Gables Estates, located in Coral Gables, Miami, is ranked as the most expensive neighborhood in the US, surpassing Beverly Hills. According to Zillow, its high home value index is derived from sales transactions, tax assessments, public records, and details like square footage. The area attracts wealthy individuals, as Florida has no state income tax, leading to an influx of billionaires. Gables Estates features 179 waterfront lots averaging 56,240 square feet, boasting luxurious residences with docks that provide access to Biscayne Bay for boating enthusiasts.
"Gables Estates, a small gated community within the city of Coral Gables in Miami, is ranked the most expensive neighborhood in the US using Zillow's monthly home value data for the last 12 months."
"Florida is experiencing an influx of wealth, with billionaires like Jeff Bezos and Citadel's Ken Griffin moving their businesses south and others like tech billionaire Peter Thiel scooping up luxury property in the state, which doesn't have a state income tax."
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