Miami Luxury Market Report: 10 Homes Sold Over $5M Week of October 18–25, 2026

The week of October 18–25, 2026 produced ten closed transactions at or above $5 million in South Florida, totaling $88.2 million in combined sales volume. The price range extended from $5.2 million at the low end — a Sunny Isles Beach condominium at 15701 Collins Ave #3001 — to a week-high of $14.9 million for a six-bedroom estate in Surfside. The average sale price for the week came in at $8.82 million, reflecting the continued depth of buyer demand at the upper end of the regional market.

Seven distinct municipalities were represented in this week's closings: Miami, Miami Beach, Pinecrest, Key Biscayne, Surfside, Sunny Isles Beach, Palm Beach, West Palm Beach, and Palm Beach Gardens. The geographic spread underscores that South Florida luxury demand is not confined to a single corridor — buyers are active from Pinecrest in Miami-Dade County through the Palm Beaches, absorbing high-value inventory across a broad range of product types including single-family estates, waterfront residences, and high-rise condominiums.

The week's highest sale was 919 92nd St in Surfside, FL 33154, which closed at $14.9 million. The six-bedroom, seven-bathroom residence spent 80 days on market before going under contract, suggesting measured negotiation before a buyer committed at this price point. The second-highest closing was 1300 S Venetian Way in Miami, FL 33139 — a six-bedroom, seven-bathroom home spanning 4,343 square feet situated along the iconic Venetian Causeway — which sold for $13.2 million after just 36 days on market, one of the faster closings among the week's top tier. Third was 13500 SW 69th Ave in Pinecrest, FL 33156, a six-bedroom, nine-bathroom estate that commanded $12.5 million after 70 days on market. Pinecrest continues to attract buyers seeking larger land parcels and estate-style living within Miami-Dade County without a waterfront premium.

Rounding out the top five, 224 Atlantic Ave in Palm Beach, FL 33480 closed at $10.3 million — a four-bedroom home of 3,194 square feet that spent only 13 days on market, the second-fastest closing of the week and a clear signal of intense buyer competition in the Palm Beach market. Fifth was 13315 Provence Drive in Palm Beach Gardens, FL 33410, a four-bedroom, five-bathroom home of 4,117 square feet that sold for $6.5 million after an extended 223 days on market. The protracted timeline ultimately resolved at a price that reflects the current equilibrium for luxury product in Palm Beach Gardens, where buyers have shown patience in their negotiations.

The complete list of ten closed sales above $5 million for the 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 Ave, 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.

Across the ten closings, days on market ranged from as few as 13 days for the Palm Beach transaction to as many as 251 days for 5002 SW 86th St in Miami — a 6-bedroom, 8-bathroom home spanning 5,908 square feet that ultimately closed at $7.5 million. The median days on market across all ten sales was approximately 91 days, indicating that while motivated buyers can move quickly on well-priced inventory, sellers in some submarkets are working through extended marketing periods before finding the right buyer at the right price.

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with more than $500 million in closed waterfront transactions — notes that the week's distribution of closings tells a nuanced story about where the South Florida luxury market stands heading into the fourth quarter of 2026. 'What stands out this week is the concentration of volume in the $12M to $15M range,' Smykalov observes. 'Three of the ten closings landed above $12 million, and they came from three different markets — Surfside, Miami's Venetian Causeway, and Pinecrest. That's not coincidence; that's buyers at the ultra-high end being active and decisive across multiple submarkets simultaneously.'

Smykalov also points to the contrast in days-on-market as a meaningful signal. 'You have 224 Atlantic Ave in Palm Beach closing in 13 days at $10.3 million, and Key Biscayne's 445 Ridgewood Rd closing in 17 days at $6.4 million — those are essentially immediate absorptions. Then on the other end, you have 5002 SW 86th St sitting 251 days before closing at $7.5 million. That spread tells me the market is not uniformly hot — it is highly price-sensitive and location-sensitive. Properties that are correctly priced from day one are being picked up fast. The ones that needed price discovery took the better part of a year.' He adds that the $88.2 million weekly total reflects healthy but selective buyer activity, consistent with the broader trend of qualified, cash-heavy buyers prioritizing specific neighborhoods and product types rather than chasing anything labeled luxury.

For sellers, this week's data offers a clear strategic lesson: pricing discipline from the outset is directly correlated with a faster close and stronger final price. The two quickest sales of the week — Palm Beach at 13 days and Key Biscayne at 17 days — both transacted well above $6 million. Meanwhile, properties that lingered for 138, 140, or 251 days ultimately closed, but only after the market had fully run its course. Sellers who overprice and wait risk not only a longer hold period but also the reputational cost in MLS data of an extended days-on-market figure, which sophisticated buyers and their agents scrutinize closely.

For buyers, the week's data reinforces that pockets of value still exist across South Florida's luxury tier, but the window to negotiate on well-located, correctly priced properties is narrow. Palm Beach, Key Biscayne, and Miami's Venetian Way corridor are demonstrating sub-30-day absorption at $6M to $13M — buyers who hesitate in those markets are likely to lose. In markets like Palm Beach Gardens, West Palm Beach, and Sunny Isles Beach, the longer average days on market suggest greater negotiating leverage may be available for patient buyers with a clear investment thesis. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.