South Florida Luxury Market Report: 23 Homes Sold Over $5M, $251.6M in Total Volume, Week of July 28–August 4, 2026

Week Overview: 23 Closings, $251.6M in Volume Across 14 Markets

The week of July 28 through August 4, 2026 produced 23 closed sales at or above the $5 million threshold across South Florida's luxury residential market, with total combined volume reaching $251.6 million. Prices ranged from $5 million at the entry point to $42 million at the top, representing a spread of $37 million between the lowest and highest recorded transactions. The median sale price for the week came in at approximately $8 million, reflecting broad activity across the mid- and upper-luxury tiers.

Fourteen distinct markets recorded closings this week, including Miami, Coral Gables, Fort Lauderdale, Boca Raton, Hallandale Beach, Hillsboro Beach, Key Biscayne, Pinecrest, Wellington, Jupiter, Manalapan, Palm Beach Gardens, and unincorporated areas of Miami-Dade and Palm Beach counties. No single city dominated, a pattern that reflects the increasingly distributed nature of South Florida's luxury buyer pool. Three sales closed with zero days on market — 1642 Sabal Palm Drive in Boca Raton at $21.5 million, 21476 Burnside Court in Boca Raton at $6.3 million, and 11749 Belladonna Court in Palm Beach Gardens at $13.5 million — pointing to off-market or pre-negotiated activity that never entered public inventory.

Notable Sales: Top 5 Transactions by Price

The week's highest transaction was 1107 Hillsboro Mile in Hillsboro Beach, closing at $42 million after 115 days on market. The 10,101-square-foot oceanfront estate offers 7 bedrooms and 9 bathrooms, and its sale reflects enduring demand for direct ocean frontage in Broward County's most exclusive coastal enclave. At $4,158 per square foot, this closing resets expectations for the Hillsboro Mile corridor. The second-largest transaction was 1960 S Ocean Boulevard in Manalapan, which closed at $34.4 million after just 7 days on market — an extraordinarily swift closing at that price point that suggests the buyer may have been previously qualified or known to the listing. No size data was provided in MLS records for this property.

Third on the week was 1642 Sabal Palm Drive in Boca Raton, a 9,370-square-foot estate with 7 bedrooms and 9 bathrooms that closed at $21.5 million with zero days on market, indicating a fully off-market transaction. Fourth was 11749 Belladonna Court in Palm Beach Gardens, a 11,510-square-foot residence with 6 bedrooms and 8 bathrooms that closed at $13.5 million, also with zero days on market. Rounding out the top five was 460 Costanera Road in Coral Gables, an 8-bedroom, 9-bathroom home spanning 10,025 square feet that sold for $10.5 million after 103 days on market — a waterfront transaction in one of Miami-Dade's most coveted residential districts.

Full Sales Log: All 23 Closings, Week of July 28–August 4, 2026

The complete list of closed transactions above $5 million for the week is as follows, ranked by sale price in descending order: 1107 Hillsboro Mile, Hillsboro Beach — $42,000,000 | 7 BD | 9 BA | 10,101 sq ft | 115 days on market. 1960 S Ocean Blvd, Manalapan — $34,400,000 | 7 days on market. 1642 Sabal Palm Drive, Boca Raton — $21,500,000 | 7 BD | 9 BA | 9,370 sq ft | 0 days on market. 11749 Belladonna Court, Palm Beach Gardens — $13,500,000 | 6 BD | 8 BA | 11,510 sq ft | 0 days on market. 460 Costanera Rd, Coral Gables — $10,500,000 | 8 BD | 9 BA | 10,025 sq ft | 103 days on market. 503 Palm Dr, Hallandale Beach — $10,000,000 | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 4 Isla Bahia Drive, Fort Lauderdale — $9,900,000 | 5 BD | 5,287 sq ft | 120 days on market. 340 San Marco Dr, Fort Lauderdale — $9,500,000 | 5 BD | 7 BA | 6,936 sq ft | 113 days on market. 7426 SW 49th Pl, Miami — $9,300,000 | 6 BD | 8 BA | 6,135 sq ft | 133 days on market. Coral Gables property (address withheld per MLS) — $8,900,000 | 5 BD | 6 BA | 5,053 sq ft | 416 days on market. 19505 SE Turnbridge Drive, Jupiter — $8,000,000 | 6 BD | 7,230 sq ft | 126 days on market.

