Residential closings of $3,000,000 and above · Miami-Dade & Palm Beach Counties · Recorded deeds and press-verified transactions.
By Seth Semilof
Broker, HL Real Estate Group · Published August 2026
In July 2026, 202 residential properties sold for $3 million or more across Miami-Dade and Palm Beach counties, totaling $1.448 billion. The average sale was $7.17 million, the median sale $5.2 million, and the median price $1,555 per square foot. July is the first tracked month, the series baseline. Data through July 31, 2026; verified August 31, 2026.
Miami-Dade and Palm Beach counties recorded 202 residential closings of $3 million or more in July 2026, totaling $1.448 billion, with a $7.17 million average sale price, $5.2 million median, and $1,555 median price per square foot. Volume concentrated in the $5–$10 million tier — 74 transactions and $512.9 million — while eight sales above $20 million generated $240.7 million. Miami-Dade led with 115 closings and $876.8 million in volume versus 87 closings and $571.0 million in Palm Beach County; Boca Raton was the highest-volume market at $189.0 million across 34 sales. July is the first month of tracked history, so month-over-month and year-over-year comparisons begin with the August report.
| Metric | Miami-Dade | Palm Beach | Total |
|---|---|---|---|
| $3M+ closings | 115 | 87 | 202 |
| Dollar volume | $876.8M | $571.0M | $1.448B |
| Average sale price | $7,623,948 | $6,563,616 | $7,167,270 |
| Median sale price | — | — | $5,200,000 (combined) |
| Median $/SF | — | — | $1,555 (combined)* |
| Property Type | Closings | Volume | Avg Price |
|---|---|---|---|
| Single-Family | 143 | $1,137.0M | $7,951,148 |
| Condo | 56 | $295.7M | $5,279,902 |
| Townhouse | 2 | $8.5M | $4,250,000 |
| Penthouse | 1 | $6.6M | $6,600,000 |
| Price Band | Closings | Volume |
|---|---|---|
| $20M+ | 8 | $240.7M |
| $10–20M | 25 | $338.9M |
| $5–10M | 74 | $512.9M |
| $3–5M | 95 | $355.4M |
| # | Address | Market | Price | $/SF | Residence | Notes |
|---|---|---|---|---|---|---|
| 1 | 416 W San Marino Dr, Miami Beach | Venetian Islands | $42,500,000 | $9,343 | 3 bd · 3.5 ba · 4,549 SF · single-family | |
| 2 | 228 Bear’s Club Dr, Jupiter † | Jupiter (Bear’s Club) | $33,800,000 | — | 6 bd · 10 ba · single-family | Top South Florida home sale in the July 17 roundup; sold by a spec developer. |
| 3 | 617 E Dilido Dr, Miami Beach | Venetian Islands | $33,000,000 | $26,253* | 4 bd · 5 ba · 1,257 SF · waterfront | Combined “landmaxxing” purchase with 625 E Dilido — two adjacent waterfront lots (0.7 acres) deeded to an LLC for a likely single-mansion redevelopment (The Real Deal). |
| 4 | 625 E Dilido Dr, Miami Beach | Venetian Islands | $33,000,000 | $36,545* | 6 bd · 6 ba · 903 SF · waterfront | Second half of the E Dilido assemblage. |
| 5 | 790 Lake Rd, Miami | Edgewater | $27,250,000 | $4,464 | 5 bd · 7.5 ba · 6,104 SF · single-family | |
| 6 | 239 Emerald Ln, Palm Beach | Palm Beach Island | $25,000,000 | $4,078 | 5 bd · 7.5 ba · 6,131 SF · single-family | |
| 7 | 11400 N Bayshore Dr, North Miami † | San Souci Estates | $24,000,000 | — | 7 bd · 8 ba · waterfront · single-family | Priciest South Florida home sale in the July 27 roundup; set a San Souci Estates neighborhood record. |
| 8 | 200 W Coconut Palm Rd, Boca Raton † | Royal Palm Yacht & CC | $22,100,000 | — | 9 bd · 17 ba · waterfront · single-family | 17,000+ SF mansion on a one-acre estate with private dock. |
| 9 | 5545 SW 81st Ter, Miami | Coral Gables | $18,850,000 | $2,303 | 3 bd · 2 ba · 8,184 SF · single-family | Priciest sale in the July 20 roundup; newly built mansion on nearly one acre with a separate guest house. |
| 10 | 288 S Coconut Ln, Miami Beach | Miami Beach | $18,518,000 | $2,036 | 9 bd · 8 ba · 9,094 SF · single-family |
| Market | County | $3M+ Sales | Volume | Avg Price | Avg $/SF |
|---|---|---|---|---|---|
| Boca Raton | Palm Beach | 34 | $189.0M | $5,560,088 | $1,411 |
| Miami Beach † | Miami-Dade | 23 | $164.0M | $7,130,565 | $2,214 |
| Pinecrest | Miami-Dade | 15 | $115.3M | $7,685,767 | $2,051 |
| Coral Gables | Miami-Dade | 17 | $109.0M | $6,411,765 | $12,351* |
