Miami Luxury Market Report: 10 Homes Sold Over $5M Week of October 17–24, 2026

The week of October 17–24, 2026 produced ten closed sales at or above the $5 million threshold, combining for a total transactional volume of $88.2 million. The price range opened at $5.2 million for a three-bedroom condominium in Sunny Isles Beach and peaked at $14.9 million for a six-bedroom estate in Surfside, reflecting the breadth of luxury buyer appetite active in the region. The average sale price across all ten closings came in at $8.82 million.

Geographic distribution was notably diverse. Closings were recorded in Miami, Miami Beach, Surfside, Sunny Isles Beach, Key Biscayne, Pinecrest, West Palm Beach, Palm Beach, and Palm Beach Gardens — a spread that signals parallel demand from coastal condo buyers, single-family estate purchasers, and island enclave seekers simultaneously. No single city dominated the week's activity, though Miami contributed three closings on its own, reinforcing its position as the region's most liquid luxury submarket.

The week's highest closing was recorded at 919 92nd St in Surfside, FL, where a six-bedroom, seven-bathroom home sold for $14.9 million after 80 days on market. Surfside's coastal positioning and limited single-family inventory have supported strong price discovery in recent quarters. The second-highest closing of the week came at 1300 S Venetian Way in Miami, a six-bedroom, seven-bathroom residence spanning 4,343 square feet that closed at $13.2 million in just 36 days — one of the week's fastest exits at the upper tier. Third was 13500 SW 69th Ave in Pinecrest, a six-bedroom, nine-bathroom estate that moved at $12.5 million after 70 days on market. Pinecrest remains a preferred enclave for buyers seeking larger lots and privacy within Miami-Dade County without sacrificing proximity to Coral Gables and Brickell.

Rounding out the top five, 224 Atlantic Avenue in Palm Beach closed at $10.3 million — a four-bedroom home of 3,194 square feet that found a buyer in just 13 days on market, one of the sharpest absorption stories of the week and consistent with Palm Beach's historically tight inventory. Fifth on the list was 13315 Provence Drive in Palm Beach Gardens, which traded at $6.5 million for a four-bedroom, five-bathroom home spanning 4,117 square feet. That property carried 223 days on market before closing, suggesting the final price likely reflected negotiation from an earlier ask.

The complete list of luxury closings this week is as follows. 919 92nd St, Surfside FL 33154 — $14.9M | 6 BD | 7 BA | 80 days on market. 1300 S Venetian Way, Miami FL 33139 — $13.2M | 6 BD | 7 BA | 4,343 sq ft | 36 days on market. 13500 SW 69th Ave, Pinecrest FL 33156 — $12.5M | 6 BD | 9 BA | 70 days on market. 224 Atlantic Avenue, Palm Beach FL 33480 — $10.3M | 4 BD | 3,194 sq ft | 13 days on market. 13315 Provence Drive, Palm Beach Gardens FL 33410 — $6.5M | 4 BD | 5 BA | 4,117 sq ft | 223 days on market. 445 Ridgewood Rd, Key Biscayne FL 33149 — $6.4M | 5 BD | 6 BA | 3,688 sq ft | 17 days on market. 501 West Ave #4102, Miami Beach FL 33139 — $6.3M | 3 BD | 4 BA | 2,930 sq ft | 103 days on market. 5002 SW 86th St, Miami FL 33143 — $7.5M | 6 BD | 8 BA | 5,908 sq ft | 251 days on market. 3109 Washington Road, West Palm Beach FL 33405 — $5.3M | 5 BD | 2,773 sq ft | 140 days on market. 15701 Collins Ave #3001, Sunny Isles Beach FL 33160 — $5.2M | 3 BD | 5 BA | 3,080 sq ft | 138 days on market.

Two closings stand out for their extended time on market before finding buyers. The Miami property at 5002 SW 86th St carried 251 days before its $7.5 million closing, the longest market exposure of the week. The Palm Beach Gardens listing at 13315 Provence Drive followed at 223 days. Both nonetheless closed above $5 million, indicating that patient sellers who held their price conviction ultimately transacted — a meaningful data point in a market where some listings that sit are increasingly assumed to be overpriced.

The week's ten closings reveal a market that is active but increasingly selective. Properly priced homes in supply-constrained areas — Palm Beach's 13-day close and Key Biscayne's 17-day close being the clearest examples — are still attracting buyers quickly, while listings that have required extended exposure are still closing, just with more elapsed time and likely some price adjustment built in. The concentration of six-bedroom homes among the week's highest-priced closings also suggests that multigenerational buyers and those seeking primary compound-style residences remain the dominant force at the upper end of the market.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this week's data as a reflection of bifurcated buyer behavior. 'What's striking about this particular week is the coexistence of 13-day closes in Palm Beach alongside 251-day cycles in Miami,' Smykalov notes. 'That spread tells you the market isn't monolithic — it rewards precision. Properties that are priced accurately for their submarket and presented correctly are still moving in weeks, not months. The longer-tenured listings that did close this week are a reminder that buyers are here, but they're not overpaying for the sake of urgency. Sellers who hold realistic expectations are the ones getting to the closing table.'

For sellers, this week's data offers a clear directive: pricing discipline remains the primary determinant of days on market. The delta between a 13-day Palm Beach close and a 251-day Miami close is not solely a function of location — it reflects how closely list prices aligned with buyer expectations at the moment of listing. Sellers entering the market in Q4 2026 who price within the range that recent comps support will benefit from a buyer pool that, as this week demonstrates, is actively closing deals north of $10 million when the value case is made.

For buyers, the diversity of this week's closings — from a $5.2 million Sunny Isles Beach tower unit to a $14.9 million Surfside estate — illustrates that entry points, property types, and neighborhood characteristics remain varied enough to support a range of acquisition strategies. Condominiums in Sunny Isles Beach and Miami Beach continue to represent lower price-per-entry access to the region's luxury tier, while single-family opportunities in Pinecrest, Key Biscayne, and Palm Beach carry the premium that supply scarcity commands. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.