Miami Tops U.S. Luxury Real Estate Market With Most Expensive Home Sales
South Florida dominates America’s high-end real estate market – and a new report reinforces our reputation as a billionaire’s playground.
Miami Metro was the top three most expensive sales in the United States last month, according to Redfin.
Why this is important: Despite growing threats of climate change, natural disasters and rising insurance costs, South Florida remains a magnet for the rich, Redfin found.
Zoom does not: The most expensive home sale in February was a $49 million estate in Manalapan, the wealthy village south of Palm Beach.
Shock: The most expensive listing in the United States today, as of last week, is a $285 million complex across the Atlantic Ocean and the Intercostal waterway, also in Manalapan.
The project that has not yet been built will include a main eight-bedroom Intercostal home and a smaller beach house connected by a tunnel that crosses South Ocean Boulevard, according to Palm Beach Daily News.
The four-acre complex – adjacent to Oracle’s billionaire-founder Larry Ellison’s property – will include a private pier, a range and a private car museum, according to the registry.
According to the numbers: Palm Beach County won four of the most expensive February sales in the U.S., and locked in the top three with a $48 million mansion in Jupiter and a $40 million mansion in Palm Beach Billionaires Row.
Miami Beach reached 5th place with a $35.6 million seaside residence on the Baltos del Mar and 10th place with Allison Island excavations worth $31 million.
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