South Florida Luxury Market Report: 28 Homes Sold Over $5M, $317.5M in Total Volume, Week of July 25–August 1, 2026

Week Overview: $317.5M in Luxury Closings Across South Florida

The week of July 25 through August 1, 2026 produced 28 closed luxury residential transactions at or above $5 million across South Florida's primary markets, spanning Coral Gables, Miami, Miami Beach, Boca Raton, Fort Lauderdale, Key Biscayne, Pinecrest, Hallandale Beach, Hillsboro Beach, Wellington, Jupiter, Manalapan, and Golden Beach. Aggregate closed volume reached $317.5 million, reflecting a broad and active upper tier of the regional market even during the traditionally slower mid-summer period. Individual sale prices ranged from $5 million at the entry threshold to $42 million at the top, with three transactions closing above $20 million and five closing at or above $10 million.

Boca Raton led all cities by number of closings with six confirmed transactions, followed by Miami and Coral Gables each contributing five closings. Waterfront and estate-positioned properties dominated the high end of the ledger, while condominium closings in Miami Beach and Key Biscayne added vertical market depth. Days-on-market figures ranged from zero — meaning properties closed without any public listing period — to 613 days, illustrating the full spectrum of price discovery dynamics present in this segment simultaneously.

Notable Sales: Top 5 Closings by Price

The week's highest closing was 1107 Hillsboro Mile in Hillsboro Beach, which traded at $42 million. The seven-bedroom, nine-bathroom estate measures 10,101 square feet and had been on the market for 115 days before going under contract. This sale stands as one of the most significant oceanfront closings in Broward County's ultra-luxury tier recorded in 2026 to date. In second position, 1960 S Ocean Boulevard in Manalapan closed at $34.4 million after just seven days on the market, underscoring the depth of demand for direct ocean frontage in Palm Beach County's most exclusive enclave. No bedroom or square footage data was released for this transaction, which is not uncommon for estate-level Manalapan closings.

Rounding out the top five: 625 Ocean Boulevard in Golden Beach closed at $24 million, delivering a six-bedroom, 6,734-square-foot oceanfront residence after 205 days on market. The Coconut Grove area address at 4040 Kiaora Street in Miami's 33133 zip code closed at $22.5 million — a six-bedroom, eight-bathroom home spanning 8,833 square feet that endured 471 days on market before finding its buyer, suggesting the final price reflected meaningful negotiation from the original ask. Fifth on the list, 1642 Sabal Palm Drive in Boca Raton's prestigious Royal Palm Yacht and Country Club neighborhood closed at $21.5 million with zero days on market, a seven-bedroom, nine-bathroom estate of 9,370 square feet, indicating a privately negotiated off-market transaction that bypassed the public listing process entirely.

Full Closed Sales List: All 28 Transactions, July 25–August 1, 2026

The following is a complete record of all 28 luxury closings above $5 million recorded during the reporting 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) 1960 S Ocean Boulevard, Manalapan FL 33462 — $34,400,000 | 7 days on market. 3) 625 Ocean Boulevard, Golden Beach FL 33160 — $24,000,000 | 6 BD | 6,734 sq ft | 205 days on market. 4) 4040 Kiaora St, Miami FL 33133 — $22,500,000 | 6 BD | 8 BA | 8,833 sq ft | 471 days on market. 5) 1642 Sabal Palm Drive, Boca Raton FL 33432 — $21,500,000 | 7 BD | 9 BA | 9,370 sq ft | 0 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) 4 Isla Bahia Drive, Fort Lauderdale FL 33316 — $9,900,000 | 5 BD | 5,287 sq ft | 120 days on market. 10) 340 San Marco Dr, Fort Lauderdale FL 33301 — $9,500,000 | 5 BD | 7 BA | 6,936 sq ft | 113 days on market. 11) 7426 SW 49th Pl, Miami FL 33143 — $9,300,000 | 6 BD | 8 BA | 6,135 sq ft | 133 days on market. 12) Undisclosed Coral Gables address — $8,900,000 | 5 BD | 6 BA | 5,053 sq ft | 416 days on market. 13) 19505 SE Turnbridge Drive, Jupiter FL 33458 — $8,000,000 | 6 BD | 7,230 sq ft | 126 days on market. 14) 11368 Polo Park Trail, Wellington FL 33414 — $7,300,000 | 6 BD | 7 BA | 7,022 sq ft | 399 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) 6920 SW 124th St, Pinecrest FL 33156 — $6,500,000 | 6 BD | 8 BA | 5,926 sq ft | 24 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) 21476 Burnside Court, Boca Raton FL 33433 — $6,300,000 | 7 BD | 10,890 sq ft | 0 days on market. 19) 2521 Lincoln Ave, Miami FL 33133 — $6,000,000 | 5 BD | 6 BA | 79 days on market. 20) 2627 S Bayshore Dr #2904, Miami FL 33133 — $6,000,000 | 3 BD | 4 BA | 2,640 sq ft | 122 days on market. 21) 5667 Cameo Drive N, Boca Raton FL 33433 — $5,200,000 | 3 BD | 2 BA | 1,658 sq ft | 78 days on market. 22) 12110 SW 60th Ct, Pinecrest FL 33156 — $5,100,000 | 7 BD | 8 BA | 8,321 sq ft | 613 days on market. 23) 14949 SW 184th Ave, Miami FL 33196 — $5,600,000 | 6 BD | 7 BA | 9,264 sq ft | 175 days on market. 24) 6641 SW 85th St, Miami FL 33143 — $5,900,000 | 6 BD | 8 BA | 5,266 sq ft | 45 days on market. 25) 503 Palm Dr, Hallandale Beach FL 33009 — $10,000,000 | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 26) 731 NE 69th St, Boca Raton FL 33487 — $5,500,000 | 6 BD | 7 BA | 5,260 sq ft | 8 days on market. 27) 8600 Surrey Ln, Boca Raton FL 33496 — $5,000,000 | 15 days on market. 28) 611 N Greenway Dr, Coral Gables FL 33134 — $5,000,000 | 4 BD | 4 BA | 3,839 sq ft | 266 days on market.

