South Florida Luxury Market Report: 21 Homes Sold Over $5M, $242.8M in Total Volume Week of July 22–29, 2026

Week Overview: $242.8M Across 21 Luxury Closings

The week of July 22–29, 2026 produced 21 closed sales at or above $5 million across South Florida and select coastal markets, totaling $242.8 million in combined sales volume. Prices ranged from $5 million at the entry point to $42 million at the top, reflecting continued depth across multiple price tiers in the region's luxury segment.

Cities represented in this week's closings included Miami, Coral Gables, South Miami, Pinecrest, Boca Raton, Jupiter, Golden Beach, Miami Beach, Fort Lauderdale, Hallandale Beach, Hillsboro Beach, Hialeah, and Ponte Vedra Beach — underscoring the geographic breadth of active luxury demand along Florida's eastern corridor. Thirteen of the 21 properties were priced between $5 million and $10 million, while five sales topped $10 million, and one exceeded $40 million.

Notable Sales: Top 5 Transactions of the Week

The week's most significant closing was 1107 Hillsboro Mile, Hillsboro Beach FL 33062, which sold for $42 million. The 10,101-square-foot estate features 7 bedrooms and 9 bathrooms and had been on the market for 115 days before closing. At $4,158 per square foot, this transaction stands as one of the largest residential closings in South Florida in recent months. Hillsboro Beach's beachfront corridor continues to attract ultra-high-net-worth buyers seeking privacy and direct oceanfront access north of Fort Lauderdale. The second-highest closing of the week was 625 Ocean Boulevard, Golden Beach FL 33160, which traded at $24 million after 205 days on market. The 6-bedroom, 6,734-square-foot home translates to approximately $3,566 per square foot — a strong per-foot metric for Golden Beach, a small gated municipality long favored by buyers seeking direct ocean frontage without the density of Miami Beach.

Rounding out the top five: 4040 Kiaora St, Miami FL 33133 closed at $22.5 million after an extended 471 days on market. The 8,833-square-foot, 6-bedroom, 8-bathroom Coconut Grove estate ultimately transacted at roughly $2,548 per square foot, illustrating that patient sellers in established Grove enclaves can still command significant prices even after prolonged listing periods. At No. 4, 194 Spyglass Court, Jupiter FL 33477 sold for $16.3 million — a 5-bedroom, 9,290-square-foot property that spent 91 days on market at approximately $1,755 per square foot, reinforcing Jupiter's position as one of the state's most competitive ultra-luxury submarkets. Closing out the top five, 6690 SW 96th St, Pinecrest FL 33156 traded at $14.5 million in just 23 days on market. The 10,001-square-foot, 7-bedroom, 10-bathroom estate at $1,450 per square foot represents one of the fastest closings at that price point this week and signals firm demand for Pinecrest's largest trophy properties.

Full Sales List: All 21 Closings, Week of July 22–29, 2026

The complete roster of 21 closed sales at $5 million or above for the week is as follows: 1107 Hillsboro Mile, Hillsboro Beach — $42M | 7 BD | 9 BA | 10,101 sq ft | 115 days on market. 625 Ocean Boulevard, Golden Beach — $24M | 6 BD | 6,734 sq ft | 205 days on market. 4040 Kiaora St, Miami — $22.5M | 6 BD | 8 BA | 8,833 sq ft | 471 days on market. 194 Spyglass Court, Jupiter — $16.3M | 5 BD | 9,290 sq ft | 91 days on market. 6690 SW 96th St, Pinecrest — $14.5M | 7 BD | 10 BA | 10,001 sq ft | 23 days on market. 2901 Collins Ave #1501, Miami Beach — $13.5M | 4 BD | 5 BA | 3,764 sq ft | 116 days on market. 5559 Pennock Point, Jupiter — $12M | 17 days on market. 117 Thatch Palm Cove, Boca Raton — $11M | 5 BD | 6 BA | 7,791 sq ft | 94 days on market. 503 Palm Dr, Hallandale Beach — $10.0M | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 119 N Gordon Road, Fort Lauderdale — $9.8M | 6 BD | 6,935 sq ft | 159 days on market. 6840 Sunrise Pl, Coral Gables — $8.1M | 4 BD | 5 BA | 3,589 sq ft | 152 days on market.

