Florida
Post-Boomers: Will Florida real estate appeal to the next generations? | Home Front
Florida has always proven a desired destination for those entering the next chapter of life, most recently fueled by the number of Baby Boomers reaching retirement age running between 3.5 and 4 million annually. Born from 1946 to 1964, Baby Boomers represent one of the largest generational cohorts with approximately 76 million people representing the wealthiest and, therefore, the most enabled in history.
Florida’s appeal has been undeniable, as evidenced by its consistent ranking in the top-three destination states of all online home searches in the U.S., regardless of age. This isn’t surprising given our state’s weather, lack of state income tax, and attractive lifestyle options. Indeed, Boomers make up 41% of Florida’s homeowners and, as Millennials age and the first Gen Xers approach retirement, the demand for housing in Florida will accelerate.
The demographic shift presents challenges and opportunities to accommodate Boomers’ housing needs and preferences. A 2021 AARP survey found that 77% of Americans over 50 plan to stay in their homes as long as possible, signaling a growing market for home modifications, expansions, and community-based support systems to aid aging in place. This choice to stay put lies heavily in favorable tax laws, current low-rate mortgages, and the desire to remain in familiar communities.
With what is described as “The Great Wealth Transfer,” Baby Boomers are passing an estimated $70 trillion to the next generation. This transfer includes wealth in cash and existing homes bequeathed to relatives.
Logic suggests an enormous lift in real estate demand and opportunities for the state. Yet that assumption implies a consistent perspective on real estate from generation to generation for which evidence may suggest otherwise. Shaped by impressionable events such as the Great Recession and volatility in housing values, Millennials approach real estate with more caution and lower overall expectations, choosing to allocate less in primary residences while diversifying more into other forms of investments.
Also among the distinctions may be desired home size. Boomers own twice as many large homes with three or more bedrooms as Millennials. This trend indicates a potential sharp rise in available larger home inventory as Boomers choose to relocate or pass and a question as to whether the next generation will have a similar appetite to absorb. If not, values may not trend with the overall rate of appreciation seen with smaller homes.
Further, as the top second home market in the country, the shift from one generation to another may also be felt in this housing category. While Baby Boomers viewed second homes as investments for retirement, a place for multigenerational family gatherings, and avenues to legacy building, there is evidence Millennials place greater value on flexibility and the thought of experiences in different locations made possible through renting rather than owning a resort property.
By 2030, all Boomers will be at least 65, presenting Florida’s real estate market with challenges and opportunities. This evolution will influence home sales, new construction development, and community planning across the state. Sheer demographic and wealth statistics strongly suggest Florida will continue to be a winner among states as it relates to real estate.
In the end, it may depend on whether children, despite their initial protests, become more and more like their parents when they age as so often we have discovered.
Budge Huskey is chief executive officer of Premier Sotheby’s International Realty.
Florida
Florida State recruiting: Georgia edge rusher Jaxon Holly commits to FSU over Auburn, Virginia Tech, Georgia
The Florida State Seminoles landed a verbal commitment from a defensive lineman today, as Jaxon Holly has decided to join #Tribe27.
Holly is a 6’3, 235 pound edge rusher who plays for Roswell High School in Georgia. 247Sports Composite currently has him as a three-star, ranked as the 611th best player nationally (52nd best Edge, 76th best player in GA). He holds three dozen offers and chose the Seminoles over fellow finalists Auburn and Virginia Tech, along with Alabama, Georgia, Indiana, LSU, Michigan, Ole Miss, and Texas A&M, among many others. He obviously wasn’t a priority for some of those programs but certainly was for the Tigers and Hokies. The Bulldogs were also in contention at one point.
Holly was limited to five games last season but still managed 32 tackles (seven for loss), 12 QB hits, two sacks, two pass breakups and a forced fumble. FSU’s edge rusher board has thinned considerably over the past month, and Holly represents a nice win for Nick Williams on the trail. He’s likely going to need at least one season in the weight room before meaningfully contributing, but the tools are there for Holly to be a solid rotational player.
2027 Florida State recruiting: Current commitments
USA TODAY Bestselling Author Grace Reilly recommends several restaurants in the Stuart and Port Salerno area.
