Latest Trends in Florida Real Estate – August 2025

Florida’s property market is currently at a crossroads, showing both cooling signs and sustained demand driven by ultra-luxury segments.

1. Home Prices Are Cooling, Especially in Miami & Tampa

As of August 2025, home prices in Florida have dropped by approximately 3.8% in Miami and nearly 6% in Tampa year-over-year. This trend reflects the impact of increased inventory, mortgage rates, and insurance costs on affordability.searchthegulf.com+14Axios+14Business Insider+14

2. Manalapan: The New Hotspot for the Ultra-Wealthy

Manalapan is rapidly emerging as a luxury property magnet. Notable sales include mega-estates near Mar-a-Lago, with multiple properties fetching $20M+. A groundbreaking $285M oceanfront megamansion is now underway, poised to be America’s most expensive home.New York Post+3The Wall Street Journal+3New York Post+3

3. Gables Estates Overtakes Beverly Hills for Price

Gables Estates in Coral Gables has now become the most expensive neighborhood in the U.S., surpassing Beverly Hills. With lavish waterfront properties, private docks, and strict access controls, it attracts tech moguls and billionaires alike.Business Insider+2New York Post+2

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Market Insights

• Value Adjustment in Mid-Tier Markets: While ultra-luxury demand persists in exclusive enclaves, broader price declines point to a market correction.

• Affordability Challenges: Insurance premiums, floating mortgage rates, and slowdowns in migration are putting pressure on mass-end buyers.

• Selective Luxury Demand: Ultra-high-net-worth buyers still flock to private coastal communities, investing in large estates with top-tier amenities.

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Recommendation Table

Segment	Insight & Strategy
Miami & Tampa	Buyers benefit from softening prices—opportunity for value acquisitions.
Manalapan	Ideal for ultra-luxury development or high-end listing exposure.
Gables Estates	Target exclusive listings for niche, affluent buyers seeking privacy and pedigree.
Wider Florida	Position mid-range listings for buyers scaling down or seeking affordability.

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Sources:

• Home price drops in Miami & Tampa: ZILLOW (Aug 2025)The Wall Street Journal+4Axios+4Business Insider+4The Wall Street Journal

• Manalapan trends & $285M megamansion: WSJ & New York PostBusiness Insider+4The Wall Street Journal+4New York Post+4

• Gables Estates status: Business Insider (today)Business Insider+1

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