Kingston, Jamaica — 5 March 2026
A surge in ultra-luxury property purchases in Miami has drawn global attention to the way extreme wealth is reshaping coastal real estate markets. While the phenomenon is largely centred in the United States, it raises broader questions about how international demand, land scarcity, and global investment flows could influence property markets in the Caribbean — including Jamaica.
Recent reports from the United States describe a sharp escalation in prices for waterfront estates in Miami Beach and surrounding islands in Biscayne Bay. A small number of high-net-worth buyers, including technology entrepreneurs and hedge fund executives, have been competing for a limited supply of large waterfront properties. In some cases, neighbouring homes are being purchased simply to consolidate land for larger residential compounds.
Several transactions have exceeded US$100 million, with one newly constructed property reportedly selling for approximately US$170 million, …
