Florida’s pandemic-era real estate boom has catapulted enclaves in the Sunshine State to the top of the most expensive neighborhood list — knocking once-thriving Manhattan hot spots out of the top 10 and cutting Beverly Hills down to size.
The most expensive neighborhood in the country is in the Coral Gables section of Miami, where a home in the gated Gables Estates community is on the market for more than $21 million, according to data compiled by Bloomberg News.
In all, Florida is home to seven of the nation’s most expensive neighborhoods when measured by housing prices, the data showed.
Home values listed by the realtor site Zillow ranked Naples as having two of the nation’s most expensive properties while Miami Beach boasted three.
A typical home in the Port Royal section of Naples goes for $17.4 million — making it the second most expensive neighborhood in the country, according to Zillow.
Port Royal saw an astounding 78.3% increase in the real estate values, according to Bloomberg News.
Aqualane Shores, another seaside neighborhood in Naples, was ranked as the ninth most expensive neighborhood in the country.
A typical home in Aqualane Shores costs $9.4 million — a 104% increase compared to February 2020.
