I
n Palm Beach, Florida, the luxury market has exploded, with three properties now listed above $100 million and one commanding $205 million. Waterfront “trophy” homes dominate the scene, and 51.3 % of transactions are all‑cash. Bill Yahn of The Corcoran Group explains that the surge stems from a mix of aging owners, downsizers, and those moving up, while the scarcity of oceanfront land keeps prices high. New York City’s incoming mayor, Democratic Socialist Zohran Mamdani, signals shifts in tax and housing policy that are drawing wealthy buyers to Florida, where state tax breaks and the Palm Beach lifestyle boost property values, Yahn notes.

    Pricing these rare homes is difficult because the island’s median listing price is only $2.9 million, far below the $100 million mark. Realtor.com senior economist Anthony Smith says that $100 million‑plus homes operate outside conventional data: they are almost always cash deals, highly customized, and sold to a handful of buyers, making traditional comps irrelevant. Echo Fine Properties CEO Jeff Lichtenstein adds that the current $100 million market feels ordinary now, as a mix of old money, new money, Wall Street investors, celebrities, crypto billionaires, and politically connected buyers keep the demand high. The area’s infrastructure and proximity to a 10‑minute private‑airport flight to Mar‑a‑Lago sustain this trend.

    The three listings include a 14,496‑square‑foot estate on 4.2 acres of oceanfront land priced at $205 million.