South Florida Luxury Market Report: 23 Homes Sold Over $5M, $224.1M in Total Volume, Week of July 29–August 5, 2026

Week Overview: 23 Sales, $224.1M in Volume, $5M–$34.4M Price Range

The week of July 29 through August 5, 2026 produced 23 closed luxury transactions above $5 million across South Florida's primary waterfront and estate markets, totaling $224.1 million in combined sales volume. The price range spanned from $5 million at the entry threshold — recorded at 8600 Surrey Ln in Boca Raton — to $34.4 million at 1960 S Ocean Boulevard in Manalapan, making that oceanfront listing the most expensive residential close in the region this week by a significant margin. The average transaction value for the week landed at approximately $9.74 million, while the median sale was $7.3 million, reflecting a market where mid-tier luxury between $6 million and $10 million continues to drive transactional throughput.

Cities represented in this week's closings included Fort Lauderdale, Miami, Coral Gables, Boca Raton, Key Biscayne, Pinecrest, Wellington, Jupiter, Manalapan, Palm Beach Gardens, North Miami, Coconut Grove, and Bay Harbor Islands — a geographically diverse cross-section that spans Broward, Miami-Dade, and Palm Beach counties. Of the 23 sales, five recorded zero days on market, indicating off-market or pre-market transactions that never entered active listing status, a trend that has become increasingly common in the $6 million-and-above price band across South Florida's most competitive submarkets.

Notable Sales: Top 5 Closings by Price

The week's top sale was 1960 S Ocean Boulevard in Manalapan, closing at $34.4 million after just seven days on market. The oceanfront property in the ultra-exclusive enclave of Manalapan — a barrier island town between Palm Beach and Boynton Beach with a population under 500 — represents one of the most significant single-family closes recorded in Palm Beach County in 2026. Details on bedroom count and square footage were not disclosed in the MLS filing, but the sub-one-week marketing period and price point signal a highly motivated, pre-qualified buyer pool with direct oceanfront access as the driving premium. Second on the week was 1642 Sabal Palm Drive in Boca Raton's Royal Palm Yacht and Country Club, closing at $21.5 million with zero days on market. The 9,370-square-foot estate offered seven bedrooms and nine bathrooms, and its off-market status suggests the buyer and seller operated through a private network — consistent with how transactions at this price tier increasingly occur in Boca Raton's most prestigious gated communities. Third was 10312 W Broadview Drive in Bay Harbor Islands, a Miami-Dade barrier island community, which closed at $18 million after just one day on market. Bay Harbor Islands has seen a sharp appreciation curve over the past three years driven by proximity to Bal Harbour, walkability, and a limited land supply, making this sale a benchmark data point for the submarket.

Fourth on the week was 11749 Belladonna Court in Palm Beach Gardens, recording a $13.5 million close with zero days on market. The 11,510-square-foot residence — the largest home sold this week by square footage — featured six bedrooms and eight bathrooms, and its off-market nature alongside its outsized footprint suggests a custom or semi-custom estate transaction within a private community. Fifth was 460 Costanera Road in Coral Gables, closing at $10.5 million after 103 days on market. The 10,025-square-foot property with eight bedrooms and nine bathrooms is one of the most substantial single-family offerings in the Coral Gables Waterways area, and its 103-day marketing period before reaching contract is consistent with buyer-side diligence timelines typical for properties in the $10 million range in Miami-Dade's estate market.

