht, Koru, with reports suggesting that the billionaire now believes the "floating palace" is "too huge" to manage. The extraordinary vessel, which measures a whopping 417 feet, was built by Dutch manufac
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The iconic North Carolina property that served as the home of James Van Der Beek's titular "Dawson's Creek" character has officially changed hands—selling for the price of $2.73 million, just over six months after it hit the market. Located in Wilmington, NC, the picturesque four-bedroom, 3.5-bathro
Read More Bowery pays $66M for Hammocks apartments amid rise of non-institutional buyers

Bowery Properties bought an apartment complex for $65.5 million, as non-institutional investors gain ground in the South Florida multifamily market. Miami-based Bowery bought the 264-unit Cascades at the Hammocks at 10605 Hammocks Boulevard in the West Kendall neighborhood in unincorporated Miami-D
Read MoreWhy Purchasing New Construction Can Be a Smart Move for First-Time Homebuyers

Many first-time homebuyers might presume they're better off going used rather than new—in other words, purchasing a preexisting property rather than pricey new construction. While it's true that brand-new homes often come with a heftier price tag upfront, these properties can actually end up being a
Read MoreHomeowners Are Unknowingly Throwing Thousands of Dollars in the Trash While Spring Cleaning

As you spring clean your home, it may be tempting to just toss anything you no longer use or need. Doing so, however, can leave thousands of dollars on the table. “Every April and May, we get a flood of ‘I almost threw this out’ submissions. It’s heartbreaking when you hear what people thought was j
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Hollywood A-listers Hugh Jackman and Sutton Foster took a significant step forward in their romance on May 4, when they made their official Met Gala debut as a couple—mere weeks after the actor and his former spouse, Deborra-Lee Furness, got one step closer to severing their remaining ties by relist
Read More Boca Raton spec mansion asking $80M poised to shatter city price record

The top luxury contract in Palm Beach County this week is a waterfront spec mansion poised to shatter the Boca Raton single-family price record. Buyers signed 25 contracts between April 27 and May 3 for luxury properties in Palm Beach County, according to a report by Douglas Elliman’s Eklund-Gomes
Read MoreInside the Unexpected $2.5 Million Sale of a Secret Frank Gehry Masterpiece

The sale of the Sirmai-Peterson House was not supposed to happen this way. There was no splashy launch, no curated unveiling celebration, and no carefully timed market debut designed to stir competition among architecture collectors. In fact, the storied Frank Gehry-designed Los Angeles residence, w
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Gymnast Simone Biles put her money where her mouth is when she opted out of attending this year's Met Gala and spent a cozy night in at her custom mansion instead—days after she spoke out to decry the exorbitant cost of attending celebrity events. Biles, 29, has made two appearance on the Met Gala r
Read More The Childcare-Housing Double Whammy: Homebuyers are Choosing Between Daycare and Mortgages

The U.S. Department of Health and Human Services defines childcare as affordable if it costs 7% or less of a family's income. Yet, in every single state, the typical family far exceeds that threshold, qualifying them as “cost-burdened” by this essential service. The timing couldn’t be worse as 1 in
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Rishi Kapoor is a long way away from the days when he wore snazzy suits, drove around town in a McLaren, hosted soirees on his yacht and dazzled investors with his vision for developing luxury condos and co-living mixed-use projects across South Florida. Since his real estate development career imp
Read More New-Home Sales Surge in March as Prices Fall to a 5-Year Low

Sales of newly built homes saw a bump in February and March as prices fell to a five-year low, in a sign of resilience for the spring housing market. Contract signings for newly built homes hit a seasonally adjusted annual pace of 635,000 in March, up 7.4% from the prior month, the U.S. Census Burea
Read MoreHome Prices Are Still Rising in 71% of Markets Despite Slowdown in West

Home prices increased annually in 71% of U.S. metro markets last quarter, down slightly compared to the end of 2025, as the West continued to lag behind. Median sales prices for existing single-family homes rose year-over-year in 167 out of the 235 of the metros tracked by the National Association
Read MoreCondo, hotel, or condo-hotel? Singer Island Amrit resort under investigation

As legal challenges mount at the Amrit Ocean Resort on Singer Island, Riviera Beach’s police department is now investigating complaints from buyers that they were misled about their units’ eligibility for Florida’s homestead property tax exemption. Owners say they were led to believe they were buyin
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Comedian Ellen DeGeneres and her wife, Portia de Rossi, appear to have changed their minds about selling their expansive U.K. farmhouse—less than a year after listing the historic property for $30 million. DeGeneres, 68, and de Rossi, 53, initially purchased the rural abode, which is located in the
Read More The ‘Exit Tax’ That Can Make Vacant Homes Worth Holding

In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees. But the math has started to bend the other way in some markets, according to a new analysis. The study from Flock Homes
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Driven by skyrocketing housing and childcare costs, more and more families are pivoting to multigenerational living, particularly in high-priced California where "granny flats" and "in-law suites" have gone from niche additions to strategic features. Co-living arrangements come in all shapes and siz
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