According to new Redfin research, a beachfront compound in Naples, Florida has set the high-water mark for U.S. residential real estate this year, selling for a record $133 million in April 2025. The nine-figure sale underscores the dominance of Florida and California in the nation’s luxury housing market, with every one of the top 10 sales of 2025 so far closing at prices above $55 million.
Florida and California continue to trade places atop the high-end market, with each state claiming four of the year’s most expensive home sales. Los Angeles alone has logged four deals in the top 10, including a $110 million estate in Bel-Air that ranks as the second-highest transaction of the year. Other headline deals include a $74.3 million waterfront property in Miami Beach and a $65.8 million oceanfront estate in Honolulu, according to Redfin.
New York and Hawaii are the only other states to break into the top 10, with a $60 million Manhattan duplex and a luxury residence in Honolulu rounding out the list…