Miami's Ultra-Luxury Housing Market Surpasses Previous Records with Cash Transactions
Miami’s ultra-luxury housing market is experiencing significant growth, driven largely by cash transactions that insulate it from high borrowing costs. In the first eight months of 2026, Miami-Dade County recorded 194 home sales priced at $10 million or more—already surpassing last year's total and on track to exceed the previous annual record set in 2021. According to UBS, cash transactions are a key factor behind the resilience of Miami’s luxury real estate segment. The firm noted that this has reduced bubble risk compared to prior years, despite elevated financing costs affecting broader markets. Demand from wealthy buyers relocating from high-tax states continues to support prices in the top-tier market. Beyond home sales, luxury automakers like Bugatti are entering the space with branded residential developments on Miami’s Brickell waterfront, joining Porsche and other high-end car brands.
Topics: Bugatti residences cash buyers luxury real estate Miami housing market