Three South Florida communities rank among the top 10 most-expensive housing towns in the U.S., a new Zillow report found.
Indian Creek is No. 1 on the list, with far and away the most-expensive typical home value in the country at $28.3 million. The 300-acre community in Biscayne Bay has fewer than 100 residents, including recently retired NFL quarterback Tom Brady and his wife, Gisele Bundchen.
Jupiter Island is fourth on the list, with a typical home value of $6.8 million. Golden Beach is No. 8 at $5.1 million. Both coastal towns have fewer than 1,000 residents.
Nationwide, there are 481 million-dollar cities on Zillow’s list, meaning towns with a typical home value of $1 million or more. Record-setting home appreciations in 2021 added 146 cities to the list. A decade ago, there were only 126 million-dollar cities in the U.S.
“The surge in demand for housing last year sent home values skyrocketing, even in places where prices already were sky-high, and that helped tip a record number of cities into the million-dollar club,” said Jeff Tucker, Zillow senior economist.
Most of the million-dollar cities are clustered around eight large metro areas: New York City, San Francisco, Los Angeles, San Jose, Boston, Seattle, Miami and Washington, D.C.
The top 10 communities on the list, based on what Zillow describes as typical home values:
- Indian Creek, Fla., $28.32 million
- Atherton, Calif., $7.69 million
- Hunts Point, Wash., $7.01 million
- Jupiter Island, Fla., $6.85 million
- Sagaponack, N.Y., $5.95 million
- Hillsborough, Calif., $5.36 million
- Lost Altos Hills, Calif., $5.25 million
- Golden Beach, Fla., $5.17 million
- Belleair Shore, Fla., $4.96 million
- Belvedere, Calif., $4.68 million