Miami Real Estate Market Update October by the Marilyn Cromer Team

Miami Real Estate Market Update October by the Marilyn Cromer Team

  • 10/6/25

BUYERS TAKE THE LEAD

The tables have turned. Miami now leads the nation as the #1 buyer's market with 9.7 months of housing supply and home values down 4.9% year-over-year. Over 20% of listings have price cuts, homes sit 65+ days on market, and buyers finally have negotiating power. If you've been waiting for your moment, this is it. The Marilyn Cromer team knows exactly how to leverage this shift in your favor. 
Source: Realtor.com, Zillow

 

South Florida Insider

Seaquarium Set to Close for Major Redevelopment Plan

The Miami Seaquarium will close under a proposed redevelopment plan by Terra Group to transform the site into a marina, restaurant village, conservation center, and modern aquarium focused on education and public access to Biscayne Bay.

DESANTIS PUSHES 2026 PROPERTY TAX BALLOT MEASURE

Florida lawmakers are debating major property tax cuts, but with billions in local revenue at stake, no plan or consensus has emerged. A 2026 ballot measure is being pushed, though the idea is still stuck in committee.

BARNES & NOBLE OPENS
IN PALMETTO BAY

Barnes & Noble opened a new store at the Colonial Palms 
Plaza last month as part of their significant expansion in Florida and nationwide.

SUPERHUMAN MUSEUM APPROVED FOR LINCOLN ROAD

Miami Beach’s Planning Board unanimously approved the Superhuman Museum, an immersive art experience featuring works from Picasso to Warhol, set to replace the Regal Cinema this fall.

UPGRADES UNDERWAY AT PINECREST’S VETERANS WAYSIDE PARK

Construction began in August on a $375K project that will add a new playground, ADA-compliant paths, native landscaping, and stormwater features, with completion expected in early 2026.

SPROUTS PROPOSED FOR SOUTH MIAMI SHOPPING CENTER

A 23,500-square-foot Sprouts is on the table for South Miami’s Dixie Highway retail center, with the project now under city review.

New Aquatics Center at Alper JCC

The Alper JCC Miami opened a new Aquatics Center this summer, featuring a fully renovated pool and splash pad, Herschel's Splash Island.

Wall’s Ice Cream closure

After 20 years, Wall’s closed its original South Miami shop. Luckily, the Sunset location (9521 SW 72nd St.) remains open and the team is scouting a new South Miami replacement.

 

DINING OUT

LA SPONDA

Coconut Grove

From the creators of Daniel's Steakhouse, this coastal Italian restaurant is opening in 2026 at Vita at Grove Isle, offering waterfront dining with seasonal Mediterranean-inspired dishes and stunning Biscayne Bay views.

AIKO COCONUT GROVE

Coconut Grove

This buzzy takeout spot transforms from Aiko by day (serving Japanese sandos and sushi boxes) to Mumu by night (an immersive Asian bistro), but expect long lines and frequent sellouts.

AVA
MEDITERRAEGEAN

Coconut Grove

This November, indulge in lobster pasta and wood-grilled branzino, and truffle cream spaghetti, with tableside flair that channels Greece—all from the restaurant group behind MILA Miami Beach.

BASILICO RESTAURANTE

Coral Gables

This authentic Northern Italian restaurant recently expanded to the Gables, bringing its signature linguini frutti di mare and extensive wine list to Ponce de Leon Boulevard.

SAN LORENZO RISTORANTE

Little River

This no-menu Italian waterfront spot asks just one question, "carne o pesce?" before delivering a $140 prix fixe experience for two with surprise courses crafted by the chef.

3 New Grove Restaurants

Coconut Grove

Three new concepts—Chuggie’s, Drinking Pig BBQ, and Mae’s Room—are set to open this fall at Courtyards at Grove Village, bringing BBQ, burgers, and cocktails to the Grove.

 

 

THIS HALLOWEEN, SLAY AS
a FAMILY—CUTE, CREEPY & SO 2025

🖤 1. Addams Family (Modern Glow-Up)
Timeless, spooky, chic. Deadpan stares encouraged.

🩸✨ 2. K-pop Demon Hunters
Sparkly stage looks + swords = anime meets arena tour. 

🌮 3. Food Truck Family
Be your fave street foods. Turn a wagon into a glowing food truck for extra flair. 

🧙 4. Harry Potter Crew
Hogwarts robes, wands, floating candles—always a hit. Mix classics with fun twists like mini Dobby or snitch stroller. 

💚💖 5. Glinda & Elphaba
Wicked twist on Oz. Glitter, green paint, and supporting 
cast required. 

🧡✨ Whether you’re slaying demons or just sweeping up glitter, make it magical. Happy Haunting!

 

HALLOWEEN HAPPENINGS

SoMi Second Saturdays
night Market: country night

SW 73rd Street & SW 58th Avenue, South Miami
October 11 | 5:30 PM – 9:30 pm

SoMi Second Saturdays returns with Country Night, live music, line dancing, local vendors, food, and drinks—turning SW 73rd St & 58th Ave into a lively night market.

PINECREST ZOMBIE RUN

Evelyn Greer Park, Pinecrest
October 18 | 4:30 PM check-in, 6:00 PM run

Test your survival skills dodging zombies on a thrilling 2-mile adventure featuring a 40-foot zombie maze, photo booth, and costumes encouraged.

LASER EVENING

Phillip and Patricia Frost Museum of Science,
1101 Biscayne Blvd, Miami
October 24 | 7 PM – 11 PM

Back-to-back laser shows themed for Halloween and set to iconic music under Frost Planetarium’s massive dome.

PINECREST HALLOWEEN OPEN

Evelyn Greer Park, Leslie Bowe Hall, Pinecrest
October 25 | 10 AM – 4 PM

The spookiest chess battles of the year are here! Costumes, candy, and plenty of chess tricks & treats. Register at southmiamichessclub.com to be part of the Halloween chess magic.

Zoo Boo at Zoo Miami

Zoo Miami, 12400 SW 152 St., Miami
October 25 & 26 | 10 AM – 3 PM

Toddler-friendly trick-or-treating, costume contests, magic shows, inflatables, music, and Halloween fun for the whole family.

Howl-o-ween Pawrade

1009 E Ponce De Leon Blvd., Coral Gables, 33134
October 29 | 5:30 PM – 8:30 PM

Pups of all sizes will strut their stuff at the Howl-O-Ween Pawrade, a festive costume contest and parade supporting Miami-Dade Animal Shelter.

NIGHTMARE ON 405

War Memorial Youth Center, 405 University Dr., Coral Gables
October 31 | 6:30 PM – 9:30 PM

Haunted gym experience with spooky walk-throughs and jump scares—recommended for ages 5 and up.

13th Annual Vintage Auto Show

Deering Estate, 16701 SW 72nd Avenue, Palmetto Bay
November 2 | 10 AM - 3 PM

Stroll the scenic grounds of the Deering Estate among dozens of rare classic cars, hands-on outdoor activities. Advance ticket reservations required.

 

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