Month: May 2012

Celebrity Real Estate Spotlight: Pat Riley Sells Coral Gables Home

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Miami Heat President Pat Riley recently sold his mansion in Coral Gables for nearly $17 million, according to an article on Sun Sentinel.

The home, which features five bedrooms and eight bathrooms, was purchased by Riley and his wife Christine for $6.8 million in 1996.

Click here to read the entire Sun Sentinel article.

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Florida Makes Changes to Help Struggling Homeowners

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Photo courtesy of turtlemom4bacon via Flickr.

There’s some good news for homeowners finding themselves in financial hardships… According to the Miami Herald, state officials have voted to implement a massive overhaul on a $1 billion program to help struggling homeowners, potentially opening the doors for thousands of Florida homeowners who were previously denied government aid.

When the program launched last April, the Miami Herald reported that  strict requirements would disqualify many local homeowners right off the bat. And according to Florida Housing Finance Corporation data, 12,516 homeowners were rejected, while only 5,540 applicants were approved.

Now that the rules for qualification have be reviewed, the FHFC said it will reach out to homeowners who were initially rejected to check if they qualify under the new rules.

Click here to read the full Miami Herald article.

What Will $625K Will Buy You?

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From Montana to Key West, The New York Times shows you what type of home $625,000 will buy you in different cities around the U.S.

Click here to check out the slide show.

Celebrity Real Estate Spotlight: Julio Iglesias Buys Miami Beach Home

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Julio Iglesias, Spanish singer and father of pop star Enrique Iglesias, just purchased a property in Miami Beach’s exclusive Indian Creek community, according to the Wall Street Journal.

 The 5,000-sq. ft. property sits on an 80,000 sq. ft. lot located adjacent to another property owned by Iglesias. The new 6-bedroom property cost a reported $15.2 million.

To read the full article, click here.