Last year, the Florida real estate market set several records, including one that proved that luxury home buyers still have deep pockets. While many Florida condominium owners saw their home values decline more than other states, the state also saw some of the nation's priciest home sale transactions.
The most expensive sale was a property on Florida's famed Gordon Drive, which closed at a staggering $133 million. This property is the center parcel of one of the largest beachfront properties in the nation.
Homeowners on smaller budgets didn't do nearly as well, as the typical home in the Sunshine State went down in value by $20,444. That's a 5.1% decline, and the steepest of any state in the nation.
However, a five-year study had better news. A study that analyzed Zillow data from August 2020 through August 2025, reported that the value of an average house in Florida went up by 46.5% during those five years. So, the only buyers actually losing money are those who bought in the last few years.
Data for the 10 most expensive home sales during 2025 included four Florida properties, five in California and one in Hawaii.5
