Florida's Dominance in Luxury Home Sales
Coastal Florida led the nation’s most expensive home sales in December, topped by a $101.5 million Miami estate linked to Google co-founder Larry Page, according to a new report from real estate brokerage Redfin.
The Biscayne Bay compound in Coconut Grove covers 4.5 acres in one of Miami’s most exclusive enclaves. People familiar with the deal told The Wall Street Journal that Page paid $101.5 million in December for the waterfront property, formerly owned by the late restaurateur Jonathan Lewis. Redfin reported that it was the most expensive U.S. home sale in December and the fourth-priciest overall in 2025.
When a billion-dollar-level buyer makes a move like this, it tells you everything you need to know: Miami is the upgrade. It’s both a lifestyle play and a financial strategy.
Impact on Neighborhood Values
A trade like this recalibrates the entire neighborhood as it hits $7,000 per square foot. We’ve seen this in Miami Beach, Bal Harbour, Golden Beach, and now we are seeing it in Coconut Grove, Goldentayer said.
Other Notable Florida Sales
Two Palm Beach homes ranked second and third among December’s priciest sales, closing at $97.5 million and $66.1 million. Both properties also appeared on Redfin’s 2025 list of most expensive U.S. home sales, at No. 5 and No. 9, respectively.
Overall, six of December’s 10 most expensive sales were in coastal Florida cities. The Sunshine State outpaced other luxury markets that month, including Manhattan, the Bay Area and Nevada’s Lake Tahoe region.
For 2025 altogether, Florida properties represented half of the 10 most expensive home sales in the U.S., according to Redfin.
I’m seeing continued inbound interest from California and the Northeast, with buyers asking for privacy, security and turnkey waterfront or estate properties.
Trends in Buyer Behavior
More showings with high-net-worth buyers, more off-market conversations, he added, and buyers are moving faster when a truly irreplaceable property becomes available.
