By Gay Cororaton, MIAMI REALTORS Chief Economist
Key takeaways
- The luxury price thresholds rose in all markets, with the top 1% (uber-luxury threshold) rising to $10.4 million in Miami-Dade County.
- In 2025, the share of million-dollar single-family homes amounted to $24.1 billion, accounting for a phenomenal record-breaking share of 55% of total dollar volume.
- In the million-dollar condominium/townhome market, over 70% of sales were all-cash.
Download the 2025 Southeast Florida Luxury Market Report HERE.
Southeast Florida’s million-dollar market continued to outperform the overall market in 2025, gaining market share and setting record levels for luxury and uber-luxury price thresholds. A robust job market, a resurgence in out-of-state migration, a rebound in international home buying activity, and the wealth inflow from upper-end buyers making all-cash purchases are sustaining the momentum in the million-dollar luxury market.
In 2025, the share of million-dollar single-family homes amounted to $24.1 billion, accounting for a phenomenal record-breaking share of 55% of total dollar volume. The dollar volume of million-dollar home sales rose 10.7%, outpacing the overall increase of 5.2%. The share of million-dollar homes to the total dollar volume rose to record levels in Palm Beach County (65%), Miami-Dade County (63%), Martin County (55%), Broward County (43%), and St. Lucie County (8%).
The price thresholds for single-family luxury homes (top 5% threshold) and uber-luxury homes (top 1% threshold) climbed to record highs in 2025 in the counties of Miami-Dade, Broward, Palm Beach, Martin, and St. Lucie. There were 323 sales of single-family homes $10 million or higher compared to last year’s 275 sales.
The million-dollar condominium/townhome market is mainly a cash market, with over 70% of sales purchased as an all-cash sale: Miami-Dade County (70%), Broward County (71%), Palm Beach County (86%), Martin County (87%), and St.Lucie County (95%). The prevalence of cash buyers is a solid indicator of the positive outlook of homebuyers and investors in Southeast Florida’s condominium market.
Miami-Dade County Single-family Uber-Luxury Threshold Rose to $10.4 Million in 2025
In Miami-Dade County, the luxury threshold rose to $3.4 million while the uber-luxury threshold rose to $10.4 million. There were 114 sales of $10 million or more, the second highest on record (153 in 2021), up from 31 sales in 2019. Based on $10 million or more sales, the top luxury markets were Miami Beach (45 sales), Coral Gables (22 sales), and Miami (19 sales). In Miami Beach, the luxury price threshold in 2025 was $27.5 million and the uber-luxury price threshold was $45.6 million. The top uber-luxury market in Miami-Dade was Bal Harbour with a threshold price of $69.5 million. The most expensive sale that broke records since 2019 was a $101.5 million sale of Banyan Ridge in the Coconut Grove neighborhood of the city of Miami.
Broward County Single-family Uber-Luxury Threshold Rose to $4.8 Million in 2025
In Broward County, the luxury threshold rose to $2.0 million while the uber-luxury threshold rose to $4.8 million. There were 52 sales of $10 million or more, a record level, up from six sales in 2019. Based on $10 million or more sales, the top luxury markets were Fort Lauderdale (36 sales) and Hillsboro Beach (10 sales). In Fort Lauderdale, the luxury price threshold in 2025 was $4.7 million and the uber-luxury price threshold was $10.3 million. The top uber-luxury market in Broward County was Hillsboro Beach with a threshold price of $27.1 million. The most expensive sale in Broward County in 2025 was a $97.5 million home in Delmar Place, Fort Lauderdale, although it did not beat last year’s record sale of a $140 million home on Harborage Isle in Fort Lauderdale.
Palm Beach County Single-family Uber-Luxury Threshold Rose to $11.0 Million in 2025
In Palm Beach County, the luxury threshold rose to $3.5 million while the uber-luxury threshold rose to $11.0 million. There were 141 sales of $10 million or more, a record level, up from 37 sales in 2019. Based on $10 million or more sales, the top luxury markets were Palm Beach (50 sales), Jupiter (24 sales), and Boca Raton (22 sales). In the town of Palm Beach, the luxury price threshold in 2025 was $39.1 million and the uber-luxury price threshold was $55.1 million. The top uber-luxury market in Palm Beach County was Manalapan with a threshold price of $66.1 million. The most expensive sale in Palm Beach County in 2025 was a $97.5 million home in Old Harbour Road, North Palm Beach although it did not beat last year’s record sale of a $152 million home on Tarpon Isle in the town of Palm Beach.
Martin County Single-family Uber-Luxury Threshold Rose to $8.3 Million in 2025
In Martin County, the luxury threshold rose to $3.1 million while the uber-luxury threshold rose to $8.3 million. There were 15 sales of $10 million or more, the third highest level, slightly up from 13 sales in 2019. Based on $10 million or more sales, the top luxury market was Hobe Sound (5 sales), with a luxury price threshold of $3.5 million and an uber-luxury price threshold of $20.2 million. The most expensive sale was a $32 million home on Beach Road, although it did not beat the sale of a $33 million home on Beach Road last year.
St. Lucie County Single-family Uber-Luxury Threshold Rose to $1.5 Million in 2025
In St. Lucie County, the luxury threshold was stable at $700,000 while the uber-luxury threshold rose to $1.5 million. There was one sale of a home at least $10 million, which was on Hutchinson Island, for $17 million, a record sale that broke last year’s $9.2 million sale, also on Hutchinson Island.
