South Florida Luxury Market Report: 21 Homes Sold Over $5M, $251.4M in Total Volume — Week of July 23–30, 2026

Week Overview: $251.4M in Closed Volume Across Nine South Florida Markets

The week of July 23–30, 2026 produced 21 closed luxury sales at or above $5 million across South Florida, totaling $251.4 million in combined transaction volume. Prices ranged from $5 million at 611 N Greenway Drive in Coral Gables to $42 million at 1107 Hillsboro Mile in Hillsboro Beach, reflecting the breadth and depth of demand across the region's upper-tier residential market.

Nine distinct markets were represented in this week's closings: Coral Gables, Miami, Miami Beach, Boca Raton, Jupiter, Pinecrest, Fort Lauderdale, Golden Beach, Hallandale Beach, Hillsboro Beach, and Hialeah. Days on market ranged from a swift 17 days at 5559 Pennock Point in Jupiter to 613 days at 12110 SW 60th Court in Pinecrest, underscoring the wide variation in absorption rates even within the same price tier.

Notable Sales: The Top 5 Closings by Price This Week

The week's highest-priced closing was 1107 Hillsboro Mile in Hillsboro Beach, a 10,101-square-foot oceanfront estate with 7 bedrooms and 9 bathrooms that sold for $42 million after 115 days on market. Second was 625 Ocean Boulevard in Golden Beach, a 6-bedroom, 6,734-square-foot residence that closed at $24 million following 205 days on market — a transaction that reflects sustained demand for direct ocean-frontage in Miami-Dade's most exclusive enclave. Third was 4040 Kiaora Street in Miami's Coconut Grove area, a substantial 8,833-square-foot, 6-bedroom, 8-bathroom home that closed at $22.5 million after an extended 471 days on market, signaling that patient sellers can still achieve premium pricing on exceptional properties.

Rounding out the top five, 194 Spyglass Court in Jupiter closed at $16.3 million — a 5-bedroom, 9,290-square-foot estate that spent 91 days on market — and 6690 SW 96th Street in Pinecrest sold for $14.5 million, delivering 10,001 square feet across 7 bedrooms and 10 bathrooms in just 23 days. The Pinecrest transaction, in particular, stands out for both its size and its speed to close, suggesting well-priced large-estate inventory in that submarket continues to attract decisive buyers.

Full Sales Ledger: All 21 Closed Transactions, July 23–30, 2026

The complete list of closed sales at or above $5 million this week is as follows: 1107 Hillsboro Mile, Hillsboro Beach FL 33062 — $42,000,000 | 7 BD | 9 BA | 10,101 sq ft | 115 days on market. 625 Ocean Boulevard, Golden Beach FL 33160 — $24,000,000 | 6 BD | 6,734 sq ft | 205 days on market. 4040 Kiaora St, Miami FL 33133 — $22,500,000 | 6 BD | 8 BA | 8,833 sq ft | 471 days on market. 194 Spyglass Court, Jupiter FL 33477 — $16,300,000 | 5 BD | 9,290 sq ft | 91 days on market. 6690 SW 96th St, Pinecrest FL 33156 — $14,500,000 | 7 BD | 10 BA | 10,001 sq ft | 23 days on market. 2901 Collins Ave #1501, Miami Beach FL 33140 — $13,500,000 | 4 BD | 5 BA | 3,764 sq ft | 116 days on market. 5559 Pennock Point, Jupiter FL 33458 — $12,000,000 | 17 days on market. 117 Thatch Palm Cove, Boca Raton FL 33432 — $11,000,000 | 5 BD | 6 BA | 7,791 sq ft | 94 days on market. 503 Palm Dr, Hallandale Beach FL 33009 — $10,000,000 | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 119 N Gordon Road, Fort Lauderdale FL 33301 — $9,800,000 | 6 BD | 6,935 sq ft | 159 days on market. Coral Gables property — $8,900,000 | 5 BD | 6 BA | 5,053 sq ft | 416 days on market. 340 San Marco Dr, Fort Lauderdale FL 33301 — $9,500,000 | 5 BD | 7 BA | 6,936 sq ft | 113 days on market. 7426 SW 49th Pl, Miami FL 33143 — $9,300,000 | 6 BD | 8 BA | 6,135 sq ft | 133 days on market. 6840 Sunrise Pl, Coral Gables FL 33133 — $8,100,000 | 4 BD | 5 BA | 3,589 sq ft | 152 days on market. 3747 NW 52nd St, Hialeah FL 33142 — $6,400,000 | 120 days on market. 8000 Los Pinos Blvd, Coral Gables FL 33143 — $6,300,000 | 5 BD | 6 BA | 6,938 sq ft | 185 days on market. 2521 Lincoln Ave, Miami FL 33133 — $6,000,000 | 5 BD | 6 BA | 79 days on market. 1331 Ponte Vedra Boulevard, FL 32082 — $5,800,000 | 25 days on market. 434 NE 6th Street, Boca Raton FL 33432 — $5,600,000 | 5 BD | 4,879 sq ft | 29 days on market. 611 N Greenway Dr, Coral Gables FL 33134 — $5,000,000 | 4 BD | 4 BA | 3,839 sq ft | 266 days on market. 12110 SW 60th Ct, Pinecrest FL 33156 — $5,100,000 | 7 BD | 8 BA | 8,321 sq ft | 613 days on market.

