Mansion Global: Florida’s Got a Surprising New House Hunter—Texans

The couple bought a unit at the Waldorf Astoria Miami Residences, which is set to open in 2026. Although they struggled to find another, move-in ready property in the city because the inventory is so low, they eventually found one and have already made the move, Ms. Quiceno said.

Some Texans, long-standing and recently minted alike, have sticker shock when they see the difference in home prices between Texas and Miami, she said. At the Waldorf, a roughly 3,500-square-foot residence is priced at $8.6 million. A similarly sized condo in a new building in Houston is currently listed at $4.9 million.