1014 ET - A new Redfin report shows that half of the nation's 10 priciest home listings are in coastal Florida, with three in Southern California, one in New York City, and one in Lake Tahoe. They all exceed $100 million, with two surpassing $200 million. Despite Florida's rising natural disaster risks and insurance costs, its luxurious beachfront lifestyle, warm climate, and no state income tax draw wealthy buyers. Towns like Miami Beach and Naples boast extravagant estates for the ultra-rich. Los Angeles and New York also attract millionaires and billionaires. Last month's top sales included three in coastal Florida, three in Manhattan, two in Los Angeles, and two in Aspen. The highest was a $53.5 million 5th Avenue apartment in New York, followed by a $50.5 million Delray Beach, FL, estate. (chris.wack@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 10:14 ET (15:14 GMT)
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