Ultra-Luxury Condominiums Continue to Command Demand Across South Florida
While the broader condominium market across South Florida has experienced a noticeable cooling, demand for ultra-luxury residences remains resilient. Across Miami-Dade, Broward, and Palm Beach counties, high-net-worth buyers continue to transact at record-setting levels, largely insulated from the pressures affecting the wider market.
Rising insurance costs linked to natural disasters, elevated mortgage rates, tighter lending conditions, and increased homeowner association fees following the Surfside tragedy have all contributed to softened demand in conventional segments. However, for ultra-high-net-worth individuals, these factors are far less influential. With significant liquidity and a long-term outlook, this buyer profile remains focused on quality, location, and scarcity.
Miami-Dade Leads the Ultra-Luxury Market
Geographically, the ultra-luxury condominium sector continues to be overwhelmingly concentrated in Miami-Dade County. Of the at least 15 condominium sales exceeding $20 million in South Florida this year, all but one occurred within Miami-Dade. Although this represents a modest decline from the 17 such transactions recorded last year, pricing strength and buyer confidence remain firmly intact.
Below are highlights from some of the most significant condominium sales of 2025, underscoring the depth and durability of the top end of the market.
No. 1: Seaway at the Surf Club — Surfside
In November, a penthouse at Seaway at the Surf Club, located at 9149 Collins Avenue, set a new Miami-Dade County record, closing at $86 million. The residence was sold by an affiliate of Fort Partners, the project’s developer, to a Delaware-registered entity. The transaction achieved approximately $5,357 per square foot, reaffirming the Surf Club’s position as one of the most coveted addresses in the country.
No. 2: Four Seasons Residences at the Surf Club — Surfside
In July, Unit S-PH2 at Four Seasons Residences at the Surf Club closed for $38.2 million, translating to $6,731 per square foot. The sale further reinforced the premium commanded by branded residences paired with world-class amenities and service.
No. 3: Oceana Bal Harbour — Bal Harbour
October brought a record-setting sale to Bal Harbour, where a double-sized residence at Oceana Bal Harbour closed for $30 million. The buyers, acquired Units 2601S and 2602S at 10201 Collins Avenue, with the purchase including furnishings and parking. The sale achieved $4,098 per square foot, setting a benchmark for the enclave.
The buyers were represented by Joelle Oiknine, Marie Miller, and Nathalie Attias of One Sotheby’s International Realty.
For discerning purchasers, these residences are not merely homes—they are long-term assets, lifestyle statements, and secure allocations of capital in one of the world’s most globally connected luxury markets.
As South Florida continues to evolve, one trend remains clear: the ultra-luxury segment operates by its own rules—and it shows no signs of slowing.
