South Florida’s high-end property market is showing no signs of slowing, with homes asking over US$100 million becoming a staple rather than a rarity.
The New York Post reported several jaw-dropping listings have hit the market this year, including an 11,855-square-foot waterfront property priced at US$135 million, and a three-mansion compound listed for US$150 million by celebrity agent Fredrik Eklund.
The priciest contender? A spec home in Manalapan listed for a staggering $285 million.
Even former NFL star Tom Brady is rumoured to be testing the waters with his custom-built “Billionaire Bunker” in Indian Creek Village, with a potential price tag of US$150 million.
With these eye-watering figures, some have speculated that Miami’s real estate market is in bubble territory. But industry experts disagree, telling the New York Post the ultra-luxury segment operates on a different playing field.
“The super-luxury market strata has very little to do with the local real estate market,” said Jonathan Miller, CEO of appraisal firm Miller Samuel. “A $150 million sale is a global listing.”
Agents are capitalising on momentum. In 2024 alone, there were seven US$100 million-plus sales in the US; the second-highest number on record after nine in 2021.
