Florida Multimillion Dollar Market

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

Presented by the Florida real estate lawyers at Rabideau Klein

$5 Million-plus Houses: Florida’s heavy hitter agents inch up average price point to $7M
Recently making $50 to $60 million deals, these Florida realtors are making a big impression in Florida’’s real estate industry and helped push the average mean ultrluxe home price to $7.1M during the last three months: Lawrence Moens of Lawrence A. Moens Associates, Madison Collum of One Sotheby’s International Realty, Sohely Van Woerkom of Golden Ocean Real Estate, Mark Bennett of the Corcoran Group, and Todd Peter of Sotheby’s International Realty.

During August, the top two sales of 99 in the ultraluxe condo category was the $36 million purchase of a Coral Gables two-acre estate, and the $35 million purchase of 37 Star Island Drive in Miami Beach.

$5 Million-plus Condos: Miami-Dade tallies Florida’s top 3 August condo sales
Of August’s 26 condo sales in the advertised $5 million-plus category, Miami-Dade County contributed the top three. Miami, Miami Beach and Surfside provided the priciest at $19.5, $19.25 and $$18.5 respectively.

The month’s largest listing was the $27 million offering of an upper penthouse located in downtown Miami at 99 SE 5th Street, one of 83 in the ultraluxe category.

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.