Navigating the Waves: South Florida's Luxury Real Estate Boom and Future Outlook for 2026

South Florida's luxury real estate market saw record sales in 2025, with 361 properties over $10 million sold, driven by ultra-high-net-worth buyers seeking waterfront estates, branded residences, and high-amenity condos. Domestic wealth migration from high-tax states fuels demand amid limited supply, pushing prices up. In 2026, growth will continue with a focus on sustainability, smart home technology, lifestyle amenities, and prime locations, despite economic and climate challenges.