South Florida Luxury Market Report: 29 Homes Sold Over $5M, $331.1M in Total Volume, Week of July 27–August 3, 2026

Week Overview: 29 Closings, $331.1M in Volume Across South Florida

The week of July 27 through August 3, 2026 recorded 29 closed luxury residential transactions at or above $5 million across South Florida, representing $331.1 million in aggregate sales volume. The price range extended from $5 million at the entry point to $42 million at the top, reflecting broad demand across the upper tier of the market. Sixteen distinct cities were represented in the data, including Miami, Miami Beach, Coral Gables, Boca Raton, Fort Lauderdale, Key Biscayne, Pinecrest, Hallandale Beach, Hillsboro Beach, Golden Beach, Manalapan, Wellington, Jupiter, Palm Beach Gardens, and Highland Beach-area communities.

Notably, five properties closed with zero days on market, indicating off-market or pre-negotiated transactions that never entered public listing inventory. At the opposite end of the spectrum, several properties carried days-on-market figures exceeding 400, including a Coral Gables home at 416 days and 4040 Kiaora St in Miami at 471 days, and 12110 SW 60th Ct in Pinecrest at 613 days — underscoring that even in a healthy luxury market, overpriced or uniquely positioned properties can require significant patience before finding their buyer.

Notable Sales: The Top 5 Transactions of the Week

The week's highest-closing transaction was 1107 Hillsboro Mile in Hillsboro Beach, which sold for $42 million. The oceanfront estate features 7 bedrooms, 9 bathrooms, and 10,101 square feet of living space and had been on the market 115 days before closing. The sale represents one of the most significant single-family luxury closings seen along Broward County's coastline in recent memory and underscores the enduring appeal of direct oceanfront product along the coveted Hillsboro Mile corridor. In second position, 1960 S Ocean Boulevard in Manalapan closed at $34.4 million after just 7 days on the market, a remarkably swift close for a nine-figure-range transaction that signals either a highly motivated seller, a pre-existing buyer relationship, or off-market negotiation that concluded rapidly once listed. No bedroom or square footage data was reported for this property in MLS records.

The third-largest closing of the week was 625 Ocean Boulevard in Golden Beach at $24 million, a 6-bedroom, 6,734-square-foot residence that spent 205 days on the market before finding its buyer. Golden Beach, one of the most exclusive and smallest municipalities in South Florida, consistently commands among the highest per-square-foot values in the region. Fourth was 4040 Kiaora Street in Miami's Coconut Grove at $22.5 million — a substantial 6-bedroom, 8-bathroom, 8,833-square-foot home that required 471 days to close, reflecting the ultra-specific buyer profile such a property demands. Rounding out the top five, 1642 Sabal Palm Drive in Boca Raton closed at $21.5 million with 7 bedrooms, 9 bathrooms, and 9,370 square feet of living space, recording zero days on market and confirming it was transacted entirely off-market or under a pre-existing agreement.

