Florida Multimillion Dollar Market

August 2023 report: Florida’s highest end luxury residential real estate

Presented by the Florida real estate lawyers at Rabideau Klein

$5 Million-plus Houses: 10% increase in mean average of ultraluxe segment
While the Moving to Florida Guide reports the Florida July home price average at a 1% year-over-year increase, here, the ultraluxe homes experienced a 10% increase during the last three months as compared to the same period of last year.

The largest July sale and one of the Top 10 for the last 12 months was the $68 million Inlet Drive purchase in Palm Beach orchestrated by Lawrence Moens of Lawrence A. Moens Associates and Madison Collum of One Sotheby’s International Realty.

$5 Million-plus Condos: $24M for Fisher Island condo
Miami Beach, a big player in the ultraluxe condo market, just chalked up the largest July sale in Florida with the $24 million purchase of 7403 Fisher Island Drive by U.S. property tycoon, Michael Flacks of Flacks Group.

Additionally, two Miami-Dade condos topped July’s new listings when they entered the market at $30 and $28 million, specifically, unit TS 48 at The Estates at Acqualina North in Sunny Isles Beach and 7744 Fisher Island Drive.

Florida Multimillion Dollar Market Brief
Each issue reports on the advertised Florida real estate activity for the prior month in the category of ultra-luxury residential sales and listings of single-family homes and condominiums priced at $5 million or more. The information reflects all data entered by the last day of the prior month. When a sale or listing for that month is posted after the last day of the month, that information will be rolled into the following month’s report. The Florida Multimillion Dollar Market Brief reports on real estate with residential property such as single-family home, condo, co-op and townhouse types, and does not include land-only, multi-family homes, and mobile home types.

All information contained in the report is deemed to be reliable, but is not guaranteed. Neither Rabideau Klein, nor any of its employees makes any representations or warranties as to the accuracy of its contents.

The Rabideau Klein Florida Multimillion Dollar Market is a monthly 8-page resource that focuses on the luxury real estate industry in the State of Florida and reveals a continuum of developing sales and listing trends.
  1. The Top Single Family Home and Condominium Volume of Sales
  2. The Top Single Family Home and Condominium Average Sale Prices
  3. Tracks Residential Properties Listed or Sold for $5 Million or More

Each report shows meaningful tracking of the leading luxury real estate transactions including average pricing and sales volumes for three-, six-, and twelve-month intervals.