As we saw in our 2022 Year in Review Housing Report, home prices continue to rise across South Florida. The average selling price for a home hit $682,174 by year’s end, an increase of 7.5% compared to 2021.
Here is a list of the most expensive towns in South Florida in 2022:
1. Golden Beach
Coming in at number one is the town of Golden Beach with an average home selling price of $9,571,000. 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.
2. Gulf Stream
The town of Gulf Stream is number two on the list! The average selling price for a home in Gulf Stream is $9,417,436. 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.
3. Jupiter Inlet Colony
Jupiter Inlet Colony comes in third on our list with the average selling price for a home at $7,931,286. 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!
4. Fisher Island
Fisher Island places fourth on our list, with an average selling price of $7,158,878. 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.
Manalapan has an average selling price of $5,210,357, and a total of 14 homes sold in 2022. 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.
6. Palm Beach
Palm Beach has an average home selling price of $4,864,148. 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!
7. Bal Harbour
Bal Harbour had 183 home sales in 2022 and the average selling price for a home is $2,785,463. 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!
Surfside has an average selling price of $2,577,836 and had 143 homes sold in 2022. One of the main highlights of living in Surfside is its abundance of activities. The town is home to several beautiful parks, including the Indian Beach Park and the Surfside Community Center, which offer residents several opportunities for outdoor recreation. Additionally, Surfside is located near a variety of shopping, restaurants, and beaches. Whether you’re a retiree seeking a peaceful coastal retreat or a young family looking for a tight-knit community to call home, Surfside offers something for everyone.
9. Key Biscayne
In 2022, the average price for a home in Key Biscayne was $2,485,892. Living in Key Biscayne means enjoying a peaceful and relaxing lifestyle, while still being close to all that South Florida has to offer. There are so many opportunities for citizens to participate in outdoor recreation, including but not limited to, biking, kayaking, fishing, and swimming. The community in Key Biscayne is tight-knit, and always finds ways to bring the townsfolk together by hosting a variety of local events throughout the year. If you’re considering a move to Key Biscayne, you won’t be disappointed. This unique island town offers a strong sense of community and a relaxed coastal lifestyle that’s hard to beat.
Pinecrest rounds out the top ten list with an average selling price of $2,483,816. Pinecrest is a peaceful town south of Miami, primarily known for its excellent schools, beautiful parks, and a strong sense of community. The town is home to several top-rated public and private schools, making it an ideal place for families with children. The community is tight-knit and family-friendly, with a variety of events and activities throughout the year that bring residents together. Additionally, there are several gorgeous parks to explore, including Pinecrest Gardens and Coral Pine Park. All these factors come together to make Pinecrest a great place to live!