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Changing face of America's property market:
Priciest neighborhoods are no longer in
New York and SF - with nine of top 12
in Florida and rest in Beverly Hills

Original Article

Posted By: Imright, 2/14/2023 8:55:30 PM

The most expensive neighborhoods are no longer in New York and San Francisco as many billionaires and celebrities relocate to Florida. Star Island in Miami is known to attract many A-list figures, such as Jennifer Lopez and Rosie O’Donnell, with a private gated bridge and luxury homes surrounded by Biscayne Bay turquoise waters. Homes on the man-made island can sell for as high as $70 million but the medium home value is $40 million, according to Bloomberg. Star Island saw an increase in its selling price by 23.5 million since 2019. Port Royals in Naples, Florida, is the second most expensive neighborhood in the US with average home prices ranking at $16.9 million,

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Reply 1 - Posted by: enemyofthestate 2/14/2023 9:10:53 PM (No. 1403051)
Let's see what property values are in Beverly Hills when that city submits the "equity plan" required by Biden dictat.
4 people like this.

Reply 2 - Posted by: RobertJ984 2/14/2023 9:14:20 PM (No. 1403052)
Oh!! Beverly Hill California, not Beverly Hills Fl.(yes, there is such a place)
0 people like this.

Reply 3 - Posted by: sanspeur 2/14/2023 11:37:38 PM (No. 1403130)
r i g h t .. i got this penthouse at CPW no one wants ? will add the bridge in Brooklyn cause it’s “cheap” ? DM is trying to queer the mkt .. sorry no .
0 people like this.

Reply 4 - Posted by: valinva 2/14/2023 11:51:33 PM (No. 1403139)
Democrats buying 50 million dollar homes on an island in Biscayne Bay is further proof that the rich leftists don't actually believe that climate change is going to make sea levels rise and flood coastal cities like Miami. Beach front properties owned by ex presidents in Hawaii and on Martha's Vineyard seal the deal.
10 people like this.

Reply 5 - Posted by: JHHolliday 2/14/2023 11:53:16 PM (No. 1403140)
The wealthy are moving from the high tax states. These are the ones NY and CA are screwing over. Some of these people are lefties but they are not completely stupid. It’s going to crater their tax base. NYC and the big cities of CA have become unlivable. Just a matter of time now.
6 people like this.

Reply 6 - Posted by: PostAway 2/15/2023 6:49:14 AM (No. 1403239)
I stopped reading at the part where Rosie O’Donnell was described as an A-list celebrity. Jennifer Lopez, too, because she has all the talent that bribery and an extremely aggressive PR machine can buy. It wouldn’t surprise me a bit if the real reason the DM printed this “important” business page-ish article is to promote those two under the guise of news. I’m waiting to hear which movies or books those two soon will have coming out.
3 people like this.

Reply 7 - Posted by: Daisymay 2/15/2023 7:47:38 AM (No. 1403274)
We will see how much those Millionaires love their New Homes when the Next Hurricane blows through. Living by the Water is everyone's dream, but just look at what happened to those Beautiful Homes this past year during Hurricane Season. Yes, they have great insurance, but it still won't bring back all the things they love that blew away! I've lived in Central Florida for 20 years. Hubby loves it for the Golf, but I hate the Summer Heat. I still think the Midwest is the Best place to live. Unfortunately, the Governor of IL has totally ruined that State, so there's no going back. Sad but true!
3 people like this.

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