In a rather unusual anomaly, the state in which the most expensive house in the country was sold last year is in the same state where houses lost the most value.
And no, it’s not California.
According to Redfin’s analysis, the priciest sale in 2025 was property of Naples, Florida’s famed Gordon Drive. It went for a staggering $133 million. It is the center parcel of one of the largest beachfront properties in the nation. Together, the three properties span over 15 acres, with 800 feet of Gulf of Mexico frontage.
But according to another study, this one from warrant company Cinch Home Services, the typical home in the Sunshine State went down in value by $20,444. That’s a 5.1% decline, and the most of any state in the nation.
However, according to the study, which analyzed Zillow data from August 2020 through August 2025, over a five-year period starting in 2025, the value of an average house in Florida went up by 46.5%. So the only people actually losing money are those who bought in the last few years.
As it turns out, four of the 10 costliest houses in 2025 were in Florida, five were found in the Golden State, and another in Hawaii.
Here is the complete list:
- $133 million – 2200 Gordon Drive, Naples, Florida
- $110 million – 594 South Mapleton Drive, Los Angeles, California
- $110 million – 630 Nimes Road, Los Angeles, California
- $101.5 million – 3585 Anchorage Way, Miami, Florida
- $87.5 million – 11465 Old Harbour Road, North Palm Beach, Florida
- $85 million – 329 Albion Avenue, Woodside, California
- $80 million – 28719 Grayfox Street, Malibu, California
- $74.3 million – 88 La Gorce Circle, Miami Beach, Florida
- $65.8 million – 4823 Kāhala Avenue, Honolulu, Hawaii
- $63.1 million – 71 Beverly Park, Beverly Hills, California
Noting that typical houses in these markets sell for $11 million or more, Redfin said luxury homes still sold quickly this year — even as many buyers and sellers sat out.
According to the Cinch Home Services study, houses in Hawaii lost $23,163 in value last year. But over the previous five-year period, they still gained 32.1% in value. Fourteen other states also saw their housing prices drop, though by no more than 3%.