Continuing the full log: 11368 Polo Park Trail, Wellington — $7,300,000 | 6 BD | 7 BA | 7,022 sq ft | 399 days on market. 7100 W Commercial Blvd, Fort Lauderdale — $6,800,000 | 540 days on market. 360 Ocean Dr #1106S, Key Biscayne — $7,000,000 | 3 BD | 5 BA | 2,257 sq ft | 0 days on market. 6920 SW 124th St, Pinecrest — $6,500,000 | 6 BD | 8 BA | 5,926 sq ft | 24 days on market. 21476 Burnside Court, Boca Raton — $6,300,000 | 7 BD | 10,890 sq ft | 0 days on market. 8000 Los Pinos Blvd, Coral Gables — $6,300,000 | 5 BD | 6 BA | 6,938 sq ft | 185 days on market. 2521 Lincoln Ave, Miami — $6,000,000 | 5 BD | 6 BA | 79 days on market. 2627 S Bayshore Dr #2904, Miami — $6,000,000 | 3 BD | 4 BA | 2,640 sq ft | 122 days on market. 6641 SW 85th St, Miami — $5,900,000 | 6 BD | 8 BA | 5,266 sq ft | 45 days on market. 14949 SW 184th Ave, Miami — $5,600,000 | 6 BD | 7 BA | 9,264 sq ft | 175 days on market. 731 NE 69th St, Boca Raton — $5,500,000 | 6 BD | 7 BA | 5,260 sq ft | 8 days on market. 8600 Surrey Ln, Boca Raton — $5,000,000 | 15 days on market.

Market Commentary: What This Week's Data Signals

Several data points from this week stand out as meaningful signals for market observers. Five of the 23 closings had been on the market for more than 175 days before finding buyers — including the Coral Gables property at 416 days, 11368 Polo Park Trail in Wellington at 399 days, and 7100 W Commercial Blvd in Fort Lauderdale at 540 days. These protracted timelines contrast sharply with the three properties that transacted with zero days on market and the Manalapan estate that moved in a week at $34.4 million, illustrating a bifurcated market where correctly positioned assets trade almost instantly while overpriced or mispositioned listings absorb prolonged carrying costs before capitulating to market price.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, notes that the week's concentration of off-market and near-immediate closings at the highest price points is a defining characteristic of the current cycle. 'What we're seeing in the data from this week is a two-speed market,' Smykalov observes. 'The Manalapan estate at $34.4 million in seven days and the three Boca Raton and Palm Beach Gardens closings with zero days on market tell you that ultra-qualified buyers already know what they want and have private access to it before it hits the open market. Meanwhile, the properties that sat for 400 or 500 days remind us that no address is immune to pricing discipline. The Hillsboro Beach oceanfront at $42 million is the week's clearest statement on where the ceiling is right now for Broward's coastal product — and it's a high ceiling.'

Buyer and Seller Takeaways from This Week's Data

For sellers, this week's data reinforces a straightforward lesson: properties that entered the market priced near their actual clearing price sold quickly, often before other buyers could compete. The Pinecrest closing at $6.5 million in 24 days, the Boca Raton entry at $5.5 million in 8 days, and the $5 million Surrey Lane transaction in 15 days all demonstrate that well-priced inventory in functional condition moves efficiently even during summer months, which are historically softer in South Florida luxury. Sellers sitting on overpriced listings should note that the five closings with 115 or more days on market all ultimately transacted — but at the cost of extended carrying costs, market stigma, and likely price reductions not captured in this data.

For buyers, the presence of multiple off-market closings this week — particularly three with zero days on market and a combined value exceeding $41 million — underscores the importance of working with brokers who maintain active relationships with sellers and listing agents before properties hit MLS. Buyers who rely exclusively on public search portals are structurally late to a meaningful share of the market at the $10 million and above tier. The geographic diversity of this week's closings, spanning from Key Biscayne to Jupiter across 14 markets, also suggests that buyers have genuine options across the corridor rather than being forced to compete in a single overheated submarket. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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