Residential Real Estate News
Florida, California Continue to Reign Supreme as America's Ultraluxury Housing Markets
Naples Beach Compound Tops 2025's Luxury Home Sales List at $133 Million
According to new Redfin research, a beachfront compound in Naples, Florida has set the high-water mark for U.S. residential real estate this year, selling for a record $133 million in April 2025. The nine-figure sale underscores the dominance of Florida and California in the nation's luxury housing market, with every one of the top 10 sales of 2025 so far closing at prices above $55 million.
Florida and California continue to trade places atop the high-end market, with each state claiming four of the year's most expensive home sales. Los Angeles alone has logged four deals in the top 10, including a $110 million estate in Bel-Air that ranks as the second-highest transaction of the year. Other headline deals include a $74.3 million waterfront property in Miami Beach and a $65.8 million oceanfront estate in Honolulu, according to Redfin.
New York and Hawaii are the only other states to break into the top 10, with a $60 million Manhattan duplex and a luxury residence in Honolulu rounding out the list.
2025's Top 10 Residential Sales (To Date)
- Naples, FL - $133M | April | 2200 Gordon Dr.
- Los Angeles, CA - $110M | May | 630 Nimes Rd.
- Miami Beach, FL - $74.3M | April | 88 La Gorce Cir.
- Honolulu, HI - $65.8M | March | 4823 Kahala Ave.
- Beverly Hills, CA - $63.1M | June | 71 Beverly Park
- Miami Beach, FL - $60M | March | 66 La Gorce Cir.
- New York, NY - $60M | March | 150 Charles St., Unit 9A
- Beverly Hills, CA - $60M | April | 1028 Ridgedale Dr.
- Los Angeles, CA - $57.3M | May | 391 N. Carolwood Dr.
- Manalapan, FL - $55.5M | May | 1140 S. Ocean Blvd.
Month of June Market Leaders
June's most expensive closing -- the $63.1 million sale of a Beverly Hills villa -- landed among the year's overall top five. Two other notable sales that month included a $46 million transaction on Miami Beach's San Marino Island and a $38.8 million Palm Beach oceanfront estate. All ten of June's highest-priced deals cleared $30 million, spanning California, Florida, New York, and Nevada.
June 2025's Top 10 Residential Sales
- Beverly Hills, CA - $63.1M | 71 Beverly Park
- Miami Beach, FL - $46M | 55 E. San Marino Dr.
- Palm Beach, FL - $38.8M | 1742 S. Ocean Blvd.
- New York, NY - $38.2M | 9 W. 54th St.
- Lake Tahoe, NV - $37.5M | 1806 US Highway 50, Unit 2
- Palm Beach, FL - $33M | 690 Island Dr.
- Beverly Hills, CA - $32M | 1120 Wallace Ridge
- Los Angeles, CA - $32M | 750 Lausanne Rd.
- Beverly Hills, CA - $32M | 1414 Donhill Dr.
- Atherton, CA - $31.8M | 96 Ridge View Dr.
Redfin reports that luxury U.S. homebuyers continue to show strong appetite for trophy homes in coastal markets, even as broader housing markets cool under pressure from rising borrowing costs and insurance premiums. In Florida, high home insurance rates and mounting HOA fees -- driven by extreme weather risks -- have slowed sales velocity, but not demand at the ultra-high-end. Deep-pocketed buyers remain undeterred, favoring properties that offer privacy, waterfront access, and long-term appreciation potential.
