South Florida's real estate pulse remains strong as luxury demand surges, commercial investment deepens, and affordability tensions rise. Here’s your curated summary of six major real estate headlines from the past 30 days that are shaping conversations and strategy in the Miami market.
1. Starter Homes in South Florida Hit $1 Million
According to a new Zillow report, entry-level homes in eight South Florida communities—including Pinecrest and Golden Beach—have crossed the $1 million threshold. This trend is intensifying concerns about affordability and pushing more buyers to seek alternatives inland.
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2. Deauville Developers Offer $6.3M Fine in Bid for Project Approval
The developers of the former Deauville Beach Resort in Miami Beach have proposed paying $6.3 million in fines as part of a settlement to build a new luxury condominium hotel tower. The proposed structure would exceed current zoning limits, sparking new discussions around development standards and preservation.
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3. Michael Stern Brings Billion-Dollar Vision—and Baggage—to Miami
Known for his daring architectural ventures, Michael Stern has shifted his attention from New York to Miami. With $4 billion in planned developments, he aims to reshape the skyline despite ongoing legal disputes linked to past projects.
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4. $385M Grand Hyatt Hotel Project Breaks Ground in Miami Beach
Balfour Beatty has begun construction on a new 17-story Grand Hyatt hotel featuring 800 rooms and expansive event space. The project is set to anchor a broader transformation of the convention center district, further positioning Miami Beach as a premier meeting and hospitality hub.
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5. Miami Ranks #5 Globally for Millionaire Population Growth
A report by Henley & Partners reveals that Miami’s millionaire population grew by 94% between 2014 and 2024. This surge secures Miami a top-five global spot and highlights its continued draw among high-net-worth individuals.
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6. $392M Loan Secured, New Tower Proposed in Wynwood Norte
Major commercial real estate activity continues with a $392 million loan secured for a convention center hotel and the proposal of a 41-story, 234-unit residential development in Wynwood Norte. Both signal sustained investor confidence and the urban core’s vertical evolution.
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Stay Updated with the Latest Miami Real Estate News
Whether you’re watching the market for the right time to invest or looking to understand how macro trends might shape your next move, these stories provide valuable insight into what’s coming next.
For more updates, strategies, and properties worth watching, visit Jose Munoz Real Estate.