Florida is once again the undisputed king of ultra-luxury real estate in the United States. According to Redfin’s latest data (March 2026), Florida and New York dominated the country’s priciest home sales in February 2026, with oceanfront estates and exclusive barrier island properties commanding prices above $50 million.
A never-before-listed oceanfront estate in Manalapan, FL — an ultra-exclusive enclave near Palm Beach — became the most expensive U.S. home sale of February 2026, closing at over $68 million. Two properties in the same barrier island sold in the same month, underscoring how deep the demand for Florida’s coastal luxury lifestyle runs.
What does this mean for Miami buyers and sellers? Miami continues to be Florida’s flagship luxury market, attracting ultra-high-net-worth buyers from across Latin America, Europe, and beyond. The desirability of South Florida’s coastal lifestyle, no state income tax, and international connectivity keep demand at the top of the market exceptionally strong.
Whether you’re buying, selling, or investing in Miami’s luxury segment, this is the moment to act with expert guidance. Reach out to us today to explore what the market can do for you.
Source: Redfin Real Estate News — March 23, 2026 | redfin.com/news
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