Ultra-Luxury Real Estate Market is White – Hot
Top $100 Million Sales in 2025
For the first time on record, every one of the 10 largest home sales of the year traded at $100 million or more. According to the Wall Street Journal’s latest report on luxury real estate, 2025 produced ten $100 million home sales – up from seven in 2024 and five in 2023.
Most of the major deals were in Florida. There were 19 sales above $50 million in Florida in 2025, compared with 12 in New York and 10 in California. Miami alone had four sales above $100 million; before 2025, the city had just two nine-digit sales in its history.
Luxury buyers are placing such a premium on location and control that even vacant plots of land in Miami and Palm Beach commanded nine-figure prices last year.
Here are the top sales of 2025:
- Naples, Florida – $225M
- Palm Beach, Florida – $177M
- Snowmass, Colorado – $120M
- Miami Beach, Florida – $120M
- East Hampton, New York – $115M
- Los Angeles, California – $110M (630 Nimes Rd.)
- Los Angeles, California – $110M (590 Mapleton)
- Miami, Florida – $105M
- Miami Beach, Florida – $105M
- Miami, Florida – $101.5M
The broader housing market had a tough year in 2025. The ultraluxury market didn’t; it was white-hot. $100 million-plus deals are no longer one-off events. Since the pandemic, there have been an average of 40 home sales a year above $50 million.
Wealthy buyers – insulated from mortgage rates, inventory constraints, and affordability pressures – are using real estate to park money, diversify their portfolios, and hedge against inflation. As long as our K-shaped economy sticks around, it’s hard to see this trend changing anytime soon. Right now, the ultraluxury market has all the momentum.
