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California and NYC Exodus Fuels Florida’s Luxury Real Estate Boom Amid Property Tax Debates

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Florida Real Estate Market

Florida’s Luxury Real Estate Market Soars with Multi-Million Dollar Sales and Listings

December 19, 2025
Florida luxury mansion with waterfront view.
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Florida’s high-end real estate market continues to demonstrate robust activity, with several significant luxury home sales and new listings capturing attention. From waterfront mansions in Miami to expansive estates on the Gulf Coast, the state is attracting ultra-wealthy buyers seeking opulent properties and exclusive lifestyles.

Key Takeaways

  • A $78 million Miami mansion, previously owned by oil trader Mark Fisher, has been relisted.
  • A $75 million oceanfront property in Manalapan, adjacent to Larry Ellison’s estate, is now available as land with custom build options.
  • The most expensive home sale on Florida’s west coast outside Naples was a $30.3 million cash transaction for the "Serenissima" estate on Longboat Key.
  • The Treasure Coast saw its most expensive home sale in August for $16.5 million on Jupiter Island.

Miami’s Booming Luxury Scene

In Bal Harbour, a $78 million waterfront mansion owned by oil trader Mark Fisher has reappeared on the market. This expansive 21,927-square-foot residence boasts nine bedrooms, 11 bathrooms, and soaring 42-foot ceilings. The property features a rooftop terrace with panoramic views, a home theater, a basketball court, and two heated saltwater pools. Fisher is reportedly trading up for a larger family compound nearby, highlighting the demand for even more substantial estates in the area.

Manalapan’s Prime Oceanfront Offering

Adjacent to Oracle billionaire Larry Ellison’s estate, a four-acre oceanfront property in Manalapan has hit the market for $75 million. Originally planned as a $285 million megamansion, the developer Stewart Satter is now offering the land with the option to purchase plans for a 55,000-square-foot custom home. This move reflects a trend where buyers prefer to design their own bespoke estates, drawn by Manalapan’s limited inventory and exclusive coastal setting.

Longboat Key Sets New Record

The Venetian-style estate known as "Serenissima" on Longboat Key has set a new record for the most expensive home sale on Florida’s west coast outside the Naples market, fetching $30.3 million in an all-cash transaction. The 19,300-square-foot mansion, featuring hand-painted murals, marble hallways, and a chef’s kitchen, sold just 25 days after being listed for $35 million. This sale underscores Sarasota’s growing prominence in the luxury real estate landscape.

Treasure Coast Highlights

On the Treasure Coast, the most expensive home sale in August was a $16.5 million beachfront property on Jupiter Island. This concrete and steel constructed home is described as a "masterpiece of modern design." Other notable sales in the region included a $5.895 million home in Vero Beach and a $2 million sale in St. Lucie County, indicating a broad range of high-value transactions across different counties.

[link-whisper-related-posts]

Sources

  • Exclusive | Oil trader Mark Fisher re-lists $78M Miami mansion, New York Post.
  • Most expensive home sales, luxury homes, mansions, Treasure Coast News.
  • South Florida luxury oceanfront land next to Larry Ellison’s home hits market for $75M, Fox Business.
  • This Longboat Key Home Just Sold for $30.3 Million—Cash, Sarasota Magazine.

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