SOUTH FLORIDA NEWS - Larry Mastropieri

David Beckham's $25M Penthouse Sale Reveals a Split in South Florida Luxury

David and Victoria Beckham just cashed out of One Thousand Museum. The power couple sold their 59th-floor penthouse for nearly $25 million, pocketing a $5 million gain in six years. But this is more than a celebrity real estate headline. It reveals a split in the South Florida luxury market right now.

Beckham Brand Limited, the couple's London-based company, sold the full-floor unit at 1000 Biscayne Boulevard for $24.6 million. They bought it brand new in 2020 for $19.8 million. The off-market deal closed at about $2,677 per square foot inside one of Miami's most architecturally significant buildings, designed by the late Pritzker Prize-winning architect Zaha Hadid.

Key Takeaways

• The Beckhams sold their full-floor penthouse at One Thousand…

1402 Views, 0 Comments

Buy or Rent Together in 2026? What South Florida Couples Need to Know

A lot of couples in South Florida hit the same moment: you look at your lease renewal, you look at your savings, and you wonder if it is time to put that money toward something you own. With mortgage rates hovering around 6% to 6.5%, the Florida median home price sitting near $415,000, and South Florida rents averaging $2,300 to $3,000 depending on the county, the math has shifted since the pandemic years. The question is not whether buying is "better." It is whether buying makes sense for your specific situation in 2026.

Key Takeaways

• If you are not confident you will stay in the same area for at least 3 to 5 years, renting usually protects you financially better.

• A lender's maximum approval is not a comfortable budget. The real…

2374 Views, 0 Comments

Why D-Wave Quantum Chose Boca Raton Over Silicon Valley for Its HQ

The building where IBM invented the personal computer in 1981 is now home to the company building the future of computing. D-Wave Quantum, a publicly traded pioneer in quantum computing, announced it will relocate its global headquarters from Palo Alto, California, to the Boca Raton Innovation Campus.

The move is expected to create hundreds of high-paying technology and R&D jobs, each averaging at least $125,000 in salary. For homeowners and buyers across Palm Beach County, this signals another wave of tech-driven demand heading to South Florida.

Key Takeaways

• D-Wave Quantum will occupy 25,000 square feet at the Boca Raton Innovation Campus (BRiC), with the move expected by the end of 2026.

• Florida Atlantic University committed $20…

516 Views, 0 Comments

The Canadian Snowbird Selloff: A Crisis for Condos, Not Luxury Homes

According to a recent survey, over half of Canadian property owners in the U.S. say they plan to sell within the next year. Florida real estate agents report receiving zero Canadian buyer inquiries during peak season for the first time in years. Meanwhile, Chinese investment surged 83% to $13.7 billion, but agents say interest is cooling fast since tariffs escalated. For homeowners in Broward and Palm Beach counties, this shift could reshape the market in ways that create both challenges and opportunities.

Key Takeaways

• 54% of Canadians who own U.S. property plan to sell within the next year. 62% cite the current political administration as the primary reason.

• Foreign buyers purchased $56 billion in U.S. real estate from April 2024 to…

2262 Views, 0 Comments

Florida Condo Crisis Hits Delray Beach: $43 Million Bankruptcy Filing

A 55-and-older community in Delray Beach just filed for bankruptcy with $43.7 million in debt. The biggest creditor? Lennar Homes, one of the largest homebuilders in the country. The second biggest? The community's own Number 2 Condo Association. And at the center of it all is a legal fight over shared amenities that has been building for years. For buyers and owners across South Florida, this filing is a warning sign about what can go wrong when association governance breaks down.

Key Takeaways

• The Palm Greens at Villa Del Ray Recreation Association filed Chapter 11 bankruptcy on January 27, 2026, with $43.7 million in liabilities.

