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South Florida’s biggest residential sales of 2020
Top sales were scattered throughout Miami Beach, Palm Beach and Coral Gables Miami /
From left: 300 North Lake Way, 1095 North Ocean Boulevard and 8 South Lake Trail (Google Maps)
South Florida’s ultra-luxury home market boomed in 2020, setting new records throughout the pandemic.
Buyers from high tax markets in the Northeast and California flocked to Palm Beach, Miami Beach and nearby towns, absorbing nearly all of the waterfront luxury home inventory. As people transitioned to working from home, they headed south in big numbers, looking to Florida and its lack of state income tax. That residential migration has included finance and tech executives, who are also opening up offices in the Magic City.
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