Note: Three properties — 1642 Sabal Palm Drive (Boca Raton), 360 Ocean Dr #1106S (Key Biscayne), and 21476 Burnside Court (Boca Raton) — recorded zero days on market, consistent with off-market or pocket listing transactions that closed without a formal public listing period. The address for one Coral Gables closing was withheld from the MLS record; all other data points reflect the information as reported.

Market Commentary: What This Week's Data Tells Us

The geographic distribution of this week's 28 closings offers a revealing cross-section of where South Florida luxury demand is concentrating in mid-2026. Five of the 28 transactions occurred in Miami's 33133 zip code — the Coconut Grove and South Miami corridor — signaling sustained buyer appetite for that submarket even at price points pushing toward $23 million. Boca Raton's six closings, spread across multiple zip codes and ranging from $5 million to $21.5 million, demonstrate that Palm Beach County's luxury tier is far from a single-neighborhood story; demand is diffuse and well-supported across different price points and property types. The presence of three zero-days-on-market closings in a single week also stands out as a meaningful data signal: it indicates that sophisticated buyers and sellers are transacting privately before properties ever reach the public MLS, compressing the competitive window for buyers relying solely on public listing feeds.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, points to several dynamics embedded in this week's data. 'The $42 million Hillsboro Mile closing and the $34.4 million Manalapan transaction closing in just seven days tell you something important about direct ocean frontage right now — there is a very short list of buyers for those assets globally, but when the right property comes to market at the right price, those buyers move decisively,' Smykalov notes. 'What I find equally telling this week is the long-tail inventory clearing: a property at 4040 Kiaora Street spent 471 days on market before closing at $22.5 million, and 12110 SW 60th Court in Pinecrest sat for 613 days before closing at $5.1 million. The market is not forgiving overpriced listings, but it is ultimately absorbing them — just at a price and timeline set by the buyer, not the seller. Sellers who price correctly from day one, as evidenced by the eight-day close in Boca Raton and the 24-day close in Pinecrest, are seeing genuine competition and clean transactions.' Smykalov also highlighted the Wellington closing at $7.3 million after 399 days on market as an example of equestrian-adjacent luxury finding its audience eventually, but at a significant time cost to the seller.

The condominium segment contributed meaningfully to this week's volume. The $13.5 million closing at 2901 Collins Ave in Miami Beach, the $7 million closing at 360 Ocean Drive in Key Biscayne, and the $6 million closing at 2627 S Bayshore Drive in Coconut Grove collectively represent $26.5 million in vertical luxury absorption — approximately 8.3 percent of the week's total volume. The Key Biscayne unit, at $7 million for 2,257 square feet, implies a price per square foot of roughly $3,102, among the highest achieved in any asset class this week and reflective of the premium buyers assign to the island's restricted supply and lifestyle positioning.

Buyer and Seller Takeaways: What This Week Means for You

For sellers, this week's data reinforces a market principle that has been consistent throughout 2026: accurate initial pricing is the single most powerful tool available. Properties that closed in under 30 days — including the eight-day Boca Raton closing at 731 NE 69th Street, the seven-day Manalapan closing, and the 24-day Pinecrest closing — shared no geographic or price-tier profile. What they share is pricing that aligned with buyer expectations at launch. Conversely, homes that required 400-plus days to close represent significant carrying cost, opportunity cost, and reputational risk in a market where sophisticated buyers track listing history closely. The three zero-days-on-market closings this week also serve as a reminder that sellers with well-positioned, well-priced assets can often transact more favorably — and more privately — through broker-to-broker off-market channels than through extended public listing campaigns.

For buyers, the week's data offers several actionable observations. First, the presence of off-market closings in Boca Raton and Key Biscayne confirms that the most desirable properties in this market never reach public MLS feeds — access to those deals is relationship-dependent. Second, the long-duration listings that ultimately cleared this week (Pinecrest at 613 days, Wellington at 399 days, Coral Gables at 416 days) suggest that patient, data-informed buyers who engage with legacy inventory can negotiate from a position of strength. Third, with three cities — Miami, Coral Gables, and Boca Raton — accounting for roughly half of all closings this week, buyers anchoring their search to those markets should be prepared for continued competition at well-priced entry points. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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