SOUTH FLORIDA NEWS - July, 2024

South Florida Mansion Hits the Market for $47.9 Million—And It's Not in Palm Beach

In the vibrant real estate landscape of South Florida, a new listing has emerged that is turning heads and setting records. A stunning mansion has been put up for sale in Fort Lauderdale with a jaw-dropping price tag of $47.9 million. While Palm Beach often steals the spotlight for high-end properties, this luxurious residence in Fort Lauderdale is proving that the city is also a prime destination for affluent buyers.

A Grand Estate in Fort Lauderdale

Listed by Rick Teed and Daniel Tzinker of The Agency Miami, this modern architectural marvel spans over 11,800 square feet, offering an expansive living experience with a blend of contemporary design and high-end features. The mansion is a testament to luxury living, boasting five spacious…

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Toll Brothers Unveils Meravita: The New Pinnacle of Luxury Living in Boca Raton

Toll Brothers, Inc.  has unveiled plans for its latest community, Meravita at Boca Raton, set to debut soon in Boca Raton, Florida. This exclusive, gated neighborhood will feature a range of single-family homes designed for expansive living on generous lots. The interest list for this exciting new community is now open, with the development located at the intersection of US Highway 441 and Clint Moore Road.

Introducing Meravita at Boca Raton

Meravita at Boca Raton will present large, elegantly designed single-family home sites in a secure, private setting. Prospective homeowners can choose from luxury single- and two-story home plans ranging from 3,291 to over 5,406 square feet. These homes offer flexible floor plans with 4 to 5 bedrooms, 4.5 to…

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South Florida Industrial Real Estate Roars: Rents Surge and Big Deals Dominate

In the second quarter, warehouse landlords across South Florida maintained a strong position as median asking rents soared, particularly in Miami-Dade and Broward counties. According to a recent report from JLL, Miami-Dade saw a 9% increase, while Broward experienced a notable 17% rise compared to the same period last year. Meanwhile, Palm Beach County's rents remained relatively steady.

The tight market conditions were underscored by vacancy rates below 4% across all three counties, indicating robust demand that swiftly absorbs newly available industrial spaces.

Palm Beach County Overview

Palm Beach County saw a modest increase in median asking rents to $14.70 per square foot, up from $14.07 last year. The vacancy rate edged up to 3.9% from…

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The Ultimate Guide: August Events in The Palm Beaches You Must Explore

August is bursting with exciting events and activities in Palm Beach County, FL. Whether you're into art, music, food, or family fun, there's something for everyone this month. Dive into our roundup of top events for August 2024!

Celebrate National Golf Month

August is National Golf Month, and The Palm Beaches offer plenty of ways to enjoy the game. Explore our top public courses and private clubs to make the most of this special month. Check out our golf itinerary to plan your perfect golf getaway!

First Friday Art Walk, Delray Beach

When: August 2, 6:00 pm – 9:00 pm
Stroll through Downtown Delray Beach’s art scene during the First Friday Art Walk. Visit galleries, studios, and the Cornell Art Museum at Old School Square, all while…

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Tech Titan John Sculley's Palm Beach Estate Set for Spectacular Expansion

John Sculley, renowned as the former CEO of Apple Inc., is set to embark on an ambitious expansion of his Palm Beach estate located at 1214 North Ocean Boulevard. The tech mogul, known for his visionary leadership in the technology sector, is proposing substantial enhancements to his already prestigious property, which will undergo a comprehensive transformation under the scrutiny of the Palm Beach Architectural Commission.

What will this entail?

Scheduled for review at an upcoming meeting, Sculley's plans include not only the expansion of the main residence but also the addition of a new guest house, alongside the installation of a new pool and extensive landscaping. Spearheading the architectural redesign is Michael Perry's MP Design &…

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Riviera Beach Renaissance: Discover The Bold Proposal for a Mixed-Use Development

Related Group, BH Group, and Tezral Partners have jointly proposed an ambitious mixed-use multifamily development in Riviera Beach, marking a significant addition to the area's skyline and residential offerings. The project, located at 1300 Broadway just north of West Palm Beach, aims to redefine urban living with two striking 20-story towers comprising a total of 418 apartments.

According to preliminary plans submitted recently, the development seeks an exception for a mixed-use designation within the Inlet Harbor Center zoning district, highlighting its integration into the broader urban fabric of Riviera Beach.

About the development

Situated on a 2.5-acre parcel owned by the city's Community Redevelopment Agency, the Riviera Beach Marina…

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Waterfront Wealth: Boca Raton Mansion Sells for $28.5 Million Amid Luxury Market Surge

In the wake of a bustling season in Boca Raton’s most exclusive enclave, yet another lavish waterfront mansion in the Royal Palm Yacht & Country Club has changed hands for $28.5 million.

Public records indicate that the property at 360 East Alexander Palm Road was sold by the 360 East Alexander Palm Road Trust, overseen by local attorney Jay M. Sakalo, to another trust linked to the address and managed by Coral Springs-based attorney Larry Rothenberg. The identities of the ultimate buyer and seller remain undisclosed.

According to records, the selling entity had acquired the half-acre plot for $10.5 million in 2022. The trust subsequently enlisted SRD Building, led by brothers Steve and Scott Dingle, to demolish the existing residence and…

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Unlock Endless Fun: Florida Residents Get Unlimited Theme Park Access at Universal Orlando

Universal Orlando Resort has unveiled an exciting exclusive ticket deal specifically designed for Florida residents. This new offer provides the ultimate opportunity for locals to indulge in the thrill and magic of two iconic theme parks: Universal Studios Florida and Universal Islands of Adventure.

Key benefits of this exclusive ticket deal include:

• Unlimited Access: Enjoy unlimited visits to both parks, encouraging spontaneous day trips and longer adventures.
• Extended Validity: The ticket is valid now through December 18, 2024, allowing ample time to explore attractions at your leisure.
• Seasonal Events: Experience special events such as Christmas in The Wizarding World of Harry Potter, enhancing your visit with unique holiday…

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5 Activities You Cannot Miss Out On in Boca Raton

Boca Raton, nestled on Florida's southeastern coast, is renowned for its upscale amenities, pristine beaches, and vibrant cultural scene. Whether you're a local resident or visiting for the weekend, there's always something exciting to do in this dynamic city. From outdoor adventures to cultural explorations, here are five fantastic activities to make the most of your weekend in Boca Raton.

1. Relax and Rejuvenate at South Beach Park

Kick off your weekend with a visit to South Beach Park, one of Boca Raton's most picturesque spots. Located along A1A and spanning 50 acres of pristine coastline, South Beach Park offers visitors a serene escape with its white sandy beaches and clear blue waters. Whether you prefer soaking up the sun, taking a…

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From Tokyo to Boca: What To Know About New Restaurant Opening This Fall

In the vibrant culinary scene of Palm Beach County, a new and exciting dining experience is about to take center stage. Prepare your taste buds for a fusion of traditional Japanese flavors and innovative culinary techniques as star chefs Takashi Yagihashi and Jonathan Fox bring their acclaimed restaurant concept, Kasumi, from Tokyo to Boca Raton.

Imagine a dining experience that transports you to the heart of Japan, where every dish is a work of art meticulously crafted to tantalize your senses. At Kasumi, this is the reality that awaits you. From the moment you step foot into the restaurant, you'll be immersed in a world of culinary excellence where tradition meets innovation.

In this article, we will delve deeper into the remarkable journey of…

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