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Preview: Real Estate / South Florida Sun-Sentinel

Real Estate / South Florida Sun-Sentinel



Get all the latest real estate news from the South Florida Sun-Sentinel.



Published: Fri, 15 Apr 2016 16:04:21 GMT

Last Build Date: Fri, 15 Apr 2016 16:04:21 GMT

Copyright: ©2016 Sun Sentinel
 



South Florida cities among worst for affordable housing, study finds

Fri, 15 Apr 2016 15:44:00 GMT

People in six South Florida cities face some of the toughest housing burdens in the country, a new report shows.

Miami ranks fourth nationwide on a list of the most cost-burdened communities, with 19.34 percent of residents spending at least half of their monthly incomes on rent or mortgage payments,...




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Real Estate Notebook: Gale Residences about 60 percent sold

Fri, 15 Apr 2016 15:26:00 GMT

The developer of Gale Residences Fort Lauderdale Beach says more than 60 percent of the 129 condominiums are under contract.

Newgard Development Group is building the 12-story project at 2900 Riomar St., next to the former Escape hotel. The Gale has one-, two- and three-bedroom units from 800 to...




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Ask a Real Estate Pro: Is HOA obligated to pay for property damage?

Fri, 15 Apr 2016 14:08:00 GMT

Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. To ask him a question, go to SunSentinel.com/askpro

Q: My husband and I live in a patio home. There is a common property area of about 15 yards behind our house....




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Foreclosures fall in first quarter as housing rebound continues

Thu, 14 Apr 2016 10:32:00 GMT

New foreclosure cases declined in South Florida during the first quarter, an indication that the tri-county region has "definitely, firmly" rebounded from the worst of the housing crisis, a new report shows.

From January through March, 2,882 new cases were filed in Palm Beach, Broward and Miami-Dade...




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Fort Lauderdale to get 7-story office building

Tue, 12 Apr 2016 19:56:21 GMT

Developers plan to break ground this summer on a 70,000-square-foot office building that's expected to open in fall 2017 in Fort Lauderdale.

The 550 Building will be built at 550 S. Andrews Ave. It's the site of the former Justice Building and adjacent to the Broward County Courthouse.

Office development...




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Rising apartment rents raising concern

Mon, 11 Apr 2016 20:29:00 GMT

It's not getting any easier to rent an apartment in South Florida, new data show.

Broward County's average apartment rental rate in February was $1,579, up 8 percent from a year ago, according to Reinhold P. Wolff Economic Research in Oakland Park.

Palm Beach County's average apartment rent was...




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Oceanfront condo in Hillsboro Beach offering $100,000 discount

Fri, 08 Apr 2016 20:34:00 GMT

After two years, construction is complete at 1200 The Ocean, and now the developer is offering discounts of up to $100,000 to sell the final 11 residences in the 18-unit luxury condominium in Hillsboro Beach.

The three-story oceanfront project is the first condo built in the small town along State...




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Real Estate Notebook: Office rents up in Palm Beach, Miami-Dade counties

Fri, 08 Apr 2016 17:55:16 GMT

Palm Beach and Miami-Dade counties ranked in the top 10 nationwide in demand for office space and rent growth during the first quarter, according to a report from Cushman & Wakefield.

In the January-through-March period, Miami-Dade County filled 907,000 square feet, behind only the Denver metro...




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Ask a Real Estate Pro: No such thing as easy money with short-term rentals

Fri, 08 Apr 2016 15:56:00 GMT

Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. To ask him a question, go to SunSentinel.com/askpro

Q: I just found out my tenant is listing our condo on one of those real estate websites for short-term rentals....




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Small chance of home prices falling in South Florida, report says

Thu, 07 Apr 2016 18:39:48 GMT

South Florida homeowners have little to fear in the way of falling prices, new data show.

The likelihood of price declines in Palm Beach County in the next two years is 3 percent, according to a report from Arch Mortgage Insurance Co., a private mortgage insurer based in Walnut Creek, Calif.

