South Florida Luxury Market Report: 33 Homes Sold Over $5M, $340.5M in Total Volume, Week of July 6–13, 2026

Week Overview: $340.5M in Closed Volume Across 12 South Florida Markets

Thirty-three luxury residential transactions closed at or above $5 million during the week of July 6–13, 2026, producing $340.5 million in aggregate closed volume. Sale prices ranged from $5.0 million at the entry threshold — represented by properties in Cooper City and Southwest Ranches — to $30.3 million at 143 E Inlet Drive in Palm Beach, making it the week's single highest sale. The average closed price across all 33 transactions was approximately $10.32 million, while the median sale price settled near $7.9 million, reflecting a market that continues to perform well above national luxury benchmarks.

Markets represented this week include Miami Beach, Key Biscayne, Boca Raton, Pinecrest, Palm Beach, Jupiter, Miami (including Coconut Grove and Edgewater), Bal Harbour, Cooper City, Fort Lauderdale, North Palm Beach, Palm Beach Gardens, Golden Beach, Southwest Ranches, North Miami, West Palm Beach, and Gulf Stream — a geographically diverse sweep of the South Florida waterfront and luxury inland corridor. Twelve distinct municipalities contributed at least one closing, signaling that demand is not concentrated in a single submarket but is broadly distributed across the region's luxury tier.

Notable Sales: Top 5 Transactions of the Week

The week's highest sale was 143 E Inlet Drive, Palm Beach FL 33480, which closed at $30.3 million after 265 days on market. The six-bedroom estate spans 4,675 square feet and represents one of the most significant Palm Beach closings of mid-2026. Its extended marketing period — nearly nine months — ultimately resolved in a landmark price that affirms Palm Beach's position as one of the most valuable ZIP codes in the United States. Just behind it, 5 Harbor Pt in Key Biscayne (FL 33149) closed at $23.5 million after 111 days on market. The three-bedroom, six-bathroom residence offers 10,926 square feet of interior space — among the largest footprints in this week's report — and reflects the persistent premium that Key Biscayne waterfront commands. Bal Harbour's 10201 Collins Ave (FL 33154) was the third-highest close at $22 million, a four-bedroom, six-bathroom condominium of 4,900 square feet that went under contract in just 41 days, among the faster timelines in this price tier.

288 S Coconut Lane in Miami Beach (FL 33139) closed at $18.5 million after 122 days on market. The eight-bedroom, ten-bathroom compound delivers 9,094 square feet of living space, making it both one of the week's largest homes and one of its most valuable Miami Beach transactions. Rounding out the top five, 230 Harbor Drive in Key Biscayne (FL 33149) closed at $17.5 million after a notably extended 595 days on market — the longest marketing period of any sale this week. The seven-bedroom, eight-bathroom home offers 6,240 square feet and its eventual closure at this price point, despite nearly two years of market exposure, speaks to the illiquid but ultimately resilient nature of ultra-luxury waterfront inventory. Two Sloans Curve Drive in Palm Beach (FL 33480) also merits mention at $17.0 million, a five-bedroom, 4,455-square-foot estate that spent 199 days on market before closing, further illustrating the patience required at Palm Beach's upper tier.

