Florida is often associated with beautiful beaches, warm weather, and the added financial benefit of no state income tax. The Sunshine State also tends to be more affordable compared to other states, with the overall cost of living being 2% lower than the national average, according to RentCafe. Housing costs are generally on par with national averages.
However, while some parts of Florida offer affordable living, others require a multimillion-dollar budget to buy a home. A recent analysis by Stacker has identified the most expensive cities in Florida for homebuyers in 2025. Below is a detailed look at the top 12 cities with the highest property values.
12. Anna Maria
- Typical home value: $1,988,192
- 1-year price change: –5.3%
- 5-year price change: +100.2%
Anna Maria, known for its serene beaches and charming island vibes, has seen a significant 100.2% price surge in the past five years, despite a recent 5.3% drop in value over the last year.
11. Pinecrest
- Typical home value: $2,082,579
- 1-year price change: +7.3%
- 5-year price change: +114.5%
Located in Miami-Dade County, Pinecrest offers luxurious suburban living with top-tier schools and upscale amenities. Home values here have surged by 114.5% over the last five years.
10. Palm Beach
- Typical home value: $2,127,973
- 1-year price change: +1.9%
- 5-year price change: +95.4%
Palm Beach is synonymous with wealth and exclusivity, attracting high-end buyers looking for beachfront properties and a lavish lifestyle.
9. Gulf Stream
- Typical home value: $2,589,663
- 1-year price change: +1.3%
- 5-year price change: +91.2%
This small coastal town offers privacy and exclusivity, making it a popular choice for affluent homebuyers despite its relatively modest population.
8. Golf
- Typical home value: $2,856,514
- 1-year price change: +6.2%
- 5-year price change: +153.8%
Golf, Florida, is a tiny, elite community with sprawling estates and pristine landscapes, explaining the dramatic 153.8% increase in home values over the past five years.
7. Boca Grande
- Typical home value: $2,932,851
- 1-year price change: -2.5%
- 5-year price change: +81.5%
A favorite among wealthy retirees and seasonal residents, Boca Grande offers a blend of historic charm and waterfront luxury, despite a slight 2.5% dip in the past year.
6. Jupiter Inlet Colony
- Typical home value: $3,629,533
- 1-year price change: -0.3%
- 5-year price change: +127.4%
This exclusive enclave on the northern tip of Jupiter Island provides breathtaking ocean views and a secluded, high-end lifestyle.
5. Manalapan
- Typical home value: $4,024,925
- 1-year price change: -2.1%
- 5-year price change: +101.1%
Manalapan is home to some of Florida’s most luxurious waterfront estates, making it a prime location for multimillionaires despite a slight price drop in the past year.
4. Lake Buena Vista
- Typical home value: $5,487,628
- 1-year price change: +8.1%
- 5-year price change: N/A
Located near Walt Disney World, Lake Buena Vista is a unique addition to this list, with high home values driven by its proximity to world-famous attractions and high-end resorts.
3. Fisher Island
- Typical home value: $6,015,499
- 1-year price change: +7.9%
- 5-year price change: +94.7%
Accessible only by boat or ferry, Fisher Island is one of the most exclusive communities in the U.S., with ultra-luxury condominiums and elite amenities.
2. Golden Beach
- Typical home value: $7,426,448
- 1-year price change: +2.9%
- 5-year price change: +100.0%
Golden Beach is an oceanfront paradise featuring private beaches and extravagant estates, making it a highly sought-after location for affluent buyers.
1. Jupiter Island
- Typical home value: $9,399,460
- 1-year price change: +0.1%
- 5-year price change: +73.7%
Jupiter Island tops the list as the most expensive place to buy a home in Florida, boasting breathtaking oceanfront properties and a quiet, elite atmosphere favored by celebrities and business tycoons.
Final Thoughts
While Florida offers a range of housing options for different budgets, these cities cater to the ultra-wealthy, with home values well beyond the reach of the average buyer. Whether you’re looking for oceanfront estates, private island living, or elite suburban enclaves, these locations represent the pinnacle of Florida’s luxury real estate market in 2025.
