Miami Luxury Market Report: 20 Homes Sold Over $5M Week of August 24–31, 2026

Week Overview: $190.3M Across Nine South Florida Cities

Twenty luxury residential properties closed at or above $5 million during the week of August 24–31, 2026, generating a combined sales volume of $190.3 million. Prices ranged from $5.1 million for a four-bedroom estate in Palm Beach Gardens to $51.5 million for a 10,500-square-foot waterfront compound on Hibiscus Island in Miami Beach. The average closed price for the week was approximately $9.5 million, while the median closed price landed near $6.5 million.

Cities represented in this week's closings included Miami Beach, Miami, Sunny Isles Beach, Fort Lauderdale, Deerfield Beach, Coral Gables, Pinecrest, Boca Raton, Palm Beach Gardens, Palm Beach, Jupiter Island, and Jupiter — a geographic spread reflecting sustained demand across the full South Florida luxury corridor from Coral Gables north to Palm Beach County. Single-family homes dominated the week's activity, though three high-rise condominium units also closed, accounting for roughly $23.3 million of total volume.

Notable Sales: Top 5 Closings of the Week

The week's top sale was 270 S Hibiscus Drive, Miami Beach — a 7-bedroom, 8-bathroom waterfront estate spanning 10,500 square feet that closed at $51.5 million with zero days on market, meaning it transacted entirely off-market. This single closing represented 27 percent of the week's total volume and stands as one of the largest residential closings in Miami-Dade County in 2026. The property's off-market status signals both seller discretion and the strength of private buyer networks operating at the ultra-high-net-worth tier. Second on the list was 2839 NE 26th Place in Fort Lauderdale, a 6-bedroom, 7-bathroom waterfront residence of 6,750 square feet that closed at $8.5 million after 101 days on market, reflecting a more typical negotiation timeline for a Fort Lauderdale estate of this scale.

Rounding out the top five were two units at 17901 Collins Avenue in Sunny Isles Beach — Unit 2604 closed at $8.2 million (5 bedrooms, 3,803 sq ft, 260 days on market) and Unit 3003 closed at $6.7 million (4 bedrooms, 2,987 sq ft, 377 days on market), both within the Estates at Acqualina tower. The fact that two units in the same building closed in the same week after extended marketing periods suggests renewed absorption of residual Acqualina inventory. Also notable was 959 SE 6th Avenue in Deerfield Beach, which closed at $14.5 million with 20 bathrooms listed, indicating a large hospitality-style compound or multi-unit residential property; at 171 days on market, this represented a significant luxury transaction for Broward County's northern corridor.

Full Sales List: All 20 Closings, August 24–31, 2026

The complete list of closed sales at or above $5 million for the week is as follows: 270 S Hibiscus Dr, Miami Beach — $51.5M | 7 BD | 8 BA | 10,500 sq ft | 0 DOM. 959 SE 6th Ave, Deerfield Beach — $14.5M | 20 BA | 171 DOM. 55 Links Rd, Jupiter Island — $11.1M | 4 BD | 3,938 sq ft | 97 DOM. 2839 NE 26th Place, Fort Lauderdale — $8.5M | 6 BD | 7 BA | 6,750 sq ft | 101 DOM. 501 West Ave #4303, Miami Beach — $8.4M | 3 BD | 5 BA | 2,451 sq ft | 3 DOM. 1528 SE 11th St, Fort Lauderdale — $8.4M | 5 BD | 4,935 sq ft | 118 DOM. 17901 Collins Ave #2604, Sunny Isles Beach — $8.2M | 5 BD | 8 BA | 3,803 sq ft | 260 DOM. 2130 S Miami Ave, Miami — $7.7M | 6 BD | 5,890 sq ft | 51 DOM. 15620 SW 188th Ct, Miami — $7.5M | 7 BD | 6 BA | 7,384 sq ft | 153 DOM. 7901 SW 120th St, Pinecrest — $6.9M | 7 BD | 8 BA | 6,138 sq ft | 85 DOM. 17901 Collins Ave #3003, Sunny Isles Beach — $6.7M | 4 BD | 5 BA | 2,987 sq ft | 377 DOM. 19599 SE Turnbridge Dr #78, Jupiter — $6.3M | 5 BD | 3 BA | 3,681 sq ft | 22 DOM. 441 Royal Plaza Dr, Fort Lauderdale — $6.1M | 6 BD | 6,162 sq ft | 70 DOM. 3551 Jonathans Harbour Dr, Jupiter — $6.1M | 3 BD | 3,947 sq ft | 55 DOM. 1228 Alhambra Cir, Coral Gables — $5.6M | 6 BD | 5 BA | 4,319 sq ft | 77 DOM. 13060 Monet Lane, Palm Beach Gardens — $5.6M | 3 BD | 4,209 sq ft | 225 DOM. 450 NE 10th St, Boca Raton — $5.4M | 5 BD | 5,578 sq ft | 370 DOM. 2 N Breakers Row #N25, Palm Beach — $5.4M | 3 BD | 3,084 sq ft | 379 DOM. 424 Coconut Isle Dr, Fort Lauderdale — $5.2M | 5 BD | 5,301 sq ft | 136 DOM. 11513 Green Bayberry Dr, Palm Beach Gardens — $5.1M | 4 BD | 5,625 sq ft | 153 DOM.

