How is wealth changing Miami? Here’s a rundown on luxury coming our way

Business admin June 29, 2026 0 Comments

How is wealth changing Miami? Here’s a rundown on luxury coming our way

A $34 million mansion launch on Fisher Island and a luxury private terminal are coming to Miami. Here’s a quick digest of the top stories shaping Miami’s high-end real estate, travel and tax landscape:

Airport luxury terminal: PS, a private aviation company, is opening a 34,000-square-foot private luxury terminal at Miami International Airport on June 30, offering caviar, spa treatments and expedited TSA screening. The pampering starts at $1,295 per person. The terminal is housed in the restored 1928 Pan Am Regional Headquarters.
Fisher Island mansions: A new development called The Mansions on Fisher Island is offering private mansions starting at $34 million in the richest ZIP code in the U.S. Just three homes remain for sale, and after the project finishes, no more new construction space will be available on the invite-only island.
Elon Musk movie filmed in Coral Gables: “ELON: The Tesla Story,” produced by and starring Armando Gutierrez, was shot at a $175 million waterfront mansion in Gables Estates owned by attorney John Ruiz. The film is set for a limited theatrical release this fall, with plans to sell to a streaming platform afterward.
California billionaire tax could fuel Miami market: California voters will decide in November on a 5% net worth tax on billionaires living in the state on Jan. 1, 2026. South Florida brokers and developers expect the measure could push wealthy Californians to relocate to low-tax Florida, boosting Miami’s luxury real estate market.
What the super-wealthy want in Miami: Wealth advisers at NewEdge Wealth Aligned Miami say the ultra-rich are flocking to South Florida because they can rebuild their lives quickly in the region. Recent arrivals include Google co-founders Larry Page and Sergey Brin and Meta CEO Mark Zuckerberg, continuing a tech-driven migration that accelerated during the pandemic.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.