This year’s most expensive trend in the luxury residential real estate sector? Nine-figure listings.
From January to August, there were 17 listings on the market that asked $100 million and above, the New York Times reported, citing data from Redfin. That’s nearly double the nine such listings recorded in the first eight months of 2025 and nearly triple the six listings in 2019.
These nine-figure listings are growing alongside the wealth of the richest Americans. The rising stock market — riding the artificial intelligence boom — and tax cuts secured during the Trump presidency are inflating fortunes to a dizzying degree.
“People used to collect art and put it on their walls,” John Gomes, associate real estate broker in Manhattan, told the Times. “Now they’re collecting real estate to put art on their walls.”
Buyers of these listings are often receiving glamorous amenities and sought-after privacy, as many of the nation’s wealthiest are concerned about their safety and security. The estates being listed for nine figures are often compounds — occasionally pulling in other adjacent properties — that isolate the owners from the world.
Eye-popping listings this year include PointState Capital founder Zach Schreiber’s 39 Fairfield Pond Lane in the Hamptons’ Sagaponack, listed for $152.5 million, and John Devaney’s $237 million listing in Key Biscayne, a property famously featured in Scarface.
That said, the astronomical listing prices are just that — listing prices. There’s no guarantee there’s a buyer willing to pony up more than $100 million for a home; no one has ever topped Ken Griffin’s $238 million purchase at 220 Central Park South, which closed seven years ago.
Some extreme listing prices are put out “for the publicity or for attention and … never taken seriously,” Kurt Rappaport, a Los Angeles real estate agent, told the Times.
Nevertheless, it’s a tale of two markets. While the richest are listing or buying homes with nine-figure price tags, many less affluent are struggling to afford what’s on the market, especially as mortgage rates soar past 7 percent.
At the very top of the market, the trajectory is entirely different. Miami Beach agent Danny Hertzberg even predicted the country’s first $1 billion sale could happen within the next three years.
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