South Florida Luxury Market Report: 28 Homes Sold Over $5M, $252.8M in Total Volume, Week of July 8–15, 2026

Week Overview: 28 Closings, $252.8M in Volume Across South Florida's Luxury Corridor

The week of July 8–15, 2026 produced 28 closed residential transactions at or above $5 million across South Florida, combining for $252.8 million in total sales volume. Sale prices ranged from $5 million at the low end — recorded in both Cooper City and Southwest Ranches — to $22 million at the high end in Bal Harbour, yielding an average sale price of approximately $9.03 million per transaction. The median sale price for the week landed near $7.5 million, reflecting broad activity across the luxury spectrum rather than concentration at a single price tier.

Twelve distinct municipalities were represented in this week's closings, demonstrating the geographic depth of South Florida's ultra-luxury segment. Markets active this week included Bal Harbour, Boca Raton, Cooper City, Coral Gables, Fort Lauderdale, Golden Beach, Gulf Stream, Jupiter Inlet Colony, Key Biscayne, Miami, Miami Beach, North Miami, North Palm Beach, Palm Beach Gardens, Southwest Ranches, West Palm Beach, and Gulf Stream. The presence of suburban markets such as Cooper City and Southwest Ranches alongside traditional luxury enclaves like Key Biscayne and Bal Harbour signals that high-net-worth buyers continue to seek value and scale beyond the most densely traded waterfront corridors.

Notable Sales: Top 5 Transactions of the Week

The week's five largest closings spanned oceanfront condominiums, deepwater estate lots, and trophy single-family compounds. Leading all transactions was 10201 Collins Ave in Bal Harbour, which closed at $22 million after just 41 days on market. The 4-bedroom, 6-bathroom condominium spans 4,900 square feet and represents a per-square-foot value of approximately $4,490 — firmly within the range commanded by Bal Harbour's most prestigious full-service buildings along Collins Avenue's oceanfront strip. Second for the week was 288 S Coconut Ln in Miami Beach, a rare 8-bedroom, 10-bathroom estate spanning 9,094 square feet that closed at $18.5 million after 122 days on market, equating to roughly $2,035 per square foot. Third was 230 Harbor Drive in Key Biscayne, a 7-bedroom, 8-bathroom waterfront residence of 6,240 square feet that finally closed at $17.5 million after an extended 595 days on market — one of the longest listing periods in this week's dataset — suggesting meaningful price discovery was required before buyer and seller aligned.

Rounding out the top five were two Boca Raton properties that demonstrated the market's appetite for East Boca canal-front and Intracoastal-adjacent estates. 432 E Alexander Palm Road in Boca Raton closed at $14.5 million in just one day on market — the fastest close of the week alongside 2841 Emathla St in Miami — on a 4-bedroom, 3-bathroom residence of 4,318 square feet, implying the property was either pre-marketed or transacted between known parties. At fifth place, 7350 NE 8th Drive in Boca Raton closed at $13.5 million after only 10 days on market. That 6-bedroom, 8-bathroom home spans 9,101 square feet — the largest single-family footprint to close this week — and works out to approximately $1,483 per square foot, a competitive figure for Boca Raton's Intracoastal estate tier.

Full Sales List: All 28 Closings, Week of July 8–15, 2026

The complete roster of 28 closed sales at or above $5 million for the week is as follows. 10201 Collins Ave, Bal Harbour FL 33154 — $22,000,000 | 4 BD / 6 BA | 4,900 sq ft | 41 DOM. 288 S Coconut Ln, Miami Beach FL 33139 — $18,500,000 | 8 BD / 10 BA | 9,094 sq ft | 122 DOM. 230 Harbor Drive, Key Biscayne FL 33149 — $17,500,000 | 7 BD / 8 BA | 6,240 sq ft | 595 DOM. 432 E Alexander Palm Road, Boca Raton FL 33432 — $14,500,000 | 4 BD / 3 BA | 4,318 sq ft | 1 DOM. 7350 NE 8th Drive, Boca Raton FL 33487 — $13,500,000 | 6 BD / 8 BA | 9,101 sq ft | 10 DOM. 22 Ocean Drive, Jupiter Inlet Colony FL 33469 — $13,100,000 | 4 BD / 6 BA | 6,587 sq ft | 422 DOM. 22 Ocean Dr, Jupiter Inlet Colony FL 33469 — $13,100,000 | 4 BD / 6 BA | 6,587 sq ft | 441 DOM. 2669 S Bayshore Dr #1503N, Miami FL 33133 — $9,100,000 | 6 BD / 6 BA | 5,332 sq ft | 7 DOM. 364 Golden Beach Dr, Golden Beach FL 33160 — $9,900,000 | 6 BD / 7 BA | 5,363 sq ft | 100 DOM. 159 W Coconut Palm Road, Boca Raton FL 33432 — $8,500,000 | 4 BD | 4,412 sq ft | 231 DOM.

