South Florida Luxury Market Report: 29 Homes Sold Over $5M, $331.1M in Total Volume, Week of July 26–August 2, 2026

Week Overview: $331.1M in Closed Volume Across 11 Cities

The week of July 26 through August 2, 2026 produced 29 closed luxury sales at or above $5 million across South Florida, totaling $331.1 million in combined volume. Transactions ranged from a $5 million single-family home in Coral Gables to a $42 million oceanfront estate in Hillsboro Beach, reflecting active demand at nearly every price tier within the ultra-luxury segment. The median sale price for the week came in at approximately $8 million, with eight sales closing at or above $10 million.

Cities represented in this week's closings include Coral Gables, Boca Raton, Golden Beach, Miami, Pinecrest, Miami Beach, Hallandale Beach, Hillsboro Beach, Fort Lauderdale, Key Biscayne, Wellington, Jupiter, Manalapan, and Palm Beach Gardens. The geographic spread underscores the breadth of active buyer demand across the entire South Florida luxury corridor, from the urban waterfront neighborhoods of Miami-Dade to the estate communities of Palm Beach County.

Notable Sales: The Week's Top 5 Transactions

The week's highest close was 1107 Hillsboro Mile, Hillsboro Beach at $42 million — a 7-bedroom, 9-bathroom oceanfront estate spanning 10,101 square feet that had been on the market for 115 days. Just behind it, 1960 S Ocean Boulevard in Manalapan closed at $34.4 million after only 7 days on market, signaling strong pre-market activity for that Palm Beach County oceanfront address. Third was 625 Ocean Boulevard in Golden Beach, closing at $24 million for a 6-bedroom, 6,734-square-foot estate after 205 days on market.

The fourth-highest close of the week was 4040 Kiaora St in Miami's Coconut Grove at $22.5 million — a substantial 8,833-square-foot, 6-bedroom, 8-bathroom home that spent 471 days on market before finding its buyer, suggesting price discovery was a factor in that particular transaction. Rounding out the top five, 1642 Sabal Palm Drive in Boca Raton closed at $21.5 million for a 9,370-square-foot, 7-bedroom, 9-bathroom estate with zero days on market, indicating an off-market or pre-listed deal. Together, these five transactions alone accounted for $144.9 million, or approximately 43.8 percent of the week's total volume.

Full Sales List: All 29 Closings for the Week of July 26–August 2, 2026

Below is the complete record of all 29 closed sales at $5 million and above for the week, listed in descending order by price: 1107 Hillsboro Mile, Hillsboro Beach FL 33062 — $42M | 7 BD | 9 BA | 10,101 sq ft | 115 days on market; 1960 S Ocean Boulevard, Manalapan FL 33462 — $34.4M | 7 days on market; 625 Ocean Boulevard, Golden Beach FL 33160 — $24M | 6 BD | 6,734 sq ft | 205 days on market; 4040 Kiaora St, Miami FL 33133 — $22.5M | 6 BD | 8 BA | 8,833 sq ft | 471 days on market; 1642 Sabal Palm Drive, Boca Raton FL 33432 — $21.5M | 7 BD | 9 BA | 9,370 sq ft | 0 days on market; 2901 Collins Ave #1501, Miami Beach FL 33140 — $13.5M | 4 BD | 5 BA | 3,764 sq ft | 116 days on market; 11749 Belladonna Court, Palm Beach Gardens FL 33418 — $13.5M | 6 BD | 8 BA | 11,510 sq ft | 0 days on market; 117 Thatch Palm Cove, Boca Raton FL 33432 — $11M | 5 BD | 6 BA | 7,791 sq ft | 94 days on market; 460 Costanera Rd, Coral Gables FL 33143 — $10.5M | 8 BD | 9 BA | 10,025 sq ft | 103 days on market; 503 Palm Dr, Hallandale Beach FL 33009 — $10M | 7 BD | 9 BA | 7,250 sq ft | 134 days on market; 4 Isla Bahia Drive, Fort Lauderdale FL 33316 — $9.9M | 5 BD | 5,287 sq ft | 120 days on market; 340 San Marco Dr, Fort Lauderdale FL 33301 — $9.5M | 5 BD | 7 BA | 6,936 sq ft | 113 days on market; 7426 SW 49th Pl, Miami FL 33143 — $9.3M | 6 BD | 8 BA | 6,135 sq ft | 133 days on market; Coral Gables property (address withheld) — $8.9M | 5 BD | 6 BA | 5,053 sq ft | 416 days on market; 19505 SE Turnbridge Drive, Jupiter FL 33458 — $8M | 6 BD | 7,230 sq ft | 126 days on market; 11368 Polo Park Trail, Wellington FL 33414 — $7.3M | 6 BD | 7 BA | 7,022 sq ft | 399 days on market; 360 Ocean Dr #1106S, Key Biscayne FL 33149 — $7M | 3 BD | 5 BA | 2,257 sq ft | 0 days on market; 6920 SW 124th St, Pinecrest FL 33156 — $6.5M | 6 BD | 8 BA | 5,926 sq ft | 24 days on market; 21476 Burnside Court, Boca Raton FL 33433 — $6.3M | 7 BD | 10,890 sq ft | 0 days on market; 8000 Los Pinos Blvd, Coral Gables FL 33143 — $6.3M | 5 BD | 6 BA | 6,938 sq ft | 185 days on market; 2521 Lincoln Ave, Miami FL 33133 — $6M | 5 BD | 6 BA | 79 days on market; 2627 S Bayshore Dr #2904, Miami FL 33133 — $6M | 3 BD | 4 BA | 2,640 sq ft | 122 days on market; 5667 Cameo Drive N, Boca Raton FL 33433 — $5.2M | 3 BD | 2 BA | 1,658 sq ft | 78 days on market; 14949 SW 184th Ave, Miami FL 33196 — $5.6M | 6 BD | 7 BA | 9,264 sq ft | 175 days on market; 6641 SW 85th St, Miami FL 33143 — $5.9M | 6 BD | 8 BA | 5,266 sq ft | 45 days on market; 731 NE 69th St, Boca Raton FL 33487 — $5.5M | 6 BD | 7 BA | 5,260 sq ft | 8 days on market; 12110 SW 60th Ct, Pinecrest FL 33156 — $5.1M | 7 BD | 8 BA | 8,321 sq ft | 613 days on market; 8600 Surrey Ln, Boca Raton FL 33496 — $5M | 15 days on market; 611 N Greenway Dr, Coral Gables FL 33134 — $5M | 4 BD | 4 BA | 3,839 sq ft | 266 days on market.

