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 winner of a $1.76 billion Powerball jackpot is seeing his former California home up for sale just three months after he gifted the property to a not-for-profit. Theodorus Struyck bought his Frazier Park home back in 2010. He owned the property until December 2025, when he gifted it to the Triump
Read More California Senator Aims To Ban ‘Predatory’ Investors From Buying Lots After Disasters

Sen. Adam Schiff is putting forth a measure to ban investors from buying lots after natural disasters. Under a new bill the California Democrat introduced Monday, institutional investors would be barred from making an offer on lots, parcels, or homes in a federally declared disaster area for six mon
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Pop star Pink has laid bare her 14-year-old daughter Willow's dreams of being a Broadway performer—revealing that she moved her entire family to New York so the teenager could be one step closer to that goal. The singer is currently guest-hosting fellow songstress Kelly Clarkson's talk show from its
Read More Historic oceanfront Palm Beach home sells at big discount for $28M

A historic oceanfront home in Palm Beach sold at a discount for $28 million, The Real Deal has learned. The estate of Patricia Ann Kahn sold the house at 480 South Ocean Boulevard at a $10.7 million discount after a year on the market, a source confirmed. The deal has yet to appear in public records
Read MoreTech investor, German royalty find buyers for oceanfront Palm Beach homes

The oceanfront Palm Beach estates of a telecommunications investor and a late German prince led pending deals in Palm Beach County last week. Buyers signed 35 contracts between Feb. 23 and Mar. 1 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes
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Volunteers have been seen scanning the area outside of Nancy Guthrie's Arizona home with metal detectors in a bid to find any items that may have been dropped when the 84-year-old was abducted from the property on Feb. 1. As the search for "Today" host Savannah Guthrie's mother stretched into its se
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Mortgage applications increased for a third straight week—11% from the week prior, according to the Mortgage Bankers Association for the week ending Feb. 27. New home loans and refinancing contributed to the increase. The Market Composite Index, a measure of mortgage loan application volume, increas
Read More South Florida’s top deals: Related Ross purchased The Ben Hotel for $109M

🏆 Residential: The priciest home sale recorded was in Coral Gables, where a home at 6960 Sunrise Drive changed hands for $8.8 million. The sellers were Luis and Elena Bermudez, and the buyer was an LLC managed by Sebnem Sarraf. The four-bedroom home has two and a half bathrooms and spans 2,700 squa
Read MoreThe 5 Strongest States Leading the ‘Two-Speed’ Housing Market

As home shoppers head into the spring buying season, where they live will dictate the median home prices they'll see. A recent report by real estate analytics firm Cotality identifies two opposite ends of the spectrum. “The current data reveals a 'two-speed' housing market,” Cotality chief economist
Read MoreThe Most Expensive Homes Ever Sold in the U.S. Revealed

When billionaire Mark Zuckerberg bought a new $170 million megamansion on Miami's infamous Indian Creek Island earlier this month, the purchase was hailed as being the most expensive residential real estate transaction to ever take place in Miami-Dade County. However, while the 41-year-old Meta foun
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Actor Ewan McGregor's ex-wife, Eve Mavrakis, has put their former marital mansion in Los Angeles on the rental market for $55,000 a month, five years after she was awarded the $6 million property in their bitter divorce. "Moulin Rouge" star McGregor, 54, and production designer Mavrakis, 59, purchas
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Hollywood star Josh Duhamel has shed some light on why he and superstar Fergie divorced in 2019, admitting that their split was mostly due to their different outlooks on life. The "Life as We Know It" actor, 53, who was married to the “Fergalicious” singer from 2009 to 2019, candidly opened up about
Read More Inside the Rebuilt Altadena Community Welcoming Back Homeowners a Year After the Eaton Fire

More than a year after the deadly Eaton fire scorched through Altadena, CA, the first homeowners are getting ready to move into a new residential community as the area continues to recover from the devastation. Construction on The Oak Grove of Altadena, a 16-home subdivision located on the north sid
Read MoreMayfair in the Grove lands $114M refi as South Florida lending flows

The Mayfair in the Grove mixed-use complex in Miami scored a $113.6 million refinancing, as South Florida lending keeps flowing amid higher interest rates. Guggenheim Partners Investment Management provided the debt, which refinanced an outstanding balance of $72.4 million on a 2022 loan for $76.7
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A Beverly Hills woman who proclaimed herself the "queen of real estate" has been charged with filing dozens of fraudulent multimillion dollar liens against homeowners throughout Los Angeles County. Rita Cedeno Ortiz, 58, was arrested Feb. 26 and hit with 25 counts of aggravated felony forgery, accor
Read More Engel & Volkers: Next generation of luxury homebuyers ready to make their mark

Engel & Völkers has released a new report examining how high-earning young adults are influencing the luxury housing market in North America. The report, titled “The New HENRYs: How the Next Generation Is Shaping Luxury Real Estate,” analyzes homeownership and purchasing behavior among individuals c
Read MoreBaird & Warner launches AI social media assistant

Baird & Warner has launched a customized social media marketing assistant for its agents through an exclusive agreement with Rejig.AI in the Chicagoland market. The artificial intelligence (AI)-powered platform was rolled out companywide on Tuesday under a one-year exclusive agreement, according to
Read MoreHere’s what will actually move the needle on housing affordability

Housing affordability continues to dominate the headlines, but most proposed “solutions” rely on assumptions that are either unlikely or insufficient on their own. Falling interest rates, off-site construction, government subsidies and value engineering all play a role. None of them – individually o
Read More8,000 Historic Boston Buildings at Risk of Rotting Foundations: ‘Houses Are Built on Tree Trunks’

There's a hidden concern lurking beneath some of Boston’s priciest properties. Thousands of homes and buildings face structural risk as underground timber pilings deteriorate due to falling groundwater levels. Approximately 8,000 buildings built on filled land between the mid-1800s and early 1900s i
Read MorePortland tests PadSplit model to ease inventory, affordability crunch

The City of Portland, Oregon, has tapped PadSplit as a Qualified Home Sharing Provider for its new Home Sharing Pilot Program — marking the first time a municipality has formally partnered with the company and attached direct financial incentives to participation. Launched by the Portland Housing Bu
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