SOUTH FLORIDA NEWS - Boca Raton Real Estate Market

How FAU Research Park is Transforming Boca Raton Real Estate

What was once a quiet extension of Florida Atlantic University is now a major player in the Boca Raton commercial real estate market. The FAU Research Park is producing over $708 million in annual economic output, helping drive new development, attract top talent, and strengthen South Florida’s position as a growing hub for innovation and investment.

The $708M Economic Engine Driving Boca Raton

What is FAU Research Park?

Established 40 years ago, the FAU Research Park was created to offer a home for innovative companies right next to Florida Atlantic University. Located off Spanish River Blvd, it’s a 94-acre hub for high-tech startups and established firms alike.

Companies at the park benefit from proximity to FAU’s 30,000+ students, faculty,…

30 Views, 0 Comments

Expert Tips from Top Real Estate Agents in Boca Raton: Outdoor Features That Sell

When it comes to selling properties in the Boca Raton realty market, outdoor features are often dealmakers. Buyers in this area are drawn to elements that blend luxury, functionality, and the Florida lifestyle. Whether you’re upgrading your home to sell or hunting for the perfect backyard oasis, these outdoor features are proven to add appeal and value to Boca Raton homes for sale.

1. Swimming Pools in Boca Raton Luxury Real Estate

A swimming pool is a quintessential feature for Boca Raton luxury real estate. Pools offer a private retreat for relaxation, exercise, or entertaining. Features such as decorative waterfalls, LED lights, and saltwater systems elevate their desirability. In real estate Boca Raton, a well-maintained pool often…

2040 Views, 0 Comments

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…

3350 Views, 0 Comments

Palm Beach County Condo Fines Owner For Speeding Guest? Understanding Your Rights Against Condo Association Authority

A physical therapist visited her patient at their Palm Beach County condo. The Condo Authority photographed the therapist's license plate and billed the condo owner, claiming she drove 20 over the speed limit inside the community. When the condo owner contacted the complex asking how they could be responsible for their guest speeding, the complex claimed it was in the owner’s original condominium paperwork they received 18 years ago. So the question hanging in the air is, can condo owners be legally held responsible for someone else's violation? 

Living in a community governed by a condominium or homeowner’s association (HOA) often means following a strict set of rules and guidelines. Many residents wonder, however, just how far a condo association’s…

2841 Views, 0 Comments

Exploring the Unique $33.95 Million Oceanfront Mansion in Highland Beach, FL

In the exclusive enclave of Highland Beach, a stunning oceanfront mansion has recently hit the market for $33.95 million, setting itself apart with a rare combination of luxury amenities, a distinctive design, and breathtaking waterfront views. Listed at 2363 S. Ocean Boulevard, this nearly 14,000-square-foot property offers a glimpse into elite Florida homes in Highland Beach that feature both the serenity of a private beach and a flair for unique, opulent interior design.

A Rare Mansion with an Indoor Pool and Versace-Style Design

The standout feature of this Highland Beach mansion is its extravagant indoor pool, an unusual addition that elevates the home’s luxury appeal. The indoor pool area is adorned with a Versace-inspired design…

3524 Views, 0 Comments

Margaritaville Singer Jimmy Buffett’s Palm Beach Cottage Sells for $6.11 Million

A bite-sized Palm Beach cottage of the late Margaritaville singer Jimmy Buffett recently sold for $6.11 million. Located at 138 Root Trail, this charming 1,673 square foot bungalow was bought for $800k by the singer in 2002, a fraction of the price it was purchased for recently. While listed at $7.25 million in July, the buyer managed to bring $1.14 million down from the price tag, the ideal sale among Palm Beach’s highly sought-after real estate market. Here’s a closer look at the details surrounding the purchase of this historic property and the significance it holds in Palm Beach real estate.

Historic Palm Beach Real Estate Property with a Music Studio

The cottage, built between 1900 and 1915, is located at 138 Root Trail in Palm Beach.…

902 Views, 0 Comments

Boca Raton Home Sells for $950K

A beautiful estate in Boca Raton’s coveted Santa Barbara community has just sold for $950,000. This two-story property at 6174 NW 23rd Street offers a blend of classic Florida elegance and modern upgrades, making it an exciting recent sale in the Boca Raton real estate market.

Inside the Home

The 3,036-square-foot residence, originally built in 1993, features a spacious and open layout with four bedrooms and four bathrooms. High ceilings with recessed LED lighting and arch windows allow plenty of natural light to fill the space, creating a warm and inviting atmosphere.

The kitchen is a standout with granite countertops, stainless steel appliances, and crisp white cabinetry. A large breakfast bar and adjacent breakfast nook make it a…

2102 Views, 0 Comments

On Paper, Not on Land: South Florida’s Delayed Mega-Projects

In South Florida, numerous large-scale real estate developments have been planned with grand visions, from towering skyscrapers to sprawling retail and entertainment complexes. However, many of these ventures have seen significant delays, facing various legal, financial, and logistical challenges. While some projects are currently stalled, others are slowly progressing, and a few have even been revived. Here, we explore several of these luxury real estate projects and the factors affecting their timelines.

1. American Dream Miami: Still Waiting to Become Reality

The American Dream Miami project by the Ghermezian family’s Triple Five Group, which also owns the Mall of America and American Dream New Jersey, was intended to be one of the largest…

3272 Views, 0 Comments

How Will the Fed Interest Rate Cut Affect Boca Raton Real Estate?

Fed Rate Cut and Its Impact on Boca Raton Home Prices

The Federal Reserve’s recent 0.5% interest rate cut, the first since March 2022, is expected to have a significant impact on Boca Raton real estate. Lower borrowing costs generally increase demand, which can drive up home prices in areas with limited housing supply and a thriving economy like Boca Raton. This demand may further push prices upward, as more buyers compete for a relatively finite number of homes. In this environment, Boca Raton homeowners could see increased property values, benefiting both sellers and investors who are looking to maximize returns.

Easier Access to Mortgages for Boca Raton Buyers

When the Federal Reserve lowers interest rates, mortgage rates tend to…

3583 Views, 0 Comments

Reality TV Star Sonja Morgan Buys West Palm Beach Waterfront Condo

Reality TV icon Sonja Morgan, best known for her role on The Real Housewives of New York City, has purchased a waterfront condo in West Palm Beach. This shift underscores a broader trend as high-profile figures move to South Florida, particularly within West Palm Beaches flourishing luxury real estate market. Morgan’s purchase—a waterfront condo on Flagler Drive—provides her with both luxury and serenity, away from the Manhattan hustle she knew for over a decade. For fans and residents alike, this move reflects a lifestyle transition many celebrities and retirees find appealing in the Sunshine State. It’s reported that Morgan bought the condo for $600,000, not long after selling her New York City home at 162 E. 63rd St. for $4.45 million this year.

6574 Views, 0 Comments