Miami's ultra-luxury property market is heating up as buyers pay cash and the likes of car maker Bugatti enter with branded developments. Miami-Dade County, which includes some of the region's best-known luxury markets such as Miami Beach and Sunny Isles Beach, recorded 194 home sales of $10 million or more in the first eight months of 2026, already 14.1% above the 170 transactions recorded during all of last year, according to the Miami Association of Realtors. At the current pace, sales are projected to reach about 291 by year-end, surpassing the previous annual record of 230 set in 2021 during the pandemic-fueled homebuying frenzy, the association reported. Miami tops the U.S. market for cash buyers, as per the association.
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