South Florida Luxury Market Report: 25 Homes Sold Over $5M, $274.8M in Total Volume — Week of July 24–31, 2026

Week Overview: $274.8M in Luxury Closings Across 14 South Florida Markets

The week of July 24–31, 2026 produced 25 closed residential transactions at or above the $5 million threshold, representing $274.8 million in total luxury sales volume across South Florida. Properties changed hands in 14 cities: Pinecrest, Jupiter, Coral Gables, Boca Raton, Golden Beach, Fort Lauderdale, Miami, Miami Beach, Hallandale Beach, Hillsboro Beach, Hialeah, Hallandale Beach, Key Biscayne, and a Ponte Vedra Beach listing at the northern edge of the tracked corridor. The price range for the week extended from $5 million on the entry end — represented by a 4-bedroom Coral Gables estate and a Boca Raton property — all the way to $42 million for a beachfront compound in Hillsboro Beach, marking it as the single largest residential closing recorded in this report period.

Days on market figures across the 25 closings revealed a wide spectrum of liquidity conditions. At one extreme, a Key Biscayne condominium at 360 Ocean Dr #1106S closed in zero days on market, indicating either a pre-arranged or off-market transaction that was simply recorded at closing. At the other end, a Pinecrest estate at 12110 SW 60th Ct required 613 days to find a buyer, and a Coconut Grove home at 4040 Kiaora St sat for 471 days before closing at $22.5 million. Meanwhile, a Coral Gables property with no published address closed after 416 days. These outliers coexist with faster-moving deals such as the $14.5M Pinecrest sale at just 23 days and an $8,600 Surrey Lane Boca Raton home that closed in only 15 days, confirming that well-priced product in strong submarkets continues to attract decisive buyers.

Notable Sales: Top 5 Closings by Price This Week

The single largest closing of the week was 1107 Hillsboro Mile, Hillsboro Beach FL 33062, which sold for $42 million. The oceanfront estate spans 10,101 square feet with 7 bedrooms and 9 bathrooms and had been on the market for 115 days. Hillsboro Beach, a barrier island enclave between Pompano Beach and Deerfield Beach, remains one of the rarest addresses in Broward County, and a $42 million closing there is among the most significant single-family transactions the market has recorded in recent memory. Second for the week was 625 Ocean Boulevard, Golden Beach FL 33160, which closed at $24 million. The 6-bedroom oceanfront home encompasses 6,734 square feet and spent 205 days on the market before securing a buyer, suggesting that while ultra-high-end oceanfront product in Golden Beach commands extraordinary prices, it also requires patient, targeted marketing to reach the right buyer pool. Third was 4040 Kiaora St, Miami FL 33133 in Coconut Grove, closing at $22.5 million for a 6-bedroom, 8-bathroom residence of 8,833 square feet. This property's 471 days on market before closing is a notable data point: the final sale price still represents a premium asset, but the extended exposure window reflects the selectivity of buyers at this price tier in an interior Miami neighborhood rather than a direct waterfront address.

Rounding out the top five, 194 Spyglass Court, Jupiter FL 33477 closed at $16.3 million — a 5-bedroom estate at 9,290 square feet that spent 91 days on market. Jupiter's luxury waterfront segment has consistently attracted high-net-worth buyers relocating from the Northeast, and this closing reinforces the community's position as a premier destination for large-format estate living north of Palm Beach. Fifth for the week was 6690 SW 96th St, Pinecrest FL 33156, which closed at $14.5 million. Spanning 10,001 square feet with 7 bedrooms and 10 bathrooms, this estate sold in just 23 days — one of the shortest marketing periods among the week's top transactions. Pinecrest's combination of large lots, top-rated public schools, and proximity to Miami's urban core continues to generate compressed timelines for correctly priced product at the estate level.

Full Sales List: All 25 Luxury Closings, Week of July 24–31, 2026

The following are all 25 residential closings recorded at $5 million or above during the report week. 1) 1107 Hillsboro Mile, Hillsboro Beach FL 33062 — $42,000,000 | 7 BD | 9 BA | 10,101 sq ft | 115 days on market. 2) 625 Ocean Blvd, Golden Beach FL 33160 — $24,000,000 | 6 BD | 6,734 sq ft | 205 days on market. 3) 4040 Kiaora St, Miami FL 33133 — $22,500,000 | 6 BD | 8 BA | 8,833 sq ft | 471 days on market. 4) 194 Spyglass Court, Jupiter FL 33477 — $16,300,000 | 5 BD | 9,290 sq ft | 91 days on market. 5) 6690 SW 96th St, Pinecrest FL 33156 — $14,500,000 | 7 BD | 10 BA | 10,001 sq ft | 23 days on market. 6) 2901 Collins Ave #1501, Miami Beach FL 33140 — $13,500,000 | 4 BD | 5 BA | 3,764 sq ft | 116 days on market. 7) 117 Thatch Palm Cove, Boca Raton FL 33432 — $11,000,000 | 5 BD | 6 BA | 7,791 sq ft | 94 days on market. 8) 460 Costanera Rd, Coral Gables FL 33143 — $10,500,000 | 8 BD | 9 BA | 10,025 sq ft | 103 days on market. 9) 503 Palm Dr, Hallandale Beach FL 33009 — $10,000,000 | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 10) 4 Isla Bahia Dr, Fort Lauderdale FL 33316 — $9,900,000 | 5 BD | 5,287 sq ft | 120 days on market.

