Found 4 blog entries tagged as Florida Real Estate.

Boca Raton Real Estate Market: Slower Sales, Steady Prices, and Shifting Opportunities

Earlier this year, Boca Raton’s housing market saw its sharpest decline in home sales over the past five years. So, is the sky falling, or are we just witnessing a market adjustment? Let’s break down what’s happening in Boca Raton.

Market Slowdown: Homes Taking Longer to Sell

One clear sign of a slowing market is the increase in days on market (DOM). In September 2024, the average home took 78 days to sell, compared to just 55 days in September 2023—a 42% jump. October’s data shows a similar trend, with average DOM sitting at 49.8 days and cumulative DOM at 55.4 days.

This slowdown started in early 2024, peaking in April at 81.8 days, but it’s clear the market has since stabilized. The extended time homes are spending on the market shows…

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Florida Condo Owners ON THE BRINK | South Florida Real Estate Debacle

Larry Mastropieri, one of the best Realtors in South Florida and owner of The Mastropieri Group, addresses the severe financial challenges facing condominium owners in Florida. He describes this situation as a crisis, particularly in Boca Raton, where many condos are aging, being 40 to 50 years old. Mastropieri highlights a critical issue impacting condo ownership costs in South Florida: the insurance crisis. Since 2019, home insurance premiums in Florida have tripled, far exceeding the national average. This spike is attributed to fraudulent claims, predominantly overstated roof damages, leading to higher premiums for condo owners.

Mastropieri further explains how increased insurance costs are passed onto condo owners through higher association…

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Discovering Mizner Park: A Jewel in Boca Raton's Crown with Larry Mastropieri

Let's take a virtual journey through Mizner Park, one of Boca Raton's most iconic and vibrant locations. Guided by Larry Mastropieri, a renowned real estate broker and owner of The Mastropieri Group, this video tour offers an insightful glimpse into the heart of Palm Beach County.


Mizner Park, a cornerstone of Boca Raton since its opening in 1991, is a testament to high-end, mixed-use development. Spanning an impressive 398,000 square feet, it houses 45 diverse stores, restaurants, and entertainment venues, alongside 272 luxurious apartment units. This blend of retail, dining, and residential spaces creates a dynamic living experience in the heart of the city.


Our tour starts at the north end of the park, in front of the Mizner Park Amphitheatre.…

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Florida Lender Acquires Nigerian Oil Tycoon's Unfinished Manalapan Mansion for $21.5M

In a significant turn of events in the luxury real estate market, a Florida lender has acquired the oceanfront Manalapan estate of Nigerian oil mogul Onajite Okoloko. The spec megamansion, which was under construction, was purchased for $21.5 million by Edward London’s London Financial South Ocean LLC, a Florida-based entity.

Onajite Okoloko, a prominent figure in Nigeria's oil industry and chairman of Midwestern Oil & Gas, Eroton Exploration & Production, and Notore Chemical Industries, had initially listed the property for a staggering $87.5 million. Okoloko, also a co-founder of Ocean and Oil Holdings, faced foreclosure on the property located at 1460 South Ocean Boulevard, leading to its eventual sale.

Edward London, a Key Biscayne-based lender…

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