Florida ranks second nationwide for most expensive home on market

By Jim Stinson
| 3:30 p.m. October 3, 2023

Florida

As Florida's population booms because of inward net migration — partially and presumably because the Sunshine State is cheaper than Northeastern states — a reminder came Tuesday that not all parts of the state are cheap.

In fact, some may set records.

A home property in Palm Beach (not Mar-a-Lago) got Florida ranked No. 2 national in a study that looked at states with the highest listed price for a house. The home is on a private, human-made island in Palm Beach, and developers are asking $218 million.

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Only California is selling a higher priced home, in Los Angeles, where a billionaire hopes to get $250 million for the estate.

The research was done by Point2 Homes, which looked at the top home-asking prices in all 50 states.

The Real Deal, a Miami real estate news site, says the redeveloped Palm Beach home, located at 10 Tarpon Isle, is currently off the market and on a sales hiatus. Still, if the home sells for more than $173 million, it would break the Florida record set by billionaire Larry Ellison, who bought a home on a 16-acre estate in Manalapan in 2022.

The estate at 10 Tarpon Isle is located a few blocks north of Donald Trump's Mar-a-Lago, along A1A.

author

Jim Stinson

Jim Stinson is the Business Observer's Tampa Bay business reporter and editor, having previously written about business and policy in Washington, D.C.; Rochester, New York; Gary, Indiana; and Daytona Beach. He attended Boston University for business and Indiana University for journalism.