Full Sales List: All 29 Closings, July 27–August 3, 2026

The complete list of 29 closed transactions at or above $5 million for the week is as follows, presented in descending order by sale price. 1107 Hillsboro Mile, Hillsboro Beach — $42,000,000 | 7 BD | 9 BA | 10,101 sq ft | 115 days on market. 1960 S Ocean Boulevard, Manalapan — $34,400,000 | 7 days on market. 625 Ocean Boulevard, Golden Beach — $24,000,000 | 6 BD | 6,734 sq ft | 205 days on market. 4040 Kiaora St, Miami (Coconut Grove) — $22,500,000 | 6 BD | 8 BA | 8,833 sq ft | 471 days on market. 1642 Sabal Palm Drive, Boca Raton — $21,500,000 | 7 BD | 9 BA | 9,370 sq ft | 0 days on market. 2901 Collins Ave #1501, Miami Beach — $13,500,000 | 4 BD | 5 BA | 3,764 sq ft | 116 days on market. 11749 Belladonna Court, Palm Beach Gardens — $13,500,000 | 6 BD | 8 BA | 11,510 sq ft | 0 days on market. 117 Thatch Palm Cove, Boca Raton — $11,000,000 | 5 BD | 6 BA | 7,791 sq ft | 94 days on market. 460 Costanera Rd, Coral Gables — $10,500,000 | 8 BD | 9 BA | 10,025 sq ft | 103 days on market. 4 Isla Bahia Drive, Fort Lauderdale — $9,900,000 | 5 BD | 5,287 sq ft | 120 days on market. 8600 Surrey Ln, Boca Raton — $5,000,000 | 15 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) — $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. 11368 Polo Park Trail, Wellington — $7,300,000 | 6 BD | 7 BA | 7,022 sq ft | 399 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. 8000 Los Pinos Blvd, Coral Gables — $6,300,000 | 5 BD | 6 BA | 6,938 sq ft | 185 days on market. 21476 Burnside Court, Boca Raton — $6,300,000 | 7 BD | 10,890 sq ft | 0 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. 5667 Cameo Drive N, Boca Raton — $5,200,000 | 3 BD | 2 BA | 1,658 sq ft | 78 days on market. 5.9M: 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. 12110 SW 60th Ct, Pinecrest — $5,100,000 | 7 BD | 8 BA | 8,321 sq ft | 613 days on market. 503 Palm Dr, Hallandale Beach — $10,000,000 | 7 BD | 9 BA | 7,250 sq ft | 134 days on market. 611 N Greenway Dr, Coral Gables — $5,000,000 | 4 BD | 4 BA | 3,839 sq ft | 266 days on market.

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

The breadth and depth of this week's closings reveal a luxury market that is functioning across multiple price tiers and geographies simultaneously, rather than concentrating activity in a single corridor or price band. $331.1 million in closed volume over seven days, with 29 individual transactions, suggests that qualified buyers remain active despite macro-level interest rate and economic uncertainty that continues to weigh on entry-level and mid-market segments nationally. Denis Smykalov, Founder and Broker at Wolsen Waterfront — who has closed over $500 million in waterfront transactions across South Florida — notes that this week's distribution of closings tells a nuanced story. 'What stands out to me is that we had five zero-days-on-market transactions this week totaling over $53 million in combined volume,' Smykalov observes. 'That's not coincidence — that reflects an active off-market pipeline where serious buyers are already positioned before properties ever hit the MLS. At the same time, we closed homes that had been sitting 400, 471, even 613 days. That's not a weak market; that's a precise market. The right buyer found those homes, and when they did, the deals got done.'

Smykalov also points to the geographic spread as significant. 'Hillsboro Beach closing at $42 million, Manalapan at $34.4 million, Golden Beach at $24 million — these are not Miami addresses. Buyers at this level are increasingly looking north along the coast, into Broward and Palm Beach County markets that offer privacy, land, and oceanfront access without the density of Miami Beach. That trend has been building for two years and this week's data confirms it's not slowing.' He adds that the Boca Raton market's showing — with six individual closings including one at $21.5 million — is particularly notable. 'Boca is quietly having one of its strongest years in memory for ultra-luxury product. The combination of new construction, established estates, and proximity to Palm Beach is drawing buyers who might have looked exclusively at Miami five years ago.'

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

For sellers, this week's data contains both encouragement and caution. The rapid closings — properties selling in 7, 8, and 15 days, and five selling with no public market time at all — confirm that correctly priced or off-market product can transact extremely quickly in the current environment. However, the week also closed properties that spent more than a year on the market, a reminder that luxury buyers at every price point are sophisticated and will not overpay for a home that is mispriced relative to its condition, location, or competitive set. Sellers entering the market now should work with advisors who have real-time transaction data and active buyer relationships, not simply a knowledge of historical comparable sales.

For buyers, the diversity of this week's closings — from a $5 million townhome in Coral Gables to a $42 million oceanfront estate on Hillsboro Mile — illustrates that the South Florida luxury market is not monolithic. Opportunity exists across geographies and product types, but the most compelling deals, particularly the off-market transactions that accounted for roughly 16 percent of this week's volume, are not publicly visible. Identifying those requires broker relationships and market access that extend well beyond the public MLS. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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