Miami-Dade $10M+ Home Sales (Jan – Mid-April 2025 YTD) – Who's Really Moving the Market?
Alright, let's get real for a second. If you're buying or even thinking about buying a $10 million-plus home in Miami-Dade, you're not just playing in the big leagues — you're basically writing the rules.
And guess what? You're in excellent company.
Quick note: Since the month isn't over yet and sales are reported at different times throughout the month, the numbers below reflect the best estimations based on currently available data.
These estimations were made using MLS closed sales data, active reporting from the Miami Association of Realtors, and tracking pending luxury closings throughout Miami-Dade County.
The State of the Ultra-Luxury Market
As of mid-April 2025, Miami-Dade has seen 105 closed sales priced at $10 million and above.
If you’re trying to find a waterfront estate or a penthouse with its own spa, join the club — it's standing room only.
This isn't just a good year.
It's a chest-thumping, champagne-popping, "tell-your-friends" kind of year.
It's the kind of market where even the valet guy casually mentions he's "thinking about investing in a $12M pre-construction condo — you know, just to diversify."
For context: back in 2019 — before the world flipped upside down — Miami-Dade would see maybe 30–40 $10M+ sales in an entire year.
Fast forward to 2025, and we’ve hit triple digits before most people have even booked their summer yacht charters.
Miami’s ultra-luxury real estate isn't slowing down.
It’s sprinting laps around the competition — in designer sneakers.
Single-Family Homes vs. Condos: Where's the Money Going?
If you’re wondering whether Miami’s big spenders are picking villas or sky mansions, here’s the scoop:
- 65% of $10M+ sales have been single-family homes — think waterfront estates, sprawling compounds, and private docks that could host a small navy.
- 35% of the deals have been condos — and not just any condos — we’re talking about penthouses with private pools, butlers on speed dial, and views so good they should come with their own soundtrack.
Simply put:If you want space, privacy, and your own slice of paradise, buyers are favoring single-family homes.
But if you're all about turn-key luxury, 24/7 service, and that "lock and leave" lifestyle — condos are still flexing hard at the top of the market.
Where Are These Ultra-Luxury Buyers Coming From?
Florida First (But Make It Mostly Miami)
- Miami-Dade County locals: 55 buyers
- Broward County (Fort Lauderdale, Weston, Parkland, etc.): 8 buyers
- Palm Beach County (Boca Raton, Palm Beach, Delray Beach, etc.): 5 buyers
- Other Florida counties: 2 buyers
The Out-of-Staters Making It Rain
- New York: 11 buyers
- New Jersey: 5 buyers
- California: 4 buyers
- Other states (Illinois, Virginia, Texas, and friends): 5 buyers
The Global Touch: International Buyers
Despite Miami’s international reputation, foreign buyers made up only a small fraction of $10M+ sales.
- Foreign buyers: 5 total out of 105.
Breaking it down:
- Argentina: 2 buyers
- Colombia: 1 buyer
- Canada: 1 buyer
- Brazil: 1 buyer
That’s it.
While international interest remains strong at other price points, when it comes to these ultra-luxury trophy properties, it's overwhelmingly domestic buyers leading the parade.
South Americans, Canadians, and Europeans still love Miami, but the mega-purchases are happening largely with American money.
Why Are They Coming?
Besides the obvious — no state income tax, palm trees that look like they were sketched by a dreamy architect, and winters that require nothing more than a linen button-down — there are deeper reasons.
Miami has evolved.
It’s not just about beaches and clubs anymore (though, trust me, those haven't gone anywhere).
It’s tech, it’s finance, it's luxury brands planting flags, Michelin-star restaurants multiplying like rabbits, and art fairs so big they’re practically small cities.
People aren't just buying second homes here anymore.
They're bringing their businesses, their portfolios, and their "I need four garage spaces for my car collection" problems.
A Little About How We Got These Numbers
Because transparency matters (and, let’s be honest, if you're buying a $10M+ estate, you're used to seeing receipts), here's how we estimated everything:
- We used actual MLS closed sales reports through April 15, 2025.
- We tracked pending transactions and verified closings through Miami Association of Realtors' luxury market reports.
- We factored in slight delays for late-recorded closings typical at the ultra-luxury level.
Think of this as an ultra-curated, ultra-verified, "almost-live" snapshot of what’s happening in Miami’s mega-luxury world.
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What This All Means
Miami’s $10M+ market isn’t just thriving.It’s flexing. It's doing laps around Palm Beach.It’s pulling up in a custom-painted Rolls-Royce and tossing the keys to a valet who’s also an aspiring crypto entrepreneur.
Two-thirds of these mega-home buyers are already Miami-Dade locals or from nearby Broward and Palm Beach — meaning the wealth is homegrown (with just a few sprinkles of well-tanned newcomers from the Northeast and West Coast).
And the narrative that Miami's mega-mansions are all being snapped up by foreign billionaires?
Totally outdated.
Sure, international money is still in the mix, but it's America's elite — especially those escaping taxes, cold winters, and long commutes — who are now making the Magic City their permanent playground.
This year, buying a $10 million home isn't just about having the money — it’s about joining an ecosystem.It’s about picking up your morning cafecito after your sunrise yacht session.
It’s about strolling past billion-dollar developments with your dog and thinking, "Maybe I'll buy a condo here too… for the guest list."
You’re not just buying property.
You’re buying into Miami’s future — one with a whole lot of ocean views, art deco nostalgia, cutting-edge tech, and just the right amount of "yes, that's my yacht" energy.
If you’re curious about where the best $10M+ listings are hiding (hint: they're not all on Zillow) or just want to chat about which house has the best sunrise view from the pool cabana — I'm your guy.
Let's talk.
And yes, cafecito is included. ☕
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Key Points ✨
- Miami-Dade saw 105 closed sales priced at $10M+ through mid-April 2025.
- Locals dominated: Miami-Dade, Broward (Fort Lauderdale, Weston, Parkland, etc.), and Palm Beach (Boca Raton, Palm Beach, Delray Beach, etc.) buyers made up the majority.
- New York, New Jersey, and California were the top out-of-state contributors.
- Foreign buyers accounted for just 5 out of 105 sales, primarily from Argentina, Colombia, Canada, and Brazil.
- Single-family homes made up about 65% of $10M+ sales, with condos claiming the other 35%.
- Despite Miami’s international reputation, domestic wealth is driving the current ultra-luxury boom.
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