Florida is leading the nation in net positive migration with over 200,000 new residents each year choosing to make Florida their home. As a result, real estate in Florida has experienced explosive growth in the past 20 years, with a 40% increase in value in the past two years alone. For many years, real estate prices in Florida were considered affordable, in fact when migrating from the northeast, it was typical to drastically elevate your standard of living simply by making the move to Florida. Today, prices of luxury homes for sale in Florida rival that of New York or Los Angeles, with many properties commanding prices above $50 Million. Because Florida has no state income tax, is a business-friendly environment, and extremely beneficial homestead laws, people continue to flock to Florida with no sign of that changing anytime soon.
The Florida real estate landscape has something for everyone. Oceanfront Estates in Florida priced from $10 Million to over $150 Million, Condos run the gamut from modest $100k units to oceanfront penthouse condominiums upward of $50 Million. Florida Townhouses are another option that also range from modest to multi million dollar units. Boating is huge in Florida, especially in Fort Lauderdale which is considered the yachting capitol of the world, so be sure to check out the homes with deep water access too.
