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.
Miami-Dade cracks down on 800-plus restaurants that failed to collect 1% sales tax

Denise Yaniz, owner of Kendall restaurant Sushi2Mee, experienced a seismic jolt to her business six months ago. On top of tacking Florida’s 7 percent sales tax onto customers’ bills, Yaniz found out that she’s also supposed to be charging an additional 1 percent county sales tax that funds homeless
Read MoreBridge Industrial scores $78M refi for warehouse complex near Miami-Opa locka Executive Airport

Bridge Industrial scored a $77.6 million refinancing for its warehouse complex near the Miami-Opa locka Executive Airport. State Farm Life Insurance Company provided the loan for the three-building industrial development that’s on the northeast corner of Northwest 57th Avenue/Red Road and Northwest
Read MoreRedwood Dev Co drops $80M on Lennar townhomes

David Burstyn and Brian Sidman’s Redwood Dev Co bought 223 newly built townhomes in two projects for $80 million. Miami Beach-based Redwood bought the 174-unit Mariner’s Cove and 49-unit Lime Grove townhome developments from Lennar, one of the nation’s largest homebuilders, according to a press rele
Read MorePalm Beach County weekly condo sales surge to $63M

Palm Beach County’s condo sales and dollar volume rose in the last week of May. Brokers closed 129 condo sales totaling $62.6 million from May 23 to May 31. The previous week, brokers closed 85 condo sales totaling $48.5 million. Last week’s units sold for an average of $485,614, lower than the $5
Read MoreMiami-Dade’s taxable property values reach $512B, as growth slows

Taxable property values in Miami-Dade County keep growing, but momentum is easing — and condos are dragging down the market, according to the property appraiser’s latest estimates for 2025. The estimated taxable value for real estate countywide reached $511.8 billion, an increase of 8.5 percent, ye
Read MoreBarry Sternlicht’s Starwood sells West Palm retail center for $133M

Barry Sternlicht’s Starwood Capital Group sold a Whole Foods-anchored shopping center in West Palm Beach for $133.2 million. An affiliate of Atlanta-based Invesco purchased The Marketplace at the Outlets at 1821 Palm Beach Lakes Boulevard in West Palm Beach, records and real estate database Vizzda s
Read MoreAlaska Airlines to make Europe debut with Rome flights next year

Alaska Airlines is planning to offer flights to Rome.
Read MoreMortgage rates aren’t hampering millennials’ homebuying interest

Millennials are the only generation showing increased interest in buying a home in the next six months, according to a new survey by Realtor.com.The survey, conducted this spring, found that 23% of millennials plan to buy a home, up from 15% in September 2024. By contrast, 69% of Americans across al
Read MoreMat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds

Mat Ishbia, the president and CEO of United Wholesale Mortgage (UWM), said last week he doesn’t think that releasing Fannie Mae and Freddie Mac from conservatorship is a major focus for the Trump administration — and he isn’t sure “whether it should be.” One thing he is confident about: If ending th
Read MoreTop Florida real estate team joins Compass

The Tinka Ellington Group — a prominent real estate team specializing in coastal and waterfront properties in South Florida — has joined Compass.Led by Ellington, the group has closed more than $254 million in sales and brings 25-plus years of combined real estate experience. The seven-member team s
Read MoreThe proprietary reverse mortgage landscape is getting crowded

The broader mortgage industry and the reverse mortgage subset have worked through a period of elevated interest rates for longer than anyone may have been expecting. Following a post-pandemic boom in volume fueled by Home Equity Conversion Mortgage (HECM) refinances, higher rates have served to rest
Read MoreHow important is public transit for aging in place?

As the preference to age in place continues to dominate among those planning out their later lives, people actually living with the preference may find they need to make adjustments to certain parts of their routines to accommodate costs, access services and maintain social relationships.One key too
Read MoreOnyx Tower in Hallandale Beach trades for $52M, buyer scores $77M loan

A 28-story office tower in Hallandale Beach traded for $52.2 million, and the buyer landed a $77.2 million loan. Aventura-based Inmobiliaria Brom, through its affiliate Optima International North, sold the 285,400-square-foot Onyx Tower at 1010 South Federal Highway to an entity that also ties to I
Read MoreThis NYC mayoral candidate wants to make property taxes a core election issue

The mayoral campaign in New York City is in full swing, and candidates are aiming to inject their campaigns with hot-button topics that could resonate with voters in a closely watched election. To that end, an independent candidate is training his eye on the issue of property taxes, a sensitive one
Read MoreZach Vella-led partnership could lose Wynwood buildings to foreclosure

Four Wynwood commercial buildings owned by a Zach Vella-led partnership are facing foreclosure less than a year after they were purchased. On May 21, an affiliate of Seattle-based Fairview Asset Management sued an entity managed by Vella, Tosh Berman in Aspen, Colorado, and Michael Tanha in Las Veg
Read MoreGinger Wilcox’s leadership formula at BHGRE: trust, adaptability, growth

Before she ever stepped into the role of president at Better Homes and Gardens Real Estate, Ginger Wilcox had lived nearly every side of the real estate business. She previously worked as an agent, learning the intense demands of serving clients through one of life’s biggest financial decisions. She
Read MoreDeveloper sues Denver over requirement to pay into affordable housing fund

As many local governments continue to face challenges in bolstering their housing stock, one developer is taking action against Denver over a requirement to pay into the city’s dedicated affordable housing fund.The company, redT Homes, states that it’s the Denver area’s “only residential real estate
Read MoreAmericans tapped $25B in home equity in Q1. That hasn’t happened since 2008

U.S. homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 — the largest volume for this period in 17 years, according to the ICE Mortgage Technology‘s newest Mortgage Monitor report. That marks a 22% increase compared to the same quarter
Read MoreFrench retail mogul finds buyer for waterfront Venetian Islands home

French commercial real estate investor Nicolas Chambon is bidding adieu to his waterfront Miami Beach home, asking $29.5 million. Chambon’s pending sale topped last week’s Eklund-Gomes report. Buyers signed 22 contracts for luxury properties in Miami-Dade County between May 26 and June 1, accordin
Read MoreTop Connecticut team returns to Coldwell Banker Realty

Coldwell Banker Realty is welcoming another top-producing team. The Anywhere–owned brokerage announced Monday that the Fowler Sakey Team is making the move from William Raveis to Coldwell Banker.The Connecticut-based team will be joining the Fairfield Coldwell Banker Realty office. “We are thrilled
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