What bubble? Wild homes $ 100 million+ are the new Normal in South Florida, experts say

The magic city is crossing your fingers in the hope of closing some Abracadabra deals.

At the beginning of the new year, some houses require more than $ 100 million pod up both inside and off the market in Miami-Dade and Palm Beach circles.

These delightful lists include the wealth of Bannyan Ridge 11,855 square meters in 3585 anchorage Way in Coconut Grove, listed by Douglas Elliman for $ 135 million; and a three -house component in 190 Palm Ave. In Miami Beach by famous agent Fredrik Eklund of the same brokerage and $ 150 million.

Further to the north, a specific home in the BLVD 1960 South Ocean. It is ranked for a stunning $ 285 million, also by Douglas Elliman, while football star Tom Brady is rumored to be shopping about his “billionaire bunker” habit in 26 Indian Creek Road in Indian Creek Village for $ 150 million .

These prices for eye irrigation are not exactly new and are most often seen in southern Florida since the pandemia, with the strict of a rich high to the sun and low taxes. Defense fund billionaire Ken Griffin set the former -Miami Records when he bought parts of his Palm Beach complex for $ 104.99 million and $ 106.9 million in 2019 and 2022, respectively.

Over in Naples, on the Gulf of the Peninsula, an asset widespread in 100 Bay Road named Gordon Pointe last year’s titles when he ranked $ 295 million. The required pricing decreased to a landslide $ 210 million. The last record settled in Miami when the Australian Infrastructure Investor Michael Dorrell bought 10 Tarm Isle at Palm Beach for $ 152 million last May. Miami’s Kondo market is seeing similar prices. Especially, Elon Musk is reportedly considered a $ 100m Condo at West Palm Beach, the least applicable sister of Palm Beach.

The billionaires bring their businesses with them. Along with Griffin’s Citadel, several other Fortune 500 companies, including Chewy and Hertz, were transferred to South Florida in recent years. Last month, Amazon signed a lease for 50,333 square meters of space in the Miami Wynwood Plaza. But while some there, the high lists in the sky for a real estate bubble experts warn they are growing in Miami, Jonathan Miller, CEO of the Miller Samuel rating firm, said they are in a league of them.

“The Super-Luxury market route has little connection with the local real estate market,” Miller said. “A $ 150 million sale is a global list.”

Agents are capitalizing the momentum, he said. There were seven closures of $ 100 million plus in 2024, the second highest annually in US history after nine in 2021. And for each shocking lists the price agents know they will get media attention, some are kept secretly outside the market.

“A billionaire, where money is not a matter, is looking to save time and have the perfect home.”

Ana Teresa Rodriguez, Founder and CEO of ATR Luxury Homes Group in Coldwell Banker Realty

“The values ​​of these properties were not quinrupu overnight,” Miller said. “Many wealth has poured into Florida and the perception of value has changed.”

The elections placed trust in the market, added Ana Teresa Rodriguez, founder and CEO of ATR Luxury Homes Group in Coldwell Realty in Coral Gables, a neighborhood in West Miami.
“Trump is the most positive thing that has happened to real estate, not just in Florida but in the country,” she said.

As is common these days, value is often perceived in how little work a home needs, Rodriguez added. By duplicating the phenomenon “Uber or Amazon Effect”, buyers want immediate pleasure, Rodriguez said: “A billionaire, where money is not a matter, is looking to save time and have the perfect home.”

With 13 beds and 18 baths, 3585 anchorage Way boasts more than 180 meters of water water across seven parcels in the bay of Biscayne. Wealth also feels a 100-year-old Bannyan tree, waterfall, a fish with salt water and an infinite pool.

Tom Brady built his mans from the ground after buying his draw for $ 17 million in 2020 with his ex-wife, supermodel Gisele Bündchen. The Bayfront house has a pool, a special gym and a caba.

ECLUNDIT List in 190 Palm Ave. There are three palaces with a 21 bedroom combined, plus three pools, parking for 20 cars and 300 meters of water with multiple water.

“The computer is there because there have been, in the last six months, highly published, big deals in this area of ​​numbers,” Eklund said. “The linear legs of the ocean are the new luxury, the new rights of boasting.”