Here are South Florida’s top residential sales of 2025

South Florida’s most expensive residential sales this year show a bifurcated market: one for the billionaires, and one for the rest.

It’s a sign of how the wealth migration that began in the pandemic is shaping the region. For the first time in recent years, though, Florida’s most expensive home sale of the year closed on the west coast, not the east.

In April, the billionaire DeGroote family sold their waterfront Naples estate for $225 million, making it the second-most expensive ever home sale in the U.S. It is also a price record for the state of Florida, topping Larry Ellison’s $173 million purchase of a Manalapan estate in 2022.

The deal that took the top spot within the tri-county region is indicative of the deep investment by the nation’s wealthiest individuals. Billionaire cosmetics mogul William Lauder sold an oceanfront lot in Palm Beach to a buyer sources say is billionaire Microsoft Excel creator Charles Simonyi, as part of a $350 million assemblage on the island.

While South Florida’s non-luxury housing market stumbled this year, the market for homes over $10 million flourished. Economic uncertainty in the spring, mainly credited to tariff concerns, delayed but did not prevent pricey sales.

Here are the most expensive sales in South Florida in 2025, based on The Real Deal’s research.

≥$160M | 1063 and 1071 North Ocean Boulevard, Palm Beach
The single most expensive sale in South Florida this year closed off-market and did not record publicly. Sources say the final sale price for the 2.3 oceanfront acres was more than $160 million. Lauder bought the land for $66.3 million in 2019 and 2020, and listed them for $177.8 million. They have 360 feet of beachfront.
Christian Angle with Christian Angle Real Estate had the listing, and Ryan Serhant with Serhant brought the buyer.

Other deals tied to the assemblage are the $18 million sale of 1066 North Ocean Boulevard and $30 million deal for 1072 North Ocean Boulevard.
$120M | 26 Star Island Drive, Miami Beach
Billionaire developer Vlad Doronin sold his 2.5-acre Star Island estate in Miami Beach for a record $120 million to Merrick Ventures’ Michael Ferro in March. Doronin bought the 22,000-square-foot estate from Shaquille O’Neal for $16 million in 2009. The six-bedroom, seven-bathroom home has a tennis court, a pool and a dock.
TIE | $105M | 9 West Indian Creek Island Road, Indian Creek Village & 5940 North Bay Road, Miami Beach
Two residential properties sold for $105 million in Miami-Dade County this year, tying for third-most expensive home sale in the tri-county region.
1. In June, an entity managed by Mikhail and Mariana Peleg sold the 1.8-acre waterfront lot at 9 Indian Creek Island Road for $105 million. It last sold for $27.5 million in 2018, records show. The estate is adjacent to two of the lots Amazon billionaire Jeff Bezos bought last year.
  In July, spec developer Todd Glaser and the Posner Group paid $105 million for the 2.3-acre waterfront estate at 5940 North Bay Road. The sellers were developer Sonny Kahn and his wife Suzanne Kohn. They bought the home for $2.4 million in 1991. It was built in 1936 and includes a 19,000-square-foot mansion with eight bedrooms, 13 bathrooms and three half-bathrooms. It has 290 feet of waterfront. Glaser and his partner will either flip the compound for $169 million or redevelop the estate and list it for $300 million.
  
  Nelson Gonzalez with Berkshire Hathaway HomeServices EWM Realty and Zachary Vichinsky and Brett Harris from Bespoke Real Estate have the listing.
≥$100M | 4055 Southwest 37th Avenue, Coral Gables
Billionaire Jorge Mas sold the 7.3-acre compound at 4055 Southwest 37th Avenue in Coral Gables in an off-market deal this year. Adjacent to the Kampong Botanical Garden, the land last sold for $9 million in 2000, according to property records, but sources told TRD that Mas bought the estate this year and is flipping it. The deal has yet to appear in city records.
Developer Alex Pirez of Mocca Realty represented the seller, and Bespoke Real Estate’s Brett Harris represented the buyer.
$97.5M | 11465 and 11472 Old Harbour Road, North Palm Beach
William Wrigley Jr., an heir to the Wrigley chewing gum fortune, sold the waterfront compound at 11465 and 11472 Old Harbour Road in North Palm Beach for $97.5 million. Wrigley sold the 2.5-acre assemblage to an undisclosed buyer. The off-market deal was the most-expensive ever recorded in Lost Tree Village, a private golf community, and may be the priciest in North Palm Beach.
1. Serhant’s Gary Pohrer represented Wrigley, while Douglas Elliman’s Donna Hutchins represented the buyer.
$86.5M | 203 South Lake Trail, Palm Beach
Hellman Jordan founder Jerry Jordan and his wife, Darlene Jordan, sold their lakefront estate at 20203 South Lake Trail in Palm Beach for $86.5 million. It was the most expensive single-family home sale on the island this year, topped only by Lauder’s land sale. Records show the couple paid $14 million for the 1.7-acre estate in 2000. Built in 1938, it includes a 13,400-square-foot main house with five bedrooms, eight bathrooms and one half-bathroom, a pool and a dock.
In 2024, the Jordans hired Robert A.M. Stern Architects to design a new mansion on the property with a pool house and padel court.
$86M | 9149 Collins Avenue, PH-11, Surfside
Fort Partners, led by Nadim Ashi, sold a penthouse at its Seaway at the Surf Club for $86 million to a hidden buyer. It is the most expensive condo ever sold in Miami-Dade County. It spans 16,000 square feet, with the sale equating to $5,358 per square foot. Ashi completed the two-building, 34-unit, 11-story Seaway last year. Designed by Joseph Dirand and landscape designer Peter Wirtz, it is part of the Four Seasons Residences at the Surf Club complex. Seaway residents have access to the Surf Club amenities, which includes four pools, a private club and Thomas Keller restaurant.
$74.3M | 88 La Gorce Circle, Miami Beach
Hedge fund manager Nick Maounis, head of Veriton Fund Management, bought the 1-acre waterfront estate at 88 La Gorce Circle for $74.3 million in March. Maounis previously founded Amaranth Advisors, which collapsed in 2006 after losing more than $6 billion on natural gas futures in one of the biggest hedge fund collapses in history.
The sellers were the Kollmans, a wealthy German family, who bought it for $15.7 million in 2010, records show. The 21,700-square-foot, nine-bedroom mansion was built in 2008 by Todd Michael Glaser, and includes a pool and 260 feet of waterfront.

Nelson Gonzalez with Berkshire Hathaway HomeServices EWM Realty had the listing, and Ryan Mendell of Maxwelle Real Estate Group brought the buyer.
$73M | 530 South Ocean Boulevard, Palm Beach
Billionaire Red Ventures co-founder and CEO Ric Elias sold the oceanfront mansion at 530 South Ocean Boulevard in Palm Beach in an off-market deal. Elias and his wife Brenda Elias bought the 0.7-acre property for $37.5 million in 2020. Built in 2018, the 12,900-square-foot mansion has eight bedrooms, 11 bathrooms, four half-bathrooms and a pool. It sold fully furnished, including art.
Jack Rooney with Douglas Elliman represented the buyer and the seller.
$69.5M | 276 Bal Bay Drive, Bal Harbour
Billionaire Patrick Dovigi, a former hockey player and founder of Canadian waste management company Green For Life Environmental, sold a waterfront house in Bal Harbour for $69.5 million in March. He bought the 1-acre estate at 276 Bal Bay Drive in 2022 from billionaire Shari Arison, whose family owns Carnival Cruise Lines, for $41.5 million.

Douglas Elliman’s Dina Goldentayer brokered the deal.