Why Stephen Ross Overpaid for a Crumbling Condo | South Florida Market Deep Dive скачать в хорошем качестве

Why Stephen Ross Overpaid for a Crumbling Condo | South Florida Market Deep Dive

Why Stephen Ross Overpaid for a Crumbling Condo | South Florida Market Deep Dive The session opened with news of a major acquisition: Miami Dolphins owner Stephen Ross purchased 71% of a waterfront condo building near Mar-A-Lago in West Palm Beach for $37.3 million. The panel discussed how this overpayment for outdated units signals a redevelopment play, aiming to eventually raze the building and construct luxury condos priced from $2.5 million to $10 million. This strategy reflects a growing trend of developers targeting aging Intracoastal condos due to stricter reserve and repair laws post-Surfside. Shifting to broader trends, they explored Florida's widening gap between luxury and standard home prices. Miami now surpasses NYC in million-dollar listings, with "luxury" starting at just over $1.1M. The hosts highlighted how bizarre it feels to rent modest units next to celebrity mansions, emphasizing South Florida's unique wealth disparity. They also dissected the growing discontent with HOAs, sparked by HB 657 — a 32-page reform bill by Rep. Juan Carlos Porras. It proposes a new community association court, clearer paths to sue HOAs, and even dissolution options if residents vote accordingly. The hosts shared stories of dysfunctional approvals and legal threats, arguing for a balanced reform. Next, they covered the reimagining of the historic Paramount Theater in Palm Beach into a private club and public café, with drastically scaled-back plans now aiming for 5,000 sq ft and 170 members. Then came the Bentley Residences in Sunny Isles — a 62-story luxury tower featuring car elevators and residences starting at $5.8M. Despite market softening, they noted record luxury buyer activity, suggesting selective slowdown rather than collapse. Finally, they delved into Larry Ellison’s controversial closure of Lion Country Safari's campground, speculating about his intentions for the 600-acre site — whether conservation, private retreat, data center, or development. They concluded by analyzing South Florida’s evolving identity: Miami mimicking Manhattan’s vertical energy, Fort Lauderdale betting on waterfront icons despite slow condo absorption, and West Palm Beach embracing a “Wall Street South” strategy with $10B in transformation projects. The expansion of Brightline, particularly into Boca, was cited as a critical factor reshaping commuting and housing decisions. ====== ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🤔Thinking of Moving to South Florida? 😎☀️🏖️ 📱 Call or Text: 561-544-7000 📨 Email: larry@discoversouthflorida.com 📅 Zoom: https://www.discoversouthflorida.com/... ⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️ ====== 😎 Our Website: https://www.discoversouthflorida.com/ ====== 🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79 ====== ▶Subscribe 👉 http://bit.ly/3Ti3BtB ====== To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎 We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊 ====== 🏠 MUST WATCH South Florida Videos:    • Boca Raton Tour | Map Tour 2025      • Delray Beach Tour | Map Tour 2025      • Deerfield Beach Tour | Map Tour 2025   ====== 00:00 Billionaire Stephen Ross's Firm Buys out Majority of Waterfront Condo Complex 03:55 Florida Dominates National Luxury Real Estate Gap Rankings 07:04 South Florida Lawmaker Files Sweeping HOA Reform Bill following Protests 12:00 Redevelopment of Palm Beach's Paramount Theater into Private Club 13:50 New Sunny Isles Skyscraper will be One of the Tallest Beachfront Buildings Nationally 16:18 Why Oracle's Founder Just Closed a Beloved South Florida Safari Campground 18:43 Why Developers Are Spreading Bets from Miami to West Palm Beach ====== #MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket