10 Most Expensive Home Sales of 2025 — and What They Could Signal About 2026’s Market
Written by
G. Brian Davis
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Amen Oyiboke
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The ten most expensive homes sold in 2025 still cost a pretty penny — but didn’t rise to the level of 2024 ultra-luxury prices.
It was a year that transitioned from a seller’s to a buyer’s market. But what does 2026 hold in store for housing, and what can we glean from the top home sales last year about which ways the winds are blowing?
10 Most Expensive Homes Sold in 2025
Of the ten costliest homes sold last year, per Redfin, all but one of them were in Florida or California.
- 2200 Gordon Dr., Naples, FL 34102: $133 million
- (Tie) 594 S. Mapleton Dr., Los Angeles, CA 90024: $110 million
- (Tie) 630 Nimes Rd., Los Angeles, CA 90077: $110 million
- 3585 Anchorage Way, Miami, FL 33133: $101.5 million
- 11465 Old Harbour Rd., North Palm Beach, FL 33408: $97.5 million
- 329 Albion Ave., Woodside, CA 94062: $85 million
- 28719 Grayfox St., Malibu, CA 90265: $80 million
- 88 La Gorce Cir., Miami Beach, FL 33141: $74.3 million
- 4823 Kāhala Ave., Honolulu, HI 96816: $65.8 million
- 71 Beverly Park, Beverly Hills, CA 90210: $63.1 million
By contrast, Realtor.com reports that the most expensive home sold in 2024 went for $210 million. In fact, each of the top four homes sold in 2024 fetched higher prices than the top home in 2025.
At the ZIP code level, PropertyShark reports that Florida topped the list of the most expensive ZIP codes, led by Fisher Island (33109). However, California still claimed seven of the 10 priciest ZIP codes.
Sustained Buyer’s Market in 2026
Most housing analysts see the buyer’s market continuing through 2026, even as demand will strengthen. “Buyers have options again, and will absolutely hold out for quality, design and privacy,” said Julian Buckner, CEO of luxury home staging firm Vesta Home.
Lower interest rates would, of course, boost affordability, but they may also unlock more supply. Plenty of would-be sellers have opted to hold rather than lose their cheap mortgage. But lower rates could boost the supply side of the market, not just the demand side.
Bifurcated Housing Market
Marc Serrano of Linden Strauss Advisors sees a tale of two housing markets. “Ultra-prime real estate does not play by the same rules as conventional housing. At this level, buyers are not paying for square footage. They are paying for history, privacy and assets that are genuinely irreplaceable,” said Serrano.
Even within the luxury segment, the market looks different at the top. “Unique, turnkey, design-led homes will remain extremely resilient,” said Buckner. “The middle of the luxury market will need to elevate its product or accept price corrections.”
While the U.S. still suffers a shortage of affordable housing and demand will remain strong for entry-level homes, mid-range properties will likely linger longer on the market in 2026.
Tax Rates and Privacy Matter
The ultra-wealthy approach homebuying differently than the average buyer. Homes are often just one component of a global asset portfolio.
Still, some top-tier trends apply to the broader market. All of the most expensive homes sold offer exceptional privacy — a feature middle and upper-middle-class buyers also pay a premium for.
Americans also appear to be voting with their feet when it comes to taxes. Among the top five states for inbound migration reported by the Census Bureau, three levy no income tax: Texas, Florida and Tennessee. Meanwhile, the top five states for outbound migration all impose relatively high taxes: California, New York, Illinois, New Jersey and Massachusetts.
“Tax-advantaged, lifestyle-driven markets with constrained supply will continue to outperform in 2026,” Buckner said. “Others will continue to stagnate.”
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