SOUTH FLORIDA NEWS - Real Estate Investing

Understanding the 2025 Housing Market and why it matters for the Boca Raton Real Estate Market

As we approach 2025, the real estate landscape continues to evolve, driven by changes in economic policies, mortgage rates, and shifting buyer and seller dynamics. The latest Realtor.com housing forecast provides a data-rich analysis of expected trends, highlighting opportunities and challenges for buyers, sellers, and investors. Whether you're exploring Boca Raton real estate or interested in broader market patterns, here's what to expect.

Mortgage Rates and Affordability Trends in 2025

Mortgage rates are forecasted to average 6.3% in 2025, with a year-end rate of 6.2%. Although slightly lower than 2024's average, these rates remain significantly higher than pre-2020 levels. For Boca Raton Realtors, this means home affordability will…

5037 Views, 0 Comments

The Challenges Facing Boca Raton Luxury Real Estate Development

The demand for luxury real estate in Boca Raton has never been higher, but many developers are stepping back from new projects. Rising costs, lengthy construction timelines, and changing buyer priorities have led to a slowdown in the creation of new luxury homes. Here’s a look at what’s driving this trend and how it’s impacting the Boca Real Estate Market.

Rising Land Costs in the Boca Raton Real Estate Market

One of the biggest challenges for developers is the soaring cost of land. Across South Florida, property prices have risen dramatically. For instance, a Coral Gables lot that cost $4 million in 2021 could now fetch $7 to $8 million. This mirrors trends in Boca Raton, where limited inventory and high demand have pushed land prices to…

1213 Views, 0 Comments

Grover Corlew’s Strategic Investment in Pompano Beach Real Estate

Grover Corlew, a prominent Boca Raton-based developer, has successfully secured a $114.4 million refinancing package for its newly completed Mayla Pompano complex in Pompano Beach. This deal not only underscores the resilience of South Florida's real estate market amidst elevated interest rates but also highlights the growing appeal of luxury rental communities in the region.

Transforming Pompano Beach with Luxury Living

The Mayla Pompano complex, located at 11 Northeast 24th Avenue, comprises 355 residential units across two eight-story buildings. These modern residences range from studios to three-bedroom apartments, offering floor plans between 548 and 1,383 square feet. Monthly rents start at $2,115 and go up to $4,500, reflecting the…

1019 Views, 0 Comments

Boca Raton Real Estate: Details On A Development Site Foreclosure Lawsuit

News about the Boca Raton real estate market has been making waves recently due to a significant legal development involving a local developer. Mark A. Gensheimer, the President and CEO of Penn-Florida Cos., is at the center of a $5.7 million foreclosure lawsuit over a prime property located at 375 E. Royal Palm Road in the heart of Boca Raton. The lawsuit, filed on November 18, 2024, by Precedent Asset Management-4C LLC, highlights the challenges in the Boca Raton real estate market and the complex nature of development financing in South Florida.

Details of the Lawsuit and Foreclosure Complaint

The foreclosure lawsuit targets a 1.02-acre site in Boca Raton, a location that had once been earmarked for a large-scale development. According to…

1952 Views, 0 Comments

Boynton Beach Housing Guide: Your Ultimate Resource for Living Options in South Florida

Boynton Beach is one of the fastest-growing cities in South Florida, offering a diverse range of housing options that cater to all lifestyles and budgets. From luxury homes in modern mixed-use developments to affordable housing communities, Boynton Beach has something for everyone. Whether you are looking for a new place to call home or seeking real estate investment opportunities, this guide will help you navigate the thriving Boynton Beach real estate market.

Luxury Living in Boynton Beach: Premier Homes and Exclusive Amenities

Boynton Beach is home to several high-end communities that offer sophisticated living with top-notch amenities and scenic views. Whether you're looking for a luxury condo or an upscale apartment, these properties…

859 Views, 0 Comments

The Dunes: A Mixed-Use Development Project Empowered by the Live Local Act in Boynton Beach

A new development in Boynton Beach, the Dunes Apartments, is set to transform the local real estate landscape. This mixed-use project, led by Affiliated Development, reflects a significant investment in both affordable housing and luxury homes in line with the goals of the Live Local Act (SB 102). This ambitious project includes a total of 336 residential units, spanning across two sections: Dunes South and Dunes North, and combines affordable housing with retail and commercial spaces to meet the growing demand for both workforce housing and upscale living.

At the heart of the development is a focus on affordable housing. The Live Local Act, which incentivizes private developers to create mixed-income housing, provides the financial backing and…

1209 Views, 0 Comments

The Pierce: A Transformative Mixed-Use Development in Boynton Beach

Boynton Beach is witnessing a major transformation with the development of The Pierce, a mixed-use project that will reshape the city's downtown area. This dynamic development, led by Affiliated Development, not only introduces high-quality residential units and commercial spaces but also reflects the city’s commitment to inclusivity through workforce housing. For those interested in exploring opportunities in Boynton Beach real estate, The Pierce represents an exciting new chapter for the city.

A Vision for Inclusivity and Economic Growth in Boynton Beach Real Estate

Located at 115 North Federal Highway, The Pierce is strategically positioned in the heart of Boynton Beach’s downtown district. This development is set to be a catalyst for…

1028 Views, 0 Comments

Atlantic Crossing: A Major Development Project for Downtown Delray Beach Real Estate

The Atlantic Crossing development in Delray Beach is set to become a landmark destination for both residents and visitors. Situated at 777 East Atlantic Avenue, this $300 million mixed-use project that began in 2017 is already enhancing the city's vibrant atmosphere. Designed to offer a seamless blend of residential, retail, office, and public spaces, Atlantic Crossing is bringing a fresh new look to the heart of Downtown Delray Beach. Whether you're looking for luxury homes or are interested in real estate investing, this project is transforming one of the most coveted corners of South Florida real estate.

Phase I of Atlantic Crossing: New Residential and Commercial Opportunities

The first phase of Atlantic Crossing, which was completed in…

4128 Views, 0 Comments

New Luxury Development in Pompano Beach: W Pompano Beach Hotel & Residences

Pompano Beach is undergoing a major transformation with the announcement of the W Pompano Beach Hotel & Residences, a stunning new luxury development that promises to redefine the city’s real estate landscape. Developed by Related Group and BH Group, this 24-story tower will be managed by the world-renowned W Hotels, bringing a combination of high-end residences and a range of exclusive amenities to the area. Set to rise along the beachfront, this project will add to Pompano Beach's appeal as an emerging luxury destination in South Florida and is sure to attract the best realtors in Pompano Beach.

Fully Furnished Luxury Home

The centerpiece of the W Pompano Beach Hotel & Residences development will be its 74 exclusive condominium residences,…

3023 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…

1360 Views, 0 Comments