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.
NewDay USA unveils VA loan option that removes closing costs

NewDay USA, a national mortgage lender that serves veterans, on Monday announced a new loan offering designed to help veterans and service members buy homes by addressing one of the biggest financial barriers — closing costs. The product, NewDay Home, allows qualifying borrowers with steady employme
Read MoreArchitect Chad Oppenheim finds buyer for waterfront Sunset Islands home

Architect Chad Oppenheim found a buyer for his waterfront Miami Beach home that’s asking nearly $27 million. The deal is one of 10 contracts signed in Miami-Dade County between Oct. 27 and Nov. 2, according to the latest Eklund-Gomes report, which tracks listings of homes and condos asking $4 milli
Read MoreInside Jennifer Coolidge’s ‘Haunted’ New Orleans Mansion Where She Hosts Iconic Halloween Party

Jennifer Coolidge is best known for her comedic turns on screen—but there was nothing funny about the extraordinary lengths she went to to transform her historic New Orleans mansion into a spooky oasis, where she hosted a group of lucky guests for a spectacular Halloween soiree. The 64-year-old "Leg
Read MoreHow HOA Leasing Requests Can Block Homeowners From Renting Out Their Own Property

Leasing out your property can be a great way to earn some extra cash, especially in today’s day and age with inflation through the roof. However, if you live in a condo, townhome, or other property with a homeowners association, leasing out isn’t as simple as finding a tenant. As you might expect,
Read MoreAmericans Flock to Dubai’s Branded Residences, Lured by Luxury Living and the Golden Visa

The lure of luxury is stretching beyond the borders of the United States as more and more Americans are looking abroad for upscale real estate investments—and its driving developers to tap into the market. As the saying goes, “Build it, and they will come.” This has proven to be the case in Dubai, w
Read MoreWhy is consistency the key to real estate success?

As you well know, there are so many classes on how to succeed in real estate — how to make the perfect phone call, how to master self-promo and marketing, how to door-knock without being awkward, how to write killer scripts, negotiate better offers or dominate social media. All of those are fine and
Read MoreWhat makes personal PR a game-changer for real estate agents?

For decades, real estate marketing revolved around the property—glossy images taken by professional photographers became the norm, followed by videography and aerial drone images, 3-D tours and compelling storytelling. While these remain essential to effective property marketing, the agent’s persona
Read MoreWhat Assistance Are Banks Offering for Federal Workers During the Shutdown?

On Oct. 24, more than 1.4 million federal workers opened their bank accounts to a harsh reality. It was their first full missed paycheck of the shutdown. And now, as the shutdown drags into its 34th day with no end in sight, uncertainty over when their next paycheck will arrive is growing more dire
Read MoreSun West files new lawsuit against FNB over reverse mortgage repurchases

Sun West Mortgage Co. (SWM) has filed a lawsuit against First National Bank of Pennsylvania (FNB) for failing to repurchase two reverse mortgages worth more than $850,000 from Fannie Mae, alleging a breach of a 2017 settlement agreement. The case involves reverse mortgages transferred from a bank a
Read MoreNEXA expands lawsuit against former employee, adds defendants

NEXA Lending is continuing its legal battle against former employee Kristine Wake and has expanded its lawsuit, alleging that Wake and others misappropriated trade secrets, violated contracts and attempted to recruit NEXA employees to a competitor. The original suit, filed in May 2025 in the U.S. Di
Read MoreYtech scores $565M construction loan for 1428 Brickell condo tower

Yamal Yidios’ Ytech secured $565 million in financing for the firm’s 70-story luxury condo tower that’s under construction in Miami’s Brickell. The construction loan marks one of the largest to close in South Florida this year. J.P. Morgan is the senior lender, and Sculptor Real Estate is the junio
Read More'Useless' and 'hopeless': Ryanair CEO slams UK government over travel tax

Ryanair CEO Michael O'Leary on Monday lambasted the U.K. government over its push to raise travel taxes.
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Barstool Sports founder Dave Portnoy has threatened to move the company's headquarters out of New York City if Democratic socialist Zohran Mamdani claims victory in the mayoral election on Nov. 4. Portnoy, 48, who has an estimated net worth of around $250 million, founded Barstool Sports in 2003 in
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ScandyCandy, La Coqueta | Palm Beach The Royal Poinciana Plaza in Palm Beach scored two new tenants. Swedish candy store ScandyCandy opened on Saturday, and British childrenswear boutique La Coqueta opened last month at The Current, a retail hub at The Royal Poinciana Plaza, according to the landl
Read More Movers & Shakers: Better Homes & Gardens buys 80-agent firm in Broward

In the latest roundup of South Florida real estate hiring news, brokerages are adding agent headcount in key markets. Better Homes & Gardens Real Estate bought Castelli Real Estate Services, an 80-agent firm in Broward County, bringing its total headcount in the area to 250 agents, according to Cas
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A skinny building here, a boldly painted property there—unique design choices are nothing new in the housing market. Yet lying behind a handful of the country's most distinctive dwellings are twisted tales of revenge that have become the stuff of legend. These "spite houses," which can be found in s
Read More On eve of election day, considering what new administrations in NYC, Miami mean for real estate

November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls. In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdan
Read MoreKnives out: Developers clash over West Palm Beach condo buyouts

In the gold rush that is real estate development in West Palm Beach, nothing is more valuable than the dirt on waterfront Flagler Drive. But there is no vacant land left for sale. Aging condos inhabit the remaining development sites, their boards controlled by unit owners with differing opinions on
Read MoreLincoln Road landlords and brokers stage a comeback

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $1
Read MoreTime is running out for South Florida developers to cash in on EB-5

South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires. The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10
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