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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Facebook billionaire Mark Zuckerberg has reportedly snapped up an extraordinary waterfront mansion on Miami's infamous Billionaire Bunker—seemingly becoming the latest tech tycoon to flee California before a proposed wealth tax is implemented on the state's wealthiest residents. Zuckerberg, 41, and
Read More Ascendra, BAM land $60M construction loan for Miami condo project

A pair of developers scored a $60 million loan to build a condo building in Miami, as construction financing flows for South Florida residential projects amid higher interest rates. Ascendra Capital and BAM Development scored the loan for their planned eight-story, 117-unit Seventeen Gables Condomi
Read MoreTrump’s pick for FTC commissioner drops $68M on third Manalapan estate

David MacNeil, the founder of WeatherTech, dropped $68.3 million on a third oceanfront estate in Manalapan. It brings his total spend on property in the small coastal enclave to $162.3 million. Records show MacNeil bought the mansion at 1940 South Ocean Boulevard from Frank and Dolores Mennella. Phi
Read MoreSouth Florida’s top deals: Oceanfront mansion sells after $16M+ price cut

🏆 Residential: Manalapan had the top residential deal recorded in South Florida. A trust tied to David MacNeil, founder of WeatherTech, dropped $68.3 million on an oceanfront mansion at 1940 South Ocean Boulevard. The sellers were Frank and Dolores Mennella; Frank Mennella is a retired automotive w
Read MoreAmerica Slowly Tilts Toward a Buyer’s Market as Listings Pile Up in More Metros

Home shoppers closed out the year on strong footing in Sun Belt metros that moved deeper into buyer’s market territory, with surging inventory, longer listing times, and greater price flexibility from sellers—as more cities tipped into buyer-friendly conditions. Researchers at Realtor.com® analyzed
Read MoreOlder Homeowners Lose Thousands When Selling Their Homes—Here’s How To Protect Yourself

For most Americans, a home represents their single largest asset, the foundation of retirement security, and potential inheritance for the next generation. After decades of mortgage payments and upkeep, older homeowners naturally expect to cash in when they sell their home. In fact, their twilight y
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Former Tampa Bay Buccaneers quarterback Chris Simms has put his 300-year-old, ranch-style Connecticut dwelling on the market for $8 million as he prepares to pass off the historic residence to a new owner. The 45-year-old—who retired from the NFL in 2010 following a spleen injury—and his wife, Danie
Read More House Passes Major Housing Bill Aimed at Home Affordability and To Speed Up Construction

The House passed a major bipartisan housing reform bill Monday evening, setting the stage for significant updates to the nation's housing laws. The Housing for the 21st Century Act passed by a vote of 390-9 on the full House floor. The bill—a rare bipartisan effort—contains a range of provisions aim
Read MoreMark Zuckerberg, Priscilla Chan follow ultra-wealthy flight to Florida

It looks like Mark Zuckerberg and Priscilla Chan are joining billionaire tech power couple Jeff Bezos and Lauren Sanchez on Indian Creek Island. The Meta CEO and his wife are in contract to buy 2 Indian Creek Island Road from Peter Cancro, the founder of Jersey Mike’s Subs, the Wall Street Journal r
Read MorePost Malone’s Quaint Childhood Home Hits the Market in Texas for Under $550K

Musician Post Malone's "famous" childhood home in Texas has hit the market for $549,000—over a decade after he traded the Lone Star State for California amid his stratospheric rise to stardom. While the 30-year-old rapper and singer—whose real name is Austin Richard Post—has long since made a name f
Read MoreSan Diego Teens Target Vacant Homes for Sale for Illegal Parties—and They’re Charging a Cover

Teenagers have been throwing illegal parties in vacant houses in San Diego County, CA. A new investigation by NBC7 discovered that at least six of these bashes were held inside local homes listed for sale or rent since August, and that five happened within the span of 32 days. Many of these homes—in
Read MoreRate partners with Alianza to expand bilingual mortgage education

Rate and Alianza have entered a multi-year collaboration that names Rate the official mortgage lending partner of Alianza, a grassroots soccer platform serving Latino communities across the United States. The agreement follows a pilot partnership in 2025 and will run through the 2026 and 2027 season
Read MoreMap: Tracking Penn-Florida’s woes as its Mandarin Oriental condo takes shape

As two long-delayed high-profile projects head to the finish line in Boca Raton, details of the financial and legal problems that slowed their development are coming to light. Mark Gensheimer’s Penn-Florida unveiled ambitious plans for Boca Raton a decade ago. The firm, already an office owner in t
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Frigid temperatures may be gripping Manhattan, but the luxury real estate market is anything but frozen. Trophy properties—valued at $10 million and above—led the wave of luxury contracts signed. In total, 36 properties went under contract for the week ending Feb. 8, with 13 being trophy properties,
Read More Stranded condo buyer objects to receiver’s move in Rishi Kapoor’s aftermath

More than four years after putting a $3 million deposit on an unfinished penthouse in disgraced developer Rishi Kapoor’s first luxury condominium project, a stranded condo buyer is still fighting to recoup its funds. The condo buyer, Mironrest CG, objected to court-appointed receiver Bernice Lee see
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Gymnast Simone Biles and her husband, Jonathan Owens, have officially quit their home in Chicago and moved back to their lakefront mansion in Texas—after the NFL athlete's contract with the Bears ended with the conclusion of the team's 2025 season. Biles, 28, and Owens, 30, have spent the past year
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"Schitt's Creek" star Catherine O'Hara's cause of death has been revealed, less than two weeks after the actress died at home in Los Angeles. She was 71. O'Hara, who shot to fame while starring in the Tim Burton movie "Beetlejuice," died of a pulmonary embolism, according to a death certificate rele
Read More Homebuilders Call Price Fixing Claims Baseless as DOJ ‘Considers Launching Antitrust Probe’

Top groups representing homebuilders have responded to a report that the Trump administration is considering an antitrust probe into the industry, saying any allegations of price fixing are baseless. The Department of Justice is considering launching an antitrust probe into homebuilders in the comin
Read MoreBarrier to entry: builders’ first challenge is to work through a glut

For builders, particularly in the Sun Belt, the challenge from the get-go in 2026 will be to work through surplus entry-level inventory. As monthly-payment affordability pressures from high mortgage rates and home prices plague first-time buyers, solving this supply imbalance will only occur gradual
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"Today" anchor Savannah Guthrie has issued a desperate plea to the public for help in finding her missing mother, Nancy, describing the 84-year-old's disappearance as a "nightmare" and admitting that they are in an "hour of desperation" as a reported ransom deadline for the grandmother looms. In a n
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