realestate

West Coast Dominance: Florida and California Lead US Luxury Real Estate

Naples, Florida beachfront compound sets U.S. residential real estate record with $133 million sale in April 2025.

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luxury beachfront compound in Naples, Florida has set a new record for the most expensive residential sale of 2025, fetching $133 million in April. This eye-catching deal underscores the dominance of Florida and California in the nation's high-end housing market, with each state claiming four of the year's top 10 sales.

    The top 10 list is dominated by coastal markets, with Los Angeles logging four deals, including a $110 million estate in Bel-Air that ranks as the second-highest transaction of the year. Other notable sales include a $74.3 million waterfront property in Miami Beach and a $65.8 million oceanfront estate in Honolulu.

    New York and Hawaii also made it into the top 10, with a $60 million Manhattan duplex and a luxury residence in Honolulu rounding out the list. The data suggests that deep-pocketed buyers remain undeterred by rising borrowing costs and insurance premiums, favoring properties that offer privacy, waterfront access, and long-term appreciation potential.

    The month of June saw several high-end sales, including a $63.1 million Beverly Hills villa that landed among the year's top five. Other notable deals included a $46 million transaction on Miami Beach's San Marino Island and a $38.8 million Palm Beach oceanfront estate. All ten of June's highest-priced deals cleared $30 million.

    2025's Top 10 Residential Sales (To Date)

    Naples, FL - $133M | April | 2200 Gordon Dr.

    Los Angeles, CA - $110M | May | 630 Nimes Rd.

    Miami Beach, FL - $74.3M | April | 88 La Gorce Cir.

    Honolulu, HI - $65.8M | March | 4823 Kahala Ave.

    Beverly Hills, CA - $63.1M | June | 71 Beverly Park

    New York, NY - $60M | March | 150 Charles St., Unit 9A

    Manalapan, FL - $55.5M | May | 1140 S. Ocean Blvd.

    June's Top 10 Residential Sales

    Beverly Hills, CA - $63.1M | 71 Beverly Park

    Miami Beach, FL - $46M | 55 E. San Marino Dr.

    Palm Beach, FL - $38.8M | 1742 S. Ocean Blvd.

    New York, NY - $38.2M | 9 W. 54th St.

    Lake Tahoe, NV - $37.5M | 1806 US Highway 50, Unit 2

Florida and California luxury homes lead US market, West Coast dominance evident.