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.
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.