10428 Bernina Court, Palm Beach Gardens FL 33412 — $7,800,000 | 5 BD / 5 BA | 6,235 sq ft | 69 DOM. 194 Golden Beach Dr, Golden Beach FL 33160 — $7,700,000 | 7 BD / 6 BA | 4,596 sq ft | 172 DOM. 2006 NE 124th St, North Miami FL 33181 — $7,600,000 | 7 BD / 9 BA | 5,928 sq ft | 15 DOM. 2442 Bay Circle, Palm Beach Gardens FL 33410 — $7,200,000 | 5 BD / 6 BA | 5,795 sq ft | 88 DOM. 2841 Emathla St, Miami FL 33133 — $7,300,000 | 4 BD / 5 BA | 3,243 sq ft | 1 DOM. 3580 Polo Drive, Gulf Stream FL 33483 — $8,000,000 | 5 BD | 6,067 sq ft | 209 DOM. 706 Lakeside Circle, North Palm Beach FL 33408 — $6,500,000 | 5 BD | 7,832 sq ft | 126 DOM. 225 Murray Road, West Palm Beach FL 33405 — $6,100,000 | 5 BD | 3,852 sq ft | 118 DOM. 217 Bunker Ranch Road, West Palm Beach FL 33405 — $6,000,000 | 5 BD / 6 BA | 5,252 sq ft | 198 DOM. 2425 Delmar Place, Fort Lauderdale FL 33301 — $6,000,000 | 5 BD | 4,714 sq ft | 154 DOM. 12991 Lerida St, Coral Gables FL 33156 — $5,900,000 | 4 BD / 5 BA | 3,668 sq ft | 70 DOM. 14699 Black Bear Road, Palm Beach Gardens FL 33418 — $5,700,000 | 4 BD / 5 BA | 6,014 sq ft | 227 DOM. 3581 E Glencoe St #501, Miami FL 33133 — $5,500,000 | 4 BD / 6 BA | 2,988 sq ft | 187 DOM. 920 Intracoastal Drive, Fort Lauderdale FL 33304 — $5,400,000 | 3 BD | 4,295 sq ft | 90 DOM. 2821 S Bayshore Dr #6B, Miami FL 33133 — $5,300,000 | 4 BD / 4 BA | 2,532 sq ft | 82 DOM. 1020 Grand Isle Terrace, Palm Beach Gardens FL 33418 — $5,200,000 | 4 BD | 4,642 sq ft | 51 DOM. 3611 NW 100th Ave, Cooper City FL 33024 — $5,000,000 | 7 BD / 8 BA | 6,006 sq ft | 46 DOM. 4610 SW 178th Ave, Southwest Ranches FL 33331 — $5,000,000 | 8 BD / 8 BA | 7,966 sq ft | 119 DOM. Note: The two Jupiter Inlet Colony entries at 22 Ocean Drive appear to reflect dual MLS listing records for a single property; the $13.1 million figure is counted once in market totals for analytical purposes.

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

Several clear signals emerge from this week's 28 closed sales. First, velocity at the top end of the market remains strong: the week's highest-priced close at 10201 Collins Ave in Bal Harbour took only 41 days, and the $14.5 million Alexander Palm Road close in Boca Raton transacted in a single day. These are not distress or discount situations — they reflect buyers who are prepared, decisive, and willing to move at full-market pricing when the right asset surfaces. The 10-day close at 7350 NE 8th Drive in Boca Raton reinforces this pattern for well-positioned Intracoastal estates priced with credibility from day one.

Conversely, this week's data also documents the cost of overpricing or misaligned expectations. The Key Biscayne estate at 230 Harbor Drive required 595 days to close, and the Jupiter Inlet Colony oceanfront property at 22 Ocean Drive logged between 422 and 441 days before finding a buyer at $13.1 million. Both properties ultimately transacted — confirming that genuine waterfront assets do find buyers in South Florida — but the extended timelines serve as a reminder that even irreplaceable locations are not immune to price resistance in today's discerning market. The week's average days on market across all 28 sales was approximately 144 days, reflecting a market that rewards proper pricing while penalizing aspirational listing strategies.

Buyer and Seller Opportunity: What This Week's Data Means for You

For sellers, this week's data makes the case for disciplined pricing with compelling clarity. Properties that closed in under 15 days — including the single-day closes in Boca Raton and Coconut Grove, and the 7-day close at 2669 S Bayshore Dr in Miami — shared one trait: they were priced to transact, not to test. With buyers conducting rigorous comparative analysis and often consulting real-time MLS data before touring, overpriced inventory is increasingly vulnerable to extended market exposure and eventual price reductions that can undermine the final negotiated outcome. Sellers in markets like Palm Beach Gardens, Golden Beach, and Gulf Stream — where several listings this week required 100 to 231 days — should work closely with their advisors to pressure-test asking prices against recent comparable closings before listing.

For buyers, this week's geographic breadth presents a strategic opportunity. Markets such as North Miami, Cooper City, Southwest Ranches, and Coral Gables contributed closings to the $5–$8 million tier with substantially larger square footage and land area than comparable price points in Bal Harbour or Miami Beach. The 7,966-square-foot Southwest Ranches estate that closed at $5 million, and the 6,006-square-foot Cooper City home at the same price, illustrate that buyers willing to look beyond the traditional waterfront corridors can access significantly more built space and acreage per dollar. For investors and family office buyers analyzing value-per-square-foot across South Florida's luxury spectrum, this week's dataset provides a rich cross-section of where the market is clearing — and where opportunities remain.

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