Californians tempted to leave it all behind for Miami’s scorching real estate market

Miami’s luxury market is drawing a growing share of Californians—lured by Florida’s tax advantages, business-friendly climate, and lifestyle—with sales teams reporting that about 40% of recent summer buyers at Cipriani Residences Miami came from the West Coast; meanwhile, Mast Capital’s other marquee project, The Perigon Miami Beach, secured a $390M construction loan and is tracking toward a 2027 delivery, underscoring developer confidence; this buyer shift aligns with broader migration data showing nearly 240,000 people left California between 2023 and 2024, tens of thousands of whom moved to Florida. For more information click here.