Investors are increasingly seeing South Florida real estate as the ultimate, eventual piggy bank. According to Redfin, the second quarter of 2021, compared to the same quarter in 2020, saw stunning buying sprees in all three counties, with Fort Lauderdale sales up by about 183%, Miami up 91% and West Palm Beach up 53%. Miami led by raw sales, with 2,640 homes purchased.
Despite that fact, year-round sunshine, a lively social scene and the Florida lifestyle supersede the lack of cost savings.
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The developers are proposing a 300-room hotel in Hollywood on the site of what is now a parking lot.
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A new report from Cotality found that the number of homes for sale has quadrupled since 2022.
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The topics of discussion included the current state and future of the city, where luxury is headed and factors driving the demand for real estate in the area.
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The firm will be headquartered in Fort Lauderdale.
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Delivery of completed units is expected to take 24 to 28 months after construction begins.
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Chris Green and Patty Da Silva have merged their business with Mauricio Umansky’s The Agency.
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The Residences will feature 92 exclusive condominium homes.
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