SOUTH FLORIDA NEWS - Broward County

Deerfield Beach Real Estate News: Over 200 Apartments Approved Near Hillsboro Blvd and Federal Hwy

A new development is coming to Deerfield Beach and it’s starting with over 200 new apartments right off Federal Highway. If you've passed the northwest corner of Federal Highway and Northwest Second Street, you’ve likely noticed the mostly empty lot with the two-story office building, formerly known as the Eller building. That’s where developers are planning to break ground in late 2025 on a brand-new residential project called The Axis, this is a five-story apartment building that will bring approximately 237 units to the market.

Here’s what you need to know.

Eller Property Rezoning Approved for New Deerfield Beach Apartments in 2024

In December 2024, the Deerfield Beach City Commission approved the rezoning of the Eller property at US 1 and…

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Townhouse Growth Surges in Broward County as Land Becomes Scarce

A major townhouse development is coming to Lauderhill, transforming a former golf course into a 650-home community. As land availability continues to shrink and costs rise, townhouses are becoming the go-to choice for developers and homebuyers in South Florida.

Townhouse Construction Outpacing Single-Family Homes

A recent report by the National Association of Home Builders (NAHB) indicates a significant shift in the trend of house construction. Townhouse building increased by 10% in 2024, overtaking single-family home construction. Nationally, 174,000 townhomes were built last year, compared to 158,000 in 2023.

Broward County is emulating this trend, as nearly half of the new single-family homes constructed in 2024 were townhomes. Figures from…

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South Florida Leads the Nation in All-Cash Home Sales in 2024

South Florida remains one of the most competitive real estate markets in the country, attracting a high number of cash buyers. A new study by real estate brokerage firm Redfin reveals that the metropolitan areas of West Palm Beach, Fort Lauderdale, and Miami rank among the top U.S. cities for all-cash home purchases in 2024.

Why Is South Florida a Magnet for Cash Buyers?

The trend of cash sales in South Florida is fueled by several key factors:

• Strong Investor Presence – Investors continue to purchase homes for rental income and long-term appreciation.

• International Buyers – Many overseas investors view South Florida as a stable place to park their money, particularly from Latin America and Canada.

• Relocation from…

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Why South Florida's Foreclosure Rate is Among the Highest in the U.S.

Current Foreclosure Rates & Trends

A new analysis from ATTOM, the nation's leading real estate data analytics firm, shows that South Florida still struggles to address one of the highest rates in the nation regarding foreclosures. In August 2024, one out of every 2,429 housing units in South Florida saw a foreclosure filing, putting it 12th among the key metropolitan statistical areas in the United States. Over 1,000 homes throughout Miami-Dade, Broward, and Palm Beach started some form of the foreclosure process.

In August, 422 homes in Miami-Dade County were listed as being in the foreclosure process. This represents one out of every 2,604 units in the county, an increase of 23.28% from July and 8.4% year-over-year.

In total, 312 of 2,270…

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Major Lakeshore Plaza office building sold at $17 million loss in Broward

In a significant transaction that reflects the evolving landscape of the commercial real estate market, Galium Capital recently purchased the Lakeshore Plaza II office building in Sunrise, Broward County, for $17 million. This sale comes at a steep discount, as the property’s value has dropped nearly 50% from its last sale price of $32 million in 2013. The deal highlights the challenges suburban office buildings face as remote and hybrid work models become more prevalent, but it also underscores the potential for recovery through strategic investment.

A Closer Look at the Transaction

The seller, TR Lake Shore Plaza LLC, an affiliate of Charlotte-based Barings Real Estate, was represented by a team from CBRE and Blanca Commercial Real Estate. The…

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AI Used in New Real Estate Scam in Broward County

The real estate market in South Florida has long been a hotspot for buyers, sellers, and investors, but now it’s also becoming a target for a more sinister player: artificial intelligence (AI). As technology continues to advance, fraudsters are finding new ways to exploit it, and one local man almost fell victim to a high-tech scam that could have cost him his savings.

Here’s the story of Udi Levi, a first-time investor, and how AI nearly duped him into a $52,000 real estate scam.

The Dream Investment

At just 19 years old, Udi Levi had already made up his mind about investing in real estate. Like many young investors, Udi was eager to find the right opportunity to grow his wealth and secure a solid financial future. After searching for the right…

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Miami-Dade Leads South Florida in Home Value Increases Despite Rising Interest Rates

Despite the dampening effect of higher interest rates, home values in South Florida have continued to climb, with Miami-Dade County leading the surge. Recent statistics from Florida Realtors indicate a 10% year-over-year increase in median prices for both houses and condos in the tri-county area. However, a deeper dive into the data from Zillow Inc., as reported by the Business Journal, reveals an intriguing trend in ZIP codes across Miami-Dade County.

In Miami-Dade, the top five ZIP codes, all with median home values below $500,000, experienced value increases ranging from 10 to 11%. This contrasts with Broward County’s top ZIP codes, which saw near 8% increases, and Palm Beach County’s, where the rise hovered around 5% to 6%. Boca Raton’s ZIP code…

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