Discover South Florida LIVE

Discover South Florida LIVE

By Larry Mastropieri, real estate broker/owner of The Mastropieri GroupNewsNews Commentary
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Discover South Florida LIVE episodes

  • Why Ken Griffin Spent $500M on 27 Acres in Palm Beach

    Ken Griffin has spent more than $500 million buying 10+ Palm Beach mansions, then tearing most of them down, to assemble a 27-acre ocean-to-lake estate. It's now the largest residential parcel on the island, bigger than Mar-a-Lago. We walk through the biggest buys on Blossom Way and South Ocean Boulevard, the 44,000-square-foot compound he's actually building, and why observers think the finished estate could be worth $1 billion.Then we meet the rest of the "landmaxxing" crowd. Larry Ellison quietly bought eight houses in a gated Boynton Beach community for his household staff, and the HOA changed its rules afterward. Plus, Stephen Ross's $100 million gift to bring Pine Crest School to West Palm Beach, and the land-price controversy behind the deal.Following the money: a Chrysler heir turns a $1.9M Everglades Island home into a $28.8M sale. Bugatti announces its first U.S. residential tower, 60 stories on the Miami River in Brickell. And a century-old nursing home on Datura Street makes way for a 25-story tower with 104 workforce units in downtown West Palm.And a history lesson we owe every condo owner: Surfside, five years later. We cover what the forensic engineers found, how it rewrote Florida condo law, and why the viral John McAfee theory doesn't hold up.Bring your questions — we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share!======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 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:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======00:00 Introduction00:44 Ken Griffin Assembles 27-Acre Estate10:53 Larry Ellison Buys Homes for His Staff19:09 Stephen Ross Giving $100M to Pine Crest28:57 Chrysler Heir Sells Palm Beach Mansion33:53 Surfside Collapse: Tragedy and the Conspiracies51:10 Bugatti Residences Coming to Brickell1:00:13 Nursing Home Making Way for 25-Story Tower======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

    1 hr 10 min
  • $30M Dirt, a Dead Macy's & a $5M Penalty

    An empty lot in Manalapan just sold for $30 million. No mansion, no pool. It's a nearly two-acre, lake-to-ocean homesite at 1820 South Ocean Boulevard with a 1969 cabana and an old boat dock on it. The seller paid $7 million in 2015, the county appraised it at $19.1 million this year, and the buyer is still hidden behind an LLC. We'll dig into why this tiny island town south of Palm Beach has become the "billionaire's bunker," from Larry Ellison's $173 million compound to Sean Hannity next door, and why in Manalapan the dirt itself is the trophy.Then it's the teardown-and-rebuild files. A longtime Boca developer wants to knock down his own headquarters near Mizner Park for a nine-story building with 84 luxury apartments. And the 60-year-old Lighthouse Point Yacht Club clubhouse is finally rubble, clearing the way for a new clubhouse and 21 luxury townhomes, with only three left unsold.Over in West Palm, the waterfront and the skyline are both making news. A city committee picked Miami's Breakwater Hospitality for a nearly 700-seat restaurant at Currie Park. Meanwhile, Charles Cohen's West Palm Point office tower is running about 18 months late, and the mayor isn't hiding his frustration.Plus: dead space turning into homes. The former Macy's at Pompano Citi Centre is now 352 apartments with move-ins underway, and a Delray Beach office park could add 358 new homes without losing a single office building.Bring your questions, because we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share! 🏝️======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 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:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======00:00 Introduction00:37 Procacci HQ redevelopment in Boca Raton11:40 Currie Park waterfront restaurant19:47 West Palm Point delay25:57 Lighthouse Point Yacht Club demolition35:18 Manalapan $30M lot sold42:40 Easton Atlantic in Delray Beach49:08 Caroline Pompano Beach======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

