Celebrities Buy $87M in Amazing Florida Luxury Homes
Celebrities Buy $87M in Amazing Florida Luxury Homes
Two big names just made huge moves. In fact, really huge moves. The Weeknd and Mark Wahlberg spent $87 million combined on Florida homes. Moreover, they did this in October 2025.
First, The Weeknd paid $50 million. Specifically, for a Coral Gables mansion. Then, Mark Wahlberg bought an estate. Indeed, a $37 million property in Delray Beach.
These aren’t just celebrity purchases. Instead, they’re market signals. Specifically, they show why Florida attracts wealthy buyers. Indeed, when A-list stars choose Florida, they make smart decisions. Furthermore, these decisions involve taxes. Additionally, lifestyle matters. Also, privacy is key. Finally, investments play a role.
Whether you’re buying luxury real estate, moving to Florida, or investing in property, these deals matter. Now, let’s explore what happened. Moreover, why it matters to you.
The Tax Advantage: Florida has zero state income tax. Therefore, high earners save millions. In fact, The Weeknd and Mark Wahlberg benefit hugely. Compared to California or New York, the savings are massive. As a result, this tax benefit alone justifies luxury purchases.
The Weeknd’s $50M Coral Gables Mansion
Breaking Records in Gables Estates
The Weeknd made history in October 2025. Specifically, he paid $50 million. Moreover, for a waterfront estate. This is in Coral Gables’ most exclusive area. Notably, it’s called Gables Estates.
As a result, this set a new record. Indeed, for the most expensive home ever sold. Specifically, in Coral Gables history.
The Previous Record
The previous record was $45.3 million. Notably, billionaire Ken Griffin set that. Specifically, in 2022. Therefore, The Weeknd’s purchase is significant. Furthermore, it shows Miami’s luxury market strength. Additionally, it validates Coral Gables as a top destination.
What $50 Million Buys
The property sits on 1.2 acres. Additionally, it offers incredible features. Moreover, here’s what you get:
- First, nearly 19,000 square feet of living space
- Second, eight bedrooms for family and guests
- Third, nine bathrooms throughout
- Additionally, waterfront positioning with views
- Plus, a private dock for yachts
- Also, resort-style pool and outdoor areas
- Finally, 24/7 security in gated Gables Estates
About Gables Estates:
This is a 140-acre gated community. Specifically, in Coral Gables. Moreover, it features about 200 waterfront homes. Indeed, many have direct ocean access. Furthermore, via Biscayne Bay.
The community is known for privacy. Additionally, for security. Also, for exclusivity. As a result, it attracts billionaires. Similarly, it draws celebrities. Finally, homes rarely come on the market.
The Seller’s Huge Profit
Here’s an interesting fact. The seller bought this property in 2019. Specifically, for $25.5 million. Then, six years later, he sold it. Indeed, for $50 million.
Therefore, he nearly doubled his investment. In fact, that’s a 96% return. Moreover, this happened in just six years. Additionally, during a volatile market period.
Comparing Investment Returns
This appreciation beat other investments. Specifically, here’s how:
- First, S&P 500: About 80% total return (2019-2025)
- Second, Gables Estates real estate: 96% appreciation
- Finally, After inflation: About 70% real return
This shows why ultra-wealthy people buy luxury real estate. Indeed, it’s not just lifestyle. Instead, it’s also a smart investment. Moreover, one that preserves wealth. Additionally, it grows wealth. Furthermore, while providing enjoyment.
Why The Weeknd Chose Coral Gables
The Weeknd had many options. However, he chose Coral Gables. Why? Here are the reasons. Moreover, they’re compelling:
Privacy and Security: Gables Estates offers 24/7 security. Additionally, it’s a gated community. Therefore, celebrities can live normally. Indeed, without constant attention.
Elegant Style: Coral Gables is known for Mediterranean architecture. Moreover, for tree-lined streets. Furthermore, for a refined aesthetic. Indeed, more elegant than flashy Miami Beach.
Waterfront Access: Direct water access allows yachting. Additionally, water sports are easy. Also, there’s easy access to the Florida Keys. Similarly, to the Bahamas.
Perfect Location: Gables Estates is centrally located. Specifically, near Miami Beach. Also, near Downtown. Additionally, near Brickell. However, it maintains a residential feel.
Tax Savings: Establishing Florida residency helps The Weeknd. Specifically, he avoids California’s 13.3% state tax. Similarly, New York’s combined taxes exceed 14%. Therefore, the savings quickly justify a $50 million purchase.
Florida’s waterfront estates offer privacy, security, and luxury amenities attracting celebrity buyers
Mark Wahlberg’s $37M Delray Beach Estate
From California to Vegas to Florida
Just days after The Weeknd’s purchase, Mark Wahlberg made his move. Specifically, he paid $37 million. Moreover, for an estate in Stone Creek Ranch. Notably, this is west of Delray Beach. Furthermore, it’s known as “billionaires row.”
