Gables Estates Tops US Wealth Index

Gables Estates in Coral Gables, Miami tops Zillow 2024 ranking for the priciest neighborhoods in the United States.

Gables Estates Named Most Expensive US Neighborhood

Gables Estates, a gated community in Coral Gables near Miami, tops Zillow's 2024 ranking of the most valuable US neighborhoods. The area includes 179 waterfront lots with large owner occupied mansions and private docks that open to Biscayne Bay. Zillow says the ranking combines sales data, tax assessments, public records and home details to measure value.
Florida is attracting wealth as billionaires move to the state to benefit from a favorable tax climate and a growing luxury market. Notable buyers include Jeff Bezos and Ken Griffin, with Peter Thiel also purchasing luxury property. The trend shows a shift of demand toward sunbelt enclaves and waterfront lifestyles.

The ranking highlights a broader shift in where wealth concentrates in the United States, with Florida emerging as a leading hub. This pattern raises questions about housing affordability, local services, and whether infrastructure can keep up with demand for elite waterfront properties. It also underscores how tax policy and climate appeal shape real estate markets, not just home specs.
For communities, the rise of mega mansions alters neighborhood dynamics and may test zoning, taxes and school funding. For readers, the story prompts reflection on who benefits from rising values and who bears the costs of growing wealth concentration in a handful of coastal cities.

Highlights

The local landscape of luxury housing is a bellwether for broader economic change.