For many affluent Americans, owning a second home is fairly common. In fact, some of the wealthiest Americans may even own three, four, or more homes throughout the country or even the world. What about the ultra wealthy? Also known as “centi-millionaires”, these are those with a wealth of $100 million or more. Recently, Henley & Partners ranked top 10 U.S. towns where centi-millionaires owned second homes. To view the full report, click here.
Top 10 U.S. towns where centi-millionaires are buying second homes
- 1. Miami, FL
- 2. The Hamptons, NY
- 3. West Palm Beach, FL
- 4. Napa, CA
- 5. Aspen, CO
- 6. Santa Barbara and Montecito, CA
- 7. San Diego, CA
- 8. Jackson Hole, WY
- 9. Carmel-By-The-Sea, CA
- 10. Boca Raton, FL
It is not surprising that The Sunshine State is home to 3 out of the top 10 U.S. towns for a second home. As for Miami, the Henley and Partner’s report stated that during December 2022, there were over 800 centi-millionaires with homes in The Magic City. From 2012 to 2022, Miami has seen a growth in millionaires of about 75%! Furthermore, Miami was home to 38,000 millionaires, 160 centi-millionaires, and 12 billionaires.
If owning a second home in paradise is on your goal list, feel free to check out our previous article titled “How To Afford A Second Home Or Vacation Property”. If you are considering the purchase of a second in Miami or anywhere throughout South Florida, feel free to contact Natasha at Live South Florida Realty, Inc. today! Also, be sure to download the free Florida Home Search app for your mobile device as well.