What the Via Mizner Foreclosure Means for Real Estate in Boca Raton

Recently, news dropped about a $5.7 million foreclosure lawsuit that was filed for a property at 375 E. Royal Palm Road in Boca Raton. This lawsuit, which was actually filed on November 18, 2024, by Precedent Asset Management-4C LLC, highlights the challenges facing property owners in South Florida. Now, another major property in Boca Raton, the 101 Via Mizner apartment building, is at risk of foreclosure.

This situation shows how the Boca Raton real estate market could be changing, with some developers struggling to keep up with loans and rising costs. Let’s dive into what’s happening at Via Mizner and what it could mean for Boca Raton real estate.

What Is Via Mizner?

Via Mizner is a luxury 14-story apartment building with 366 units, located…

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Explore Millionaires’ Mile Florida With the Best Realtor in Hillsboro Beach


Located between Boca Raton and Pompano Beach, Hillsboro Beach, FL, offers exclusive coastal luxury. This hidden gem, often overlooked amid South Florida’s more popular urban areas, is a coveted destination for those seeking luxury, tranquility, and waterfront living. Affectionately known as the Millionaires’ Mile, Hillsboro Beach is a narrow strip of land sandwiched between the Atlantic Ocean and the Hillsboro River, delivering an experience that showcases upscale Florida living.

Millionaires’ Mile: A Jewel of Hillsboro Beach Real Estate

A stretch of just over three miles along State Road A1A, the Millionaires’ Mile is a neighborhood of luxury homes, modern condominiums, and lavish mansions. These one-of-a-kind properties, surrounded by…

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Boca Raton Real Estate: Details On A Development Site Foreclosure Lawsuit

News about the Boca Raton real estate market has been making waves recently due to a significant legal development involving a local developer. Mark A. Gensheimer, the President and CEO of Penn-Florida Cos., is at the center of a $5.7 million foreclosure lawsuit over a prime property located at 375 E. Royal Palm Road in the heart of Boca Raton. The lawsuit, filed on November 18, 2024, by Precedent Asset Management-4C LLC, highlights the challenges in the Boca Raton real estate market and the complex nature of development financing in South Florida.

Details of the Lawsuit and Foreclosure Complaint

The foreclosure lawsuit targets a 1.02-acre site in Boca Raton, a location that had once been earmarked for a large-scale development. According to…

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$307 million construction loan for Luxury Homes at Rosewood Residences in Hillsboro Beach


The Rosewood Residences in Hillsboro Beach stand as a new benchmark for luxury homes in South Florida. Developed by Related Group and Dezer Development, this extraordinary project spans from the Atlantic Ocean to the Intracoastal Waterway. With a $307 million construction loan secured from Apollo Global Management, the vision for this ultra-luxury community is now taking shape. The development sits on 11.8 acres within the prestigious Millionaire’s Mile, renowned for its collection of the most exclusive properties in Broward County.

 

Oceanfront Living Information for Real Estate Agents in Hillsboro Beach

The oceanfront section of the Rosewood Residences spans 5.1 acres and includes a 10-story tower featuring 70 meticulously designed homes.…

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DiVosta to Bring Luxury Homes to Wellington with $12 Million Land Acquisition


PulteGroup’s DiVosta Secures Prime Real Estate in Wellington

In a significant move, DiVosta, the luxury home division of PulteGroup, acquired 22.5 acres of prime real estate in Wellington for $11.72 million from the Diocese of Palm Beach. Located just south of the Therese De Lisieux Catholic Church at 11800 Lake Worth Road, this acquisition will pave the way for an exclusive gated estate community, aptly named Canter.

The Diocese retains ownership of 16.4 acres, maintaining its religious facilities. DiVosta, known for its expertise in luxury construction, is poised to deliver a high-end community that redefines estate living in Wellington, making it a focal point for top real estate agents in Wellington and beyond.

A Gated Community with…

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New "Villas on 5th" Community: Insights from the Best Realtor in Boca Raton


The latest Villas on 5th community is the talk of the town in the Boca Raton real estate market. It is a townhome development that has just been approved after a rezoning decision by the Boca Raton city council and promises to turn an 8-acre parcel into a thriving neighborhood. Let's go in-depth with the details of this exciting development.

Overview of the Villas on 5th Project

Location of the Development

Villas on 5th will be located at 2600 NW 5th Avenue, Boca Raton, FL. This prime location is very accessible to downtown, near to 'A'-rated schools, and a plethora of shopping centers. The placement of the development along NW 5th Avenue creates convenience for those who are possibly interested in renting any of the townhomes being…

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Discover why Pompano Beach is poised to become a top Florida city for real estate investments


If you’re considering moving to Florida, whether to relocate for career opportunities or adjust your retirement plans, the state offers numerous cities that are attracting homebuyers and investors alike. Among them, Pompano Beach stands out as an exciting opportunity for those interested in the South Florida real estate market. Known for its beautiful beaches and a more relaxed pace of life, Pompano Beach is increasingly becoming a hotspot for luxury real estate buyers and investors.

Located about 40 miles north of Miami, Pompano Beach provides all the perks of a beach town lifestyle without the overwhelming cost of living that many other South Florida cities face. Whether you are looking for a second home, property investment opportunities, or a…

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Boca Raton Real Estate Soars: British Matalan Family Sells Two Mansions for Nearly $23.5 Million


The luxury real estate market in Boca Raton has witnessed another high-profile sale, as a British family behind the Matalan retail empire recently sold two stunning mansions along the Intracoastal Waterway for a combined total of $23.47 million. This significant transaction underscores the continued allure of Boca Raton real estate among affluent buyers, with the homes’ appreciation rates reflecting the growing demand for waterfront properties in South Florida.

The sale, which includes two neighboring estates, marks a milestone in the area’s upscale market. The larger of the two homes, an 8,222-square-foot mansion, sold for a remarkable $19.03 million, while the smaller one fetched $4.44 million. Both properties, though distinct in size, have seen…

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Sundy Village: A Premier Development for Top Realtors in Delray Beach Real Estate


Sundy Village is quickly becoming one of the most anticipated mixed-use developments in Delray Beach. Located in the heart of downtown, this new project blends historic charm with modern amenities, creating a vibrant space for dining, retail, and office use. With its unique location and ambitious vision, Sundy Village is set to transform the Delray Beach real estate landscape.

The development spans 7 acres and centers around the Sundy House, the oldest home in Delray Beach, which is listed on the National Register of Historic Places. This incorporation of history into the development process ensures Sundy Village will appeal to those who appreciate the cultural significance of the area while providing access to state-of-the-art facilities. For those…

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Boynton Beach Housing Guide: Your Ultimate Resource for Living Options in South Florida

Boynton Beach is one of the fastest-growing cities in South Florida, offering a diverse range of housing options that cater to all lifestyles and budgets. From luxury homes in modern mixed-use developments to affordable housing communities, Boynton Beach has something for everyone. Whether you are looking for a new place to call home or seeking real estate investment opportunities, this guide will help you navigate the thriving Boynton Beach real estate market.

Luxury Living in Boynton Beach: Premier Homes and Exclusive Amenities

Boynton Beach is home to several high-end communities that offer sophisticated living with top-notch amenities and scenic views. Whether you're looking for a luxury condo or an upscale apartment, these properties…

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