| Venetian Islands | Miami-Dade | 3 | $108.5M | $36,166,667 | $24,047* |
| Palm Beach Island † | Palm Beach | 12 | $101.0M | $8,413,333 | $2,663 |
| Jupiter † | Palm Beach | 12 | $91.1M | $7,593,758 | $1,648 |
| Coconut Grove | Miami-Dade | 16 | $89.1M | $5,570,000 | $1,924 |
| Sunny Isles Beach | Miami-Dade | 12 | $67.4M | $5,613,333 | $1,484 |
| Key Biscayne | Miami-Dade | 9 | $64.7M | $7,188,889 | $1,728 |
| Surfside | Miami-Dade | 6 | $37.0M | $6,165,000 | $2,245 |
| Edgewater | Miami-Dade | 3 | $36.4M | $12,125,000 | $2,105 |
| Jupiter (Bear’s Club) † | Palm Beach | 1 | $33.8M | $33,800,000 | — |
| Delray Beach | Palm Beach | 7 | $31.9M | $4,558,929 | $1,424 |
| West Palm Beach | Palm Beach | 6 | $27.4M | $4,566,667 | $2,074 |
| North Palm Beach † | Palm Beach | 5 | $25.5M | $5,093,800 | $1,830 |
| North Miami (San Souci Estates) †‡ | Miami-Dade | 1 | $24.0M | $24,000,000 | — |
| Boca Raton (Royal Palm Yacht & CC) † | Palm Beach | 1 | $22.1M | $22,100,000 | — |
| Highland Beach | Palm Beach | 3 | $21.9M | $7,316,667 | $2,101 |
| Brickell | Miami-Dade | 4 | $16.3M | $4,062,500 | $1,168 |
| Star / Palm / Hibiscus Islands | Miami-Dade | 1 | $15.0M | $15,000,000 | — |
| Wellington | Palm Beach | 4 | $14.7M | $3,662,500 | $875 |
| North Miami (Keystone Islands) †‡ | Miami-Dade | 1 | $12.5M | $12,500,000 | — |
| Ocean Ridge | Palm Beach | 1 | $8.6M | $8,575,000 | $2,659 |
| Downtown Miami | Miami-Dade | 1 | $7.0M | $7,000,000 | $1,522 |
| Fisher Island | Miami-Dade | 2 | $6.8M | $3,409,750 | $1,783 |
| Manalapan | Palm Beach | 1 | $4.0M | $4,050,000 | $1,014 |
| Aventura | Miami-Dade | 1 | $3.9M | $3,850,000 | $738 |
The $3M–$5M band supplied the market’s transaction base — 95 sales (47.0% of closings) but $355.4M (24.5% of volume). At the other end, just eight $20M+ transactions (4.0% of sales) accounted for $240.7M, or 16.6% of total volume, underscoring the influence of trophy trades on monthly dollar volume.
Single-family homes dominated both activity and value: 143 closings and $1.137B — roughly 70.8% of transactions and 78.5% of volume. Condominiums contributed 56 sales and $295.7M, while townhouses and penthouses were limited to three combined transactions.
Waterfront and island markets produced the month’s defining trades. Venetian Islands recorded $108.5M across only three sales, including the month’s $42.5M high at 416 W San Marino Dr, plus the adjacent 617 and 625 E Dilido Dr lots — each deeded for $33M to an LLC in a 0.7-acre assemblage described as a “landmaxxing” play for a single mansion.
Entity participation is directly visible in the two $33M E Dilido Drive deeds, both conveyed to an LLC. The records do not identify financing or cash status across the broader 202-sale dataset, so we note documented entity buyers rather than drawing a market-wide cash-buyer conclusion.
Miami-Dade delivered the larger, higher-priced county aggregate — 115 sales, $876.8M, $7.62M average — led by Miami Beach, Pinecrest, Coral Gables, Venetian Islands and Coconut Grove. Palm Beach County recorded 87 sales and $571.0M, led by Boca Raton, Palm Beach Island and Jupiter — Boca Raton alone produced 34 sales and $189.0M.
Read July as a baseline, not a trend: this is the first tracked month of the series. Month-over-month and year-over-year comparisons begin with the August report.
202 residential properties closed at $3 million or more across Miami-Dade and Palm Beach counties in July 2026, totaling $1.448 billion in volume. The average sale was $7.17 million.
The month’s high sale was $42,500,000 at 416 W San Marino Dr, Miami Beach (Venetian Islands).
Boca Raton, with $189.0M across 34 sales. Miami-Dade recorded 115 closings and $876.8M; Palm Beach recorded 87 closings and $571.0M.
From ATTOM county deed records + The Real Deal (South Florida). This issue covers data through July 31, 2026 and was verified August 31, 2026.
| Issue | $3M+ closings | Total volume | Average sale | Median sale | Median $/SF |
|---|---|---|---|---|---|
| September 2026 | 94 | $645.4M | $6.87M | $4.50M | $1,431 |
| August 2026 | 81 | $624.2M | $7.71M | $4.70M | $1,274 |
| July 2026 | 202 | $1.448B | $7.17M | $5.20M | $1,555 |
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