Overview
- Coldwell Banker’s mid‑year Global Luxury report in July found searches for buildable land rose about 97 percent year‑over‑year and queries for one‑of‑a‑kind properties jumped about 146 percent.
- High‑profile assemblages are under way as billionaires including Jeff Bezos, Ken Griffin, Larry Ellison and David MacNeil buy neighboring lots to enlarge estates or block development, with reported totals varying across outlets.
- Brokers say South Florida has become the hotspot where unsolicited off‑market offers are routine and buyers will sometimes pay a reported neighbor’s premium of roughly 20 percent to secure adjacent parcels.
- Nearly 40 percent of luxury specialists report buyers will overlook a home’s condition to get the right piece of land, a shift that is making all‑cash offers and off‑market deals more common in trophy markets.
- Industry sources say landmaxxing reflects motives such as privacy, multigenerational planning and an inflation hedge and could push prices higher, concentrate scarcity in waterfront neighborhoods, and drive more private, pre‑market transactions.