Property located northeast of Santa Fe, New Mexico The large estate that the late Gene Hackman and wife Betsy Arakawa called home in the Santa Fe area could be worth millions if it hits the market. The 12-acre property is located northeast of Santa Fe, the capital of New Mexico. In late February, police discovered the actor and his wife, a classical pianist, deceased. They were ages 95 and 65, respectively, at the time of their deaths. A realtor recently told the Daily Mail the Hackman property could go for $5 million should it get listed. The agent said the home "is big, stylish and has great bones, so there will be interest." Its ties to a Hollywood star could help its price, according to the outlet. The sprawling Santa Fe property has two homes on it, one of which existed when Hackman bought it and another he built about 25 years ago, Realtor.com reported in February. The actor told Architectural Digest in 1990 that he put the property’s original home through a significant revamping. He turned to architects Harry Daple and Stephen Samuelson for that endeavor, according to the outlet. "Because Hackman and Arakawa were so fiercely private about their home life, it’s difficult to know exactly how many updates and upgrades they made to the property during the 20-plus years that they lived there," Realtor.com executive editor Charlie Lankston told FOX Business on Thursday. "In 1990, Hackman revealed he had made extensive changes to the home, which was in a state of disrepair when he purchased it," Lankston said. "In 2000, he built another home on the same land, and in the 25 years since then, he’s added a number of external structures, including the garages where rodent activity was discovered. There were only four bedrooms and one bathroom in the home when Hackman bought it. However, he and his wife added many more rooms during their ownership, all of which would add to the value." The massive renovation that Hackman detailed in 1990 involved tearing down walls, creating a living area and making the ceilings significantly taller, according to Architectural Digest. The actor reportedly incorporated multiple styles, such as Pueblo, colonial New Mexico and Spanish Baroque, into the home during the remodel. Lankston said estimates have put the home’s value "anywhere between $3.8 million and $4.5 million, with many headlines placing it at $4 million exactly." The Santa Fe ranch has belonged to Hackman since the 1980s. New Mexico officials said Arakawa died around Feb. 12 and the Oscar-winning actor passed about a week after her. Her cause of death was the result of hantavirus pulmonary syndrome. Hackman died of hypertensive atherosclerosis cardiovascular disease with Alzheimer’s disease as a contributing factor, Fox News Digital previously reported. The New Mexico Department of Public Health found dead rodents and nests in eight detached outbuildings on the couple’s estate during an assessment in early March. "When it comes to putting an asking price on the home, the couple’s death should not have an impact," Lankston told FOX Business, noting factors like home size, acreage, condition, amenities and decor are typically used to determine that. "While the home’s connection to Hackman and Arakawa’s passings may impede its ability to sell, I would not expect it to negatively impact the price initially," he said. "It’s also highly likely that many prospective buyers will not be turned away by the fact that its former owners passed away there. If anything, I think the huge public scrutiny over the future of the home may be the biggest deterrent." That, he said, could make some privacy-focused buyers less interested in it if it went on the market. Homes within the same ZIP code as Hackman’s ranch varied in value. Asking prices in the area ran the gambit from $70,000 to $19.5 million, data on Realtor.com’s website showed. In March, homes in the ZIP code had median prices of $893,000 and square footage of 1,700, Realtor.com Senior Economic Research Analyst Hannah Jones told FOX Business. "The median listing price per square foot in this ZIP was 528 in March 2025, which would translate to a listing price around $4 million for the Hackman home," she said. A nearly 11,500-square-foot house with a 3.41-acre lot up for sale not far from the Hackman property carried a $7.5 million asking price, a listing on Zillow showed. A private funeral service for Hackman and Arakawa was held recently, People reported on April 15.