    56 min
  • A New Mr C., Greene's $150M Hotel Sale & 1,000 New Homes

    Billionaire Jeff Greene just sold the Tideline Palm Beach Ocean Resort for $150 million, after buying it for $41 million in 2011. The buyer is Fort Partners, the firm behind every Four Seasons in South Florida, and it already owns the Four Seasons Palm Beach right next door. Is this the start of something bigger on that stretch of oceanfront? We break down the numbers, why Greene says he sold, and where his attention is going next.Then it's the luxury brands moving in: the Cipriani family's Mr. C Residences is bringing hotel-style living to downtown Boca Raton, with 133 residences and Boca's first new branded tower in over a decade.Next up, the housing pipeline. The old Palm Beach Kennel Club is being assembled into Westgate Village, a 1,145-unit community. GL Homes is lining Lyons Road in West Boca with nearly 1,000 homes while schools push back. And national builder Dream Finders Homes makes its Palm Beach County debut with new townhomes from the $400Ks in Riviera Beach.Plus, downtowns and the train: Doc's All American is coming back amid 15+ projects in downtown Delray, and Aventana tops off next to Brightline Aventura, even as the railroad carries $4.9B in debt.Bring your questions — we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share!======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 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:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======

    00:00 Introduction

    00:34 Mr. C Residences in Boca Raton

    16:24 Jeff Greene sells Tideline in Palm Beach

    23:46 Westgate Village at the former PBKC

    29:05 GL Homes doubles down on West Boca

    38:15 New Townhomes Coming to Riviera Beach

    43:50 Doc's All American Is Coming Back

    50:49 Aventana Tops off Near Brightline

    57 min
  • Griffin's HQ Scare, a $195M Palm Beach Listing & a $295M Condo War

    An 85-foot drill rig toppled at the site of Ken Griffin's planned $1 billion Citadel headquarters in Brickell. It crushed three vehicles and a worker container and set a passing SUV on fire. Four people were hurt, and all of them survived with minor injuries. We walk through what happened at 1201 Brickell Bay Drive and what's planned there: a 54-story, 1.7-million-square-foot tower on the bayfront lot Griffin bought for $363 million. We also cover why this is at least the third major construction-equipment collapse in the Miami area this year. OSHA and Miami-Dade are investigating, and we'll lay out what to watch next.Then we follow the money. A Billionaires' Row mansion in Palm Beach just listed for $195 million, $25 million above the island's standing record, on land that sold for $5.7 million in 1996. In Fort Lauderdale, the Hotel Maren sold for $47.1 million after a saga that included EB-5 investors, a bankruptcy and a stalking-horse rescue. And in Delray Beach, Sundy Village landed a $223 million refinancing at 97% leased, proof that the right office product still fills up.Plus, the condo drama files: BEKO Equities' $295 million buyout offer at Portofino South in West Palm Beach has the building at war with itself, with 95% approval needed by November 3. We also cover the suburbs' next chapter: the owners of The Plaza Hotel putting their name on a $1 billion rental district in Davie, and a 736-apartment plan for a half-empty Deerfield Beach shopping center.Thinking of buying, selling or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe and share! 🏙️======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 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:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======

