Living Large: $35M penthouse in the sky in Sunny Isles Beach
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A five-bedroom mega mansion in the sky can be had for just $35 million.
Mortgage rates are more than double from a year ago.
Tourists in town for Art Week are also snatching up real estate.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
CBS4's Gabrielle Arzola reports on how housing trends are leading toward a buyers' market in South Florida.
With high-interest rates, and overpriced homes, housing trends are leading toward a buyers' market in South Florida.
The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Welcome aboard "Hospitality", a stylish and spacious American-made 164-foot yacht ready for the show at the Fort Lauderdale International Boat Show.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Realtors say the pandemic created a unique situation for the market
Baltimore family sues appraiser and mortgage lender after their home was allegedly undervalued because they are Black.
Ballots haven't even been printed yet, but already a group of landlords, apartment managers and real estate agents want to stop voters from deciding on a measure that would implement rent control for a year in the theme park hub that has been one of the fastest-growing metro areas in the U.S
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
If it costs more than $700,000 to replace your Broward home or $1 million for Miami-Dade, you can't get coverage.
Pointing to "almost incomprehensible growth," the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
Tampa and Miami topped other metro areas across the country in a new analysis of housing price increases.
Price of a previously occupied house hits new heights even as would-be buyers struggle with high prices and mortgage rates.
The latest figures showed that home prices surged over 20% since March of last year.
After nearly three years of Phoenix leading the nation in the most-rapid growth in housing prices, it has been topped by the Tampa area, an analysis released Tuesday showed.
The inventory of available houses has shrunk and that has made it difficult for buyers in South Florida.
With real estate inventory shrinking, prices have skyrocketed across South Florida
Known for its dramatic curving exoskeleton, 1000 Museum, located on 1000 Biscayne Boulevard in Downtown Miami, was designed by the late architect Zaha Hadid.
Fans packed Inter Miami's new stadium near Miami International Airport, praising the long-awaited home while noting minor construction and traffic concerns.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
The New York Yankees beat the Miami Marlins 9-7 on Saturday night for their second 7-1 start in three seasons.
Lionel Messi and Luis Suárez scored to help Inter Miami earn a 2-2 draw against Austin FC in the club's long-awaited debut at its new stadium.
Evgeni Malkin had his 14th career hat trick to reach 1,400 career points and the Pittsburgh Penguins routed the Florida Panthers 9-4.
Fans packed Inter Miami's new stadium near Miami International Airport, praising the long-awaited home while noting minor construction and traffic concerns.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
The New York Yankees beat the Miami Marlins 9-7 on Saturday night for their second 7-1 start in three seasons.
Lionel Messi and Luis Suárez scored to help Inter Miami earn a 2-2 draw against Austin FC in the club's long-awaited debut at its new stadium.
Evgeni Malkin had his 14th career hat trick to reach 1,400 career points and the Pittsburgh Penguins routed the Florida Panthers 9-4.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
In advance of the trial, CBS News Miami spoke to Miami Herald federal courts reporter Jay Weaver about what Rubio is expected to say when he takes the stand.
Critics of the bill argue that the attacks on the teacher unions are part of a broader education strategy that has slowly been unfolding for the past 30 years.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.