Miami’s luxury real estate market is booming with $100M+ listings. Billionaires are redefining the market with record-breaking sales.

The luxury real estate market in South Florida has always been synonymous with affluence, but in recent years, the region has taken it to new heights. Miami’s ultra-luxury segment, with listings exceeding US$100 million, is now considered the new normal. From Miami Beach to Palm Beach, billionaires and high-net-worth individuals are redefining the local landscape, and it’s no surprise that such properties are flying off the market.

Several jaw-dropping listings have surfaced this year, reflecting the soaring demand. A standout example is 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 US$285 million.

Even former NFL star Tom Brady is rumored to be exploring the market with his custom-built “Billionaire Bunker” in Indian Creek Village, with a potential price tag of US$150 million.

With such jaw-dropping figures, some have speculated that Miami’s real estate market may be in bubble territory. However, industry experts disagree. Speaking with the New York Post, they pointed out that the ultra-luxury segment operates on a completely different playing field.

The super-luxury market strata has very little to do with the local real estate market.

Jonathan Miller, CEO of Miller Samuel

In 2024 alone, seven US$100 million-plus sales have been recorded in the U.S., making it the second-highest number ever, just behind nine sales in 2021.

Why Miami’s Luxury Market Is So Attractive

Miami has always been a luxury destination, and its real estate market continues to be a hot spot for global buyers. The combination of excellent weather, beach access, and an increasingly international community has solidified Miami as a prime location for ultra-luxury properties.

Luxury properties in Miami offer more than just a home; they represent a lifestyle. From private villas along the coast to mansions with panoramic views, these properties are synonymous with exclusivity and comfort. If you're looking for luxury apartments, be sure to check out our available options in the luxury apartments section.

How to Invest in Miami’s Ultra-Luxury Market

If you’re interested in seizing opportunities in this exclusive segment, it’s essential to have the guidance of an experienced real estate professional. A specialized agent can help you find the most exclusive properties and negotiate the best terms.

To get more information or start your search for ultra-luxury properties, feel free to speak with a professional who can guide you through every step of the process.