• Lennar Homes is the largest creditor at $25 million, tied to a dispute over shared amenities with the…

1981 Views, 0 Comments

Sell Your Home Fast in 2026: A Yard Sign Won't Do It

Your neighbor's house sold in a week. Yours has been sitting for two months. Same neighborhood. Similar square footage. Comparable price. So what gives? The answer is not the granite countertops or the extra half-bath. It is a combination of two things: a skilled Realtor who knows how to price, negotiate, and close, paired with strategic marketing that puts your home in front of the right buyers. In South Florida's competitive 2026 market, you need both to win. And most sellers do not realize this until it is too late.

Key Takeaways

• 96% of buyers now start their home search online. The first showing of your home is not at an open house. It is on a smartphone screen.

• Homes in Palm Beach County now sit on the market for an average of 85…

1032 Views, 0 Comments

What Happened to One West Palm? Jeff Greene's $5 Million Penalty and 2027 Deadline, Explained

The tallest building in Palm Beach County has been under construction for 7 years and is still not complete. Now the City of West Palm Beach is done waiting. Billionaire developer Jeff Greene just agreed to pay $5 million in liquidated damages if his twin-tower project at 550 Quadrille Boulevard is not completed by the end of 2027. Greene says the building will be finished within months. The city says it has been missing years of expected tax revenue.

Key Takeaways

• Jeff Greene agreed to a $5 million penalty if One West Palm is not completed by the end of 2027. The twin 30-story towers broke ground in April 2019 and were originally set to open in 2021.

• The $250 million-plus project includes 328 luxury apartments, 200,000 square feet of…

1721 Views, 0 Comments

Why a Manalapan Estate Linked to Sean Hannity Is Listed at Nearly Double Its 2024 Price

Bought for $26 million. Listed 13 months later at $44.9 million. That is the math on a Manalapan waterfront estate linked to Fox News host Sean Hannity. The eight-bedroom compound at 1840 South Ocean Boulevard sits on two acres with 150 feet of frontage on both the Atlantic Ocean and the Intracoastal Waterway. If the asking price holds, it would represent a $20 million gain in just over a year. Welcome to Manalapan.

Key Takeaways

• A trust linked to Hannity purchased the property for $25.95 million in November 2024. It is now listed at $44.9 million, fully furnished.

• Oracle billionaire Larry Ellison's $450 million investment in Manalapan triggered the "Ellison Effect," transforming this 400-person town into one of America's most…

744 Views, 0 Comments

Shoppes of Wilton Manors Could Get 82 Apartments Under New Stiles Plan

One of the most recognizable shopping centers on Wilton Drive could be partially demolished to make way for 82 new apartments. Fort Lauderdale-based Stiles Corp. and Delray Beach-based New Urban Communities are behind the proposal at 2200 to 2292 Wilton Drive. The front retail building, with Georgie's Alibi Monkey Bar and Hunter's Nightclub, would remain. Only the vacant big box at the rear would be torn down. The Wilton Manors Development Review Committee is set to consider the rezoning and site plan applications on February 3.

Key Takeaways

• Stiles Corp. is proposing two five-story residential buildings with 82 apartments, 14,700 square feet of new retail, and 3,900 square feet of outdoor dining at the Shoppes of Wilton Manors.

• This…

880 Views, 0 Comments

Inside The Sanborn: Boca Raton's New Members-Only Private Club

Rooftop pool. Speakeasy. Supper club. Eight hotel-style guest rooms. All inside an invitation-only private club in downtown Boca Raton. The Sanborn is a proposed 44,000-square-foot members' club at 100 N.E. First Avenue, just steps from Sanborn Square. If approved this summer, it could open by April 2028. This is the latest sign that downtown Boca is becoming a destination for South Florida's ultra-wealthy.

Key Takeaways

• The Sanborn is a proposed 44,000-square-foot private members' club at 100 N.E. First Avenue in downtown Boca Raton, featuring a signature restaurant, speakeasy, rooftop pool, wellness spa, and eight hotel-style guest rooms.

• Membership is invitation-only, with pricing not yet disclosed, following a market trend in…

2264 Views, 0 Comments