Notable patterns in the full list include six properties closing with zero days on market — 1642 Sabal Palm Drive in Boca Raton ($21.5M), 11749 Belladonna Court in Palm Beach Gardens ($13.5M), 360 Ocean Dr #1106S in Key Biscayne ($7M), 21476 Burnside Court in Boca Raton ($6.3M), and 1960 S Ocean Boulevard in Manalapan ($34.4M) — all indicative of off-market transactions or pocket listings that never formally entered public inventory. At the other end of the spectrum, 12110 SW 60th Ct in Pinecrest sat for 613 days before closing at $5.1 million, and 4040 Kiaora St in Miami required 471 days to close at $22.5 million, illustrating that even highly priced luxury assets can require significant time to find the right buyer.

Market Commentary: What This Week's Data Signals

This week's $331.1 million in closed volume during what is traditionally a slower mid-summer period is a meaningful data point for the South Florida luxury market. The presence of eight transactions at or above $10 million — including two above $20 million and one above $40 million — confirms that buyer demand at the top of the market remains resilient heading into the second half of 2026. The concentration of zero-days-on-market closings, particularly for trophy assets in Boca Raton, Palm Beach Gardens, and Manalapan, points to a robust off-market pipeline where high-net-worth buyers are transacting before properties ever reach the MLS.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the week's pattern tells two distinct stories running simultaneously. 'What you're seeing in the data is a market that is deeply bifurcated by days on market,' Smykalov explains. 'The $34.4 million Manalapan oceanfront closed in seven days, and the $21.5 million Sabal Palm Drive estate in Boca Raton closed in zero days — these are buyers who knew exactly what they wanted and moved decisively. At the same time, the $22.5 million Coconut Grove closing at 4040 Kiaora took 471 days, and a Coral Gables home took 416 days. That tells me pricing discipline and product presentation still matter enormously, even at the highest price points. Sellers who come in at market or slightly below are transacting quickly. Those who push the ceiling on price are waiting significantly longer.' Smykalov also points to Boca Raton's five closings this week — totaling approximately $49 million across a range of price points — as evidence that Palm Beach County's luxury market continues to absorb inventory at a healthy rate through summer.

Buyer and Seller Takeaways: Reading the Week's Data

For sellers, the week's data reinforces a clear principle: realistic pricing relative to the current market drives faster closings and cleaner transactions. The six properties that closed in zero to eight days on market — including both the highest-priced deal in Manalapan and multiple Boca Raton closings — demonstrate that well-positioned assets at any price tier find buyers quickly in the current environment. Sellers with properties that have lingered on market should examine whether price adjustments or improved presentation might unlock latent buyer interest, as the 613-day Pinecrest closing and 471-day Coconut Grove closing illustrate the cost of prolonged market exposure.

For buyers, the volume and geographic breadth of this week's closings confirm that competition for well-priced waterfront and luxury assets remains intense, particularly in Palm Beach County and Miami-Dade's established enclaves. The prevalence of off-market closings — six of 29 transactions this week showed zero days on market — means that buyers relying solely on public MLS listings are seeing only a portion of available inventory. Engaging a broker with deep access to the off-market pipeline is increasingly essential for buyers targeting the $10 million and above segment. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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