    00:00 Introduction

    00:30 Rig collapse at the Citadel HQ site

    09:06 $195M Billionaires' Row listing

    19:47 Portofino South $295M buyout

    33:38 Hotel Maren flips for $47.1M

    40:08 The Plaza Davie District

    46:56 Sundy Village $223M refi

    01:02:24 Rivertowne Square, 736 units

    ======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

    1 hr 9 min
  • Why Ken Griffin Wants All of Wynwood

    Miami's worst-kept secret is a billion-dollar deal. Brokers across Wynwood describe developer Moishe Mana's sale of the 30-acre Mana Wynwood complex to Citadel billionaire Ken Griffin as effectively done — at a rumored $700 million to over $1 billion, which would be a record for a South Florida development-site sale. Both men deny it. But Griffin reportedly wants an AI and technology campus on the site, Mana Wynwood has reportedly stopped booking major events more than a year out, and Griffin's confirmed buying spree — $180M+ for 545Wyn, a $363M Brickell lot for his $2.5B Citadel headquarters — tells its own story. We'll walk through why the rumor alone is already repricing land around the campus.Then, the tax story every investor needs to hear: $29 billion in deferred Opportunity Zone taxes comes due December 31, and the bill is owed on the original gain whether the project is performing or not. South Florida has 120+ zones — we'll map who's exposed and what OZ 2.0 opens up in January 2027.After that, the money moving through the region: Cain International and Kushner Companies' 440-unit twin towers near downtown Fort Lauderdale, Related Ross closing on 32 acres in Wellington for Village Landing — its first project outside West Palm Beach — and Estate Companies paying $13M for a 310-unit rental tower steps from the Brightline.Plus the price-gap file: a $27.5 million Lost Tree Village estate sold to be demolished, and Hallandale Beach's Nine Hundred tower dropping its hotel to add 220 apartments — in a city where a 1960s co-op trades at $85K and new construction starts at $580K.Thinking of buying or selling in South Florida? Reach out to Larry and the team — link below. Like, subscribe, and share.======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 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:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======00:00 Introduction00:17 Ken Griffin's Rumored $1B Wynwood Buy15:06 The $29B Opportunity Zone Tax Bill Comes Due30:02 $27.5M Lost Tree Estate — Sold to Be Demolished37:39 Kushner's 440-Unit Fort Lauderdale Towers48:33 Related Ross Goes Suburban: Wellington55:35 310 Apartments by the Brightline in West Palm1:02:20 Hallandale's Nine Hundred: Hotel Out, 540 Units In======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

    1 hr 7 min
  • Why the Playboy Mansion Owner Is Selling Miami

    The owner of the Playboy Mansion is cashing out of Miami Beach. Daren Metropoulos — who bought Hugh Hefner's Holmby Hills estate for $100 million in 2016 — has his oceanfront home at 7815 Atlantic Way in North Beach under contract for nearly $25 million, up from the $18 million he paid in 2021. It's the second-priciest deal in a week where 12 Miami-Dade properties asking $4M+ went under contract, and it points at the real story: the "Miami market" is now two markets moving in opposite directions. The ultra-luxury tier keeps setting records on cash and wealth migration while the mid-market slows under higher rates.Then the drama files. Wells Fargo has filed a $1.28 billion foreclosure lawsuit against affiliates of Boca Raton-based Workspace Property Trust — the biggest we've ever covered on this show — targeting eight South Florida office buildings in Boca Raton, Sunrise and Miramar plus 32 more in Tampa. Suburban office is being handed back to lenders at the exact moment downtown towers are breaking records.We're also tracking the money moving through the region: Related Ross files for a 25-story, 194-residence tower at 464 Fern Street on a West Palm lot that beat every developer before them (they paid $55 million for the dirt alone). Affiliated Development seeks an $8.8M tax break for The Cypress — its third Broward project funded by a third different public program. And Deerfield Beach may finally get a downtown: three 14-story buildings on land voters approved selling back in 2023, with a P&Z hearing on September 3.Plus: Lake Park's taxable value jumped 38.7% and Westlake's 23.7% — the two biggest gains in Palm Beach County — and West Palm's CRA moves to rebuild six 1924 shotgun homes destroyed by fire, as affordable housing in the Northwest Historic District.Thinking of buying or selling in South Florida? Reach out to Larry and the team — link below. Like, subscribe, and share.======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: [email protected]📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/

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    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. 🕶️🌊

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    🏠 MUST WATCH South Florida Videos: https://youtu.be/cfvFdrr7Tfk

    https://youtu.be/eyoDym4TvuM

    https://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======

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    #MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

    ======00:00 Introduction00:35 Playboy Mansion Owner Cashes Out of Miami12:06 $1.28B Foreclosure Hits SoFla Offices23:08 The Cypress: $8.8M Tax Break Ask34:10 Related Ross Files 25 Stories on Fern St43:36 Deerfield Beach Is Getting a Downtown50:52 Lake Park & Westlake Lead PBC Growth01:02:56 Rebuilding West Palm's 1924 Shotgun Homes