Continuing: 5340 Banyan Dr, Coral Gables — $7.3M | 5 BD | 5 BA | 5,690 sq ft | 32 days on market. 3747 NW 52nd St, Hialeah — $6.4M | 120 days on market. 1815 Fairhaven Pl, Miami — $6.5M | 4 BD | 4 BA | 3,665 sq ft | 232 days on market. 2521 Lincoln Ave, Miami — $6M | 5 BD | 6 BA | 79 days on market. 5890 SW 82nd St, South Miami — $5.8M | 5 BD | 6 BA | 4,258 sq ft | 12 days on market. 6201 SW 96th St, Pinecrest — $5.8M | 6 BD | 9 BA | 6,624 sq ft | 101 days on market. 1331 Ponte Vedra Boulevard, FL — $5.8M | 25 days on market. 434 NE 6th Street, Boca Raton — $5.6M | 5 BD | 4,879 sq ft | 29 days on market. 611 N Greenway Dr, Coral Gables — $5M | 4 BD | 4 BA | 3,839 sq ft | 266 days on market. 12110 SW 60th Ct, Pinecrest — $5.1M | 7 BD | 8 BA | 8,321 sq ft | 613 days on market.

Market Commentary: What This Week's Data Signals

This week's 21 closings tell a nuanced story of a market operating at multiple speeds simultaneously. The concentration of fast-moving closings — 5559 Pennock Point in Jupiter at 17 days, 5890 SW 82nd St in South Miami at 12 days, 6690 SW 96th St in Pinecrest at 23 days, and 434 NE 6th Street in Boca Raton at 29 days — suggests that well-priced, well-positioned properties in suburban luxury corridors are still encountering motivated, pre-qualified buyers who move decisively. At the same time, longer days-on-market figures — 471 days for the Kiaora Street estate in Miami, 613 days for the Pinecrest property on SW 60th Court, and 266 days for the Coral Gables home on N Greenway Drive — indicate that aspirationally priced or atypically configured properties continue to require patience and, in many cases, price discovery before finding their buyer.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that this week's data reveals a market in healthy two-track motion. 'What stands out to me is the Pinecrest cluster,' Smykalov observes. 'Three closings in Pinecrest alone this week — including the $14.5 million sale at 6690 SW 96th Street that went under contract in under a month — tells you that the estate-sized product in South Miami-Dade is drawing serious capital right now. Buyers who want land, privacy, and top-rated school access are finding Pinecrest more compelling than ever, and sellers there who price correctly are being rewarded with fast closings.' Smykalov also points to the Hillsboro Beach $42 million closing as emblematic of a broader pattern: 'Ultra-prime oceanfront inventory in smaller, lower-profile municipalities keeps transacting at extraordinary values. Hillsboro Mile is not a brand name like Palm Beach or Miami Beach, but the product there is irreplaceable, and this week's closing confirms that buyers at the highest tier know exactly what they're acquiring.'

Buyer and Seller Takeaways From This Week's Data

For sellers, this week's data carries a clear message about pricing discipline. The gap between the fastest closings — some under 25 days — and the longest-lingering listings — some beyond 400 days — correlates strongly with the accuracy of initial list pricing relative to market comparables. Properties that generate early momentum are closing quickly and cleanly; properties that require extended market exposure are ultimately transacting at values the market was willing to pay much earlier in the listing cycle. Sellers in Miami, Coral Gables, Pinecrest, and Jupiter in particular should be consulting closely with experienced advisors before setting initial asking prices, as the cost of over-listing in terms of time, carrying costs, and eventual negotiating position is visible in this week's data.

For buyers, the week reveals continued opportunities across price tiers. The $5 million to $8 million range — which accounted for 12 of the 21 closings — remains the most active luxury segment in South Florida, with meaningful inventory still available in Coral Gables, Pinecrest, Miami, and Boca Raton. Buyers seeking value relative to size should note that Pinecrest and South Miami continue to offer larger square footage per dollar than comparable coastal addresses. At the ultra-luxury tier above $10 million, Jupiter and Hillsboro Beach represent compelling alternatives to more congested coastal municipalities, as evidenced by this week's closings in both markets. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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