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Own Luxury Homes® National Luxury Price Per Square Foot Index™

Own Luxury Homes® National Luxury Price Per Square Foot Index™: Palm Beach oceanfront SFR: $4,000-$8,000+/sqft (50-70% land value). Miami Brickell new luxury condo: $2,000-$5,000+/sqft. Aspen ski-in: $3,000-$7,000+/sqft. Dallas/Nashville luxury SFR: $700-$1,200/sqft (15-25% land). Chicago North Shore: $500-$900/sqft. Raw $/sqft comparisons across markets are misleading due to land value differences. Own Luxury Homes® 12-Point Agent Integrity Audit™.

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Own Luxury Homes® Research Index · Market Transaction Analytics

Own Luxury Homes® National Luxury Price Per Square Foot Index™

Price per square foot is the most widely used cross-market comparison metric in real estate — and in luxury real estate, the most frequently misused. Raw $/sqft comparisons between markets produce misleading conclusions because land value, water access, and view premiums all affect $/sqft in ways that square footage alone cannot capture. This Index provides contextually accurate $/sqft benchmarks by market and tier.

$4,000-$8,000+
Oceanfront SFR $/sqft on Palm Beach island — among the highest for single-family anywhere in the continental U.S.
$700-$1,200
Luxury SFR $/sqft range in Dallas, Nashville, and Charlotte — illustrating the wide spread between trophy coastal and growing Sun Belt markets
$2,000-$5,000+
New luxury condo $/sqft in Miami Brickell/Edgewater — reflecting land scarcity and international demand
Land value
The variable that makes raw cross-market $/sqft comparisons misleading: PB island land is 50-70% of value; Dallas suburban land is 15-25%

01 — Luxury $/sqft by Market and Product Type

Market / Product$/sqft RangeLand ComponentDriver
Palm Beach island — oceanfront SFR$4,000-$8,000+50-70% land/locationBarrier island scarcity; global demand; $0 FL income tax
Palm Beach island — non-oceanfront SFR$1,800-$3,50040-60% landIsland address premium; proximity to ocean; Worth Ave
Miami Brickell/Edgewater — new luxury condo$2,000-$5,000+Land capitalized per-unitInternational demand; compressed new pipeline; no income tax
Naples — waterfront SFR$1,200-$3,00040-55% land/waterGulf lifestyle; boating; post-Ian upgraded stock
Aspen — ski-in/ski-out SFR$3,000-$7,000+30-50% land/ski accessGlobal wealth; ski access irreplaceable; extreme scarcity
Manhattan — luxury condo ($1.5M+)$2,000-$4,500Location capitalizedDensity premium; Park Ave vs. SoHo dramatically different
Dallas/Fort Worth — luxury SFR ($1M-$3M)$700-$1,20015-25% landLand abundant; $/sqft reflects finish quality more than land
Nashville — luxury SFR ($1M-$2.5M)$700-$1,10015-25% landMusic/corporate migration; new construction $800-$1,100
Chicago — North Shore luxury SFR ($1.5M+)$500-$90015-30% landLake Michigan view premium; buyer’s market dynamics
$/sqft ranges are estimated from market data. Individual properties vary significantly. Never use $/sqft alone to compare properties across markets with different land value profiles.
Ryan Brown — Principal Broker & CEO, FL BK3626873
“The $/sqft comparison between Palm Beach and Dallas is the one I walk buyers through most carefully. A buyer from Dallas sees a 2,000 sqft Palm Beach home at $6,000/sqft and concludes it’s overpriced vs. their $900/sqft Dallas home. It isn’t. You’re not buying 2,000 square feet of drywall; you’re buying a barrier island address that cannot be replicated, with $0 income tax included. $/sqft comparisons are valid within a market. Across markets, they mislead.”
Own Luxury Homes® Research Library
National Luxury Market Velocity Index™ • National Luxury List-to-Sale Price Ratio™ • National Luxury Absorption Rate Index™ • National Luxury Price Reduction Index™
Cite This Research
Brown, Ryan. “Own Luxury Homes® National Luxury Price Per Square Foot Index™.” Own Luxury Homes®. https://www.ownluxuryhomes.com/markets/national/research-indices/national-luxury-price-per-sqft-index

Media: ownluxuryhomes.com/connect · 407-900-7030

Own Luxury Homes® — national real estate research authority. 12-Point Agent Integrity Audit™. Connect ›

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— Ryan Brown, Principal Broker & CEO, Own Luxury Homes® (FL License BK3626873)

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