Florida Leads the Nation in December’s Top Luxury Home Sales
Naftali Group Chairman and CEO Miki Naftali and Informa President of U.S. Boat Shows Andrew Doole speak to Fox News Digital about the pro-business direction of the Sunshine State.
Coastal Florida has emerged as a leader in the luxury real estate market, showcasing the nation’s most expensive home sales in December. Topping the list was a stunning $101.5 million estate in Miami, linked to Google co-founder Larry Page, according to a recent report from real estate brokerage Redfin.
Located in Coconut Grove, the Biscayne Bay compound spans 4.5 acres in one of Miami’s most exclusive neighborhoods. Sources familiar with the transaction revealed to The Wall Street Journal that Page acquired the waterfront property in December, previously owned by the late restaurateur Jonathan Lewis. Redfin reported that this sale marked the highest U.S. home sale in December and ranked fourth overall for 2025.
“When a billion-dollar-level buyer makes a move like this, it tells you everything you need to know: Miami is the upgrade. It’s both a lifestyle play and a financial strategy,” stated Douglas Elliman’s Dina Goldentayer in an interview with Fox News Digital.
Goldentayer further elaborated, “A trade like this recalibrates the entire neighborhood as it hits $7,000 per square foot. We’ve seen this in Miami Beach, Bal Harbour, Golden Beach, and now we are seeing it in Coconut Grove.”
A south-facing aerial view of Miami Beach shows Indian Creek island and Collins Avenue. (Getty Images)
In December, two homes in Palm Beach ranked second and third among the month’s priciest sales, closing at $97.5 million and $66.1 million, respectively. Both properties also made it to Redfin’s 2025 list of the most expensive U.S. home sales, coming in at No. 5 and No. 9.
Overall, six of the ten most expensive sales in December were located in coastal Florida cities, showcasing the Sunshine State’s dominance over other luxury markets, including Manhattan, the Bay Area, and Nevada’s Lake Tahoe region.
Dezer Developments President Gil Dezer joins ‘Varney & Co.’ to discuss pouring Florida’s largest concrete mat for new luxury condos as Miami’s real estate market surges after Zohran Mamdani’s New York City mayoral win.
For the entirety of 2025, Florida properties accounted for half of the ten most expensive home sales in the U.S., according to Redfin.
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“I’m seeing continued inbound interest from California and the Northeast, with buyers asking for privacy, security, and turnkey waterfront or estate properties,” stated Michael Martinez, a top South Florida agent at ONE Sotheby’s International Realty, in an interview with Fox News Digital.
Douglas Elliman No. 1 agent nationwide Dina Goldentayer speaks with Fox News Digital about why Miami and West Palm Beach have surpassed New York City as the world’s fastest-growing wealth hubs.
“There are more showings with high-net-worth buyers, more off-market conversations,” he added, “and buyers are moving faster when a truly irreplaceable property becomes available.”
Naftali Group Chairman and CEO Miki Naftali and Informa President of U.S. Boat Shows Andrew Doole speak to Fox News Digital about the pro-business direction of the Sunshine State.
Coastal Florida has emerged as a leader in the luxury real estate market, showcasing the nation’s most expensive home sales in December. Topping the list was a stunning $101.5 million estate in Miami, linked to Google co-founder Larry Page, according to a recent report from real estate brokerage Redfin.
Located in Coconut Grove, the Biscayne Bay compound spans 4.5 acres in one of Miami’s most exclusive neighborhoods. Sources familiar with the transaction revealed to The Wall Street Journal that Page acquired the waterfront property in December, previously owned by the late restaurateur Jonathan Lewis. Redfin reported that this sale marked the highest U.S. home sale in December and ranked fourth overall for 2025.
“When a billion-dollar-level buyer makes a move like this, it tells you everything you need to know: Miami is the upgrade. It’s both a lifestyle play and a financial strategy,” stated Douglas Elliman’s Dina Goldentayer in an interview with Fox News Digital.
Goldentayer further elaborated, “A trade like this recalibrates the entire neighborhood as it hits $7,000 per square foot. We’ve seen this in Miami Beach, Bal Harbour, Golden Beach, and now we are seeing it in Coconut Grove.”
A south-facing aerial view of Miami Beach shows Indian Creek island and Collins Avenue. (Getty Images)
In December, two homes in Palm Beach ranked second and third among the month’s priciest sales, closing at $97.5 million and $66.1 million, respectively. Both properties also made it to Redfin’s 2025 list of the most expensive U.S. home sales, coming in at No. 5 and No. 9.
Overall, six of the ten most expensive sales in December were located in coastal Florida cities, showcasing the Sunshine State’s dominance over other luxury markets, including Manhattan, the Bay Area, and Nevada’s Lake Tahoe region.
Dezer Developments President Gil Dezer joins ‘Varney & Co.’ to discuss pouring Florida’s largest concrete mat for new luxury condos as Miami’s real estate market surges after Zohran Mamdani’s New York City mayoral win.
For the entirety of 2025, Florida properties accounted for half of the ten most expensive home sales in the U.S., according to Redfin.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“I’m seeing continued inbound interest from California and the Northeast, with buyers asking for privacy, security, and turnkey waterfront or estate properties,” stated Michael Martinez, a top South Florida agent at ONE Sotheby’s International Realty, in an interview with Fox News Digital.
Douglas Elliman No. 1 agent nationwide Dina Goldentayer speaks with Fox News Digital about why Miami and West Palm Beach have surpassed New York City as the world’s fastest-growing wealth hubs.
“There are more showings with high-net-worth buyers, more off-market conversations,” he added, “and buyers are moving faster when a truly irreplaceable property becomes available.”