    1 hr 10 min
  • Why Al Capone's Empty Lot Sold for $21M

    Join real estate broker Larry Mastropieri, owner of The Mastropieri Group, and John Laws of Discover South Florida for a full breakdown of the deals, fights and financing reshaping the South Florida market right now.The headliner: the vacant Palm Island lot where Al Capone spent his final years just sold for $21 million — and there's no house on it. The villa was demolished in 2023, so the buyer, Russian mogul Ilya Karpov, paid purely for 0.7 acres of waterfront and one of the most infamous addresses in America. A few hundred yards away on Hibiscus Island, a brand-new mansion with its own nightclub closed at $51.5 million — $4,905 per square foot — an all-time record for both islands, set by a house smaller than the sales just below it. We break down what that per-foot number really tells you about guard-gated island dirt. 🏝️Then, the money moving through the region: Kolter just spent another $25.6 million on 222 homesites at Avenir, pushing its total there past $117 million across roughly 1,000 lots. Banyan Tree Residences cleared a unanimous downtown vote in West Palm Beach — 25 stories, 88 units, designed by OMA, and the brand's first residences in the United States. And in Hallandale Beach, the $370M Oasis project landed a $50 million mezzanine loan on top of a $112M construction mortgage — we'll explain exactly what a mezz loan is and what it signals to a buyer.Plus the fights: Brightline is carrying $4.9 billion in debt with its own auditor flagging "substantial doubt," even as real estate leaders line up to call it a crown jewel the region can't lose. And Palm Beach County votes this week on a one-year data center moratorium after residents packed a hearing and killed Project Tango. We close with The Club at Ibis breaking ground on a $63 million campus overhaul — the country club arms race, continued. ⛳Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team!


    00:00 Introduction

    00:32 Al Capone's Old Lot Sells for $21M

    11:18 Brightline Buried in $4.9B of Debt

    17:06 Palm Beach Co. Moves to Block Data Centers

    25:04 Banyan Tree Tower Wins Unanimous Vote

    29:56 Kolter Drops $25.6M on More Avenir Homesites

    43:20 Oasis Hallandale Lands $50M Mezz Loan

    53:09 The Club at Ibis Breaks Ground

    1 hr 5 min
  • Billionaires, Condo Loans & a 765-Unit Tower

    Join real estate broker Larry Mastropieri, owner of The Mastropieri Group, and John Laws of Discover South Florida for a breakdown of the deals, rule changes, and neighborhood fights reshaping the South Florida market.This episode's headliner: Ken Griffin just sold his Worth Avenue building to Blackstone for $86 million — only $3 million more than he paid in 2023. On paper that's a break-even trade. In context, it's a billionaire quietly rotating out of Palm Beach and into Miami, where Citadel has broken ground on a 54-story, $2.5 billion Brickell headquarters. We'll unpack the 125 Worth Avenue deal at roughly $1,720 per square foot, why Blackstone is buying trophy retail streets worldwide, and what sub-1% vacancy and $92-per-square-foot rents say about Worth Avenue right now.Then the story that hits every condo owner watching: Fannie Mae and Freddie Mac killed their fast-track condo reviews as of August 3. Nearly every conventional condo loan now triggers a full review of the association's budget, reserves, and insurance — and if the building fails, every owner in it can be cut off from normal financing. Larry walks through exactly what to request before you buy.Next, the money moving through the region: a 765-unit, three-tower "Terrasse" proposed in Fort Lauderdale using the Live Local Act to skip rezoning entirely, the 166-acre Emerald Hills golf course rezoning approved in Hollywood for 284 homes, and Mr. C West Palm crossing 85% sold with the Cipriani brand's first Palm Beach County tower.Plus the drama files: Deerfield Beach sends its 20-year beachfront rules to a November 3 referendum, and the Heron Bay HOA backs down on sweeping landlord rules after a chaotic meeting in Coral Springs.======00:00 Introduction00:34 Ken Griffin sells Worth Ave to Blackstone10:24 Fannie/Freddie end streamlined condo reviews18:42 Deerfield Beach beachfront referendum29:10 Terrasse — 765-unit Fort Lauderdale project37:28 Emerald Hills golf course rezoning45:27 Mr. C West Palm Beach — 85% sold52:58 Heron Bay HOA chaos======