The Jupiter Island home comes with 200 feet of waterfrontage on the Intracoastal A mansion that reportedly has a past connection to Microsoft cofounder Bill Gates has gone up for sale in South Florida. The seller is seeking a whopping $23.5 million for the nearly 9,500-square-foot waterfront home on Florida’s Jupiter Island, its listing held by Susan Hemmes of ONE Sotheby’s International Realty showed. Inside the massive U-shaped home, there are a total of four bedrooms and seven full bathrooms. Its "expansive" master suite comes replete with "separate master bathrooms" and custom closets, the listing said. It even has its own bar. The home touts an open floorplan with "grand living spaces" geared towards entertaining guests, it said. Its home office features built-in bookshelves and extensive wood paneling. The mansion also includes an indoor pool and heated spa in a massive room featuring many windows that let in the Florida sunshine, photos showed. The listing reported the home has a "whole-house speaker system and Lutron lighting control system" installed. The property "offers the ultimate in luxury living, complete with direct access to the water, a private dock with a lift, and sweeping views that promise tranquility and elegance," per the listing. Its boat lift can accommodate up to 30,000-pound boats, according to the listing. The large property boasts 200 feet of waterfront on the Intracoastal Waterway. That waterway that runs some 3,0000 miles along the Atlantic coast. Its outdoor amenities also include a sizable patio. Its landscaping features paspalum grass. There is a SWAT Mosquito system to repel pesky insects, per the listing. The waterfront property is extremely private, with three sides bordering no neighbors. The home has space for a total of eight vehicles in its garage. For electric vehicles, it also has its own charging station. The seller has owned the Jupiter Island home since 2018, when they bought it from Front Range Investment Holdings LLC, property records showed. Mansion Global reported Gates, who cofounded Microsoft about 50 years ago, is linked to that LLC that previously owned it. The entity had ownership of the home for about nine years, per property records. The listing described the overall property as a "rare gem in one of the most coveted locations along the Intracoastal." Jupiter Island is a barrier island. About 820 people live there year-round, according to the town’s website. It has 3.4 miles of beaches, VisitFlorida reported.

Another Sunny Isles Beach condo worth $9.6 million is linked to the Macedo family, according to a report The wealthiest religious broadcaster in the world is looking to offload his luxury condo in Florida. The beachfront residence of Brazilian billionaire televangelist Edir Macedo in the ultra-exclusive Porsche Design Tower Miami is now listed for just under $14.6 million after a price cut, according to public real estate records. Macedo, founder and bishop of the Igreja Universal do Reino de Deus (Universal Church of the Kingdom of God), is no stranger to lavish living or controversy. His net worth is estimated at $1.8 billion, ranking him 1,901st on Forbes' real-time billionaire index. By comparison, Kim Kardashian's net worth is $1.7 billion. PALM BEACH, THE WALL STREET OF THE SOUTH, HAS A HOT LUXURY REAL ESTATE MARKET The Porsche Design Tower, a $560 million architectural marvel completed in 2017, is famous for its car elevators that transport luxury vehicles directly into private condo garages. In 2013, The Real Deal reported that "nearly two dozen of the homes — 22 — under contract will belong to billionaires." The tower has a mandatory homeowners association with monthly fees ranging from $4,277 to $12,069. Macedo’s neighbors over the years have included international celebrities like Lionel Messi, Colombian pop star Maluma, Mexican actress Thalía and Andrea Romanello Ferdinand, daughter of Patrick Romanello, who The New York Times reported was "alleged to be an associate of the Bonanno crime family." But the Florida condo might not be the only real estate Macedo’s family holds in the U.S. According to a property intelligence database reviewed by watchdog group the Trinity Foundation, another Sunny Isles Beach condo worth $9.6 million is linked to the family. Yet, according to the Trinity Foundation's research, the Miami-Dade County property appraiser lists only a shell LLC as the owner with no names publicly attached. The Trinity Foundation, a nonprofit that investigates religious fraud, has long tracked Macedo’s financial activities. "Macedo’s empire includes media companies, banking interests, and international real estate," the group noted, citing his control of Brazil’s Record TV network and Banco Renner. The Universal Church isn’t just active in Brazil. It operates worldwide, including in Portugal, Mexico and the United States. The church even built a modern version of Solomon’s Temple in São Paulo, Brazil. Despite its clear wealth and power, the church's "Contact Us" page on its U.S. website claims "the Universal Church does not provide financial aid programs." Their 24/7 livestream available on the Universal Church's website currently offers "Blessed Water" for sale, which purports to heal everything from depression to cancer. According to the Trinity Foundation, the organization also owns four private jets and a helicopter, assets rarely seen in the nonprofit religious world. Macedo’s empire has had legal troubles. In 2008, he and nine of his associates were charged in Brazil with laundering roughly $2 billion. As reported by The Associated Press, "The church allegedly used fake companies to launder the money, moving the assets abroad and then returning them in the form of loans used by Macedo and his accomplices to buy businesses, prosecutors said." Brazilian courts ultimately did not convict Macedo or his co-defendants. More issues surfaced in 2019, when authorities in Angola charged four leaders of Macedo’s church with financial crimes, including money laundering. According to Ver Angola, the fallout led to the expulsion of 22 Brazilian church members by Angolan immigration officials.

