Miami Luxury Market Report: 19 Homes Sold Over $5M, $184.2M in Total Volume Week of August 22–29, 2026

Week Overview: $184.2M in Closed Luxury Sales Across South Florida

The week of August 22–29, 2026 saw 19 single-family homes and condominium units close above the $5 million threshold across South Florida, producing a combined sales volume of $184.2 million. Prices ranged from $5.1 million for a four-bedroom estate in Palm Beach Gardens to $51.5 million for a waterfront compound on Miami Beach's Hibiscus Island — a spread that illustrates both the depth and the ceiling of the region's luxury tier.

Eight distinct markets recorded closings this week: Miami Beach, Sunny Isles Beach, Miami, Fort Lauderdale, Deerfield Beach, Jupiter Island, Pinecrest, Coral Gables, Palm Beach Gardens, Boca Raton, Palm Beach, and Jupiter. Fort Lauderdale was the most active submarket with four recorded closings, followed by Palm Beach Gardens and Sunny Isles Beach with two each. The geographic breadth of activity signals that luxury demand remains broadly distributed rather than concentrated in a single corridor.

Notable Sales: Top 5 Transactions of the Week

The week's headline transaction was 270 S Hibiscus Drive in Miami Beach, which closed at $51.5 million — the only sale above $10 million to record zero days on market, indicating an off-market or pre-marketed arrangement. The property spans 10,500 square feet with seven bedrooms and eight bathrooms on Hibiscus Island, one of Miami Beach's most coveted addresses. Second on the list was 959 SE 6th Avenue in Deerfield Beach, which changed hands at $14.5 million after 171 days on market. The listing is notable for its 20-bathroom configuration, suggesting a multi-unit, estate, or commercially scaled residential compound. Third was 55 Links Road on Jupiter Island, closing at $11.1 million after 97 days on market; at 3,938 square feet across four bedrooms, the price reflects the extreme land-value premium commanded by Jupiter Island, one of the wealthiest zip codes in the United States.

Rounding out the top five, 2839 NE 26th Place in Fort Lauderdale sold for $8.5 million after 101 days on market. The waterfront home measures 6,750 square feet with six bedrooms and seven bathrooms — among the largest footprints to close this week outside the Hibiscus Island estate. Tied for fifth at $8.4 million were two very different assets: 501 West Avenue, Unit 4303 in Miami Beach, a 2,451-square-foot luxury condominium that traded in just three days, and 1528 SE 11th Street in Fort Lauderdale, a 4,935-square-foot single-family home that spent 118 days on market before closing. The West Avenue condo's three-day absorption stands as the fastest close of the week after the off-market Hibiscus Island deal, reflecting strong demand for move-in-ready high-rise inventory in Miami Beach.

Full Sales Recap: All 19 Closings, August 22–29, 2026

Below is the complete record of closed transactions above $5 million for the week. 270 S Hibiscus Dr, Miami Beach — $51.5M | 7 BD | 8 BA | 10,500 sq ft | 0 days on market. 959 SE 6th Ave, Deerfield Beach — $14.5M | 20 BA | 171 days on market. 55 Links Rd, Jupiter Island — $11.1M | 4 BD | 3,938 sq ft | 97 days on market. 2839 NE 26th Place, Fort Lauderdale — $8.5M | 6 BD | 7 BA | 6,750 sq ft | 101 days on market. 501 West Ave #4303, Miami Beach — $8.4M | 3 BD | 5 BA | 2,451 sq ft | 3 days on market. 1528 SE 11th St, Fort Lauderdale — $8.4M | 5 BD | 4,935 sq ft | 118 days on market. 17901 Collins Ave #2604, Sunny Isles Beach — $8.2M | 5 BD | 8 BA | 3,803 sq ft | 260 days on market. 2130 S Miami Ave, Miami — $7.7M | 6 BD | 5,890 sq ft | 51 days on market. 15620 SW 188th Ct, Miami — $7.5M | 7 BD | 6 BA | 7,384 sq ft | 153 days on market. 7901 SW 120th St, Pinecrest — $6.9M | 7 BD | 8 BA | 6,138 sq ft | 85 days on market. 17901 Collins Ave #3003, Sunny Isles Beach — $6.7M | 4 BD | 5 BA | 2,987 sq ft | 377 days on market. 19599 SE Turnbridge Dr #78, Jupiter — $6.3M | 5 BD | 3 BA | 3,681 sq ft | 22 days on market. 441 Royal Plaza Dr, Fort Lauderdale — $6.1M | 6 BD | 6,162 sq ft | 70 days on market. 1228 Alhambra Cir, Coral Gables — $5.6M | 6 BD | 5 BA | 4,319 sq ft | 77 days on market. 13060 Monet Lane, Palm Beach Gardens — $5.6M | 3 BD | 4,209 sq ft | 225 days on market. 424 Coconut Isle Dr, Fort Lauderdale — $5.2M | 5 BD | 5,301 sq ft | 136 days on market. 450 NE 10th St, Boca Raton — $5.4M | 5 BD | 5,578 sq ft | 370 days on market. 2 N Breakers Row #N25, Palm Beach — $5.4M | 3 BD | 3,084 sq ft | 379 days on market. 11513 Green Bayberry Dr, Palm Beach Gardens — $5.1M | 4 BD | 5,625 sq ft | 153 days on market.

