The South Florida luxury real estate market is booming, with numerous homes exceeding $100 million listed recently, including a $285 million property in Manalapan and a $150 million listing in Miami Beach. These stunning prices are not new but have surged post-pandemic as affluent individuals flock to the area for its tax advantages and sunny climate. High-profile transactions include hedge fund billionaire Ken Griffin's significant purchases in Palm Beach. The trend is also seen in Miami's condo market, with notable figures like Elon Musk eyeing properties at similar price points.
These eye-watering prices aren't exactly new and have been seen more frequently in South Florida since the pandemic, with the richest of the rich high-tailing down to the sunshine and low taxes.
Billionaire bastions are emerging in South Florida, with numerous homes listed above $100 million, reflecting a growing trend in luxury real estate.
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