Full Sales List: All 23 Closings, Week of July 29–August 5, 2026

The following are all 23 closed transactions above $5 million recorded in South Florida during the week of July 29 through August 5, 2026, presented in descending order by sale price: 1) 1960 S Ocean Blvd, Manalapan — $34.4M | 7 DOM; 2) 1642 Sabal Palm Drive, Boca Raton — $21.5M | 7 BD | 9 BA | 9,370 sq ft | 0 DOM; 3) 10312 W Broadview Dr, Bay Harbor Islands — $18M | 1 DOM; 4) 11749 Belladonna Court, Palm Beach Gardens — $13.5M | 6 BD | 8 BA | 11,510 sq ft | 0 DOM; 5) 460 Costanera Rd, Coral Gables — $10.5M | 8 BD | 9 BA | 10,025 sq ft | 103 DOM; 6) 4 Isla Bahia Drive, Fort Lauderdale — $9.9M | 5 BD | 5,287 sq ft | 120 DOM; 7) 340 San Marco Dr, Fort Lauderdale — $9.5M | 5 BD | 7 BA | 6,936 sq ft | 113 DOM; 8) 7426 SW 49th Pl, Miami — $9.3M | 6 BD | 8 BA | 6,135 sq ft | 133 DOM; 9) 19505 SE Turnbridge Drive, Jupiter — $8.0M | 6 BD | 7,230 sq ft | 126 DOM; 10) 360 Ocean Dr #1106S, Key Biscayne — $7.0M | 3 BD | 5 BA | 2,257 sq ft | 0 DOM; 11) 11368 Polo Park Trail, Wellington — $7.3M | 6 BD | 7 BA | 7,022 sq ft | 399 DOM; 12) 2370 Bayview Ln, North Miami — $7.5M | 6 BD | 7 BA | 5,750 sq ft | 128 DOM; 13) 30 Samana Dr, Coconut Grove — $7.5M | 5 BD | 7 BA | 4,964 sq ft | 136 DOM; 14) 7100 W Commercial Blvd, Fort Lauderdale — $6.8M | 540 DOM; 15) 678 Hermitage Cir, Palm Beach Gardens — $6.5M | 5 BD | 7 BA | 6,045 sq ft | 24 DOM; 16) 6920 SW 124th St, Pinecrest — $6.5M | 6 BD | 8 BA | 5,926 sq ft | 24 DOM; 17) 21476 Burnside Court, Boca Raton — $6.3M | 7 BD | 10,890 sq ft | 0 DOM; 18) 120 NE 23rd St, Miami — $6.1M | 122 DOM; 19) 2627 S Bayshore Dr #2904, Miami — $6.0M | 3 BD | 4 BA | 2,640 sq ft | 122 DOM; 20) 6641 SW 85th St, Miami — $5.9M | 6 BD | 8 BA | 5,266 sq ft | 45 DOM; 21) 14949 SW 184th Ave, Miami — $5.6M | 6 BD | 7 BA | 9,264 sq ft | 175 DOM; 22) 731 NE 69th St, Boca Raton — $5.5M | 6 BD | 7 BA | 5,260 sq ft | 8 DOM; 23) 8600 Surrey Ln, Boca Raton — $5.0M | 15 DOM.

Days on market ranged from zero to 540 — the latter recorded at 7100 W Commercial Blvd in Fort Lauderdale, a listing that spent nearly 18 months in the market before finding a buyer at $6.8 million. Five properties closed with zero days on market, confirming active off-market deal flow above the $6 million threshold. The longest residential DOM outside the commercial-use Fort Lauderdale listing was 11368 Polo Park Trail in Wellington at 399 days, which ultimately traded at $7.3 million after more than a year of market exposure — a result that will serve as a pricing reference point for equestrian-community estate inventory across Palm Beach County.

Market Commentary: What This Week's Data Signals

The week's 23-transaction, $224.1 million result reflects a market operating in a bifurcated mode: off-market velocity at the top, and extended negotiation timelines in the sub-$10 million segment where buyers are increasingly willing to wait. Five of the 23 closings never appeared in public listings, while several others — including the $9.3 million close in Miami's South Kendall corridor and the $9.9 million Isla Bahia Drive waterfront in Fort Lauderdale — spent between 120 and 133 days in contract negotiation before closing. That divergence between instant off-market trades and months-long public-market processes reflects a structural feature of South Florida luxury that has intensified since 2024: the best-priced or best-located properties are absorbed privately, while listings requiring price discovery spend longer on market.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the week's concentration of zero-DOM closings — spanning Bay Harbor Islands, Palm Beach Gardens, Key Biscayne, and Boca Raton — is a direct signal of broker-to-broker deal flow that never surfaces publicly. 'When you see five closings in a single week with zero days on market across that wide a geographic spread, you're not looking at coincidence,' Smykalov observes. 'You're looking at a buyer pool that is actively networked into inventory before it lists, and a seller pool that prefers discretion at these price points. The $18 million Bay Harbor Islands close after one day, the $13.5 million Belladonna Court close at zero days — those are not accidental. That is the private market functioning in parallel to the MLS.' Smykalov also flags the $34.4 million Manalapan oceanfront as noteworthy not just for its price but for its seven-day marketing period: 'Manalapan rarely trades, and when it does, it moves fast. Seven days on market at $34.4 million tells you the buyer was already identified before the sign went in the ground.'

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

For sellers, this week's data reinforces a clear pricing principle: correctly positioned properties in high-demand submarkets continue to close quickly, while overpriced or less-differentiated listings face extended market exposure regardless of price tier. The $5.5 million close at 731 NE 69th St in Boca Raton after just eight days and the $6.5 million Pinecrest and Palm Beach Gardens closings at 24 days each demonstrate that the $5 million to $7 million segment retains strong buyer interest when value is clear. Conversely, the 399-day Wellington equestrian estate and the 540-day Fort Lauderdale commercial listing are cautionary benchmarks for sellers who enter the market above where demand is concentrated.

For buyers, the five zero-DOM closings this week underscore that waiting for listings to appear publicly means missing a meaningful portion of available inventory above $10 million. Strategic buyers in the $10 million to $35 million range need direct broker relationships to access properties before they reach — or instead of ever reaching — public listing status. The week's data also suggests that Palm Beach County submarkets, particularly Manalapan, Palm Beach Gardens, and Boca Raton's estate communities, are generating more top-tier velocity than Miami-Dade this week, a trend worth monitoring as summer inventory patterns shift into fall. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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