Three transactions carried days-on-market counts exceeding one year: 17901 Collins Ave #3003 in Sunny Isles Beach at 377 days, 2 N Breakers Row #N25 in Palm Beach at 379 days, and 450 NE 10th Street in Boca Raton at 370 days. All three ultimately closed, confirming that patient sellers in desirable corridors can still achieve eight-figure or near-eight-figure outcomes even in a market that is increasingly discerning about pricing.

Market Commentary: What This Week's Data Signals

The week's data reflects a luxury market operating in two distinct gears. Highly differentiated, well-located assets — the Hibiscus Island estate, the West Avenue penthouse, the Jupiter enclave at 19599 SE Turnbridge Drive — are closing in days or weeks. Meanwhile, a meaningful cohort of listings required protracted marketing periods of 150 to nearly 400 days before finding a buyer. The bimodal distribution of days-on-market is not a sign of weakness; it is a sign of buyer selectivity at this price tier, which has always characterized healthy ultra-luxury markets. Denis Smykalov, Founder and Broker at Wolsen Waterfront — with more than $500 million in closed waterfront transactions — notes that the week's zero-days-on-market closing at 270 S Hibiscus Drive for $51.5 million is particularly instructive. 'When a 10,500-square-foot Hibiscus Island estate closes without a single day of public market time, that tells you institutional and UHNW buyer networks are transacting before inventory ever hits the MLS,' Smykalov said. 'That is not an anomaly in this cycle — it is a pattern we are seeing repeatedly at the top of the market, and it has real implications for how buyers and their advisors need to be positioned.'

Smykalov also pointed to the Fort Lauderdale concentration — four closings totaling approximately $28.2 million — as consistent with a broader trend he has tracked along the New River and Intracoastal corridors. 'Fort Lauderdale is absorbing demand that would historically have gone to Miami Beach, driven by lot size, dock access, and a relative price-per-square-foot advantage that still exists at the six-to-nine million dollar level,' he said. The Deerfield Beach outlier at $14.5 million with 20 bathrooms also drew his attention: 'That configuration points to a compound or multi-structure estate sale. When you see that kind of transaction in Deerfield Beach, it is worth watching — it can be a leading indicator of institutional interest in markets that are one or two cycles behind the primary luxury nodes.'

Buyer and Seller Takeaways: Positioning in the Current Market

For sellers, this week's data provides a calibrated picture of realistic expectations. The median days-on-market across all 19 closings was approximately 118 days, and seven of the 19 transactions required more than five months to close. Sellers who priced aggressively at listing — and held — were ultimately rewarded, but the data makes clear that the days of universal rapid absorption have given way to a market that punishes overpricing with extended sit times. Properties that closed quickly this week were either demonstrably unique (the Hibiscus Island estate), priced at a level that reflected genuine market value (the West Avenue condo), or situated in supply-constrained micro-markets (Jupiter Island).

For buyers, the extended marketing timelines on several listings represent potential negotiating leverage that did not exist in prior cycles. Assets that have been on market for 200 or more days — the Collins Avenue unit #3003 in Sunny Isles at 377 days, the Boca Raton home at 370 days, the Palm Beach Breakers Row unit at 379 days — all closed this week, suggesting motivated sellers willing to engage. At the same time, the off-market $51.5 million close is a reminder that the most compelling inventory never reaches public channels. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

Full Sales List: All 19 Closings at a Glance

For reference and indexing purposes, all 19 closed sales above $5 million during the week of August 22–29, 2026 are listed here with key metrics. 270 S Hibiscus Dr, Miami Beach, $51.5M. 959 SE 6th Ave, Deerfield Beach, $14.5M. 55 Links Rd, Jupiter Island, $11.1M. 2839 NE 26th Place, Fort Lauderdale, $8.5M. 501 West Ave #4303, Miami Beach, $8.4M. 1528 SE 11th St, Fort Lauderdale, $8.4M. 17901 Collins Ave #2604, Sunny Isles Beach, $8.2M. 2130 S Miami Ave, Miami, $7.7M. 15620 SW 188th Ct, Miami, $7.5M. 7901 SW 120th St, Pinecrest, $6.9M. 17901 Collins Ave #3003, Sunny Isles Beach, $6.7M. 19599 SE Turnbridge Dr #78, Jupiter, $6.3M. 441 Royal Plaza Dr, Fort Lauderdale, $6.1M. 1228 Alhambra Cir, Coral Gables, $5.6M. 13060 Monet Lane, Palm Beach Gardens, $5.6M. 450 NE 10th St, Boca Raton, $5.4M. 2 N Breakers Row #N25, Palm Beach, $5.4M. 424 Coconut Isle Dr, Fort Lauderdale, $5.2M. 11513 Green Bayberry Dr, Palm Beach Gardens, $5.1M. Total combined volume: $184.2 million.

The week's average sale price across all 19 transactions was approximately $9.7 million. Excluding the $51.5 million outlier at Hibiscus Island, the average falls to approximately $6.9 million — a figure that more accurately represents the mid-tier luxury demand driving consistent absorption across the South Florida corridor.

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