Florida’s luxury real estate market has cemented its dominance, with the state accounting for a significant portion of the nation’s most high-profile home sales in December. The Sunshine State’s appeal to high-net-worth individuals continues to drive unprecedented transaction values, highlighted by a colossal Miami estate sale.
Key Takeaways
- Florida led the nation in luxury real estate transactions in December.
- A Miami estate linked to Google co-founder Larry Page fetched $101.5 million, the month’s top sale.
- Six of the top 10 most expensive U.S. home sales in December were in Florida.
- Florida properties represented half of the top 10 most expensive sales nationwide for 2025.
A Record-Breaking December
Coastal Florida emerged as the epicenter of the nation’s most expensive home sales in December. Leading the charge was a sprawling Biscayne Bay compound in Coconut Grove, reportedly purchased by Google co-founder Larry Page for $101.5 million. This waterfront property, spanning 4.5 acres, was formerly owned by the late restaurateur Jonathan Lewis and marks the fourth-priciest U.S. home sale of 2025.
Real estate experts note that such high-value transactions recalibrate entire neighborhoods. "When a billion-dollar-level buyer makes a move like this, it tells you everything you need to know: Miami is the upgrade. It’s both a lifestyle play and a financial strategy," commented Dina Goldentayer of Douglas Elliman. The $7,000 per square foot valuation seen in this deal is becoming a benchmark in exclusive Miami enclaves.
Palm Beach and Beyond
Following the Miami sale, two properties in Palm Beach secured the second and third spots for December’s priciest sales, closing at $97.5 million and $66.1 million, respectively. Both these estates also ranked within the top 10 most expensive U.S. home sales for 2025.
Overall, Florida’s luxury market significantly outpaced other major markets like Manhattan, the Bay Area, and the Lake Tahoe region in December. The state’s appeal is further underscored by the fact that six of the top 10 most expensive sales nationwide for the entirety of 2025 were located in Florida.
Continued Inbound Interest
Agents specializing in South Florida’s luxury market report sustained interest from buyers relocating from California and the Northeast. Key demands include privacy, security, and turnkey waterfront or estate properties. "More showings with high-net-worth buyers, more off-market conversations," noted Michael Martinez, a top agent with ONE Sotheby’s International Realty. "And buyers [are] moving faster when a truly irreplaceable property becomes available."
This trend indicates that Florida’s allure for luxury real estate investment remains exceptionally strong, driven by a combination of lifestyle, financial strategy, and the availability of unique, high-value properties.
Sources
- Florida dominates December’s most expensive luxury home sales across US, Fox Business.
- Florida Dominated December’s Luxury Real Estate Market, Weekly Real Estate News.