Coral Gables led all markets with four closed transactions this week — 6840 Sunrise Place ($8.1M), 8000 Los Pinos Blvd ($6.3M), 611 N Greenway Drive ($5M), and an unlisted-address property ($8.9M) — combining for roughly $28.3 million. Miami and Fort Lauderdale each contributed three closings, while Jupiter, Pinecrest, and Boca Raton each saw two transactions clear $5 million.

Market Commentary: What This Week's Data Reveals About South Florida's Luxury Landscape

This week's 21 closings tell a nuanced story about a market that is neither uniformly hot nor uniformly slow. The bimodal distribution of days on market — with several properties closing in under 30 days while others required well over a year — points to a market that is sharply rewarding well-priced, move-in-ready inventory while still penalizing overpriced listings, even in premium locations. The 613-day close at 12110 SW 60th Court in Pinecrest and the 471-day resolution at 4040 Kiaora Street in Miami illustrate that the luxury tier is not immune to price discovery friction, but also that motivated sellers willing to wait can still achieve eight-figure outcomes.

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with over $500 million in closed waterfront transactions — notes that this week's concentration of closings in Coral Gables, with four transactions across a wide price range from $5 million to $8.9 million, reflects the ongoing recalibration of that market toward stronger fundamentals. 'Coral Gables is closing the gap between aspirational pricing and market reality,' Smykalov observes. 'When you see four closings in a single week — including properties that sat for over 400 days — it tells you that sellers are finally meeting the market and buyers are responding. The volume at Hillsboro Mile and Golden Beach also confirms that true oceanfront scarcity is still commanding top-of-market premiums with minimal negotiation. That segment of the market has not softened.' He further points to the $12 million Pennock Point closing in Jupiter after only 17 days as evidence that the Palm Beach County waterfront corridor remains among the most competitive sub-markets in the state.

Buyer and Seller Opportunities: What This Week's Data Means for Your Next Move

For sellers, this week's data offers a clear directive: accurate pricing at the outset is the single most powerful lever available. Properties priced correctly for current market conditions in Pinecrest, Jupiter, and Boca Raton closed in under 30 days this week. Listings that lingered — some for more than a year — still closed at significant prices, but at a cost in time, carrying expense, and negotiating leverage. Sellers who are considering listing in the second half of 2026 should benchmark against this week's closed comps rather than peak-cycle aspirational figures.

For buyers, the breadth of this week's closed sales — spanning $5 million to $42 million across nine markets — confirms that opportunity exists at multiple price points and in multiple geographies. The Coral Gables closings in particular suggest a market where patient, informed buyers can secure premium square footage at more reasonable per-foot metrics than coastal alternatives. The $42 million Hillsboro Beach close and the $24 million Golden Beach transaction, meanwhile, reinforce that true oceanfront product continues to trade at a premium with little room for discount negotiation. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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