Ultra-luxury real estate broke records in 2025, defying slow market
The national real estate market may have slowed last year, but the ultra-luxury sector kept breaking records.
The top ten priciest home sales in the U.S. in 2025 all surpassed $100 million — up from five in 2023 and seven in 2024.
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Minted, cash-rich buyers went all in on expanding their sprawling real estate portfolios — from rustic Western ranches to pricey NYC perches and lavish South Florida estates, the Wall Street Journal reported.
Data compiled by the Journal and appraiser Jonathan Miller demonstrated how ultra-luxury sales stood alone last year.
The outlet dubbed 2025 the “the year of the $100 million house,” signaling a new threshold for the future of ultra-luxury deals.
“The separation between the haves and have-nots is expanding, and it is being reflected in real estate,” Miller told the Journal.
The market surpassed the low-rates buying spree of 2021.
Tax havens like Florida attracted more sales above $50 million than luxury market counterparts in New York and California, the Journal reported. The Sunshine State enjoyed six entrants into the country’s top ten real estate deals.
Those deals included a record-setting $225 million sale in Naples — now the nation’s second most expensive on record.
Other high-rollers included the $120 million off-market sale of Vladislav Doronin’s Star Island pad and a $105 million patch of grass next to Jeff Bezos’ Indian Creek estate.
New York’s sole entrant into the nine-figure club was the hush-hush $115 million sale of former Yahoo and Warner Bros. boss Terry Semel’s East Hampton estate.
The off-market buyer was identified in November as Ukrainian-born energy billionaire Len Blavatnik.
Two California homes snagged $110 million deals in 2025. The first deal in May saw Australian billionaire James Packer secure Mohamed Hadid’s former Bel-Air mega-mansion. The second $110 million trade came in August, when Eric and Wendy Schmidt bought the notorious Spelling Manor.
Palantir CEO Alex Karp snuck Colorado into nation’s the top three sales with his December purchase of a Colorado monastery, shelling out $120 million.
The roughly 3,700-acre ranch near Aspen was home to an order of monks, St. Benedict’s Monastery, for several decades.
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