Naftali Group Chairman and CEO Miki Naftali and Informa President of U.S. Boat Exhibits Andrew Doole converse to Fox Information Digital concerning the pro-business course of the Sunshine State.
Coastal Florida led the nation’s most costly house gross sales in December, topped by a $101.5 million Miami property linked to Google co-founder Larry Web page, in line with a brand new report from actual property brokerage Redfin.
The Biscayne Bay compound in Coconut Grove covers 4.5 acres in considered one of Miami’s most unique enclaves. Folks aware of the deal informed The Wall Avenue Journal that Web page paid $101.5 million in December for the waterfront property, previously owned by the late restaurateur Jonathan Lewis. Redfin reported that it was the costliest U.S. house sale in December and the fourth-priciest total in 2025.
“When a billion-dollar-level purchaser makes a transfer like this, it tells you every thing you must know: Miami is the improve. It is each a life-style play and a monetary technique,” Douglas Elliman’s Dina Goldentayer beforehand informed Fox Information Digital.
NEWSOM SAYS CALIFORNIA WEALTH TAX ‘REALLY DAMAGING’ AS BILLIONAIRES MOVE MONEY, BUSINESSES OUT OF STATE
“A commerce like this recalibrates your complete neighborhood because it hits $7,000 per sq. foot. We’ve seen this in Miami Seashore, Bal Harbour, Golden Seashore, and now we’re seeing it in Coconut Grove,” Goldentayer mentioned.
A south-facing aerial view of Miami Seashore reveals Indian Creek island and Collins Avenue. (Getty Photographs)
Two Palm Seashore properties ranked second and third amongst December’s priciest gross sales, closing at $97.5 million and $66.1 million. Each properties additionally appeared on Redfin’s 2025 record of most costly U.S. house gross sales, at No. 5 and No. 9, respectively.
General, six of December’s 10 most costly gross sales had been in coastal Florida cities. The Sunshine State outpaced different luxurious markets that month, together with Manhattan, the Bay Space and Nevada’s Lake Tahoe area.
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For 2025 altogether, Florida properties represented half of the ten most costly house gross sales within the U.S., in line with Redfin.
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“I’m seeing continued inbound curiosity from California and the Northeast, with patrons asking for privateness, safety and turnkey waterfront or property properties,” ONE Sotheby’s Worldwide Realty prime South Florida agent Michael Martinez informed Fox Information Digital.
Douglas Elliman No. 1 agent nationwide Dina Goldentayer speaks with Fox Information Digital about why Miami and West Palm Seashore have surpassed New York Metropolis because the world’s fastest-growing wealth hubs.
“Extra showings with high-net-worth patrons, extra off-market conversations,” he added, “and patrons [are] transferring sooner when a really irreplaceable property turns into obtainable.”
