As South Florida Condos Age, More Owners Are Willing To Sell

CBS Miami

January 10, 2022

South Florida’s white-hot real estate market is prompting developers to take stock of the region’s older beachfront high-rises as potential buyout candidates for redevelopment.

While not new, the trend has taken on greater importance as vacant land disappears and more out-of-state residents move to South Florida in search of luxury digs.

Owners who would not have given a thought to selling previously are now taking the idea of moving seriously when confronted with lofty buyout offers, industry analysts and attorneys say.

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