Wahlberg’s Migration Pattern
This marks Wahlberg’s latest relocation. First, he left California. Specifically, for Las Vegas in 2022. Then, he moved to South Florida. Indeed, in 2025. Moreover, this mirrors broader wealth migration patterns.
What Makes Stone Creek Ranch Special
Stone Creek Ranch offers a different luxury experience. Specifically, compared to Gables Estates. Moreover, here’s what makes it unique:
- First, Equestrian lifestyle: The community features horse facilities. Additionally, riding trails. Also, a ranch aesthetic.
- Second, Privacy and space: Large lots provide privacy. Moreover, away from urban density.
- Third, Family-friendly: The community attracts families. Specifically, those seeking a quieter lifestyle.
- Finally, Exclusive access: Limited homes mean exclusivity. Therefore, strong property values.
Why Wahlberg Chose Delray Beach
Wahlberg’s choice reveals specific priorities. First, family comes first. Indeed, Stone Creek Ranch offers space. Specifically, for kids and activities.
Second, privacy matters. Moreover, the community provides security. Additionally, without paparazzi.
Third, lifestyle appeals. Specifically, the equestrian amenities match his interests. Furthermore, the ranch setting offers peace.
The Tax Benefits for Wahlberg
Additionally, tax benefits are huge. For instance, Wahlberg likely earned $20-30 million annually. Therefore, California’s 13.3% tax would cost $2.6-4 million yearly.
However, Florida has zero state tax. As a result, he saves millions every year. Moreover, over a decade, that’s $26-40 million. Furthermore, this alone justifies the $37 million purchase.
The Migration Pattern: Wahlberg’s journey is common. First, people leave high-tax states. Then, they try Nevada for taxes. Finally, they choose Florida. Indeed, for lifestyle and weather. Moreover, Florida offers the best of both worlds.
Delray Beach’s exclusive communities attract celebrities seeking privacy and equestrian lifestyles
Why Celebrities Choose Florida
The Tax Advantage is Massive
Let’s talk numbers. First, Florida has zero state income tax. Second, this saves high earners millions. Moreover, here’s a real example:
Consider someone earning $30 million yearly. Specifically, here’s what they’d pay:
- In California: $3.99 million in state taxes (13.3%)
- In New York: $4.2+ million in combined taxes
- In Florida: $0 in state taxes
The Long-Term Savings
Therefore, moving to Florida saves $4 million annually. Moreover, over ten years, that’s $40 million. As a result, even a $50 million home pays for itself. Furthermore, through tax savings alone. Additionally, you still own the property.
Privacy and Security Matter
Celebrities need privacy. Indeed, constant attention is exhausting. Furthermore, security is essential. Moreover, Florida’s gated communities provide both.
For instance, Gables Estates has 24/7 security. Similarly, Stone Creek Ranch offers private access. Additionally, these communities attract like-minded residents. Therefore, celebrities can live normally. Moreover, without constant paparazzi. Furthermore, their families feel safe.
Lifestyle and Weather
Florida offers year-round warmth. Specifically, average temperatures of 70-85°F. Moreover, this enables outdoor living. Additionally, water sports are accessible. Also, boating is popular. Furthermore, beach access is easy.
Miami’s International Appeal
Miami specifically offers international appeal. Indeed, it’s a global city. Moreover, with direct flights worldwide. Additionally, Latin American culture thrives. Also, art scenes flourish. Furthermore, music venues abound. Finally, nightlife excels. Therefore, it attracts creative people.
Investment Potential
Florida luxury real estate appreciates well. For example, The Weeknd’s property doubled. Specifically, in six years. Similarly, other waterfront properties show strong gains. Additionally, limited supply drives values higher.
Moreover, luxury real estate offers diversification. Specifically, from stocks and bonds. Furthermore, it provides tangible enjoyment. Therefore, while growing wealth. Additionally, you can use it. Finally, your family benefits.
What This Means for the Market
The Celebrity Effect
Celebrity purchases create buzz. First, they attract media attention. Second, they validate neighborhoods. Third, they drive demand. As a result, property values rise. Moreover, quickly.
Impact on Gables Estates
For instance, when The Weeknd bought in Gables Estates, other buyers took notice. Similarly, Wahlberg’s purchase highlighted Delray Beach. Therefore, these areas gain prestige. Moreover, higher prices follow. Additionally, demand increases.
Limited Supply Drives Prices
Florida’s luxury market has limited supply. Specifically, waterfront land is scarce. Moreover, exclusive communities rarely have inventory. Additionally, new development is restricted. Furthermore, environmental regulations limit building.
The Supply-Demand Dynamic
Therefore, when demand increases, prices rise quickly. Indeed, this benefits existing owners. Furthermore, it creates opportunities. Specifically, for investors. However, it challenges buyers. Moreover, those seeking value must act fast.
The Wealth Migration Continues
The Weeknd and Wahlberg aren’t alone. In fact, thousands of wealthy people move yearly. Specifically, to Florida. Moreover, about 30,000 high-income households relocated in 2022. Furthermore, this trend continues in 2025. Additionally, it’s accelerating.
