SOUTH FLORIDA NEWS - March, 2026

Why Someone Paid $18M for an Unfinished Palm Beach Mansion

A Dunbar Road mansion sold for $18.16 million with no interior finishes. The buyer skips the permit process, controls every design choice, and could exit with nearly $30 million.

Key Takeaways

• The home sold for $18.16 million while still under construction with no interior finishes.
• It traded for $14.34 million just one year ago, a 26.6% appreciation through structure alone.
• New construction in Palm Beach's North End is now trading at $4,500 to $5,000 per square foot.

The 264 Dunbar Trust sold the property at 264 Dunbar Road to a new buyer trust for $18.16 million. The home is in the middle of construction, and the buyer will be responsible for completing the interior buildout. When finished, it will total 5,993 square feet with six…

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Fort Lauderdale Office Park Rezoned for 310 Apartments

Feldman Equities and Greystar are converting a 13-acre Cypress Creek office campus into a mixed-use development next to Tri-Rail. The two 1980s office buildings stay, with five new residential buildings to be added.

Key Takeaways

• The Planning and Zoning Board reviewed the rezoning request on March 18, 2026.
• City Commission approval is expected at the April 7 or April 21, 2026, meetings.
• Greystar manages over 798,000 residential units globally, reducing execution risk on this project.

Feldman Equities and Greystar are seeking to rezone Pinnacle Corporate Park at 500 and 550 NW 62nd Street in Fort Lauderdale's Cypress Creek area. The rezoning request moves the site from commercial and light industrial to the city's Uptown Urban District…

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New FHFA Rules Could Lower Condo Insurance Costs in Florida

Hundreds of Florida condo buildings that couldn't qualify for conventional mortgages may now be back in play. The Federal Housing Finance Agency just changed how condo buildings can insure their roofs for Fannie Mae and Freddie Mac loans, and for Florida buyers locked out of certain buildings, this could finally reopen doors.

Key Takeaways

• Condo buildings can now use actual cash value coverage for roofs instead of full replacement cost.
• The change is designed to help more buildings qualify for conventional mortgages.
• Florida's state-level SIRS reserve requirements remain in effect regardless of federal changes.

Who This Affects

• Buyers: Previously locked out of non-warrantable buildings due to insurance issues. More options may…

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Inside Kevin James's $17M Boca Raton Mansion

"The King of Queens" star just closed on a turnkey spec home in Royal Palm Yacht and Country Club, one of Boca Raton's most exclusive gated communities. The deal closed at $1,975 per square foot.

Key Takeaways

• Kevin James purchased an 8,685-square-foot mansion at 1831 Sabal Palm Drive for $17.15 million.
• The lot sold for $5 million in 2023. Its value increased to $17.15 million as a finished spec home, a 240% rise.
• Royal Palm Yacht and Country Club median prices are up 20% year-over-year as of early 2026.

The purchase was made through a trust called Boca Eddie Land Trust, with the mortgage address linking back to Kevin James's known residence in Old Westbury, New York. A source close to the deal confirmed he was the buyer. The home…

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Edgeworth Is Related Ross' Next Big Bet on West Palm Beach

Stephen Ross just announced his third high-rise residential project in West Palm Beach. It includes the highest penthouse price the city has ever seen.

Key Takeaways

• Edgeworth will deliver 168 residences across two 28-story towers, with prices from $2.5 million to $35.5 million.
• Related Ross's nearby South Flagler House generated over $500 million in pre-construction sales in Q1 2026.
• Construction is scheduled to begin in 2027 with completion targeted for 2029.

Related Ross just launched sales for Edgeworth, two 28-story towers on the South Flagler waterfront in West Palm Beach. Kohn Pedersen Fox is handling architecture, March and White Design is leading interiors, and Corcoran Sunshine Marketing Group is managing sales.

The…

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Nora House: The First For-Sale Condo in WPB's Nora District

The Nora District has been the most talked-about new neighborhood in West Palm Beach for two years. You can finally buy a home in it.

Key Takeaways

• Ronto Group has launched sales for Nora House, a 117-unit condo with prices starting in the upper $1 millions.
• It is the first for-sale residential offering in the 40-acre, $1 billion Nora District.
• Groundbreaking is targeted for mid-2027 with completion in 2029.

Nora House is an 11-story building at 1105 N. Dixie Highway in West Palm Beach's Nora District. The master-planned district is being developed by NDT Development, Place Projects, and Wheelock Street Capital. Douglas Elliman is leading sales.

As Larry Mastropieri explained on the Discover South Florida Podcast: "This is a really…

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Highland Park Townhomes in Delray Beach: What Happened?

The project reportedly received approvals years ago. Thirty-one luxury townhomes near Atlantic Avenue, with units anticipated to cost around $2 million each. But as of March 2026, no active building permits appear in public records. Here's what we found.

Key Takeaways

• Highland Park Townhomes reportedly received city approvals between 2019 and 2022, but has not broken ground.
• No active building permits appear in public records as of March 2026.
• Our Discover South Florida team contacted Courchene Development directly, and they declined to comment.

The 1.37-acre site at 375 and 395 NE 6th Avenue sits four blocks north of Atlantic Avenue in Delray Beach. According to property records, Courchene Development assembled the land for $4.9…

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La Plage at Pompano Beach: 59 Oceanfront Condos Proposed

A New York-based developer with $5 billion in real estate acquisitions is assembling oceanfront land in Pompano Beach. Two buildings from the 1950s would be demolished to make way for a 15-story luxury tower.

Key Takeaways

• Turks Capital proposed La Plage, a 59-unit oceanfront condo at 552-604 N. Ocean Blvd. in Pompano Beach.
• The 15-story tower would replace a 1951 condo building and a 1953 duplex on a 1.29-acre site.
• Rezoning and land use amendments are pending; official site plans have not been submitted yet.

Pompano Beach's Development Review Committee considered the rezoning and land use amendment on February 18, 2026. The project is still early in the approval process, but the developer behind it and the pattern it represents are…

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Inside Mast Capital's 25-Story Condo Plan for West Palm Beach

A Miami developer with a billion-dollar portfolio just proposed replacing a 2001 office building with luxury condos one block from CityPlace. The project is still early in the approvals process, but the location and the developer behind it make this one worth watching.

Key Takeaways

• Mast Capital proposed an 86-unit condo tower at 635 S. Dixie Highway, one block east of CityPlace.
• The 25-story project would replace an office building completed in 2001 on a 0.85-acre site.
• This is Mast Capital's first condo project in West Palm Beach.

The project went before West Palm Beach's Plans and Plats Review Committee on March 12, 2026. It's a preliminary review, meaning there are additional steps before this moves to construction. But the…

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Stephen Ross Is Betting Big on Wellington: Here's What's Coming

Wellington has always protected its small-town, equestrian character. But the village just approved something that would have been unthinkable a few years ago. And Related Ross isn't the only developer making moves here.

Key Takeaways

• Related Ross is paying $28.34 million for 32 acres to build a hotel, retail, restaurants, and 215 residential units.
• Wellington approved an 86-foot height permit, clearing the way for the tallest building the village has ever greenlit.
• Three major developments have been approved in Wellington in less than a year.

Wellington has historically kept itself small. The village is known globally as the equestrian capital of the world, home to the 12-week Winter Equestrian Festival and the National Polo Center.…

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