South Florida’s luxury real estate sector is experiencing a robust start to July 2026, marked by a series of high-profile transactions across major coastal markets. From record-breaking residential sales to significant commercial acquisitions, the region’s property landscape continues to demonstrate resilience and strong investor appetite for premium assets.
Key takeaways
- A 4.6-acre waterfront site in Gables Estates sold for $41.6 million.
- A high-end condo at the Surf Club Four Seasons listed for $31.5 million.
- Luxury single-family home contracts in Miami-Dade totaled $45.5 million in one week.
- Commercial activity remains steady, highlighted by a $16 million school building sale in Davie.
High-stakes activity in Gables Estates
The exclusive Gables Estates community in Coral Gables remains a focal point for luxury investment. Recently, a 4.6-acre waterfront lot located at 8565 Old Cutler Road changed hands for $41.6 million. The site, which previously housed former University of Miami presidents, was sold by an entity managed by Logan Gans. This transaction follows a period of intense activity in the neighborhood, including a notable $55 million off-market flip of a mansion earlier this spring.
Miami-dade luxury market trends
The luxury market in Miami-Dade County is showing signs of calculated movement. According to recent reports from the Eklund-Gomes team at Douglas Elliman, nine luxury contracts were signed in early July for properties asking $4 million or more. Among these, a unit at the Four Seasons Residences at the Surf Club stands out with an asking price of $31.5 million. While the number of deals has fluctuated compared to previous weeks, the average price points for these ultra-luxury units remain exceptionally high, often exceeding $4,000 per square foot.
Regional residential and commercial highlights
Beyond Miami-Dade, the broader South Florida market continues to see significant investment. In Palm Beach, a residential property at 242 Wells Road fetched $21 million, while a beachfront estate in Jupiter Inlet sold for $15.25 million. Commercial sectors are also participating in the growth, evidenced by the $16 million sale of a 46,000-square-foot school building in Davie. These diverse transactions underscore the continued appeal of Florida’s coastal markets to high-net-worth individuals and institutional buyers alike.
Sources
- South Florida Top Real Estate Deals: July 2, 2026, The Real Deal.
- South Florida Top Real Estate Deals: July 1, 2026, The Real Deal.
- South Florida Top Real Estate Deals: June 30, 2026, The Real Deal.
- Surf Club Four Seasons Condo Asking $32M Tops Slow Week, The Real Deal.
- Former University of Miami Presidents’ Home Site Sells, The Real Deal.