Study: $1M in Florida buys 753 square feet of luxury housing

Florida is among the top 10 states where $1 million buys the least amount of real estate, according to a study from a high-end cabinetmaker. 

Luxury properties in Florida cost $1,360 per square foot, the study from Highland Cabinetry says, meaning $1 million will purchase about 753 square feet of luxury housing. Luxury properties in the Sunshine State average about $2.67 million, according to the study.

While Florida ranks No. 10 among states where $1 million buys the least amount of real estate, it does offer significantly more square footage for that price point than some other states.