11) 119 N Gordon Road, Fort Lauderdale FL 33301 — $9,800,000 | 6 BD | 6,935 sq ft | 159 days on market. 12) 340 San Marco Dr, Fort Lauderdale FL 33301 — $9,500,000 | 5 BD | 7 BA | 6,936 sq ft | 113 days on market. 13) 7426 SW 49th Pl, Miami FL 33143 — $9,300,000 | 6 BD | 8 BA | 6,135 sq ft | 133 days on market. 14) Coral Gables (address withheld) — $8,900,000 | 5 BD | 6 BA | 5,053 sq ft | 416 days on market. 15) 360 Ocean Dr #1106S, Key Biscayne FL 33149 — $7,000,000 | 3 BD | 5 BA | 2,257 sq ft | 0 days on market. 16) 3747 NW 52nd St, Hialeah FL 33142 — $6,400,000 | 120 days on market. 17) 8000 Los Pinos Blvd, Coral Gables FL 33143 — $6,300,000 | 5 BD | 6 BA | 6,938 sq ft | 185 days on market. 18) 2521 Lincoln Ave, Miami FL 33133 — $6,000,000 | 5 BD | 6 BA | 79 days on market. 19) 6641 SW 85th St, Miami FL 33143 — $5,900,000 | 6 BD | 8 BA | 5,266 sq ft | 45 days on market. 20) 1331 Ponte Vedra Blvd, FL 32082 — $5,800,000 | 25 days on market. 21) 14949 SW 184th Ave, Miami FL 33196 — $5,600,000 | 6 BD | 7 BA | 9,264 sq ft | 175 days on market. 22) 5667 Cameo Drive N, Boca Raton FL 33433 — $5,200,000 | 3 BD | 2 BA | 1,658 sq ft | 78 days on market. 23) 12110 SW 60th Ct, Pinecrest FL 33156 — $5,100,000 | 7 BD | 8 BA | 8,321 sq ft | 613 days on market. 24) 611 N Greenway Dr, Coral Gables FL 33134 — $5,000,000 | 4 BD | 4 BA | 3,839 sq ft | 266 days on market. 25) 8600 Surrey Ln, Boca Raton FL 33496 — $5,000,000 | 15 days on market.

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

The most telling pattern embedded in this week's 25 closings is the coexistence of extremely fast and extremely slow absorption rates within the same price tier. Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, interprets this divergence as a structural feature of the current market rather than a sign of weakness. 'When you see a $14.5 million Pinecrest estate close in 23 days while a $22.5 million Coconut Grove home needed 471 days, those aren't contradictions — they're a pricing precision story,' Smykalov explains. 'Buyers at this level are exceptionally well-advised. Properties that are positioned accurately relative to comparable waterfront and estate inventory move fast. Properties that are aspirationally priced eventually find their buyer, but the carrying cost and negotiating leverage shift considerably.' The week's $42 million Hillsboro Beach oceanfront closing in 115 days further supports this reading: even true trophy assets require time to locate their matching buyer, but they do transact.

Fort Lauderdale's strong showing — three closings totaling $29.2 million across 119 N Gordon Road, 340 San Marco Dr, and 4 Isla Bahia Drive — confirms the city's deepening presence in the $9M–$10M segment. Smykalov notes that this concentration reflects an ongoing shift in buyer geography: 'Fort Lauderdale's waterfront inventory is being absorbed by buyers who five years ago were only looking at Miami Beach or Key Biscayne. The value differential is still meaningful at this price point, and the lifestyle infrastructure has matured to the point where that trade-off is no longer a concession — it's a preference.' The $6.4 million closing in Hialeah also merits attention as an outlier worth monitoring. Hialeah has not historically appeared in $5M-plus weekly closing reports with frequency, and while no property details beyond the price and days on market were provided, the data point alone suggests that South Florida's luxury threshold is geographically expanding into submarkets that have been traditionally underrepresented in high-end transaction volumes.

Buyer and Seller Takeaways: What to Do With This Week's Data

For sellers, the week delivers a clear message about pricing discipline. The properties that closed fastest — the 15-day Boca Raton sale, the 23-day Pinecrest estate, the 25-day Ponte Vedra closing, and the 45-day Miami home at $5.9 million — all entered the market priced to align with where buyers were, not where sellers hoped the market would go. Conversely, properties that required 400 or 600-plus days to close may have ultimately achieved sale, but the erosion of leverage, carrying costs, and market perception during that period represents a real, if difficult to quantify, cost. Sellers entering the market in the second half of 2026 should treat these fast closings as the target model and work with advisors who can build that case from current comparable data before listing.

For buyers, this week's data confirms that opportunities still exist across a wide price spectrum and geography. The $5 million Boca Raton closing in 15 days should serve as a signal that well-priced entry-level luxury product in strong zip codes is absorbing quickly — hesitation carries a risk. Meanwhile, the multiple closings in the $9–10 million range across Fort Lauderdale and Hallandale Beach suggest that waterfront and estate inventory at that tier has not yet repriced to the degree seen in the $15M-plus segment, creating a potential value window for buyers with the capital to act. The zero-days-on-market Key Biscayne condo closing further underscores the volume of off-market activity that never reaches public listing portals. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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