This year’s priciest residential sales in South Florida reveal a sharply divided market: one reserved for billionaires, and another for everyone else.

This divide reflects the continued impact of wealth migration that began during the pandemic and continues to shape the region’s real estate landscape. Notably, for the first time in recent years, Florida’s most expensive home sale took place on the west coast instead of the east.

In April, the billionaire DeGroote family sold their waterfront estate in Naples for $225 million, marking not only Florida’s highest-priced home sale ever, but also the second-most expensive residential transaction in U.S. history. This deal surpassed the previous state record set by Larry Ellison’s $173 million purchase of a Manalapan property in 2022.

Within the tri-county region, the most significant sale underscored the deep commitment of the nation’s wealthiest buyers. Cosmetics magnate William Lauder sold an oceanfront parcel in Palm Beach—reportedly to Microsoft Excel inventor Charles Simonyi—contributing to a $350 million property assemblage on the island.

While South Florida’s non-luxury housing sector saw sluggishness this year, the market for homes priced above $10 million thrived. Although economic concerns, primarily around tariffs, caused some temporary delays in the spring, high-end sales ultimately surged forward.

Below are the most expensive residential transactions in South Florida for 2025, as compiled by The Real Deal.

1. ≥$160M | 1063 and 1071 North Ocean Boulevard, Palm Beach
   
   This year’s largest residential sale in South Florida was completed off-market and did not become public record. According to sources, the two oceanfront parcels totaling 2.3 acres sold for more than $160 million. William Lauder had assembled the properties for $66.3 million between 2019 and 2020, later listing them for $177.8 million. The lots boast 360 feet of direct beachfront.

   Christian Angle of Christian Angle Real Estate represented the listing, while Ryan Serhant of Serhant brought in the buyer.

   Additional transactions connected to this assemblage included the $18 million sale of 1066 North Ocean Boulevard and a $30 million deal for 1072 North Ocean Boulevard.

2. $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 Michael Ferro of Merrick Ventures in March. Doronin had purchased the 22,000-square-foot property from Shaquille O’Neal for $16 million in 2009. The residence features six bedrooms, seven bathrooms, a tennis court, pool, and private dock.
3. TIE | $105M | 9 West Indian Creek Island Road, Indian Creek Village & 5940 North Bay Road, Miami Beach
   
   Two Miami-Dade County properties each sold for $105 million this year, tying for third place among the region’s priciest home sales.
   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. The property last changed hands for $27.5 million in 2018. The estate is located next to two parcels that Amazon founder Jeff Bezos acquired last year.

      In July, spec developer Todd Glaser and the Posner Group purchased the 2.3-acre waterfront estate at 5940 North Bay Road for $105 million from developer Sonny Kahn and his wife Suzanne Kohn. The Kohns bought the home for $2.4 million in 1991. Built in 1936, the 19,000-square-foot mansion includes eight bedrooms, 13 bathrooms, three half-baths, and 290 feet of waterfront. Glaser and his partner intend to flip the property for $169 million or redevelop and list it for $300 million.

      Nelson Gonzalez with Berkshire Hathaway HomeServices EWM Realty, along with Zachary Vichinsky and Brett Harris of Bespoke Real Estate, hold the listing.

4. ≥$100M | 4055 Southwest 37th Avenue, Coral Gables
   
   Billionaire Jorge Mas completed an off-market sale of his 7.3-acre compound at 4055 Southwest 37th Avenue in Coral Gables this year. The estate, adjacent to the Kampong Botanical Garden, last sold for $9 million in 2000. Sources told TRD that Mas purchased and flipped the property this year, but the transaction has not yet appeared in official city records.

   Alex Pirez of Mocca Realty represented the seller, while Brett Harris from Bespoke Real Estate represented the buyer.

5. $97.5M | 11465 and 11472 Old Harbour Road, North Palm Beach
   
   William Wrigley Jr., heir to the Wrigley chewing gum fortune, sold his waterfront compound at 11465 and 11472 Old Harbour Road in North Palm Beach for $97.5 million. The 2.5-acre assemblage was acquired by an undisclosed buyer. This off-market deal set a new record for Lost Tree Village—a private golf community—and may be the highest ever in North Palm Beach.
   1. Gary Pohrer of Serhant represented Wrigley, while Donna Hutchins of Douglas Elliman represented the buyer.
6. $86.5M | 203 South Lake Trail, Palm Beach
   
   Jerry Jordan, founder of Hellman Jordan, and his wife Darlene sold their lakefront estate at 203 South Lake Trail in Palm Beach for $86.5 million. It was the most expensive single-family home sale on the island this year, aside from Lauder’s land deal. The couple purchased the 1.7-acre property for $14 million in 2000. Built in 1938, the 13,400-square-foot main house features five bedrooms, eight bathrooms, one half-bath, a swimming pool, and a dock.

   In 2024, the Jordans hired Robert A.M. Stern Architects to design a new mansion on the site