House prices have hovered near record highs for months, pushing affordability to new lows. But that hasn't stopped ultra-wealthy buyers from splashing the cash.
With deep pockets and relative insulation from today's uncertain market, many affluent buyers are leaning into real estate as a tangible investment. California, Florida, and New York lead in these ultra-luxury sales, regularly posting $20 million-plus transactions, though many other areas have seen record-setting sales.
Here are some of the most expensive home sales in the Mobile metro area so far in 2025, according to data from Redfin Real Estate. Afterwards, we'll look at the most expensive sales nationwide for comparison. All data is current as of August 5th. Homes with a disclosed sales price were included.
California and Florida consistently dominate the ultra-luxury market, with recent standouts like "The Manor" in Los Angeles – the state's second-largest home at 56,500 square feet. Florida's housing market has cooled significantly due to rising insurance costs and HOA fees tied to climate change, but it's still a popular place for ultra-wealthy homebuyers who typically have the means to move, rebuild, or take a loss.
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
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