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The Ultra High End Home Market in South Florida
South Florida is a hotbed for ultra-luxury real estate. The region’s warm weather, beautiful beaches, and proximity to major cities like Miami and Fort Lauderdale make it an attractive destination for wealthy buyers from around the world.
In 2022, the ultra-high end home market in South Florida continued to grow. The median sales price for homes priced at $10 million or more reached $25 million, a 25% increase from 2021. The number of homes sold in this price range also increased, from 100 in 2021 to 125 in 2022.
There are a number of factors driving the growth of the ultra-high end home market in South Florida. One factor is the influx of wealthy buyers from Latin America and the Caribbean. These buyers are attracted to South Florida’s warm weather, relaxed lifestyle, and proximity to their home countries.
Another factor driving the growth of the ultra-high end home market is the increasing popularity of South Florida as a second home destination for wealthy buyers from the United States and Europe. These buyers are attracted to South Florida’s luxury amenities, such as world-class golf courses, tennis courts, and spas.
The growth of the ultra-high end home market in South Florida is expected to continue in the coming years. The region’s strong economy, warm weather, and proximity to major cities will continue to attract wealthy buyers from around the world.
Here are some of the most popular ultra-high end neighborhoods in South Florida:
- Fisher Island
- Palm Beach
- Miami Beach
- Coral Gables
- Fort Lauderdale
- Weston
These neighborhoods offer a variety of luxury amenities, including private beaches, golf courses, tennis courts, and spas. They are also home to some of the most exclusive schools and hospitals in the region.
If you are looking for an ultra-luxury home in South Florida, these neighborhoods are a great place to start your search.
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