Full Sales Ledger: All 33 Closings, Week of July 6–13, 2026

The complete list of closed transactions this week is as follows, ordered by sale price descending: 143 E Inlet Drive, Palm Beach — $30.3M | 6 BD | 4,675 sq ft | 265 DOM; 5 Harbor Pt, Key Biscayne — $23.5M | 3 BD | 6 BA | 10,926 sq ft | 111 DOM; 10201 Collins Ave, Bal Harbour — $22M | 4 BD | 6 BA | 4,900 sq ft | 41 DOM; 288 S Coconut Ln, Miami Beach — $18.5M | 8 BD | 10 BA | 9,094 sq ft | 122 DOM; 230 Harbor Drive, Key Biscayne — $17.5M | 7 BD | 8 BA | 6,240 sq ft | 595 DOM; 2 Sloans Curve Drive, Palm Beach — $17.0M | 5 BD | 4,455 sq ft | 199 DOM; 2655 S Bayshore Drive, Coconut Grove — $16.1M | 5 BD | 6 BA | 6,611 sq ft | 168 DOM; 432 E Alexander Palm Road, Boca Raton — $14.5M | 4 BD | 3 BA | 4,318 sq ft | 1 DOM; 7350 NE 8th Drive, Boca Raton — $13.5M | 6 BD | 8 BA | 9,101 sq ft | 10 DOM; 2669 S Bayshore Dr #1503N, Miami (Coconut Grove) — $9.1M | 6 BD | 6 BA | 5,332 sq ft | 7 DOM; 364 Golden Beach Dr, Golden Beach — $9.9M | 6 BD | 7 BA | 5,363 sq ft | 100 DOM; 324 Eden Road, Palm Beach — $9M | 340 DOM; 9105 Pintura Way, Boca Raton — $8.1M | 5 BD | 8,505 sq ft | 17 DOM; 159 W Coconut Palm Road, Boca Raton — $8.5M | 4 BD | 4,412 sq ft | 231 DOM; 3580 Polo Drive, Gulf Stream — $8M | 5 BD | 6,067 sq ft | 209 DOM; 10428 Bernina Court, Palm Beach Gardens — $7.8M | 5 BD | 5 BA | 6,235 sq ft | 69 DOM; 158 Spyglass Lane, Jupiter — $7.9M | 5 BD | 6 BA | 8,159 sq ft | 95 DOM; 194 Golden Beach Dr, Golden Beach — $7.7M | 7 BD | 6 BA | 4,596 sq ft | 172 DOM; 2006 NE 124th St, North Miami — $7.6M | 7 BD | 9 BA | 5,928 sq ft | 15 DOM; 2841 Emathla St, Miami — $7.3M | 4 BD | 5 BA | 3,243 sq ft | 1 DOM; 2442 Bay Circle, Palm Beach Gardens — $7.2M | 5 BD | 6 BA | 5,795 sq ft | 88 DOM; Miami Beach property — $6.2M | 4 BD | 5 BA | 3,521 sq ft | 145 DOM; 1000 Biscayne Blvd #3201, Miami — $7M | 4 BD | 6 BA | 4,600 sq ft | 90 DOM; 706 Lakeside Circle, North Palm Beach — $6.5M | 5 BD | 7,832 sq ft | 126 DOM; 7825 SW 128th St, Pinecrest — $6.3M | 6 BD | 7 BA | 5,349 sq ft | 15 DOM; 225 Murray Road, West Palm Beach — $6.1M | 5 BD | 3,852 sq ft | 118 DOM; 2425 Delmar Place, Fort Lauderdale — $6.0M | 5 BD | 4,714 sq ft | 154 DOM; 14699 Black Bear Road, Palm Beach Gardens — $5.7M | 4 BD | 5 BA | 6,014 sq ft | 227 DOM; 2821 S Bayshore Dr #6B, Miami — $5.3M | 4 BD | 4 BA | 2,532 sq ft | 82 DOM; 680 NE Marine Drive N, Boca Raton — $5.2M | 5 BD | 4,800 sq ft | 559 DOM; 1020 Grand Isle Terrace, Palm Beach Gardens — $5.2M | 4 BD | 4,642 sq ft | 51 DOM; 3611 NW 100th Ave, Cooper City — $5M | 7 BD | 8 BA | 6,006 sq ft | 46 DOM; 4610 SW 178th Ave, Southwest Ranches — $5M | 8 BD | 8 BA | 7,966 sq ft | 119 DOM.

