Florida’s luxury real estate market is booming, and that is thanks in part to the popularity of private jet trips in the state.

This week, seven of the 10 most expensive housing listings in the country are located on the coast of southern Florida. That the elected president covers Donald TrumpThe territory of Palm Beach to the hot point of the northeastern transplantation of Naples on the Gulf side, Florida is governing the classifications.

The market has gained more traction as more Americans have made the decision to go south (although, mainly in a lower price range).

But southern Florida has become a center for rich owners looking for a luxury life, and want the flexibility provided by the multiple private airports in the region.

“The warm climate and sunny beaches have made Florida a holiday and retirement destination for decades,” he says Danielle HaleEconomist Chief of Realtor.com®. “For rich households and higher income, a friendly climate climate for business and a favorable fiscal environment that presents any individual income tax is probably supplied to the raffle.

“While Florida, particularly southern Florida, can take some time to get there, many important cities in the United States are within two or three hours of Florida flight, including Boston, New York, Chicago, Dallas and Houston if you ‘Re Flying Direct “.

What is feeding private Jet’s madness?

In the era of Pandemia after COVID-19, those who can pay private trips have opted for public transport. The private jet industry saw a great increase in 2022, although the number of flights has been leveled since then.

Much of that private Jet growth was in southern Florida, which has five of the 25 busiest private airport airports in the country.

Before the pandemic, the coasts of the south of Florida already had some of the most wanted real estate in the country, with elegant properties in Naples and Palm Beach County for hundreds of millions of dollars.

But real estate agents say that lately, private jet trips have brought even more interest to the area. Riviera Beach, for example, is just 20 minutes from Palm Beach International Airport, and the housing prices there have triggered a surprising 163% since last year. The average housing price in the city of Palm Beach County is now $ 1.1 million.

“The appeal of the region has been amplified by the ease of access provided by private aviation, especially postpania, since rich buyers prioritize privacy and flexibility,” he says James SchnarsMarketing Director of the International Real Estate of John R. Wood Christie in Naples.

Why South Florida is booming

Rich customers are attracted to southern Florida for the obvious reasons: the sun, surfing and the slowest rhythm of life. But they also expect convenience.

“Private access to Jet is a critical characteristic of the super rich lifestyle,” he says FACE AMEERAgent with Coldwell Banker in California and Florida. “This clientele tends to have properties in multiple locations and trips frequently, so being able to enter and leave is easily key, without the discomfort of public airports.”

Rich customers are also less likely to be affected by the increase in interest rates.

“The activity is at the upper end of the market”, Mariya LetdinBusiness professor at Florida State University, told Miami Herald earlier this year. “It is a history of two cities within a city. The highest market is isolated from what is happening. In the rest of the market, we will see prices decreases, because interest rates remain stable and people cannot afford to extend their budget. “

Even the recent extreme climate series in the region, including Hurricanes Helene and Milton, has not deteriorate rich buyers. In 2024, southern Florida saw the prices of 9.6% year after year.

Private flight offers greater flexibility

Have the flexibility to fly when they want is a great attraction for many of the real estate advisors Marc FitzgeraldCustomers.

“I have worked with multiple buyers who want to be able to fly over the weekend and go to their condominium and fly back,” says Fitzgerald, who is with Sotheby’s International Realty. “Having the ability to drive 10 minutes from the airport to its second home is essential.”

The increase in private trips to Jet “reflects the growing demand for exclusivity, convenience and a lifestyle that offers luxury and accessibility,” he adds.

On the southwest coast of Florida, the Jet-Setters easily fly inside and outside through the Naples Municipal Airport, the All-Civate.

For evidence of the growing interest in private trips, you should only see the number of private planes that fly to NMA. In 2021, the airport served 113,137 passengers. The following year, that number rose to 184,134.

At least 80% of those people visited the area because they already had properties in Collier County or were looking to buy properties, according to the Naples airport authority.

Similarly, on the southeast coast of Florida, Palm Beach International, which serves commercial and private flights, saw a 95% increase in private trips between December 2019 and December 2022.

“The ability to fly, travel multiple luxury listings and return home in a single day makes Florida southwest to .

Jet-setters love Florida’s flying and flying culture

Southeast Florida is home to multiple Airpark communities flying, where owners can simply park their planes in their tickets.

The Aero Club, located in Wellington, near Palm Beach, is an Airpark community where houses can be built with private plane hangars. Residents have access to a private track 4,000 feet.

Nearby, in Jupiter, the closed community of Dobil in Tail also offers opportunities with its 2,700 feet long track. A house is on the market for $ 3.7 million, and the lucky buyer will have the option of building a custom hangar on the property.

The Airpark South South, a luxury housing development in Naples, offers similar services. Each house includes a personalized hangar, and the development is built around a private track.