Hibiscus/Star/Palm Islands with Miami skyline at waterfront sunset, iconic bay views in an area known for luxury and ultra luxury condos; prime resale.
Hibiscus/Star/Palm Islands with Miami skyline at waterfront sunset, iconic bay views in an area known for luxury and ultra luxury condos; prime resale.

Miami vs. Palm Beach: Where Do Families Prefer to Live and Invest in 2026?

South Florida’s luxury market is being shaped less by local seasonality and more by durable global behavior: cross-border capital, tax-driven domestic migration, and a scarcity of irreplaceable coastal land. This 2026 lens matters because the market is no longer one monolithic “South Florida” story. Miami-Dade and Palm Beach County are moving at different speeds, with negotiating dynamics shifting alongside inventory and pricing behavior. For sophisticated buyers, the opportunity is in knowing where scarcity is structural, where pricing is normalizing, and how to underwrite lifestyle value with the same rigor as a balance sheet.

Historic white mansion and gardens in Coral Gables - classic architecture near luxury and ultra luxury condos, with preconstruction and resale opportunities.
Historic white mansion and gardens in Coral Gables - classic architecture near luxury and ultra luxury condos, with preconstruction and resale opportunities.

Coral Gables vs. Palm Beach: Historic Charm and High Society in Two Iconic Florida Enclaves

Two historic South Florida enclaves offer distinct versions of legacy living: Coral Gables’ master-planned, Mediterranean Revival “City Beautiful” and Palm Beach’s island tradition defined by Mediterranean-inspired architecture, preservation, and luxury retail. This MILLION Luxury editorial frames the decision around architecture, preservation rules, lifestyle corridors, and market positioning, then translates those differences into practical buyer profiles.

Four Seasons Coconut Grove luxury condominium balcony at sunset—bay vistas defining ultra luxury and luxury condos; preconstruction.
Four Seasons Coconut Grove luxury condominium balcony at sunset—bay vistas defining ultra luxury and luxury condos; preconstruction.

Top 8 Trophy Deals Defining South Florida Luxury Real Estate in 2025

From $225 million waterfront assemblages to nine-figure off-market Coconut Grove trades and record-setting condo penthouses, 2025 reinforced South Florida’s position as a global trophy-market with its own rules of privacy, cash, and scarcity.

The Ritz‑Carlton South Beach sunrise skyline over Miami Beach—oceanfront landmark amid luxury and ultra luxury condos; resale.
The Ritz‑Carlton South Beach sunrise skyline over Miami Beach—oceanfront landmark amid luxury and ultra luxury condos; resale.

Luxury Condo or Oceanfront Estate in South Florida? The Service vs Privacy Equation

In South Florida, ultra-luxury buyers increasingly choose between two distinct definitions of “the good life”: the full-service, hospitality-led condo and the private, land-forward single-family estate. This editorial breaks down how amenities, wellness, staffing, security, and long-term ownership realities shape that decision in Miami-beach and Palm-beach markets.

Palm Beach, Florida coastline and island vistas from above—iconic Gold Coast setting for luxury and ultra luxury condos; robust preconstruction and resale inventory.
Palm Beach, Florida coastline and island vistas from above—iconic Gold Coast setting for luxury and ultra luxury condos; robust preconstruction and resale inventory.

South Florida’s Trophy Market in 2025: When Record Sales Become the Story

In South Florida, the top of the market is not merely resilient. It is narrative-driven. From a $120 million Star Island trade reported as a Miami-Dade single-family record to an $86 million condo penthouse widely covered as the county’s priciest condominium sale, 2025 reinforced a modern truth: in the trophy tier, price is only part of the product. The rest is provenance, privacy, design authorship, and the ability for a residence to function as cultural capital. This MILLION Luxury editorial unpacks what the year’s headline deals reveal about how ultra-luxury is marketed, negotiated, and valued across Miami-beach and Palm-beach, and what sophisticated buyers and sellers should watch next.

The Ritz‑Carlton South Beach private home theater interior, Miami Beach—entertainment retreat in a zone of luxury and ultra luxury condos; resale.
The Ritz‑Carlton South Beach private home theater interior, Miami Beach—entertainment retreat in a zone of luxury and ultra luxury condos; resale.

The New South Florida Man Cave: Private Entertainment Suites as the Ultimate Luxury Amenity

In South Florida’s top tier, the “man cave” has graduated into something far more serious: a private, resort-caliber entertainment suite designed for hosting, wellness, and discretion. From hidden cigar lounges and wine-tasting rooms to cinema-quality theaters and club-style recreation, these spaces are increasingly treated as core real estate value rather than optional flex rooms. Here is how the trend is showing up across Miami-beach, Sunny Isles, Palm-beach, and beyond, and what sophisticated buyers should demand when evaluating them.

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MILLION is a luxury real estate boutique specializing in South Florida's most exclusive properties. We serve discerning clients with discretion, personalized service, and the refined excellence that defines modern luxury.