Taking into consideration the average prices of homes, condos, and apartments across the state of Florida, it is clear that the most valuable real estate in Florida is located in the Miami and Florida Keys area. In fact, Southern Miami and the beachfront coastline properties in the area are worth hundreds of millions of dollars.
18 La Gorce Circle in Miami Beach
Located in the guard-gated island community of La Gorce, this home offers breathtaking views of the Biscayne Bay. It has 600 feet of prime water frontage. The property’s price tag is $170 million, which makes it the most expensive residential property in Florida.
The Pearce estate consists of three homes, plus a private park. The property is spread out over three oceanfront acres. Each home comes with a private dock. The estate also has a conference center, theater, and a 5,000-bottle wine cellar. The park on the western side of the property has a bayfront marble gazebo, as well as a variety of flowers and shrubs.
The main residence is a two-story home with five bedrooms and seven bathrooms. The property also has a guest house. The property has a pool and cabana. The park on the western side of the property features coral stone walkways, a marble gazebo, and a variety of flowers and shrubs.
The home features a private dock, swimming pool, summer kitchen, basketball court, and contemporary amenities. The property is located on the southwest corner of the island. This location offers views of Biscayne Bay and Allison Island.
The estate’s fourth parcel is home to a private park. The park features coral stone walkways, a bayfront marble gazebo, and a variety of flowers and shrubs. The park also has banyan trees and a marble fountain.
The La Gorce Circle property is 125,161 square feet. It has two full bathrooms, nine partial bathrooms, a guest house, and a pool. The property is located on an incredibly exclusive island in Miami Beach. The property is listed by Jills Zeder Group. It has been on the market since May 4, 2022.
Palm Beach secured the top spot in South Florida for luxury home sale price
During the last three months, Palm Beach secured the top spot in South Florida for luxury home sale price. The average price of a luxury single family home in Palm Beach, FL hit $21 million.
This was the fourth consecutive quarter that Palm Beach secured the top spot in South Florida luxury home sales. Palm Beach County luxury home sales rose 2.9% year-over-year to 210 transactions in October 2022. The average price per square foot was $2,766.
The price per square foot is down 2.7 percent compared to the previous quarter. The total number of sales closed in Q1 was 67% higher than the fourth quarter. This means that the market is relatively strong despite the recent slowdown. However, you should only sell your house fast if you really need the money, because it can be very expensive in the long term vs. a traditional property sale.
The median time to sell a luxury home increased from 15 days last year to 59 days this year. This is because the number of active listings increased 78%. The number of new listings decreased 12.3%. The number of distressed sales is insignificant.
Cash sales accounted for 40% of all single family transactions. Cash buyers are not deterred by rising rates. Miami-Fort Lauderdale-West Palm Beach’s price per square meter is among the lowest in the nation at $3,170. The area is attracting many remote workers.
The Miami-Fort Lauderdale-West Palm Beach metro area has the 6th-lowest unemployment rate at 2.5%. It ranks fifth in the nation in homebuyer income growth.
The number of out-of-town buyers relocating to South Florida is on the rise. This is a good sign for the economy and the region. During the past several years, the number of foreign buyers purchasing real estate in South Florida has been dominated by Asia and Latin America. However, this trend is changing. Since the pandemic, many of these foreign buyers have moved to areas that have low housing costs and taxes. This has fueled an increase in property values.
Doral is home to 33122, the 3rd most expensive zip code in Florida
Located in Miami-Dade County, Florida, Doral is one of the fastest-growing cities in South Florida. It is located close to Miami International Airport and the Florida Everglades. It is one of the largest cities in Miami-Dade County and has a population of about 45,000. Doral is home to numerous shops, businesses, and financial institutions. It is also home to a number of excellent resort facilities.
Doral was ranked 51st on Fortune Small Business’ and CNN Money’s list of 100 cities in 2008. It is one of the fastest-growing cities in South Florida.
The median price for homes in Doral, FL, is $1,094,100. The city is home to many businesses and shops, and has excellent resort facilities. The city is also home to several golf courses.
The city is home to a number of financial institutions, including a number of banks. It also has a number of internet service providers.
Doral has a tropical savanna climate. This means that summers are hot and humid, but winters are dry. The rainy season runs from May to October.
Florida is home to several of the most expensive zip codes in the country. The second-priciest zip code is 33921, which covers the exclusive island community of Boca Grande. This is also home to the Miami Open tennis tournament.
Another affluent zip code in Florida is Key Biscayne. This is home to a number of high-net-worth individuals and is known for its signature Art Deco architecture.
The Miami Beach area has been in the top 10 of most expensive zip codes several times. It also has a number of high-end real estate properties. In 2017, the average home sold in the Miami Beach area was $4 million.
Fisher Island is Florida’s 4th most expensive zip code
Located off the coast of Miami, Fisher Island is a 216-acre private barrier island that is accessible only by boat or helicopter. The island is also home to a hotel and a luxury condominium complex. This ultra-private residential community is a haven for the world’s richest.
Fisher Island was once owned by the Vanderbilt family. Later, President Richard Nixon purchased a portion of the island. Since then, it has been a private residential community. Today, it is home to celebrities, athletes, and models. It is also the home of several stately mansions.
Fisher Island is located four miles south of the South Beach area of Miami Beach. The area is home to some of the most expensive real estate in the United States. The average income for residents of Fisher Island is $2.5 million per year.
The homes of Fisher Island are sought after for their luxurious amenities. They are surrounded by pristine beaches and offer golf, tennis, and swimming pools. Some homes have prices that reach $20 million.
Fisher Island is home to a number of celebrities and models. The area is also home to a number of lawyers and top executives.
The average sale price for Fisher Island homes is $2,295,291. Fisher Island is a small island located off the coast of Miami. It was once a one-family residence of the Vanderbilt family. After the family was split up, the property was purchased by U.S. Steel magnate Moores. The estate was then sold to Ransom Everglades School.
The Fisher Island Club is the centerpiece of the community. It offers a golf course, tennis courts, and a luxurious spa. Fisher Island also features a private marina.
Southern Miami and beachfront coastline properties are worth hundreds of millions of dollars
Despite the fact that coastal real estate in Miami is being flooded by the rising tide, the market remains hot. In fact, the city of Miami is home to about 26 percent of the US’s homes that are at risk from rising seas. A recent study found that if the ocean were to rise by just two feet, it could submerge nearly 10 percent of the land area in the county. While this may seem like a small number, developers are continuing to push the envelope with their big and tall coastal development projects.
The largest single family oceanfront property in Miami is for sale for the first time. The two acre beachfront home was previously listed at $19.9 million. The home has 220 feet of water frontage. It also features an opulent two bedroom and two bath pool-front residence. It’s a good thing that a lot of these big and tall waterfront properties are in the process of being assembled in Miami because the city’s coastline is already on the list of the most expensive real estate areas in the country.
Another high-flying coastal property is the La Gorce Island, a private island that connects to Miami Beach. This little island has been a magnet for celebrities and business executives alike. Several of Miami’s best and brightest have called La Gorce home. One such star is Craig Electronics founder Joel Newman, whose $16.3 million purchase is the latest in a string of property transactions on the island.
The biggest and best thing about Southern Miami and beachfront coastline properties is that they are a great place to park your wealth. While they may be susceptible to the latest economic downturn, the properties on the water are more resilient to market changes.