As we saw in our 2023 Year in Review Housing Report, home prices continue to rise across South Florida. The average selling price for a home hit $708,569 by year’s end, an increase of 3.5% compared to 2022.
Here is a list of the most expensive towns in South Florida in 2023:
1. Indian Creek
Placing first on the list is Indian Creek, a private, gated community located on its own island. There were 2 total home sales in 2023, and the average home selling price was $73,500,000. This town is the epitome of Floridan luxury, boasting lavish homes, lush landscapes, and pristine water views. Indian Creek residents can enjoy several amenities, such as shopping centers, restaurants, art exhibitions, and more. One of their most notable attractions is the prestigious Indian Creek Country Club, where members can tee off surrounded by the immaculate shores. For those seeking a luxurious Florida lifestyle, Indian Creek’s captivating community is sure to impress.
2. Manalapan
Manalapan has an average selling price of $15,266,782, and a total of 9 homes sold in 2023. Manalapan is a beautiful spot known for the Eau Palm Resort and Spa, and the stunningly beautiful Manalapan Beach. Aside from being a popular tourist spot, year-round residents can enjoy fun events around the holidays such as the Annual Turkey Trot and Christmas Tree Lighting Ceremony, both events never failing to bring residents closer together. Manalapan is yet another community with a strong commitment to preserving the natural environment so that everyone living there can always have clean air and a relaxing atmosphere. Located near a variety of shopping, dining, and entertainment options, Manalapan provides easy access to explore all that South Florida has to offer.
3. Golden Beach
Coming in at number three is the town of Golden Beach with an average home selling price of $9,945,000. Golden Beach boasts miles of white sandy beaches and stunning ocean views, along with a thriving community! Residents often enjoy a relaxing day in the sun either at the beach or at the iconic Golden Beach Park. The town is also near Miami, giving residents easy access to all of the world-class dining, shopping, and entertainment options that the city has to offer. Whether you’re a young professional, a growing family, or a retiree looking for a peaceful retreat, Golden Beach has something to offer everyone.
4. Jupiter Inlet Colony
Jupiter Inlet Colony comes in fourth on our list with the average selling price for a home at $7,364,000. Residents of this tiny town enjoy a rich community culture that’s built on the town’s strong spirit of volunteerism and dedication to preserving the environment. The community hosts events like beach cleanups, charity drives, and holiday celebrations. The town’s commitment to environmental preservation and sustainability means that residents can enjoy a pristine natural environment, while the town’s strict zoning regulations ensure that the community remains peaceful and serene. Needless to say, Jupiter Inlet Colony’s quality of life is unmatched. If you’re searching for a close-knit community that values the environment, Jupiter Inlet Colony could very well be for you!
5. Gulf Stream
The town of Gulf Stream is number five on the list! The average selling price for a home in Gulf Stream is $6,373,536. This small but vibrant community is known for its beautiful beaches, stunning architecture, and a strong sense of community. With events happening all year long such as the Gulf Stream School Fish Fry, Music in the Park, and the Annual Tree Lighting Ceremony, this town always has something to celebrate! Perhaps the most popular attraction is The Gulf Stream Golf Club, a world-class facility that attracts golfers from all over the world! Whether you’re a retiree looking for a peaceful place to settle down or a young professional seeking a vibrant coastal community, Gulf Stream is the perfect place to call home.
6. Sea Ranch Lakes
Number six on the list is Sea Ranch Lakes, a village surrounded by Lauderdale-by-the-Sea. In 2023, the average selling price was $4,556,079. This gated community, despite its small size, is rich in amenities and activities for residents. From stunning beaches and an array of water sports to try, to tennis courts and an exclusive social clubhouse, Sea Ranch Lakes always has something new to discover every day. Close by to this town are highly popular tourist attractions tp explore, including Las Olas Boulevard, Hugh Taylor Birch State Park, and much more!
7. Village of Golf
Placing seventh is Village of Golf, and the town is true to its name. In 2023, 4 homes were sold at an average sales price of $4,173,750. As the name suggests, this village is a golf lover’s dream! Village of Golf is home to the famous Country Club of Florida, and residents live only steps away from daily rounds of golf. Beyond golf, outdoor enthusiasts can explore nearby parks and nature trails, immersing themselves in the area’s natural beauty. A small and tight-knit community, Village of Golf provides a peaceful and fun retreat for residents and tourists alike.
8. Palm Beach
In 2023, Palm Beach had an average home selling price of $3,869,877, making it number eight on the list of most expensive towns. Perhaps one of the most well-known cities in all of Florida, Palm Beach is home to the world-famous Palm Beach, with its crystal-clear waters and pristine white sand. This town also has a strong community culture, hosting huge events throughout the year, including the Palm Beach Food & Wine Festival and the Palm Beach International Boat Show, which provide residents with ample opportunities to come together and enjoy the town’s unique spirit. With plenty of restaurants, shopping centers, beaches, and museums to explore, there truly is something for everyone. For anyone looking for a luxurious lifestyle with access to some of Florida’s most popular points of interest, Palm Beach may be the perfect town for you!
9. Fisher Island
Fisher Island places ninth on our list, with an average selling price of $3,600,000. The residents of the small exclusive community enjoy a very luxurious lifestyle. The town boasts world-class amenities, including a private beach, a marina, and a spa and fitness center, all of which are exclusive to residents and their guests. Additionally, Fisher Island is home to several high-end restaurants and shops, making it easy to indulge in the finer things in life. As of 2020, this town became fully private to only its members and currently represents the wealthiest zip code in the United States. Whether you’re a retiree seeking a peaceful coastal retreat or a young professional looking for a luxurious lifestyle, Fisher Island offers something for everyone.
10. Bal Harbour
Round out the list, Bal Harbour had 121 home sales in 2023 and the average selling price for a home is $3,127,175. Bal Harbour has a rich cultural heritage, which is reflected in its vibrant arts and music scene. Bal Harbour hosts several events throughout the year, including the Bal Harbour Art Nights and the Bal Harbour Music Festival. What truly sets Bal Harbour apart, however, is its unparalleled luxury lifestyle. The town boasts a wide range of world-class amenities, including high-end shopping and dining, beautiful beaches, and top-rated healthcare facilities. Bal Harbour is home to retirees, young professionals, and families alike!
**Data provided by Florida REALTORS®