The Resilience Premium: How Climate Risk Is Repricing South Florida’s Waterfront Luxury

In South Florida’s ultra-prime market, waterfront value is increasingly underwritten like an operating asset. Buyers still pay for light, views, and prestige, but they also price elevation, engineered protections, and insurability. With global sea level already higher than a century ago and climate analytics widening beyond FEMA maps, the luxury conversation is shifting from “Is it beautiful?” to “Is it durable?” This MILLION Luxury editorial frames the resilience premium through market pricing signals, underwriting realities, and the specific choices that help protect long-horizon ownership.