The Miami-Dade luxury real estate market continues to attract high-net-worth buyers, with a spectacular Fisher Island mansion priced at $32 million leading the pack of signed contracts for the week ending July 19, 2026. This impressive property showcases the enduring appeal of South Florida’s most exclusive enclaves for wealthy investors seeking premium waterfront living.
Record-Breaking Week in Miami’s Luxury Real Estate
According to the latest weekly report from Douglas Elliman’s Eklund-Gomes team, buyers signed a total of nine contracts representing $79.8 million in asking dollar volume between July 13 and July 19, 2026. The report specifically tracks properties in Miami-Dade County with asking prices of $4 million and above, providing a clear snapshot of the ultra-luxury segment of the market.
While the numbers show strong activity, they represent a slight cooling compared to the previous week, which recorded 12 listings with a combined asking dollar volume of $123.9 million. However, market analysts suggest this fluctuation is typical for the summer season and does not indicate any significant downturn in buyer interest for premium properties.
Single-Family Homes Dominate the Market
Single-family homes proved to be the most sought-after property type during the reporting period. Six of the nine contracts signed were for single-family residences, totaling $59.9 million in asking dollar volume. These properties spent an average of 177 days on the market before securing buyers, with an average contract price of $10 million, translating to approximately $1,360 per square foot.
The crown jewel of the week’s transactions is an impressive 14,800-square-foot property currently under construction at 1011 Links Drive on Fisher Island. This magnificent mansion, asking roughly $2,160 per square foot, will feature upon completion:
- Five spacious bedrooms
- Four full bathrooms
- A private swimming pool
- Completion expected in 2027
Dora Puig of Luxe Living Realty holds the listing for this extraordinary property. The 0.34-acre lot is currently owned by the Hal Mintz 2021 family trust, managed by Allison Mintz and Robert Grundstein. The trust acquired the prime land for $9.5 million in 2025, and the property has been under contract since late last year, with the listing recently renewed in the MLS system.
Luxury Condominiums Attract Discerning Buyers
The condominium segment also showed robust activity during the week, with three high-end units going under contract with a combined asking dollar volume of $19.9 million. These luxury condos spent an average of 172 days on the market and commanded an average contract price of $6.6 million, or approximately $1,640 per square foot.
The most expensive condominium to enter contract was a stunning 5,450-square-foot townhouse in Miami Beach’s prestigious Portofino Tower at 300 South Pointe Drive, asking $9.5 million, or roughly $1,740 per square foot.
This exceptional unit, designated as TH 3103, offers an array of luxury amenities that cater to the most demanding buyers:
- Three bedrooms and four full bathrooms plus two half-baths
- Private elevator entry for maximum privacy
- A 600-square-foot disco room featuring a Rolls-Royce-inspired starlight ceiling
- Dedicated media room with panoramic sunrise and sunset views
- Elegant living area complete with a built-in bar
Dora Puig of Luxe Living Realty also represents this exceptional property. Current owners Jerrold Bair and Nancy Blair originally purchased the townhouse unit for $1.4 million in 1997, positioning them for a substantial return on their nearly three-decade investment.
Miami Versus New York: A Tale of Two Luxury Markets
While Miami continues to attract significant luxury real estate activity, New York City’s Manhattan market also showed strong performance during the same period. According to Olshan Realty, buyers signed contracts for 27 Manhattan homes with a combined asking price of $205 million. Notably, properties in the Big Apple spent considerably longer on the market, averaging 415 days before finding buyers compared to Miami’s 177 days for single-family homes.
This comparison highlights Miami’s continued appeal as a destination for luxury real estate investment, particularly among buyers seeking faster transaction timelines and the lifestyle benefits of South Florida living. Fisher Island, in particular, remains one of the most exclusive communities in the nation, accessible only by ferry and offering unparalleled privacy and amenities for its ultra-wealthy residents.
