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Inside America's most expensive neighborhood — and it's not Beverly Hills [Business Insider]
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Zillow ranked Gables Estates in Miami the most expensive neighborhood in the US. Florida's lack of state income tax attracts wealth, boosting its luxury real estate market. Gables Estates features 179 mostly waterfront lots averaging 56,240 square feet in size. Miami's wealthiest don't just sit behind floor-to-ceiling windows in luxury high-rise condos — many of them hide under the shade of Spanish-moss-filled Banyan trees in this 1920s town. Gables Estates, a small gated community within the city of Coral Gables in Miami, is ranked the most expensive neighborhood in the US using Zillow's monthly home value data for the last 12 months. It topped Beverly Hills , often regarded as a pinnacle of wealth. The data found that the neighborhood had the highest home value index in the country, based on an assessment of "sales transactions, tax ass
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