South Florida Luxury Market Report: 19 Homes Sold Over $5M, $171.4M in Total Volume, Week of August 5–12, 2026

Week Overview: $171.4M in Closed Luxury Volume Across 10 South Florida Markets

Nineteen residential properties priced at $5 million or above closed during the week of August 5–12, 2026, producing $171.4 million in combined sales volume across ten distinct South Florida markets. The price range stretched from $5 million at the entry threshold — with two properties in Miami closing at exactly that figure — to a week-high of $20 million for a waterfront estate in Bay Harbor Islands. Cities represented in this week's closings include Miami, Fort Lauderdale, Key Biscayne, Boca Raton, West Palm Beach, Palm Beach, Palm Beach Gardens, North Miami, Miami Lakes, Medley, Hillsboro Beach, and Bay Harbor Islands, underscoring the geographic breadth of active luxury demand from Miami-Dade through Palm Beach County.

The median sale price for the week lands near $7.5 million, with notable clustering in the $5 million to $7.8 million range — thirteen of the nineteen transactions fell within that band. At the upper end, six properties closed at or above $10 million, demonstrating continued appetite for trophy-level assets throughout the summer. Days on market varied widely, from a single day for the $17.1 million Palm Beach estate at 350 Seabreeze Avenue to 351 days for 2500 N Florida Mango Road in West Palm Beach, which ultimately closed at $10.5 million — illustrating the persistence that can reward patient sellers even in protracted listings.

Notable Sales: The Five Highest-Priced Closings of the Week

The week's highest close was 9814 W Broadview Drive in Bay Harbor Islands, which sold for $20 million after just three days on the market. The eight-bedroom, nine-bathroom residence spans 5,916 square feet and represents a price-per-square-foot of approximately $3,381 — among the highest achieved in the Miami-Dade luxury segment this year. The ultra-brief marketing period signals that this property was likely pre-marketed or transacted with a highly motivated buyer already in position before the listing went live. Second on the week was 350 Seabreeze Avenue in Palm Beach at $17.1 million. Listed for a single day before going under contract, the five-bedroom, 4,936-square-foot estate delivered a sale-to-list efficiency that is virtually unheard of in the $15M-plus tier. Palm Beach's combination of limited land supply and persistent high-net-worth demand continues to produce these compressed timelines at the top of the market. Third was 955 Hillsboro Mile in Hillsboro Beach at $14.5 million — the largest home in this week's report at 8,928 square feet with five bedrooms and six bathrooms. The property spent 63 days on the market, a reasonable absorption period for a double-digit-million beachfront asset on one of Broward County's most coveted oceanfront corridors. Fourth, 240 Tangier Avenue in Palm Beach closed at $12 million. The four-bedroom, four-bathroom residence totaling 4,473 square feet had been listed 115 days before closing, a timeline consistent with measured price discovery in Palm Beach's competitive but selective buyer pool. Rounding out the top five, 2500 N Florida Mango Road in West Palm Beach finally closed at $10.5 million after 351 days on the market, demonstrating that significant luxury inventory can ultimately find a buyer at price, given sufficient time and the right buyer match.

Full Sales Ledger: All 19 Closed Transactions, Week of August 5–12, 2026

The complete list of closed luxury sales this week is as follows. 9814 W Broadview Drive, Bay Harbor Islands — $20,000,000 | 8 BD | 9 BA | 5,916 sq ft | 3 days on market. 350 Seabreeze Avenue, Palm Beach — $17,100,000 | 5 BD | 4,936 sq ft | 1 day on market. 955 Hillsboro Mile, Hillsboro Beach — $14,500,000 | 5 BD | 6 BA | 8,928 sq ft | 63 days on market. 240 Tangier Avenue, Palm Beach — $12,000,000 | 4 BD | 4 BA | 4,473 sq ft | 115 days on market. 2500 N Florida Mango Road, West Palm Beach — $10,500,000 | 351 days on market. 111 Reef Lane, Key Biscayne — $10,800,000 | 7 BD | 6 BA | 5,008 sq ft | 176 days on market. 400 Coral Way, Fort Lauderdale — $8,900,000 | 5 BD | 6,349 sq ft | 169 days on market. 723 Marble Way, Boca Raton — $7,800,000 | 6 BD | 5,242 sq ft | 9 days on market. 256 Alhambra Place, West Palm Beach — $7,500,000 | 6 BD | 5,984 sq ft | 123 days on market. 14324 Paradise Point Road, Palm Beach Gardens — $7,100,000 | 4 BD | 4,800 sq ft | 4 days on market. 6400 NW 84th Avenue, Medley — $6,500,000 | 35 days on market. 750 NE 69th Street, Boca Raton — $5,800,000 | 5 BD | 5,202 sq ft | 176 days on market. 2085 Keystone Boulevard, North Miami — $5,300,000 | 5 BD | 7 BA | 4,919 sq ft | 194 days on market. 2540 Mercedes Drive, Fort Lauderdale — $5,300,000 | 4 BD | 3,750 sq ft | 128 days on market. 14180 NW 77th Court, Miami Lakes — $5,100,000 | 277 days on market. 669 S Mashta Drive, Key Biscayne — $5,200,000 | 4 BD | 4 BA | 3,382 sq ft | 38 days on market. 4095 Hardie Avenue, Miami (Coconut Grove) — $5,000,000 | 5 BD | 7 BA | 3,736 sq ft | 88 days on market. 9381 SW 100th Street, Miami — $5,000,000 | 5 BD | 7 BA | 91 days on market. 14180 NW 77th Court, Miami Lakes — $5,100,000 | 277 days on market.

