Florida—known for its pristine beaches, endless sunshine, and famed theme parks— is a choice destination for both tourists and potential residents. And, while people from all types of socio-economic backgrounds call Florida home, the Sunshine State’s 0% income tax makes it a choice destination for some of the world’s richest families and celebrities.
Billionaires like Hollywood's highest-paid actor, Dwayne the Rock Johnson, the chairman of Carnival Cruises, Micky Arison, and the owner of Jimmy John’s sandwich chain, Jimmy John Liautaud all have residences in Florida. To live in these exclusive towns, you’ll have to open up your pockets. Scroll down to see the most expensive towns in Florida.
10 Sewall's Point
Sewall's Point, a true boater’s paradise, is surrounded on three sides by the St. Lucie River and the Indian River Lagoon. This seaside town boasts beautiful scenery, great opportunities to fish and relax on the beach, and a variety of super-luxurious waterfront estates. With a population of only 2,000, and great access to up-scale stores and delicious restaurants, Sewall’s Point strikes the perfect balance between small-town and metropolitan area.
9 Palm Beach
Palm Beach, home to some of the nation’s glitziest seaside estates and most glamorous beaches, is synonymous with luxury and excess. In addition to its legendary resorts and gorgeous scenery, Palm Beach also has a thriving arts and culture scene. Visitors and residents can visit the Norton museum, upscale art galleries, and see the 1920s Flagler Resort.
The richest man in Florida is a Palm Beach resident! Thomas Peterffy, the CEO of Interactive Brokers, is worth $15.6 billion.
Located in Southwest Florida, adjacent to the Everglades, the city of Naples has no shortage of accolades. Rated as one of America's Best Vacation Spots, Best Places to Retire, and Best Place to Raise Your Kids, this desirable city is a choice spot for vacationers and residents.
While Naples might be a great vacation spot and place to retire, it’s also one of the most expensive cities in Florida. Well-known for its high-end shops, restaurants, and exclusive golf-courses, Naples is one of the most exclusive spots in Florida.
7 Golden Beach
True to its name, Golden Beach boasts some pretty spectacular waterfront views and glamorous beaches. Golden Beach comes in as Miami's 2nd wealthiest town.
With zoning laws the prohibit the construction of high rise residential buildings and commercial Golden Beach maintains a warm small-town feel. Instead of surf shops and a Miami-esque skyline, Golden Beach has 344 estates that, put together, are valued at over $1 billion.
6 Indian River Shores
Sandwiched between the Florida's eastern seaboard and the picturesque Indian River Lagoon, Indian Rivers Shores is a luxurious and pricy getaway for the wealthy. Indian River Shores' population of 4,000 swells to nearly 8,000 during "Peak Season" (October through Easter), when seasonal residents move in to escape cold weather and soak up Floridian sunshine.
Most Indian River Shores residents live in exclusive gated communities, where luxurious Tuscan-style homes, modern mansions, and Floridian bungalows sell for as high as $6.9 million.
5 Bal Harbour
Although Bal Harbour might be small (it comes in at only 243 acres. For contrast, Miami is 35360 acres), this pricy town doesn't skimp when it comes to luxurious amenities.
Bal Harbour's high-end shops, glamorous restaurants, and exclusive five-star restaurants might attract only for the most discerning residents and visitors. However, Bal Harbour's beautiful scenery and lovely views mean that visitors, no matter the size of their pocketbooks, can enjoy this town.
4 Jupiter Island
Located only 20 miles from Palm Beach, Jupiter Island is a secluded stretch of paradise between the Intercoastal and the Atlantic. This affluent community is lush with picturesque natural beauty, and known for its large glamorous estates and famous residents.
Because of its exclusive character, many celebrities craving peace and quiet call Jupiter Island home. Famed golfer Tiger Woods owns a swanky piece of real estate in Jupiter Island. His vast estate stretches between the Intercoastal and the Atlantic, giving the Woods family waterside views from all angels. Songstress Celine Dion also owned a property on Jupiter Island. In 2017, Dion sold her stunning 5.7 acre mansion for a record $28 million.
3 Key Biscayne
This tropical oasis is known for its low-key stores, quaint neighborhoods, and pristine beaches. But, don't let the relaxed, surfer atmosphere fool you into thinking Key Biscayne is cheap! Key Biscayne is one of Miami-Dade county's most exclusive neighborhoods. A stay at the Key Biscayne Ritz-Carlton's most affordable room will cost you about $500 a night, and the medium home price for Key Biscayne is a whopping $1,062,700.
Nature lovers will appreciate Key Biscayne's diverse range of flora and fauna. The nearby Crandon Park boasts lush forests of mangroves and tropical forest, and a rich variety of birdlife, butterflies, and loggerhead turtles.
With a small population and excellent access to nearby beaches, stores, restaurants, and cafes, residents of Manalapan can enjoy both outstanding exclusivity and the amenities of big-town life. And, like lots of other towns on this list, Manalapan residents can purchase homes with some truly stunning views of the Intercoastal.
Living in this beachside paradise doesn't come cheap. Manalapan once boasted the most expensive house in the country. The 12-bedroom, 12-bath estate (named Gemini) was listed for $195 million in 2016. Ready to move to Manalapan? Have some extra cash lying around? After slashing $60 million from the price tag, the Gemini can be yours for $135 million.
1 Boca Grande
The title of most expensive town in Florida goes to the South-West beachside paradise, Boca Grande. This idyllic town has all the charms of Old Florida--a thriving fishing industry, mom-and-pop eateries, and, of course, beaches built for casual strolling. However, also has some seriously luxurious mansions and impressively large estates.
With an average home price of $2.125 million, and the average household income is a whopping $111,028.00, Boca Grande's residents have some very deep pockets. However, many of these multi-million houses sit occupied for the majority of the year--billionaires and millions head down to Boca Grande to wait out brutal winters.