Florida is experiencing a housing affordability crisis and high insurance rates Florida's real estate market has been hammered by high home prices and surging insurance costs. Home values nationwide are also expected to rise modestly this year, adding to the current affordability crisis in the state, according to a recent report. But despite the uptick in prices, at least three cities in Florida are projected to see a decline, according to a report from Realtor.com, which cited real estate analytics company Cotality. HOW ELIMINATING PROPERTY TAXES IN FLORIDA COULD AFFECT THE STATE'S REAL ESTATE MARKET Those cities, Tampa, Winter Haven and West Palm Beach, have a 70% chance of seeing prices fall, according to the real estate analytics company. The report categorized them at "very high risk" of price declines, underscoring how the market is adjusting after a run-up in prices in recent years due to soaring demand. Migration to the state has since slowed. High home prices, rising mortgage rates and increasing insurance costs have significantly dampened buyer demand since 2022, according to Hannah Jones, senior economic research analyst at Realtor.com. Insurance costs in many parts of the state have jumped due to the risk of property damage from a climate-related event. ValuePenguin — a personal finance website and a subsidiary of LendingTree — reported that homeowners in Florida pay some of the highest rates in the country, with the average cost of home insurance sitting at $2,207 per year. "Piling expensive insurance costs on top of still-high home prices and elevated mortgage rates has pushed the cost of homeownership in Florida out of reach for many would-be buyers," Jones said. "Last year's catastrophic weather events in Florida may remain front-of-mind for home shoppers, which could lead them to consider other places to put down roots." As residents face so much financial strain, Florida Gov. Ron DeSantis hinted on social media that he would support abolishing such taxes throughout the Sunshine State, but that it would require a constitutional amendment. "Property taxes are local, not state. So we’d need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them…" DeSantis posted on X. Meanwhile, Jones said that inventory has built up significantly across Florida "as newly built residences worked their way through the pipeline." This could be a good sign for prospective buyers as "ample for-sale inventory relative to buyer demand suggests that home prices will continue to fall as sellers try to attract buyer attention." Jones said that home prices will likely continue to level off as the market searches for balance, but since Florida is a large housing market, it will take time for dynamics to shift.

Housing costs, including insurance rates, in the US have continued to rise 'Mansion Global' host Katrina Campins on whether she sees a housing market 'crash' on the horizon and one midwestern city seeing a market boom. Florida Gov. Ron DeSantis hinted on social media that he would support abolishing such taxes throughout the Sunshine State, but that it would require a constitutional amendment. Joel Berner, senior economist at Realtor.com, said that it could benefit Florida's market in the short term by helping to resolve the buildup of inventory. Easing the burden of property taxes could alleviate some of the strain on homeowners who have been grappling with high housing costs, including skyrocketing insurance rates, and encourage more people to move, according to Berner. Berner said that now there are a higher number of unsold homes and homes taking longer to sell compared with years past due to affordability concerns. People who were locked into low mortgage rates for several years are finally looking to move, but the demand isn't where it was compared with a few years ago when the state had a hot housing market. SEVERAL STATES SEEK END TO PROPERTY TAXES: SHOULDN'T HAVE TO 'RENT FROM THE GOVERNMENT' "Getting rid of property taxes would essentially increase everybody's home budget a little bit and allow people to buy a first home or buy a move-up home, or buy their dream home that maybe they couldn't afford before because it's a property tax," Berner said. However, this would effectively raise buyers' budgets and cause a bit of a demand surge, driving prices up in the short term, he said. This move could also negatively impact communities in the long run. "If locally-levied property taxes are replaced with an increased state-level sales tax, there will be less local control for cities and school districts to raise their own tax revenue in a way that meets their specific needs," Berner said. PA REPUBLICANS SEEK TO LEVY ILLEGAL IMMIGRANT REMITTANCES TO FUND PROPERTY TAX RELIEF He said different municipalities have different requirements, and "a blanket tax revenue at the state level would be less specialized than property taxes for those requirements." Chen Zhao, economic research lead at real estate brokerage Redfin, said there would be "knock-on effects of eliminating property taxes." For example, Zhao said buyers could "perceive that local services, such as schools, would suffer as a result," which "would also dampen the benefits of eliminating property taxes." Zhao and Berner said it is also still unclear how the state would raise revenue in replacement of property taxes. If the state offsets it by raising sales taxes, for instance, that "might also be off-putting to potential migrants to Florida," Zhao said. Still, the issue of high insurance costs remains. "If the cost of insurance due to intensifying climate risks is high enough to offset the property tax savings, buyers may still hesitate to buy in Florida," Zhao said. But Florida isn't the only state considering plans to abolish property taxes. Fiscally conservative leaders in several states are looking to do so, with one Pennsylvania lawmaker arguing that homeowners shouldn’t have to "pay rent" to the government. "Property taxes are an issue that is not exactly partisan, because in some areas, it’s more of a big deal than in others," Rep. Russ Diamond, R-Lebanon said, citing varying relationships between taxes and school district funding. "For me, the ‘big deal’ is that I want people to own their homes and not have to rent from the government, all across Pennsylvania," he said.