USA TODAY bestselling author Grace Reilly next month will release her new book “Yes, Chef,” which was inspired by several Treasure Coast cities and restaurants.
The story is set in Diamond Bay, a fictional town meant to be a mashup of different cities from Fort Pierce to Hobe Sound.
A disgraced chef, Jack, returns to his hometown to take over the restaurant his late mentor left him. To revive the restaurant, he teams up with a social media influencer, Poppy, the daughter of his ex-boss.
Since the story was inspired by local restaurants, TCPalm asked Reilly about her favorite restaurants, and here are her recommendations.
Grace Reilly’s Treasure Coast restaurant recommendations
- District Table and Bar, Port Salerno: “With a menu that changes regularly, going to District is always an adventure,” Reilly said. “It’s my absolute favorite restaurant and the first place I think of when I need somewhere to celebrate a birthday or milestone. I imagine Fable, Jack and Poppy’s restaurant, as having that same spirit and flair for experimentation.”
- Hudson’s on the River, Stuart: “When I think of a classic coastal Florida restaurant, this comes to mind immediately,” she said. “Delicious seafood, a fun, bright atmosphere and excellent drinks. No meal there is complete without their deconstructed coconut cream pie.”
- Sailor’s Return, Stuart: “The restaurant that provided so much inspiration for ‘Yes, Chef,’ ” she said. “The location in Sunset Bay Marina in downtown Stuart is beautiful and the food is classic. It’s right by Gilbert’s Coffee Bar, my favorite coffee shop.”
- Fantini’s Italian Restaurant, Stuart: “As a former New Yorker, I have lots of opinions about pizza. Fantini’s is actually New Haven-style, but hands down the best slice I’ve gotten so far on the Treasure Coast,” she said. “Pizza Fridays are an institution for my family. I adore their A La Vodka pizza, as well as a classic sausage and black olive combo.”
- The Gafford, Stuart: “An absolute gem in downtown Stuart,” she said. “It brings classic Southern vibes with South Floridian flair. Their specials are always unique and delicious and the atmosphere is lovely.”
Olivia Franklin is TCPalm’s trending reporter. You can contact her at olivia.franklin@tcpalm.com, 317-627-8048 or follow her on X @Livvvvv_5.
LAKE WORTH BEACH, Fla. (CBS12) — A Lake Worth Beach jewelry store owner is seeking justice after detectives say a trusted employee stole $150K in merchandise and later left the country.
Officers with the Boynton Beach Police Department say 46-year-old Zabrina Herrera Acosta, who was arrested on Friday, managed to pawn at least 126 jewelry items between February and November of 2025, netting nearly $87,000.
The victim told deputies she hired Herrera Acosta in February 2025 at YR Jewelry on South Military Trail.
Because the owner was attending to a family matter, she was unable to be at the store as often as usual and trusted Herrera Acosta to handle the store’s inventory.
Investigators say that trust was deeply abused when Herrera Acosta intentionally stole items while hiding in a known surveillance blind spot.
See also: World Cup fans gather outside Palm Beach resort amid Ronaldo rumors
The owner did not report the thefts immediately because she confronted Herrera Acosta, who begged for time to pay her back.
However, after learning that her former employee had left the country for Panama, the owner realized she was never going to see her money or gold again.
When Palm Beach County Sheriff’s Office detectives stepped in, they uncovered a massive paper trail consisting of 58 separate pawn tickets stretching from Palm Beach to Broward County.
Pawn shop employees told detectives that Herrera Acosta presented herself as a business owner who sold jewelry for a living. For every transaction, she provided her Panama passport, signed a declaration stating she legally owned the jewelry, and left a fingerprint.
By the time detectives tracked down the shops, only 13 of the 126 items remained in stores, nine of which the owner positively identified as her stolen property.
The store owner later provided detectives with a video recording of their final phone conversation in Spanish, where Herrera Acosta reportedly confessed to the thefts, admitted to selling the jewelry for less than retail value, and promised to pay her back using her grandmother’s gold.
An arrest warrant was signed on January 23, and Herrera Acosta was arrested on Thursday for Organized Scheme to Defraud over $50,000, Grand Theft over $100,000, 29 counts of Dealing in Stolen Property, and 29 counts of False Verification of Ownership to a Pawnbroker.
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