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 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