California’s Luxury Housing Market Gets a Big Boom as It Dominates Most Expensive Homes List—but Wild $150 Million Florida Compound Still Comes Out on Top

A gargantuan legacy compound tucked away on Miami Beach‘s exclusive Palm Island just splashed onto the market for an eye-watering $150 million—and onto the top of the most expensive homes list.

Last week, Florida made headlines when America’s “most expensive new construction home” barged onto the market in Manalapan, with an asking price of $285 million—despite the fact that it will take three more years to complete.

And now the Sunshine State is at it again, this time offering up “The Palm Compound,” which is comprised of a trio of mansions that sit on 2.07 acres with 300 feet of water frontage and “multiple docks for yachts.”

The interior living area found among three “side-by-side” residences features 35,385 square feet of luxurious space.

Highlights include 21 bedrooms, 25 bathrooms, three swimming pools, and garages to accommodate up to 20 vehicles.

However, while Florida may have topped the most expensive homes list, it is California that dominates overall, with four ultrapricey listings landing a spot among the week’s most expensive properties—including a staggering Beverly Hills estate on the market for $60 million.

Other jaw-dropping abodes this week include a 24-acre mountain ranch in Idaho and an enormous legacy compound in Aspen, CO, with a 15,943-square-foot, indoor athletic facility.

10. 4469 Waiakalua St Unit F, Kilauea, HI 

Price: $30,000,000

Kauai island: This North Shore seaside estate comes with a 44.63-acre certified organic farm.

Built in 2008, the 4,059-square-foot residence boasts a unique Hawaiian-Japanese style with custom Afromosia and teak cabinets, stone floors, and cathedral wood ceilings. The farm with Class B soil and tropical fruit trees offers 26 farmable acres and 14.5 acres “planted with organic turmeric, ginger, and galangal.”

The lush property also has a detached garage, deep-water well, a packing barn, hoop houses, and a wash station.

9. 35-37-39 E 63rd St, New York, NY

Price: $34,500,000

Upper East Side: This 16-bedroom “ultra-luxury” apartment building is located just one block from Central Park.

The 20,036-square-foot structure is said to be owned by real estate developer Mitchel Maidman, who purchased the three residences in 2005 and transformed them into luxurious rentals. Each residence has a great room with a wood-burning fireplace and a spa-inspired bathroom.

The six-story dwelling with a doorman and concierge also features two elevators and a rooftop terrace.

8. 101 Old Ranch Rd, Ketchum, ID

Price: $35,000,000

North Fork Ranch: This 24.17-acre mountain retreat boasts five separate lots, “each with building envelopes.”

The five-bedroom estate built in 2006 boasts 7,186 square feet of custom designed space, including a great room with a wood-burning stove overlooking a pond, and a first-floor primary suite with access to a private terrace. There is also a library, a media room, and an entertainment room with a bar.

The spacious lot also features multiple outbuildings, including a horse/toy barn.

7. 25079 Jim Bridger Rd, Hidden Hills, CA

Price: $36,000,000

Ashley Ridge enclave: This six-bedroom mansion surrounded by spectacular views of the San Gabriel Mountains boasts a unique “olive tree centerpiece” in the foyer.

Built in 2023, the 16,779-square-foot open floor plan features modern details, including a glass pivot door, oversized skylights, floor-to-ceiling glass walls, and wide-plank oak floors. Opulent amenities include a home theater, a library, a lounge with a bar, a climate-controlled wine cellar, and a fitness center with a sauna and a massage room.

The 1.6-acre lot also has a zero-edge infinity pool surrounded by 2,000 square feet of covered patio space with two fireplaces.

6. 96 Ridge View Dr, Atherton, CA

Price: $38,600,000

Silicon Valley location: This six-bedroom estate last traded hands in 2019 when it was sold for $21 million—nearly $9 million less than its original asking price.

Located in America’s most expensive zip code, the modern glass and concrete contemporary is comprised of “two L-shaped forms that balance on top of one another.” The 13,849-square-foot engineering marvel includes a three-level primary residence with two floating cantilevers overlooking a courtyard with bridges.

The 1.63-acre lot also features a seven-hole putting green, multiple car-charging stations, and two separate buildings with full kitchens for guest accommodations.

5. 16187 Royal Oak Rd, Encino, CA

Price: $39,995,000

Promontory estate: Perched on 1.9 acres offering panoramic city and canyon views, this opulent eight-bedroom mansion was designed for entertaining.

The 19,766-square-foot interior features a home theater, wine cellar, a bar, fitness center, and spa. A two-story living room has a floor-to-ceiling fireplace and retractable glass walls that open to a spacious sundeck overlooking the infinity pool.

Multiple balconies, including a rooftop terrace, were designed to soak in the stunning views.

4. 1650 McLain Flats Rd, Aspen, CO

Price: $49,500,000

Merry-go-ranch: This 26,252-square-foot legacy compound is owned by Leonard ‘Boogie’ Weinglass, co-founder of the Merry-Go-Round retail chain.

When the 21.38-acre estate hit the market in January 2024 for $52 million, it debuted on our most expensive homes list.

The property features a 15,943-square-foot, indoor athletic facility with a regulation basketball court; a professional tennis court; racquetball court; swimming pool; and a fully equipped, professional-grade gym. There is even a game/lounge room, massage room, steam room, and an indoor running track.

The equestrian property also has an eight-stall indoor barn, paddocks, and a pasture for riding.

3. 1265 N Lake Way, Palm Beach, FL

Price: $59,500,000

Brand-new build: This nearly finished Intracoastal Waterway estate features a deep-water dock and deeded beach access.

While no interior photos are included yet, the five-bedroom residence is said to boast Jerusalem Gold limestone floors, and a chef’s kitchen with Taj Mahal stone countertops throughout the 7,057-square-foot, opulent interior. The primary suite has dual bathrooms and a private terrace with waterfront views.

Meanwhile, a covered loggia overlooks an in-ground pool.

2. 1129 Tower Rd, Beverly Hills, CA

Price: $60,000,000

Richard Landry-designed mansion: This newly built contemporary features 15,000 square feet of ultraluxurious space.

The seven-bedroom residence “in the final stages of construction” seeks a buyer to “select their own finishes.” Highlights include glass walls, travertine accents, and a three-stop elevator.

The enormous estate will also have a media room, a library with a fireplace, a primary suite with a terrace, a fitness center, wine room, and a spa with a sauna and steam room.

The 1.35-acre property also features a covered loggia with a fireplace overlooking the infinity pool and spa, an eight-car garage, a guesthouse, and a sports court.

1. 190 Palm Ave, Miami Beach, FL

Price: $150,000,000

The Palm Compound: This 2.07-acre lot features three separate oceanfront residences and “multiple docks for yachts.”

The sky-high price tag of the combined addresses at 190, 198, and 210 Palm Ave. includes a total of 21 bedrooms and 25 bathrooms among the seaside properties. Lush gardens separate the three residences, each of which boasts its own private pool.

The trio of homes is said to be owned by Jorge Luise Garcia and the Adria, Maria, Adrian Almeida Trust, who purchased them over a period of 17 years.