    1 hr 4 min
  • Why Young Thug Picked Cooper City

    Young Thug just paid $5 million cash for a brand-new estate in Cooper City — seven bedrooms, roughly 6,000 square feet, on a two-acre lot in a quiet western Broward suburb. He skipped the Miami Beach waterfront entirely. We break down the 37% discount off the builder's original $8 million ask, the LLC named after the address, and what it says about where privacy-first celebrity money is actually going in South Florida.Then, the money moving through the region: Related Ross's 10 and 15 CityPlace towers are out of the ground in West Palm Beach — nearly a million square feet backed by a $772 million construction loan, the largest ever recorded in Florida — with ServiceNow and Cleveland Clinic already anchored. Plus Intalex Capital's $8.9M Plantation buy, turning an office parking lot into a 395-unit apartment community, and a proposed Hollywood Beach overlay district that could allow towers up to 490 feet at the shuttered 1925 "Grand Lady" resort site.And the stories every owner needs to hear: an entire 304-unit condo community in Pembroke Pines was declared unsafe, evacuated, dissolved by a court, and sold for $20.5 million — we walk the full timeline, including what residents actually got and what they didn't. We also close the book on a $6.6 million force-placed insurance fraud ring, and count down the 10 most exclusive private clubs in Palm Beach County, from $500,000 buy-ins to the club you can't even apply to.======00:00 Introduction00:30 Young Thug Buys Cooper City Estate06:45 Sentence Handed Down in Florida Insurance Fraud Ring13:17 Hollywood Zoning Changes Could Allow Towers Up to 490 Feet20:36 1 Million Square Foot Office Expansion Underway in West Palm Beach28:20 From Condo Dissolution to Redevelopment in Pembroke Pines47:14 10 Best Private Clubs in Palm Beach County01:02:43 Office Parking Lot to Apartments Trend Continues in Plantation

    1 hr 8 min
  • Why DeSantis' Property Tax Cut Is in Trouble

    A Leon County judge just ordered the state to rewrite the ballot language for Governor DeSantis' property tax amendment. Judge David Frank ruled the title — "Save Our Homes From Excessive Property Taxes" — reads "akin to a political advertisement" rather than the clear, neutral wording state law requires. Amendment 3 stays on the November ballot, but Attorney General James Uthmeier has 10 days to submit new language, and the court kept jurisdiction over any further challenge. We explain exactly what's at stake for homeowners: a homestead exemption jumping from $50,000 to $150,000 in 2027 and $250,000 in 2028, plus a cut to the non-homestead assessment cap from 10% to 5% — and the December 31, 2026 residency deadline that decides whether you get the full break immediately or wait five years.Then the numbers. Our H1 2026 market update for Palm Beach and Broward shows both counties now below pre-pandemic inventory for the first time since 2022, Q2 sales up 23–26% over Q1, and the $1.5M+ segment surging 38% in Palm Beach. We'll tell you what that means if you're selling in PBC versus buying in Broward.Plus the pressure story nobody wants to talk about: more than 2,500 Florida condo buildings flagged for deeper structural inspection, 54 declared unsafe — and a third of jurisdictions never even reported. That's the engine behind the assessments and buyouts we keep covering.And the money moving through the region: Mandarin Oriental launching sales on an 87-unit West Palm tower from $3.5M, a $40.9 million Hillsboro Mile estate that became Broward's priciest sale of the year, a $24.65M approved development site near the Galleria, and Loxahatchee's first branded hotel.======00:00 Introduction00:35 South Florida Real Estate Market Update Q2 202615:53 Thousands of Florida Condos Flagged for Danger32:53 Florida Tax Amendment in Danger Due to Wording39:47 Mandarin Oriental Debuts in West Palm Beach47:40 Hillsboro Beach Estate Sells for $40.9M54:11 Dev Pays $24.65M for Approved Fort Lauderdale Multifamily Site01:01:52 New Home2 Suites Coming to Loxahatchee?======

    1 hr 11 min

About Discover South Florida LIVE

From the publisher's feed

South Florida real estate broker Larry Mastropieri, owner of The Mastropieri Group, discusses the latest real estate news in the area alongside co-host John Laws of Discover South Florida.