The South Florida luxurious actual property market had a banner yr in 2025, posting the second-highest variety of $10 million-plus house gross sales within the area’s historical past, pushed by an inflow of rich patrons.
From January to December 2025, there have been 361 closings in South Florida involving high-end properties priced at $10 million or extra, trailing solely the 444 report set in the course of the pandemic-era shopping for frenzy in 2021, in keeping with the newest report from the Miami Affiliation of Realtors®.
The findings are based mostly on the December 2025 figures launched by the affiliation and the Southeast Florida A number of Itemizing Service (SEFMLS).
“The surge in South Florida ultra-luxury house gross sales illustrates our large wealth migration,” affiliation Chairman of the Board Alfredo Pujol acknowledged. “The rich, together with billionaire Google co-founders Larry Web page and Sergey Brin, are transferring to Miami not simply due to taxes. They’re coming right here due to our rising fintech hub, climate, way of life, seashores, and extra. Miami is town of the longer term.”
Ana Bozovic, a Miami-based actual property agent and founding father of actual property analysis agency Analytics Miami, agrees with Pujol’s take.
An end-of-the-year report and 2026 forecast from Analytics Miami carefully aligns with the Miami Affiliation of Realtors’ evaluation of the native luxurious market.
Bozovic says Miami-Dade County has more and more benefited from an inflow of wealth fleeing what she calls “hostile jurisdictions,” the place excessive earners face the prospect of elevated taxation and different unfavorable insurance policies.
“The detrimental momentum cycles in our feeder jurisdictions will continue to grow and they’re going to preserve pushing capital our manner,” Bozovic tells Realtor.com®. “Most individuals can not understand the magnitude of all this till it turns into very, very apparent.”
California’s loss is Florida’s achieve
A first-rate instance of this development is seen in California, the place a significant well being care union is pushing a November poll measure that may impose a one-time 5% wealth tax on billionaires.
California Gov. Gavin Newsom, a Democrat, stated in a latest interview with The New York Instances that he has been working behind the scenes to defeat the proposed tax in an effort to cease the flight of billionaires from the Golden State, which is already underway.
Because the wealth tax concept was first floated as a solution to offset federal funding cuts to well being take care of low-income residents, a number of high-profile billionaires have begun transferring their property out of California, with many redirecting them to Miami. Amongst them are Google co-founders Web page and Brin, and Palantir co-founder Peter Thiel.
“Entrepreneurship and capital stream towards the trail of least resistance, and Miami has grow to be a kind of paths,” notes Bozovic.
Moreover home billionaires trying to defend their property from taxation, Bozovic says international wealth mobility has emerged as a significant factor, with cash-rich international traders flocking to Miami and scooping up trophy properties.
“Miami is supported by international demand for scarce, high-quality product in high-quality-of-life jurisdictions,” she says, including that the spine of South Florida’s top-tier market is money transactions more and more pushed by cell wealth, each home and worldwide.
Knowledge from the Miami Affiliation of Realtors helps this conclusion, displaying that money gross sales accounted for 40% of all closings in Miami final month, in contrast with simply 27% nationally.
What’s forward for Miami’s luxurious section
The excessive share of money patrons displays Miami’s place “because the preeminent American actual property marketplace for international patrons, who have a tendency to buy with all money in addition to some transferring from dearer U.S. markets who can purchase extra with their income from actual property gross sales,” states the affiliation’s report.
Bozovic predicts that Miami’s housing market won’t be reverting to pre-pandemic norms and can proceed its ascent.
“This isn’t a bubble. New worth factors are right here to remain and have grow to be the brand new market actuality,” she argues.
Trying to 2026, Analytics Miami forecasts that pricing and liquidity will stay more and more concentrated in luxurious and ultra-luxury tiers, pushed by tight stock, cash-driven demand, and continued international capital mobility.
“We’re within the early years of a protracted momentum cycle because the world reshapes,” forecasts Bozovic.
