SOUTH FLORIDA NEWS - Boca Raton

The Messi Effect: Boosting Soccer, Real Estate, and Business in Miami

It’s hard to talk about Inter Miami these days without mentioning Lionel Messi. The soccer legend’s arrival has completely transformed the team, MLS, and even the real estate market in South Florida. If you’re a real estate agent, or just interested in the property market, Messi’s impact on Inter Miami and the entire sports landscape offers a fascinating look at how a superstar can drive growth in unexpected ways.

When billionaire Jorge Mas, his brother Jose, and David Beckham brought Messi to Inter Miami in 2023, it was a bold move for a team that had been struggling. Fast forward a little over a year, and we’re seeing the ripple effects of that decision. Inter Miami has become the most popular American sports team on social media, and its revenue has…

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How Could Hurricane Helene Impact Florida's Home Insurance?

As Hurricane Helene approaches Florida, many homeowners are concerned about the potential damage and its impact on the state’s already fragile property insurance market. With experts predicting strong winds and storm surges, even if Helene stays offshore, Florida's home insurance industry faces significant risks. This blog explores the implications of this storm on home insurance, particularly in areas like Tampa Bay, and what residents should expect.

Florida's Home Insurance Industry Braces for Impact

The Florida home insurance industry has been in a precarious position for some time, with high premiums, company exits, and the financial strain caused by previous hurricanes, most notably Hurricane Ian in 2022. Mark Friedlander, an expert from…

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City of Boca Raton Approves Glass House Project, A New Intimate Luxury Development

The City of Boca Raton has given the green light for the development of Glass House Boca Raton, a 9-story luxury residential building, marking the first modern glass structure in downtown Boca Raton. Approved on August 26, 2024, this exclusive project is set to be completed by the fourth quarter of 2026. Located at 280 E Palmetto Park Road, the development will offer a blend of upscale living and cutting-edge design, with a total of 28 luxury residences and rooftop amenities.

Sales Launched and Groundbreaking Scheduled 

Sales for the Glass House Boca Raton residences began in February 2024, with groundbreaking expected to take place in Q1 2025. Designed by an expert team that includes renowned architecture firm Garcia Stromberg, celebrity…

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Riviera Beach board advances $500 million mixed development project

The Riviera Beach Community Redevelopment Agency (CRA) has advanced the $500 million Oculina project, a towering 25-story mixed-use development, after a unanimous board vote to send it to City Council for approval. Since CRA members are on the City Council as well, Oculina’s likely to receive the green light to start construction. The project will replace an abandoned grocery store with 399 residential units, 9,680 square feet of retail space, 17,120 square feet of restaurant space, and 11,000 square feet of office space.

"This project will establish a new, high-quality development standard in the Broadway corridor," said Scott Evans, Director of Planning and Development for the CRA. Oculina is strategically located in an area city officials have…

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West Palm Beach’s Historic District Faces New Wave of Waterfront Development

The historic Northwood Harbor district in West Palm Beach, a community over a century old, is experiencing a surge in waterfront development, sparking both excitement and concern. Once overlooked, this neighborhood along North Flagler Drive has caught the attention of developers eager to capitalize on the growing demand for luxury living, especially following the pandemic’s shift in buyer preferences.

The Rise of New Developments

Within the past year, numerous high-rise luxury condominium proposals have emerged for an eight-block stretch adjacent to Northwood Harbor. Construction has already begun on the 22-story Alba Palm Beach condominium, and adjacent plots are now being eyed for further development.

Alba Reserve, a new luxury project…

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Housing Prices continue to rise during sales slow-down in Boca Raton

The real estate market in Boca Raton and Delray Beach continues to hold strong, even as home sales show signs of slowing. The latest Elliman Report, produced by Miller Samuel Real Estate Appraisers and Consultants, reveals that while prices have dropped slightly from the first to the second quarter of 2024, homes in both areas are still commanding significant increases compared to last year.

Boca Raton: Strong Prices Despite Slight Drop

In Boca Raton, the average sales price of a single-family home dropped 6% from the first quarter to the second quarter of this year, now sitting at $1,739,413. While this is down from the first quarter's average of $1,852,708, the market remains robust with a 22.8% increase year-over-year. This time last year, the…

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Boca Islands: Your Ultimate Guide to this Boca Raton Neighborhood (VIDEO)

Join Larry Mastropieri on a tour of Boca Raton's Boca Islands neighborhood!

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The Mastropieri Group: Top Realtors in Boca Raton Partner with Zillow Showcase

Introduction

The Mastropieri Group, a collective of the best Realtors in Boca Raton, has recently partnered with Zillow Showcase to bring an unmatched level of visibility and marketing expertise to their property listings. This partnership is a significant advancement for both the group and the local market.

In today’s digital age, online platforms like Zillow Showcase are crucial for realtors and home sellers in Boca Raton. They offer a broad reach, advanced tools, and targeted advertising that traditional methods can't match. With over 2,000 successful transactions under their belt, The Mastropieri Group understands the importance of staying ahead of the curve.

Larry Mastropieri, the visionary leader behind this dynamic team, plays a…

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Why Is Boca Raton So Famous? Uncovering the City's Allure

Introduction

Welcome to Boca Raton, a city that effortlessly blends elegance with excitement. Nestled on Florida's southeastern coast, Boca Raton has earned its reputation as a famous city and a must-visit destination for those seeking both relaxation and adventure. Known for its pristine beaches, world-class golf courses, vibrant art culture, and rich history of architectural grandeur, Boca Raton offers something for everyone.

In this article, we'll uncover the key factors that contribute to Boca Raton's allure:

1. The city's mesmerizing coastal beauty
2. Its prestigious status in the golfing world
3. A thriving art and music scene
4. Historical significance and stunning architecture

Get ready to dive deep into the essence of what…

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Boca Raton Real Estate Update April 2024 (VIDEO)

Introduction

Larry Mastropieri, top real estate agent in Boca Raton and the owner of The Mastropieri Group, recently delivered a comprehensive analysis of the Boca Raton real estate market as of April 1st. During his video update, Mastropieri compared current data with previous years to illustrate the market dynamics, highlighting significant findings and emerging trends.

Diving Into The Details

Starting with a striking 60% increase in the average sale price from March 2023 to March 2024, Larry quickly noted the necessity of cross-checking this with median sale price data, which showed a more moderate but still notable 24% increase. This discrepancy prompted a deeper dive into various data points to ensure a balanced view of the market.

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