Miami's Billionaire's Beach Attracts New York Wealth Post-Mamdani Election
TL;DR Summary
The article discusses the 'Mamdani effect,' where wealthy New Yorkers are increasingly interested in purchasing luxury properties in Miami, particularly around Billionaire’s Beach, following the election of Mayor Zohran Mamdani. This trend is reflected in rising inquiries and sales for high-end developments like Ritz-Carlton Residences, Four Seasons Private Residences, and Cipriani Residences, with buyers seeking opulence, exclusivity, and a lifestyle change.
- ‘The Mamdani effect’: wealthy New Yorkers show renewed interest in Miami’s Billionaire’s Beach The Guardian
- Billionaires scoop up Miami compounds to build trophy empires New York Post
- NYC luxury buyers reportedly flooding Miami Beach real estate market after Mamdani's mayoral election Fox Business
- Where New Yorkers and other new Florida arrivals might live — and work — in 2026 Sun Sentinel
- Florida Is Talking Up Big Wins From Mamdani Victory Newsweek
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