SOUTH FLORIDA NEWS - Market Update

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…

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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.…

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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…

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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…

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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…

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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.

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Luxury Homes for Sale: Tom Ford’s Former West Palm Beach Mansion Listed for $78 Million

A striking, award-winning mansion in West Palm Beach, previously owned by fashion designer Tom Ford, has returned to the market with a price tag of $78.5 million. This contemporary estate, located at 241 Jungle Road in the exclusive Estate Section of West Palm Beach real estate, was purchased by Ford in December 2022 for $51 million. Following a rare house swap with private-equity executive Brian Kosoy and his wife Andrea in mid-2023, the Kosoys have now listed this luxurious property for sale. Known for its impeccable design and prime location, the mansion represents a unique opportunity within the West Palm Beach luxury real estate market.

Luxury West Palm Beach Home for Sale with Rich Design and History

Constructed in 2016, this remarkable…

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Miami’s W South Beach bought for $400 million

 Billionaire brothers Simon and David Reuben recently tapped into Miami’s luxury real estate market with the acquisition of the iconic W South Beach for over $400 million. This transaction follows a year of major hotel sales in the Miami area, underscoring the region’s strong draw for international real estate investors and the ongoing appeal of its luxury market. The acquisition represents more than just a change in ownership; it also signals a strategic vision to elevate the W South Beach to new heights as one of Miami’s premier luxury destinations.

The W South Beach in Miami: A History of Transformation 

The W South Beach, a 340-unit property on Miami Beach, has a storied history that exemplifies Miami’s evolution as a hub for luxury tourism.…

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Fort Lauderdale’s Bahia Mar Marina: A $2 Billion Transformation into a “Mini Monaco”

The Bahia Mar Marina in Fort Lauderdale, Florida is set to undergo a massive $2 billion redevelopment, promising to elevate the area into a high-end destination described to be like a “mini Monaco.” This ambitious project will bring a St. Regis hotel, luxury condo towers, a beach club, and an array of restaurants and retail spaces to Fort Lauderdale’s waterfront. With a prime location that’s already home to the Fort Lauderdale International Boat Show, Bahia Mar’s transformation is expected to further establish Fort Lauderdale as a top destination for global yacht owners, boating enthusiasts, and high-net-worth investors.

Redefining Fort Lauderdale as a World-Class Destination

The Bahia Mar development will cater to a market segment that has been…

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Luxurious Boca Raton Waterfront Estate Sells for $9M

In an exceptional transaction, Larry Mastropieri of The Mastropieri Group LLC sold a client an astonishing waterfront property at 510 Kay Terrace, Boca Raton, FL, closing on October 15, 2024, at $9,225,000. Located in the charming neighborhood of Golden Harbour, this property embodies that of luxury and sophistication, making it one of the most desirable luxury homes recently sold in the Boca Raton real estate market.

Intracoastal Waterway: A Boca Raton Waterfront Home

Developed by Alpha Premium Development, this stunning 5,699-square-foot estate sits on a 9,562-square-foot lot along a deepwater canal, providing direct access to the Intracoastal Waterway. With a private dock and a seawall, this property is a dream come true for boating…

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