South Florida Tops U.S. Luxury Real Estate Market with Most Expensive Home Sales - S. Florida Business & Wealth

South Florida Tops U.S. Luxury Real Estate Market with Most Expensive Home Sales

Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February, according to Redfin.

Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February, according to a new report from Redfin, the technology-powered real estate brokerage. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold for more than $30 million, and the top three sold for $40 million or more.

While Florida residents have been grappling with the rising cost of insurance and intensifying natural disasters, the state is still a magnet for wealthy Americans. The majority of last month’s most expensive sales were in beachfront Florida because many affluent people are drawn to the area for its luxurious lifestyle, sunny weather and the fact that there’s no state income tax.

Below are the most expensive U.S. home sales of February:

  1. 1400 S. Ocean Blvd., Manalapan, FL 33462: Sold for $49.1 million
  2. 152 Bears Club Dr., Jupiter, FL 33477: Sold for $48 million
  3. 1230 S. Ocean Blvd., Palm Beach, FL 33480: Sold for $40 million
  4. 9 Pelicans Dr., Newport Coast, CA 92657: Sold for $37 million
  5. 7725 Atlantic Way, Miami Beach, FL 33141: Sold for $35.6 million
  6. 15 Central Park West, Penthouse 40A/6K, New York, NY 10023: Sold for $33.9 million
  7. 310 S. Beach Rd., Jupiter Island, FL 33455: Sold for $33.8 million
  8. 10901 Savona Rd., Los Angeles, CA 90077: Sold for $32.5 million
  9. 11432 Turtle Beach Rd., North Palm Beach, FL 33408: Sold for $31.9 million
  10. 6494 Allison Rd., Miami Beach, FL 33141: Sold for $31 million

Today’s Most Expensive Active Home Listings

Redfin also looked at the most expensive listings on the market today. Coastal Florida again tops the list, with five of the nation’s most expensive listings located in the Sunshine State. Four are in Southern California, one is in Lake Tahoe, and one is in Manhattan.

Most of the listings remain the same as the last report due to the longer sales cycle for ultra-expensive homes. However, the ranking below does include three recently listed homes: An estate in Bel Air, a 33-acre plot of land in Beverly Hills, and a compound in Manalapan, FL.

These are today’s most expensive active listings:

  1. 1960 S. Ocean Blvd, Manalapan, FL 33462: Listed for $285 million
  2. 100 Bay Road, Naples, FL 34102: Listed for $210 million
  3. 1261 Angelo Dr., Beverly Hills, CA 90210: Listed for $195 million
  4. 1949 Glenbrook Inn Rd., Glenbrook, NV 89413: Listed for $188 million
  5. 607 Siena Way, Bel Air, CA 90077: Listed for $177 million (newly listed in February)
  6. 9712 Oak Pass Rd., Beverly Hills, CA 90210: Listed for $175 million (newly listed in March)
  7. 2200 Gordon Dr., Naples, FL 34102: Listed for $175 million
  8. 190 Palm Ave., Miami Beach, FL 33139: Listed for $150 million
  9. 31062 Casa Grande Dr., San Juan Capistrano, CA 92675: Listed for $150 million
  10. 1370 S. Ocean Blvd., Manalapan, FL 33462: Listed for $150 million (newly listed in February)
  11. 217 W. 57th St. Units 127/128, New York, NY 10019: Listed for $150 million

To view the full report, visit: https://www.redfin.com/news/most-expensive-home-sales-february-2025

You May Also Like
Berkadia Arranges Construction Loan for Coral Gables Condo

Berkadia, a leader in the commercial real estate sector, announced today that it arranged $100 million in construction financing for Alhambra Parc, an eight-story luxury mixed-use condominium development with 74

Read More
Street view of a modern, multi-story luxury apartment building with palm trees, large entrance, decorative facade, and retail shops. People walk by, and two cars are parked on the street in front of the building. South Florida Business & Wealth
Developers Break Ground on New Condominium Near Aventura Mall

 Growin Group and Property Pro Partners broke ground on EDEN, a new luxury residential development, located at 2557 NE 180th Street — near Aventura Mall. Boutique Residences The development will feature 32 luxury residences

Read More
A modern multi-story building with large glass balconies, palm trees on both sides, cars parked in front, and purple flowers in the foreground under a clear blue sky. South Florida Business & Wealth
Transit-Oriented Living Arrives in Boca

Link at Boca breaks ground near the Tri-Rail station, adding 340 apartments, retail, and new density to one of Palm Beach County’s fastest-evolving corridors.

Read More
A group of people in business attire and hard hats stand in front of a construction site banner, holding shovels and posing for a groundbreaking ceremony on a sunny day. South Florida Business & Wealth
Related Ross Expands Its Palm Beach Waterfront Portfolio

Edgeworth follows strong sales at South Flagler House as West Palm Beach’s corporate growth drives demand for high-end housing.

Read More
Two modern high-rise buildings with curved balconies, viewed from below against a blue sky. Palm trees frame the scene, adding a tropical atmosphere. South Florida Business & Wealth
Other Posts
A Block-Scale Bet on North Beach

Witkoff’s Miami Beach project combines boutique density, public investment, and mixed-use design in a model built for long-term value

Read More
Two modern, glass high-rise buildings stand near a sandy beach lined with palm trees, with the ocean stretching out to the horizon under a clear sky at sunrise or sunset. South Florida Business & Wealth
Boca’s Next Luxury Chapter

A long-anticipated branded residential debut brings Mr. C’s hospitality-first ethos to Downtown Boca Raton.

Read More
A serene outdoor pool with lounge chairs and towels, surrounded by lush greenery, in front of a modern building with balconies and large glass doors leading to a well-lit interior. South Florida Business & Wealth
Where the Money Still Says “Yes”

In Fort Lauderdale and beyond, lenders and buyers are voting for proven assets, strong locations, and real demand.

Read More
Aerial view of a waterfront cityscape with tall modern buildings, a large hotel or convention center, palm trees, and several yachts docked along a marina under a partly cloudy sky. South Florida Business & Wealth
Rewriting the Blueprint

From development and design to brokerage and urban planning, these women are changing not just skylines, but the culture behind them.

Read More
Blueprint-style illustration featuring silhouettes of five women holding blueprints, standing in front of a cityscape and architectural plans, with the text “The Women Rewriting The Blueprint” prominently displayed above. South Florida Business & Wealth