A newly built Coral Gables mansion sold for $25 million, part of a luxury housing wave sweeping Florida that has pushed Miami-Dade County past its annual record for ultra-high-end sales with three months still to go.

Two-time NBA champion Juwan Howard sold the newly built home in the gated Journey’s End community, the Wall Street Journal reported Nov. 3. Lauren Schrager and Toni Schrager of Brown Harris Stevens represented Howard; Lauren declined to identify the buyer.

Miami-Dade breaks its own record

The Gables deal landed amid a county-wide luxury streak. Through September, Miami-Dade recorded 24 single-family and condo sales of $30 million or more, topping its full-year 2025 record of 21 such transactions, MIAMI REALTORS® + RWorld reported on Oct. 16.

Cash buyers are fueling much of the activity. In 2025, 82 percent of Miami condo sales at $1 million or above were all-cash, according to MIAMI REALTORS.

Gains in other Florida markets

The local numbers fit a broader Florida trend. Luxury home prices in Miami rose 18 percent year over year during the three months ending in July, the largest increase among the 50 most populous U.S. metros, according to a Redfin analysis. Tampa followed at 15.4 percent. Nationally, luxury prices rose 5.3 percent over the same period. Redfin defines luxury homes as those in the top 5 percent of a metro area's price range.

Luxury sales volume in West Palm Beach jumped 43.9 percent year over year during May–July 2026, the biggest increase in the country, Redfin reported.

The boom extends to Florida's Gulf Coast. Sarasota County recorded nine single-family home sales of $10 million or more in the third quarter, up from one a year earlier, according to the Realtor Association of Sarasota and Manatee (RASM). The Business Observer first reported the Sarasota spike. Ten condos and townhomes there also sold for $10 million or more during the quarter, compared with zero a year earlier, RASM data shows.

The biggest Sarasota deal: a newly built estate on Siesta Key that closed Sept. 28 for $26 million, an all-cash purchase that was the county’s highest-priced home sale so far in 2026, the Herald-Tribune reported.

Luxury inventory also tightened in Miami. Luxury homes for sale in Miami fell 18.1 percent year over year as of July, the third-largest decline in the country, according to Redfin.

MIAMI REALTORS Chairman Alfredo Pujol said in the association's October statement that opportunities exist beyond the ultra-luxury tier, noting condo sales near Miami's $400,000 median price point rose 15 percent year over year.