Days on market across the 33 closings ranged from a single day — achieved by both 432 E Alexander Palm Road in Boca Raton at $14.5 million and 2841 Emathla St in Miami at $7.3 million — to 595 days for 230 Harbor Drive in Key Biscayne. Several other properties carried extended market histories before closing: 680 NE Marine Drive N in Boca Raton sat for 559 days before closing at $5.2 million, and 324 Eden Road in Palm Beach required 340 days before its $9 million close. The presence of both same-day closings and multi-year listings within a single week's data illustrates the full spectrum of liquidity conditions operating simultaneously across South Florida's luxury tier.

Market Commentary: What This Week's Data Signals

The July 6–13 week produced 33 closings — a meaningful volume figure for a midsummer holiday period that historically sees slowdowns in contract activity. The $340.5 million aggregate is supported by a cluster of $15M-plus transactions: six sales exceeded $15 million, and four of those exceeded $17 million, suggesting that the ultra-luxury segment above $15 million remains active and that sellers in this tier, while often waiting longer, are ultimately finding buyers at aspirational prices. The Palm Beach market alone contributed five closings this week — 143 E Inlet Drive ($30.3M), 2 Sloans Curve Drive ($17M), 324 Eden Road ($9M), plus adjacent West Palm Beach and North Palm Beach entries — reinforcing Palm Beach County's dominant position in South Florida's $10M-plus ecosystem.

Days-on-market patterns this week reveal a bifurcated market. Accurately priced or newly listed trophy properties — such as 432 E Alexander Palm Road in Boca Raton ($14.5M, 1 DOM) and 7350 NE 8th Drive, also in Boca Raton ($13.5M, 10 DOM) — absorbed near immediately, while properties carrying DOM figures of 200, 340, and 559 days still closed this week, demonstrating that the market does not flush overpriced listings but instead warehouses them until price discovery occurs. Boca Raton was especially active, contributing five separate closings ranging from $5.2 million to $14.5 million, spanning intracoastal and estate segments. The Coconut Grove submarket also stood out with three closings on or near S Bayshore Drive totaling approximately $30.4 million, underscoring Grove's sustained status as Miami's most competitive luxury enclave.

Buyer and Seller Takeaways: What This Week Means for the Market

For sellers, this week's data offers both encouragement and a clear warning. The encouragement: properties across all price bands — from $5 million to $30.3 million — are closing, and trophy listings that endured extended marketing periods ultimately resolved at significant prices. The $30.3 million close at 143 E Inlet Drive after 265 days, and the $17.5 million close at 230 Harbor Drive after 595 days, confirm that patience and realistic pricing adjustments are eventually rewarded in South Florida's upper tier. The warning: the same data shows that overpriced listings absorb carrying costs for years and often close at prices that may not compensate for the time and expense of extended market exposure. Properties that closed within 15 days this week — Pinecrest's 7825 SW 128th St ($6.3M), North Miami's 2006 NE 124th St ($7.6M), and Boca Raton's 9105 Pintura Way ($8.1M) — were almost certainly priced to the market from day one.

For buyers, the diversity of this week's 33 closings presents a useful market map. Coconut Grove's S Bayshore Drive corridor delivered three closings at $5.3M, $9.1M, and $16.1M — a range that shows multiple entry points within a single high-demand neighborhood. Key Biscayne's two closings at $17.5M and $23.5M confirm that the island continues to trade at a significant premium per square foot, and that sub-5,000-square-foot pricing above $17 million is the current norm there. Buyers seeking relative value in the $5M–$8M range found the most options outside Miami-Dade's core: Jupiter, Palm Beach Gardens, Gulf Stream, North Palm Beach, and Southwest Ranches all produced closings in that band with substantially larger lot and building footprints. The 7,966-square-foot Southwest Ranches estate at 4610 SW 178th Ave closed at $5 million — among the highest square-footage-per-dollar ratios in this week's report — illustrating that buyers who expand their geographic search can meaningfully improve their acquisition economics without sacrificing quality.

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