News about properties and real estate
When it comes to protecting condominiums and homeowners communities from hurricanes, Florida law may not require as much property insurance as you may think – or need. These are tough times for shared communities across the state, and the notion of "going bare" — without insurance — to save on costs may sound appealing, but …
Continue reading “Condo hurricane insurance: Hurricane season should prompt insurance check”
The historic El Patio Hotel in downtown Venice has been sold for $2.195 million to longtime real estate investor and restaurateur David McRae. The 16-room business at 229 W. Venice Ave. is the only remaining operational hotel in downtown Venice and is listed in the National Register of Historic Places. It was built in 1927 …
There’s a quiet building boom taking place in South Florida, but it’s nothing like the mid-decade condo rush that ended in an epic economic bust. The new towers going up today are not being built on the water for the affluent, but on the chipped sidewalks of gritty neighborhoods for the region’s poorest families. The …
Continue reading “Building boom in affordable housing underway in South Florida”
A South Florida homeowner who alleges the mortgage foreclosure action against him was tainted by fraudulent paperwork will have his case reviewed by the Florida Supreme Court, in a closely watched action that could reshape state law. The 4th District Court of Appeal had asked the state’s high court to decide the case as matter …
Continue reading “Homeowner’s foreclosure case alleging fraud heads to state’s high court”
Like Bird Key in Sarasota Bay, Country Club Shores on Longboat Key was a planned community. Developed during the 1960s by the Arvida Corp. to provide more homes on the water, it was built on dredged land in five phases. There are no through streets, so the neighborhood is quiet — an obvious plus to …
The city could be on the hook for millions of dollars in damages for denying a developer’s 2004 plans to build a condominium tower along Bayshore Boulevard. On Wednesday, the 2nd District Court of Appeal reversed a lower court’s rejection of a lawsuit filed by Citivest Construction Corp., ruling that the case can move forward. …
Continue reading “Court: $10 million developer’s suit against Tampa can move forward”