Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

The community’s 74 single-story villas come in two- and three-bedroom floor plans measuring between 1,300 to 1,450 square feet.

Owners of the 659 residences will be able to rent them short-term or on Airbnb year-round. 

Terra and Fortune International Group plan to develop a 56-unit, luxury-condominium development on the site of the Silver Sands Beach Resort.

The 400-apartment community, to be known as The Era, is being developed by Affiliated Development. 

The buyer, Atlantic Pacific Companies, plans to change the name of 212-unit Canterbury Ridge Apartments to Atlantic Canton Ridge. 

Regency Development Group expects to break ground on the 24-residence community in the fourth quarter. 

MMG Equity Partners has received approval to proceed with the development.

South Florida real estate has long led the nation in international investment. South Florida Agent recently spoke with one of Miami’s biggest developers, Fortune International President and CEO Edgardo Defortuna, about the current market.

The owners of Authentic Brands Group built the 14,520-square-foot house to showcase its Barneys New York Home collection, which will launch later this year. 

The 17-story luxury condo tower is over 75% sold.

Ocean580 will bring 17 residences priced from $4.67 million to market, with delivery expected in winter 2027. 

ONE Sotheby’s International Realty is handling sales and marketing for the project, Lincoln Coconut Grove. 

The previous record was a $12.5 million transaction. 

The 70-unit Villa Miami is the first branded building by the Major Food Group restaurant group. 

The three-building development in the Bay Harbor Islands is approaching $100 million in sales and is 50% sold.