Welcome to The Filth! I’m actual property, climate and critter reporter Kimberly Miller with the most recent developments within the scorching market.
This summer season has largely been a deep dive lesson for Palm Seaside Countians (Countyites, Countiers?) in politics and I do not imply no matter shenanigans are occurring in Tallahassee or Washington or Syndey Sweeney’s genes denims. No, I imply the actual deal politics of what we used to name Rental Commandos, which now looks like an erudite title for a gentler time when The Actual Grandmas of Century Village simply talked smack behind one another’s backs and ate the final pudding out of spite.
Palm Seaside Submit reporters have written an estimated 1,670 tales about scorched Earth condominium wars the previous few months and this week is not any completely different with “The Beast of Seaside Sound” (true nickname) and the “Not so Halcyon Days on the Halcyon” (made up nickname.)
In “The Beast of Seaside Sound,” builders purchased out the vast majority of an oceanfront apartment as a result of builders gonna develop and are doubling the dimensions of a four-story constructing to the chagrin of neighbors who see no magnificence in constructing an eight-story advanced simply 25 ft from Seaside Sound Highway.
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In different actual estate-related information, Palm Seaside County residence costs slumped in June placing the market in firmly-balanced territory, a decide says the Halcyon Condominium Affiliation in Palm Seaside is so wrecked it wants a receiver, and well being care corporations are flocking to Palm Seaside County as rich residents escape from L.A. and New York as a result of, because it seems, Snake Plissken is a prophet.
Halcyon Condominium Affiliation in Palm Seaside tousled large, in line with decide
The Halcyon condominiums at 3440 South Ocean Boulevard in Palm Seaside, Fla., on July 30, 2025.
It is a whole stereotype however do not you assume Palm Beachers can be good cash managers? I imply, they’re Palm Beachers, proper? Not so says Circuit Decide Maxine Cheesman who has ordered the appointment of a receover to supervise the affiliation administration on the Halcyon Condominium Affiliation.
A resident sued the affiliation after it did not have a vote on putting in a $2.5 million air-con system and, hey, BTW, there’s $15 million in expenditures that are not accounted for, in line with the filings. The affiliation is asking the decide to rethink and perhaps it is an excessive amount of to ask retirees who simply need to, nicely, retire, to be answerable for a multi-million-dollar affiliation price range and nonetheless be buddies on the pool.
Palm Seaside County present residence costs drop in June for first time in a minimum of 5 years
Residence on the market on March 24, 2025, in West Palm, Florida.
There’s debate about whether or not Palm Seaside County is morphing right into a year-round actual property market with extra households seeking to purchase in the summertime earlier than faculty begins. Historically, June has been a slumpy month till the pandemic when costs couldn’t be tamed. However this yr, June residence sale costs have been down 5% from the earlier yr.
And it is a message from the Emergency Broadcast System; Do not panic. Repeat. Do. Not. Panic. It is seemingly only a readjustment after all of us misplaced our ever-loving minds throughout Covid-19 and it is a good factor for consumers who’ve extra room to barter. Plus, the median value continues to be $626,000 and the typical value continues to be greater than $1 million. So, yeah, residence possession stays unaffordable for lots of oldsters.
Healthcare corporations flock to heaven’s ready room
Rendering of proposed medical tower in downtown West Palm Seaside for NYU Langone Well being.
The definitive and informative spherical up of what healthcare corporations are increasing into Palm Seaside County is out with lead enterprise reporter Alexandra Clough’s deeply-reported piece on plans for brand spanking new medical amenities and coverings.
Firms are coming from New York, Ohio and Massachusetts to spice up their native choices. Positive, they’re following the moneyed and insured people transferring to Palm Seaside County, however native suppliers are upping their recreation to compete, and that, my buddies, is the American means! Additionally, a few of us have genes denims which are wrinkled, light, filled with holes and simply typically distressed. We’d like all of the medical amenities we are able to get.
Stay frivolously.
Kimberly Miller is a journalist for The Palm Seaside Submit, a part of the USA At the moment Community of Florida. She covers actual property, climate, and the atmosphere. Subscribe to The Filth for a weekly actual property roundup. When you’ve got information suggestions, please ship them to kmiller@pbpost.com. Assist help our native journalism, subscribe at this time.
This text initially appeared on Palm Seaside Submit: NYU Langone, Cleveland clinic amongst healthcare suppliers flocking to Palm Seaside
