Florida’s luxury real estate market is experiencing a significant boom, characterized by a surge in high-value sales and strategic expansions by prominent brokerages. Despite broader economic uncertainties, the high-end segment, particularly properties exceeding $10 million, demonstrates remarkable resilience and continued strength. This robust performance is attracting significant investment and solidifying Florida’s status as a prime destination for ultra-high-net-worth individuals.
Key Takeaways
- The luxury real estate market in Florida, especially for properties over $10 million, is exceptionally strong.
- All-cash transactions are prevalent in the high-end market.
- New brokerages are expanding their presence, with Christie’s International Real Estate making significant moves in Northeast Florida.
- While some segments of the market face challenges, the ultra-luxury sector remains a bright spot.
South Florida’s High-End Dominance
South Florida, encompassing Miami-Dade, Broward, and Palm Beach counties, is leading the charge in ultra-luxury home sales. As of July 2025, there have been 262 sales of homes priced at $10 million and above. Projections indicate this could reach 426 by year-end, nearing the record set in 2022. Miami is particularly attractive to ultra-high-net-worth individuals, driving demand for premium properties. In contrast, the broader condo market in Miami-Dade and Broward counties has seen a decline in sales and median prices, partly due to rising association fees and the ongoing impact of new condo safety regulations.
Treasure Coast Luxury Sales
On the Treasure Coast, August saw significant high-value transactions. The most expensive sale in Martin County was a $16.5 million beachfront home on Jupiter Island. St. Lucie County’s top sale reached $2 million, while Indian River County’s most expensive home sold for $5.895 million. These figures highlight the continued demand for premium coastal properties in these regions.
National Trends and International Interest
Nationally, the luxury real estate market remains resilient in 2025, with homes priced above $10 million consistently seeing strong demand. All-cash deals are the norm, with buyers favoring turnkey properties and strategically priced listings. Limited inventory in top-tier markets continues to fuel competitive bidding. Furthermore, international interest is on the rise, partly due to investment visa programs that encourage foreign capital into the U.S. real estate market. South Florida and Los Angeles are noted as key areas attracting these investments.
Christie’s International Real Estate Expands in Northeast Florida
Christie’s International Real Estate has significantly bolstered its presence in Northeast Florida with the addition of First Coast, a prominent brokerage that achieved nearly $1 billion in sales volume in 2024. Founded by Corey Hasting, a former NFL prospect, First Coast brings approximately 130 agents and six offices across the Jacksonville metro area to the luxury network. This strategic move positions Christie’s to capitalize on the growing luxury segment in Jacksonville, where properties ranging from $1 million to over $20 million are commanding significant attention. The expansion is expected to leverage Christie’s global network and marketing capabilities to further enhance its reach in the region.
Key Takeaways
- South Florida real estate July trends: luxury leads, Miami Herald.
- Most expensive home sales, luxury homes, mansions, Treasure Coast News.
- Luxury Market Stronger Than Ever, | Florida Realtors.
- $1B Florida Firm And Former NFL Prospect Join Christie’s Real Estate, Inman.
- Christie’s International Real Estate Adds $1B Luxury, GlobeNewswire.