Number of 'millionaire cities' rises to 17 in South Florida. Here's a look at the communities

Lisa J. Huriash, South Florida Sun Sentinel on

Published in Business News

South Florida now has a larger number of “millionaire cities.”

There are 17 cities in South Florida where the typical home is worth at least $1 million, according to an analysis done by Zillow, in which it identified its millionaire cities across the country. That’s compared with 16 last year.

Newly on the list this time: Palmetto Bay, a village that’s 8 square miles and has 25,000 residents.

“It just confirms what the people who live in Palmetto Bay already know: It’s a great place to live, work and play,” said Mayor Karyn Cunningham. “It is exciting.”

The village isn’t far from Cutler Bay and Pinecrest, just nine miles from Coral Gables. (Pinecrest and Coral Gables are both millionaire cities, too.)

Of the rising values, Cunningham said: “There’s not a lot of inventory (and) folks who live there stay there.” The mayor, 60, is among those who’ve enjoyed staying, living there for 30 years. “We have a tendency to want to age in place.”


Nationwide, the number of affluent towns is growing. There are currently 550 U.S. cities where the typical home value is $1 million or more, up from 491 a year ago.

Here are the 17 “millionaire” cities across South Florida, according to Zillow. The typical home values are Zillow estimates, as of February:

Palm Beach County

—Golf, where the typical home is worth about $2.82 million.


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