SOUTH FLORIDA NEWS

1923 Mizner Estate Sells for $77M on Palm Beach Oceanfront

Villa Flora, one of Addison Mizner's most important residential works, just sold for $76.7 million in an off-market deal. The buyer? Anthony Lomangino, a Trump appointee, Mar-a-Lago member, and the man Florida Bulldog once called the "Palm Beach trash kingpin."

Key Takeaways

• Villa Flora at 260 North Ocean Boulevard sold for $76.7 million in an off-market transaction recorded February 2, 2026.

• The 2-acre oceanfront compound was designed by Addison Mizner in 1923 and features original frescoes by artist Gardner Hale, who traveled to Venice to research the works.

• The sellers, Harvey and Mary Ann Kinzelberg, held the property for nearly 25 years after acquiring it for $9.58 million, a roughly 700% return.

Anthony…

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8 Things to Know Before Investing in Airbnb in South Florida

Short-term rentals can generate high income in South Florida, but the rules are complicated. Zoning varies by city, HOAs can ban rentals outright, and tax implications change based on lease length. Here is what investors need to understand before buying.

Key Takeaways

• Short-term rental rules vary significantly by city and building, with some cities and HOAs banning Airbnb-style rentals entirely.

• Average occupancy in South Florida markets like Miami, Fort Lauderdale, and Hollywood runs around 52-53%, meaning properties may sit vacant for nearly half the year.

• Tourist development taxes vary by county. In Palm Beach County, rentals under six months are taxed at 13%, which affects pricing strategy and lease structuring.

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World Cup 2026 Drives Broward Luxury Condo Sales: Where Fans Are Buying

Hard Rock Stadium is the only FIFA World Cup venue in Florida. Seven matches, one corridor, and buyers are already moving. From $5.64 million athlete purchases in Hallandale Beach to $100,000-a-month rental inquiries, the World Cup effect is here.

Key Takeaways

• Hard Rock Stadium hosts seven World Cup matches, including a quarterfinal and the third-place game, making it the only Florida venue for the 2026 tournament.

• NBA player Kyle Kuzma signed a $5.64 million contract at the Residences at Shell Bay in Hallandale Beach, with several deals around $12 million expected to break the city's condo-sale record.

• Cities within 35 minutes of the stadium, including Hallandale Beach, Hollywood, Miramar, and Aventura, are seeing increased…

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Ritz-Carlton Launches 83-Unit Luxury Tower in Fort Lauderdale

Another Ritz-Carlton Residences, this time in Fort Lauderdale. MICL Group and Admire Capital's 13-story dual-tower project at 551 Bayshore Drive has only 83 units starting at $3.4 million. Boutique scale, beachfront location, branded service.

Key Takeaways

• The Ritz-Carlton Residences, Fort Lauderdale Beach is a 13-story dual-tower development with 83 private residences, six penthouses, and pricing starting at $3.4 million.

• Garcia Stromberg designed the exterior, and Dan Fink Studio handled the interiors, with Douglas Elliman Development Marketing leading sales.

• The project joins a growing concentration of branded residences between Miami and Palm Beach, including Rosewood in Hillsboro Beach and Waldorf Astoria in Pompano…

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This AI Startup Wants to Fix Title Searches: West Palm HQ, $6.5M Funding

Dono is building an AI platform that automates title searches by extracting data from county registries nationwide. The company just raised $6.5 million and set up U.S. operations in West Palm Beach, joining a growing cluster of proptech firms betting on South Florida.

Key Takeaways

• Dono raised $6.5 million in seed funding to automate title searches using AI, with U.S. operations now based at 7750 Okeechobee Blvd in West Palm Beach.

• The platform covers over 700 counties, including all of Florida, and reports 80% faster turnaround times on title work.

• Dono joins a growing proptech cluster in South Florida that includes Propy, DoorLoop, Togal.AI, and others, as Palm Beach County continues to attract tech and financial services…

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Delray Beach Commits $400M to Citywide Infrastructure Push

This South Florida city is putting tax dollars to work. Water treatment, beach restoration, roads, public safety, parks, and private housing development are all happening at once. Here is where the money is going and what it means for property values.

Key Takeaways

• Delray Beach is investing over $400 million in public and private infrastructure through 2030.

• A $190 million water treatment plant broke ground February 2026, with completion expected early 2028.

• Beach restoration and A1A road projects are now complete; police station and park upgrades are next.

Infrastructure investment in Delray Beach is happening at a scale the city has never seen. A full infrastructure overhaul is underway across multiple categories:…

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Why Batmasian Cut Underground Parking at Royal Palm Hotel in Boca Raton

Rising construction costs forced a redesign of the 12-story Royal Palm Plaza Hotel. The Planning and Zoning Board approved revised plans on February 19, eliminating below-grade parking and reducing on-site spaces from 887 to 205.

Key Takeaways

• James Batmasian's Royal Palm Plaza Hotel in downtown Boca Raton has been redesigned to eliminate underground parking, dropping the room count from 144 to 137 and on-site parking from 887 to 205 spaces.

• The Planning and Zoning Board approved the revised plans on February 19, 2026, with a City Council vote expected next week.

• A pedestrian bridge will connect the hotel to a new seven-story parking garage with 501 spaces, 6,000 square feet of restaurant space, and 2,700 square feet of…

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Alonzo Mourning Secures $47M for Affordable Senior Housing in Hollywood

The NBA Hall of Famer's nonprofit and Coconut Grove-based Housing Trust Group have closed financing on Villa Jordana, a 96-unit project for seniors 62 and older. Monthly rents will range from $713 to $1,555, well below Hollywood's average of $2,179.

Key Takeaways

• Villa Jordana is a 96-unit affordable senior housing project at 826 South Dixie Highway in Hollywood, with completion expected next year.

• The $47 million financing package includes $33.8 million in tax credit equity from Raymond James, construction and permanent loans from Capital One through Freddie Mac, and a $640,000 loan from the city of Hollywood.

• Units are restricted to renters 62 and older earning between 33% and 60% of the area median income, with monthly…

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Fort Lauderdale Ends City Hall Debate: New $260M Building Moves Forward

After months of back-and-forth over whether to buy an existing tower or build new, the city commission has made its decision. A purpose-built 10-story civic facility will rise at 100 N. Andrews Avenue, with completion targeted for 2027 to 2028.

Key Takeaways

• Fort Lauderdale will build a new $260 million City Hall at 100 N. Andrews Avenue after rejecting unsolicited offers to buy Tower 101 ($86 million) and 1 East Broward ($122.5 million).

• FTL City Hall Partners is the lead candidate with a proposed 196,000 square foot, 10-story Class A office building that would consolidate all city departments under one roof.

• The city has been without a permanent City Hall since April 2023, when a historic rainstorm caused irreparable flood…

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Rosewood Hillsboro Beach Tops Out: 92 Oceanfront Condos Coming in 2027

Related Group and Dezer Development have completed vertical construction on the first hospitality-branded residence in Hillsboro Beach. The 10-story building on Millionaire's Mile will deliver 92 units starting at $5.95 million, with full completion expected early 2027.

Key Takeaways

• Rosewood Residences Hillsboro Beach has topped out vertical construction on a rare 12-acre site stretching from the Atlantic Ocean to the Intracoastal Waterway at 1180 Hillsboro Mile.

• The 92-unit building is the first hospitality-branded condo development in Hillsboro Beach, with residences ranging from 2,800 to 6,400 square feet and pricing starting at $5.95 million.

• Related Group and Dezer Development are co-developing the project, with…

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