SOUTH FLORIDA NEWS - Larry Mastropieri

Ombelle Brings 754 Condos and Equinox to Fort Lauderdale

Dependable Equities secured $50 million in pre-construction financing for twin 44-story towers in Flagler Village. Prices start in the $400,000s, and the project includes the city's first Equinox, the famous luxury fitness club. Here's everything you need to know before buying.

Key Takeaways

• Ombelle will include 754 condos across twin 44-story towers at 300 NE 3rd Avenue in Flagler Village.
• The project features Fort Lauderdale's first Equinox Fitness Club as part of a 100,000-square-foot amenity package.
• Prices start in the $400,000s for studios, with construction completion targeted for 2028.

Ombelle is a two-tower, 754-unit condo development at 300 NE 3rd Avenue in Flagler Village, Fort Lauderdale. The twin 44-story towers, designed…

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$160M Loan Unlocks Town Square in Boynton Beach

Time Equities broke ground on 465 apartments in downtown Boynton Beach after securing a $160 million construction loan from M&T Bank. The project sat stalled for years until $35 million in TIF subsidies made the numbers work.

Key Takeaways

• Phase 1 of Town Square includes 465 apartments, 6,300 sq ft of retail, and a 1,055-space parking garage.
• The Boynton Beach CRA approved up to $35 million in tax increment financing in a 4-1 vote.
• Time Equities operates under a land lease since the city owns the 3.77-acre site.

Time Equities, a New York-based developer, broke ground on the first phase of Town Square in Boynton Beach after securing a $160 million construction loan from M&T Bank. The eight-story project at 120 SE First Avenue will…

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Foreclosures Rising in South Florida, But Context Matters

Q1 2026 data from ATTOM shows foreclosure filings up 9.4% from last quarter and 16.6% from last year. The headlines are alarming. However, if you look at the historical context, there's no need to get alarmed just yet.

Key Takeaways

• One out of every 846 housing units in the tri-county region had a foreclosure filing in Q1 2026.
• Florida ranked third nationally for foreclosure rate, behind only Indiana and South Carolina.
• Current quarterly filings are roughly 16 times lower than crisis-era levels from 2008 to 2010.

New Q1 2026 data from ATTOM shows foreclosure activity rising across South Florida. One out of every 846 housing units in the tri-county region had a foreclosure filing in the first three months of the year. That is up 9.4%…

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Data Center Backlash Grows Across South Florida

From Loxahatchee to Okeechobee to St. Lucie County, communities are pushing back against Big Tech's expansion into Florida. Here's where the major projects stand and why the backlash keeps growing.

Key Takeaways

• South Florida ranks 10th nationally in data center market size, with 8 major projects planned totaling 1,366 megawatts.
• At least three large-scale data center projects have faced significant community opposition in the past year.
• McKinsey projects $6.7 trillion in global data center investment by 2030, with AI driving most of the demand.

South Florida has become one of the hottest data center targets in the country. McKinsey projects $6.7 trillion in global data center investment by 2030, and AI infrastructure is driving…

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Larry Mastropieri Featured in Florida Realtors Magazine on Real Estate Video Marketing

Florida Realtors Magazine reserves its featured pages for the state's most accomplished real estate professionals. The publication recently spotlighted Larry Mastropieri, broker-owner of The Mastropieri Group, in its May 2026 edition. Notably, the feature explored his playbook behind two of South Florida's most successful real estate YouTube channels.

The numbers behind this recognition speak even louder than the headline. Larry sold approximately 100 homes in 2024, while his team tripled that volume to nearly 300 homes in 2025. For South Florida buyers and sellers, the feature confirms what local clients already know. Indeed, Larry Mastropieri ranks among the most trusted real estate professionals in the region. Read on to see why this recognition…

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Larry Mastropieri Ranked Highest Selling Realtor® in Hidden Valley, Boca Raton

Hidden Valley remains one of East Boca Raton's most desirable neighborhoods. Buyers love the oversized lots, no-HOA freedom, and proximity to A-rated schools. However, this competitive market demands a Realtor® with proven local results. That is where Larry Mastropieri stands apart. He has earned recognition as the highest selling Realtor® in Hidden Valley, Boca Raton.

His track record across the area speaks volumes. Larry has personally listed 51 properties in Hidden Valley and surrounding East Boca Raton communities. Together, these deals represent over $42 million in confirmed sales volume. Furthermore, a 98.3% list-to-sold ratio also tops most agents in the region. Read on to learn what makes Hidden Valley special and why Larry leads the pack.

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Village of Valor Breaks Ground: 54 Homes for Veterans

A $25 million affordable housing project dedicated to veterans and their families just started construction in Palm Springs, near Lake Worth Beach. The 54-unit community includes on-site support services and a 50-year affordability restriction.

Key Takeaways

• Village of Valor will provide 54 affordable apartments for veterans earning 30% to 80% of the area median income.
• FaithHopeLove Charity, Turnstone Development, and the Palm Beach County Housing Authority are partnering on the project.
• The community includes 10,000 square feet of on-site vocational training and veteran support services.

Village of Valor is a 54-unit affordable housing community dedicated specifically to veterans and their families in the Palm Springs / Lake Worth…

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South Florida Housing Market Report: Palm Beach and Broward County Q1 2026

After a year of adjustments, both Palm Beach and Broward counties are showing signs of tightening. Inventory is falling, absorption rates are improving, and the market is starting to favor sellers again in key price segments.

Key Takeaways

• Palm Beach average prices up 11% while inventory fell 8%.
• Both counties now have seller's markets in the $500K to $750K range.
• New listings dropped sharply: Palm Beach down 11%, Broward down 15%.

The first quarter of 2026 told a story few expected. After watching inventory climb throughout 2025, both Palm Beach County and Broward County saw supply drop for the first time in over two years. New listings are down significantly. Under-contract activity is up. And absorption rates improved across nearly…

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Larry Mastropieri Ranks Among Top Luxury Realtors in Boca Raton in 2026

Ranked #4 in Palm Beach County's 2025 Top 40 Under 40 by Real Producers Magazine. Five-dot rating on Statista x Newsweek's Florida Top Real Estate Professionals 2025. Top Producer and Top Negotiator badges from U.S. News. Vertically integrated luxury brokerage operating across 61 South Florida markets.

South Florida's luxury market has its own rules. Marketing claims do not move the needle here. Verifiable production does. The 40 agents named to Real Producers Magazine's 2025 Palm Beach County Top 40 Under 40 collectively closed more than $2 billion in 2024. Larry Mastropieri secured the #4 position on that list with $105 million in individual sales, finishing ahead of agents from Compass, SERHANT., The Corcoran Group, and Douglas Elliman.

Beyond…

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Home Prices Are Going Up: Q1 2026 South Florida Report

Palm Beach County just crossed $1 million in average sale price for the first time. Broward County is stabilizing. Inventory is down in both markets. Here's what the Q1 2026 housing data shows for buyers, sellers, and investors.

Key Takeaways

• Palm Beach County's average sale price rose 11% to $1,025,233, crossing $1 million for the first time.
• Total inventory dropped 8% in Palm Beach and 7% in Broward, tightening supply in both markets.
• Under-contract activity surged 11% in Palm Beach and 9% in Broward, signaling strong Q2 closings ahead.

For Q1 2026, both Palm Beach County and Broward County showed broad-based improvement across absorption rates, inventory, and under-contract activity. Palm Beach is leading with rising prices and…

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