South Florida’s ultra-luxury real estate market accelerates: record transactions and strategic moves by global wealth

The ultra-high-end residential market in South Florida is once again capturing global attention. In an international environment defined by capital seeking stability, long-term value and lifestyle quality, the region continues to strengthen its position as one of the most dynamic luxury real estate hubs worldwide.

2025 closed with 361 residential transactions priced at USD 10 million and above, making it the second-strongest year on record for this segment, surpassed only by the peak reached in 2021. The figures confirm a clear reality: demand for exceptional properties in South Florida is structural rather than cyclical.

A market advancing beyond the traditional cycle

Unlike other luxury destinations that have experienced corrections in volume or pricing, South Florida continues to post sustained activity. This resilience is driven by a convergence of factors: international wealth migration, corporate relocations, a competitive tax framework and a residential offering increasingly aligned with global ultra-luxury standards.

The properties defining this segment are no longer assessed solely by size or location. Waterfront residences now dominate the top tier, featuring contemporary architecture, elevated privacy, private docks, advanced smart-home systems and lifestyle-oriented amenities. Today’s buyer views these homes not only as residences, but as long-term assets that integrate living, working and global mobility.

Jorge Mas and the appeal of Coral Gables

Alongside market-wide momentum, South Florida continues to attract landmark transactions led by prominent fortunes. One of the most notable is the recent acquisition by billionaire entrepreneur Jorge Mas, who purchased a waterfront estate in Coral Gables at a price reportedly close to USD 75 million, according to market sources.

The deal, first reported by The Real Deal, reinforces Coral Gables’ standing as one of Florida’s most coveted luxury enclaves. Distinguished by its architectural heritage, controlled urban planning and discreet waterfront access, the area appeals strongly to buyers prioritizing continuity, privacy and long-term value.

Florida as a global wealth axis

These dynamics underline a broader transformation: Florida has evolved beyond an aspirational residential destination into a global wealth axis. Capital flows from Latin America, North America, Europe and the Middle East increasingly converge here, shaping a highly sophisticated ultra-luxury market.

Transactions above the USD 10 million threshold now reflect a buyer profile that is strategic, internationally diversified and focused on legacy planning. South Florida is also emerging as a testing ground for new luxury residential models, including branded residences, hotel-integrated services, advanced sustainability concepts and professionalized asset management.

Within this context, ultra-luxury real estate is no longer merely an expression of prestige. It has become a central component of global investment, mobility and wealth-preservation strategies. With Miami and Coral Gables at its core, South Florida continues to position itself as one of the territories where the future of luxury living is already taking shape.