Broward...




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Brickell Key penthouse to be listed for record $12.8 million

Thu, 07 Apr 2016 14:46:00 GMT

Developer Swire Properties will list a Brickell Key penthouse for a record $12.8 million, The Miami Herald reported.

The apartment features floor-to-ceiling windows, décor by Brazilian furniture designer Artefacto, a private pool on a rooftop deck and 360-degree views of Brickell Bay.

The apartment...




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Tamarac housing development to launch sales April 13

Wed, 06 Apr 2016 19:27:22 GMT

A Miami builder is set to unveil the second of three developments bringing more than 700 single-family homes for entry-level buyers to Tamarac.

13th Floor Homes will break ground and launch sales April 13 at Manor Parc off Commercial Boulevard and Florida's Turnpike, along Northwest 49th Avenue....




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105 townhomes planned for Fort Lauderdale's Edgewood neighborhood

Mon, 04 Apr 2016 20:19:00 GMT

A 105-unit townhome community designed for working professionals is coming to the Edgewood neighborhood of Fort Lauderdale.

The Reserve at Edgewood is planned for a 7-acre parcel at 2807 SW 15th Ave., the site of the former Floridale Mobile Homes park. Prices will range from the low $300,000s to...




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Fisher Island condo goes for $11.3 million

Mon, 04 Apr 2016 18:38:00 GMT

New York philanthropists Joseph H. Reich and Carol F. Reich paid $11.3 million for a condo on Miami’s exclusive Fisher Island, a report says.

Stanley F. Smith and Margaret Shaw Smith sold  the 4,590-square-foot unit at Oceanside Fisher Island, at 7872 Fisher Island Drive, the South Florida Business...




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More older Americans becoming renters

Mon, 04 Apr 2016 16:39:00 GMT

Baby boomers are altering the American Dream.

After having the home in the suburbs, the kids, the two cars, and maybe even the picket fence, a growing number now want to ride elevators to rental apartments and walk out the door to restaurants. When the kids are grown, an increasing number of empty...




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South Florida homebuyers enjoying more leverage as market softens

Sun, 03 Apr 2016 21:48:00 GMT

If you've been waiting to buy a house, you might have more negotiating power now than you've had in a while.

Even though prices keep rising, buyers are becoming more discriminating and less likely to overpay or kowtow to sellers' demands, real estate agents say.

As the traditional spring and summer...




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Auberge condo sells for record $8.9 million

Fri, 01 Apr 2016 20:41:29 GMT

A penthouse with 11-foot ceilings, a private pool and panoramic views of Fort Lauderdale and the Atlantic Ocean has sold for $8.9 million at Auberge Beach Residences & Spa Fort Lauderdale — setting a record as the most expensive condo ever sold in Broward County.

"We are extremely excited and we...




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Real Estate Notebook: South Florida rental return below national average

Fri, 01 Apr 2016 14:10:00 GMT

Palm Beach, Broward and Miami-Dade counties ranked below the national average in single-family rental returns for investors, a new report shows.

Palm Beach County's average annual gross rental yield was 7.1 percent in the first quarter, according to RealtyTrac Inc. Broward was at 9 percent, while...




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Ask a Real Estate Pro: Seller frustrated by junky home next door

Fri, 01 Apr 2016 13:13:39 GMT

Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. To ask him a question, go to SunSentinel.com/askpro

Q: I have been trying to sell my home for a year with no luck. My real estate agent tells me that it's because...




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The 'micromansion': Big on luxury, less to maintain

Thu, 31 Mar 2016 20:07:06 GMT

Frank McKinney, the real estate entrepreneur known for building oceanfront palaces in Palm Beach County, now has a new venture: the "micromansion."

McKinney said wealthy buyers still covet luxury homes, but they want smaller properties that are easier to maintain.

"I'm really seeing a shift away...




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