Together these nineteen transactions span more than 200 miles of South Florida coastline and inland luxury submarkets, closing at an aggregate $171.4 million. The diversity of location — from a bayfront estate in Bay Harbor Islands to a Hillsboro Beach oceanfront mansion to Coconut Grove village homes — reflects a market with demand spread broadly across geographies rather than concentrated in a single corridor.

Market Commentary: What This Week's Data Signals for South Florida Luxury

The week's data captures two distinct buyer types operating simultaneously in South Florida's luxury market. On one end, ultra-decisive buyers moved with exceptional speed: 350 Seabreeze Avenue in Palm Beach closed after one day listed, 9814 W Broadview Drive in Bay Harbor Islands closed after three days, and 14324 Paradise Point Road in Palm Beach Gardens after just four days. On the other end, properties with longer histories — including 2500 N Florida Mango Road at 351 days and 14180 NW 77th Court in Miami Lakes at 277 days — still found buyers and closed, suggesting the market is liquid enough to absorb even extended inventory when pricing is calibrated correctly. Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this bifurcation as a defining characteristic of the current cycle. 'What we're seeing this week is a tale of two buyer pools,' Smykalov notes. 'The fastest closings — Bay Harbor Islands in three days, Palm Beach in one day — are properties where either the location is irreplaceable or the buyer was already circling before the listing went public. Meanwhile, the 277-day and 351-day closings tell us that overpriced or functionally unique properties eventually trade, but sellers have to hold their nerve and trust the process. The fact that $10.5 million still materialized on a 351-day listing says demand is real — it's just more selective at that price point.'

Smykalov also points to the geographic spread of this week's closings as meaningful. 'Nineteen closings across ten distinct markets in a single week is not a fluke,' he says. 'From Medley to Palm Beach, from Key Biscayne to Hillsboro Beach, capital is entering South Florida luxury broadly. We are not seeing concentration in just one submarket, which is a healthier signal than what we observed in prior cycles when demand was almost entirely Miami Beach–centric.' The $6.5 million close in Medley at 6400 NW 84th Avenue — an inland commercial-adjacent address that would not typically appear in luxury residential sales — is a notable outlier worth watching as a potential signal of industrial or mixed-use premium asset activity bleeding into the residential classification.

Buyer and Seller Takeaways: What This Week's Data Means for You

For sellers, this week's data reinforces that correct pricing relative to true market comparables remains the single most powerful driver of time-to-close. Properties that sold in under ten days — 350 Seabreeze Avenue, 9814 W Broadview Drive, 14324 Paradise Point Road, and 723 Marble Way — all appear to have entered the market at prices the buyer pool immediately validated. Sellers who are willing to position at or near market value in the current environment can expect compressed timelines and reduced carrying costs. Conversely, sellers who tested the market at aspirational prices, such as those who waited 194 to 351 days, did ultimately close — but at the cost of extended holding periods and potentially reduced negotiating leverage.

For buyers, this week's ledger is a reminder that well-priced, irreplaceable assets in Palm Beach, Bay Harbor Islands, and Key Biscayne are not sitting on the shelf waiting for extended negotiation. The three properties that closed in four days or fewer likely received offers with limited contingency structures and clean terms. Buyers competing in the $10 million to $20 million tier should have financing or liquidity pre-confirmed and should be working with a broker who has access to pre-market and off-market inventory before it hits MLS. At the same time, buyers with patience and flexibility in the $5 million to $7.5 million range have a broader selection, with several properties in this week's report having marketed for 90 to 200-plus days before closing — meaning motivated sellers and real negotiating room. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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