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.
Tabani unveiled as buyer of Rivani’s Wynwood Jungle for $26M

Tabani Group, a Dallas-based investment firm, is the buyer that dropped $25.7 million for the Wynwood Jungle, a Miami retail complex that’s entangled with tenant lawsuits. Robert Rivani, through two affiliates, sold the nearly 39,000-square-foot plaza at 43-75 Northwest 23rd Street last month, whic
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Tennis sensation Coco Gauff's history-making run at Wimbledon came to an end after she was defeated in the semifinal round by Czech player Karolína Muchová in a nail-biting tiebreaker. When Gauff, 22, secured her spot in the penultimate round of the tournament—by defeating her countrywoman Jessica P
Read More Bright MLS speaks on rule updates aimed at flexibility, seller privacy

Bright MLS is set to implement a series of rule updates later this summer designed to give agents more options and sellers greater control over property data. Changes also establish new protections around the use of listing information in artificial intelligence (AI) applications. Other moves includ
Read MoreAlbuquerque, NM, Has a Significant Shortage of Homes for Middle-Income Earners

Finding an affordable home can feel increasingly out of reach for many prospective buyers, especially those in the middle-income bracket. While the housing market is showing signs of improvement, the reality for many is a persistent struggle to find properties that align with their budgets. A recent
Read MoreHousing groups push FHFA to delay, revise GSE condo loan changes

Three housing organizations sent a letter this week to leaders at Fannie Mae, Freddie Mac and their regulator, the Federal Housing Finance Agency (FHFA), regarding pending changes to condominium lending rules through the government-sponsored enterprises (GSEs). On July 8, the Community Home Lenders
Read MoreWhere to Celebrate National Ice Cream Sandwich Day

Savor ice cream sandwiches across Naples in honor of National Ice Cream Sandwich Day August 2. Photo courtesy of iStock Just when summer’s relentless heat is wilting our spirits, along comes National Ice Cream Sandwich Day. On August 2, lovers of the luscious eat-your-ice-cream-and-cookie-too can ce
Read MoreBrazilian soccer legend Kaká buys Bal Harbour condo

Kaká, one of the greatest soccer players of his era, planted a flag in Bal Harbour. Ricardo Izecson dos Santos Leite, known by his nickname, paid $8.7 million for a condo on the 14th floor of Oceana Bal Harbour, at 10203 Collins Avenue, property records show. Kaká bought the 3,350-square-foot, thre
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Justin Baldoni and his wife, Emily, have spoken out for the first time after settling their legal battle with Blake Lively—months after ditching California for Tennessee. Baldoni, 42, and his spouse took to Instagram to speak out about the "trauma" they suffered as a result of the lengthy legal tuss
Read More Don’t Let Repair Costs of a Lightning-Struck Tree Electrocute Your Wallet

After lightning strikes a tree in your yard, your initial concern may be whether it can be saved. However, the damage of this situation often goes beyond what you can see above ground. Electrical and underground damage can occur through uprooted tree systems damaging underground wires, irrigation sy
Read MoreMortgage Rates Jump Back Up as Iran Peace Deal Unravels, Hitting Homebuyers

Mortgage rates saw a meaningful increase Thursday as a fragile U.S.-Iran peace deal disintegrated amid a hail of mutual airstrikes, driving up oil prices and long-term borrowing costs. The average rate on 30-year fixed home loans rose to 6.49% for the week ending July 9, up 6 basis points from 6.43%
Read MoreVenture capital investor buys Palm Island teardown next door for $40M

Venture capital investor Ben Ling and his husband, Hedge Labs co-founder Chris Coudron, bought the waterfront teardown next to their Palm Island mansion for $40 million. The couple bought homebuilder Pedro Adrian and his wife Adria Adrian’s home at 145 and 149 Palm Avenue, which was on the market f
Read MoreHomes Sales Dip in June as Prices Reaches All-Time High, Squeezing Buyers

Sales of existing homes dropped in June after rallying in May as would-be buyers pulled back due to affordability concerns while the median sales price surged to a record high. Existing-home sales fell 2.4% month over month but rose 2.8% year over year to a seasonally adjusted annual rate of 4.09 mi
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Actor Alec Baldwin and his wife, Hilaria Baldwin, have once again pulled their longtime Hamptons property off the market—just weeks after trimming $1 million off its asking price and revealing they would be spending the summer in Spain. The Baldwins have spent years trying to offload their sprawling
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🏆 New Building: The largest permit issued was a $193 million new construction permit for 1822 Northwest 37th Avenue in Miami, tied to the redevelopment of Miami Freedom Park near the Miami International Airport, which will include more than 1 million square feet of retail, dining, entertainment and
Read More South Florida’s top deals: Miami medical facility trades for $32M

🏆 Residential: The top residential sale recorded in South Florida was in Palm Beach where a home at 239 Emerald Lane sold for $25 million. Buck House Limited was the seller. Mac Cummings, co-founder of Terakeet, was the buyer. The 7,200 square foot home has six bedrooms and nine and a half bathroom
Read MoreMore Than 10% of All Homes Sit Vacant, but Only a Tiny Fraction Are for Sale

Amid a deepening housing affordability crisis, roughly 1 in 10 homes in the country is sitting vacant, concludes a new report. Around 14.5 million houses are empty, according to a new analysis of U.S. Census Bureau data compiled by personal finance site LendingTree. However, only a shockingly low nu
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The stars of TLC’s “Jay & Pamela,” who both have a rare brittle bone disorder that leaves them unable to walk or stand, are rolling out the welcome mat at their modified Atlanta apartment where they’re finally able to live independently. Shortly after meeting online in 2019, Jay Manuel, 30, and Pame
Read More How top-performing real estate agents win AI recommendations

Homebuyers and sellers are beginning to treat ChatGPT and other large language models (LLMs) like a genie in a bottle. They often trust AI recommendations implicitly because the suggestions are the result of personalized, deep-diving research and an authoritative verification process. The phenomenon
Read MoreThe $32 Beazer bid is in, now the fight is over standstill terms

A little more than a month into a hostile homebuilder takeover saga that has not quite reached midsummer, Dream Finders Homes’ pursuit of Beazer Homes is beginning to resemble a Shakespearean tale of unrequited love. The ardent suitor has returned again. And again. The latest offering is richer: $32
Read MoreNYC office conversions face scrutiny after Pfizer HQ incident

Buckling columns at the former Pfizer headquarters this week forced evacuations across seven Midtown East blocks. The incident raises new questions about office-to-residential conversion, one of several tools the city has used to add housing. It is also a tool Mayor Zohran Mamdani leaned into becaus
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