Economic Impact
These relocators bring wealth. Additionally, they bring spending. Therefore, they support local businesses. Moreover, they drive real estate demand. Furthermore, they create jobs. Also, they pay property taxes. As a result, Florida’s economy grows. Indeed, significantly.
Other Celebrity Enclaves in South Florida
Miami Beach: Star Island and Hibiscus Island
Miami Beach attracts many celebrities. Specifically, Star Island is famous. Indeed, it’s home to numerous stars. Moreover, Hibiscus Island offers similar appeal.
Both provide waterfront living. Additionally, with Miami Beach lifestyle. Furthermore, close to restaurants. Also, near nightlife. Therefore, perfect for social celebrities.
Coconut Grove: Old Florida Charm
Coconut Grove offers a different vibe. Specifically, more bohemian. Additionally, more artistic. Moreover, with historic charm. Furthermore, waterfront properties abound. Also, proximity to downtown helps. Therefore, it attracts creative celebrities.
Brickell: Urban Luxury
Brickell appeals to younger celebrities. Indeed, it’s Miami’s financial district. Moreover, with luxury high-rises. Additionally, rooftop pools are standard. Also, amenities are abundant. Furthermore, walkable urban lifestyle. Therefore, perfect for busy professionals.
Explore Florida Luxury Real Estate
Interested in Florida’s luxury market? Amarante Real Estate Services provides expert guidance. Specifically, on high-end properties. Additionally, celebrity neighborhoods. Also, investment opportunities.
Schedule Your Consultation TodayFrequently Asked Questions
The Weeknd paid $50 million. Specifically, for a waterfront mansion. Moreover, in Coral Gables’ Gables Estates community. Furthermore, this set a new record. Indeed, for the most expensive residential sale. Specifically, in Coral Gables history. The property features 19,000 square feet. Additionally, eight bedrooms. Also, private waterfront access.
Mark Wahlberg purchased a $37 million estate. Specifically, in Stone Creek Ranch. Moreover, an exclusive community. Indeed, west of Delray Beach. Furthermore, known as “billionaires row.” The seven-bedroom property features equestrian facilities. Additionally, it offers privacy. Also, security.
Celebrities choose Florida for several reasons. First, zero state income tax saves millions annually. Second, privacy and security. Specifically, in gated communities. Third, waterfront lifestyle. Additionally, year-round warm weather. Also, proximity to international airports. Therefore, for high earners, the tax savings alone justify purchases.
Gables Estates is a 140-acre gated community. Specifically, in Coral Gables. Moreover, it features about 200 waterfront homes. Indeed, many with direct ocean access. Furthermore, via Biscayne Bay. The community is known for privacy. Additionally, security. Also, exclusivity. Therefore, it attracts billionaires. Similarly, celebrities. Furthermore, international business leaders. Finally, homes rarely come on the market.
The savings are huge. For example, someone earning $30 million yearly would pay $3.99 million. Specifically, in California state taxes. Similarly, $4.2+ million in New York. However, Florida has zero state income tax. Therefore, they save $4 million annually. Moreover, over ten years, that’s $40 million. As a result, even a $50 million home pays for itself. Indeed, through tax savings.
Florida luxury real estate has shown strong performance. For instance, The Weeknd’s property doubled. Specifically, in value over six years. Moreover, from $25.5M to $50M. Furthermore, that’s a 96% return. Additionally, waterfront properties benefit. Indeed, from limited supply. Also, celebrity purchases drive demand. Therefore, for qualified investors, Florida luxury real estate offers both lifestyle and appreciation potential.
The Bottom Line
The Weeknd and Mark Wahlberg just sent a powerful message. Specifically, Florida is where wealth is moving. Indeed, their combined $87 million investment shows confidence. Moreover, in Florida’s luxury market. Furthermore, in its future.
For Luxury Buyers
For luxury buyers, these deals validate the market. Additionally, they show appreciation potential. Furthermore, they highlight tax benefits. Also, lifestyle advantages. Therefore, Florida offers compelling value. Moreover, now is the time to act.
For Investors
For investors, celebrity purchases create opportunities. Specifically, they drive demand. Moreover, in surrounding areas. Additionally, they validate neighborhoods. Furthermore, they attract other wealthy buyers. As a result, property values rise. Indeed, significantly.
The Market Outlook
Whether you’re relocating to Florida, buying a luxury home, or investing in real estate, now is interesting. Indeed, the market is strong. Moreover, demand is high. Furthermore, supply is limited. Therefore, opportunities exist. However, for informed buyers only. Additionally, those who act quickly.
At Amarante Real Estate Services, we specialize. Specifically, in Florida’s luxury market. Whether you’re seeking a waterfront estate, a gated community home, or an investment property, we provide expertise. Indeed, the expertise you need. Moreover, for confident decisions. Furthermore, in this competitive market.