Days on market across the 20 closings ranged from zero to 379, with a calculated average of approximately 136 days. Eleven of the 20 properties spent more than 90 days on market before closing, underscoring that while demand remains active, buyers at the $5 million-plus threshold are exercising patience and selectivity rather than bidding competitively under pressure.

Market Commentary: What This Week's Data Reveals

The week's $190.3 million in closed volume during what is traditionally a quieter late-August period speaks to the structural resilience of South Florida's luxury residential market. The geographic breadth of closings — stretching from Coral Gables and Pinecrest in Miami-Dade through Fort Lauderdale and Deerfield Beach in Broward, and up to Boca Raton, Palm Beach, Palm Beach Gardens, Jupiter Island, and Jupiter in Palm Beach County — confirms that demand is not concentrated in a single submarket but distributed along the entire waterfront corridor. Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, notes that the week's zero-day off-market closing at 270 S Hibiscus Drive for $51.5 million is particularly telling. 'When a 10,500-square-foot Hibiscus Island estate transacts without ever hitting the public MLS, that reflects a deep private buyer network at the ultra-high-net-worth level that does not show up in headline inventory data,' Smykalov observes. 'Sellers in that bracket are prioritizing discretion, and the buyers matching them are pre-positioned with capital ready to move.'

Smykalov also points to the pattern of extended days-on-market closings as a healthy rather than concerning signal for the broader luxury segment. 'Properties like 2 N Breakers Row in Palm Beach at 379 days, or 450 NE 10th Street in Boca Raton at 370 days — these are not distressed sales,' he explains. 'These are sellers who listed at aspirational price points, held firm, and ultimately found buyers willing to meet them. The fact that they closed at $5.4 million each tells you the floor of the market is well-supported even for properties that take over a year to find the right buyer.' The two Acqualina closings in the same week — after 260 and 377 days on market respectively — similarly suggest that late-cycle luxury condo inventory in Sunny Isles Beach is clearing, which could tighten available supply heading into the fall season. Fort Lauderdale's four closings totaling approximately $28.2 million in a single week further cements that city's emergence as a primary luxury destination in its own right, not merely an alternative to Miami Beach.

Buyer and Seller Opportunity: What This Week's Data Means for You

For sellers, the week's data provides a nuanced picture. The $51.5 million Hibiscus Island closing demonstrates that ultra-premium waterfront assets with the right profile can trade immediately and off-market when properly positioned within the right buyer network. However, the preponderance of closings with 100-plus days on market also illustrates that overpriced listings in even desirable submarkets will sit — the market is liquid but not forgiving of aggressive initial ask prices. Sellers in Fort Lauderdale, Jupiter, and Palm Beach Gardens who price sharply and present well-renovated product appear to be achieving clean closings in the 50 to 100-day window, which is the efficient zone for this market segment.

For buyers, the spread of inventory from Coral Gables to Jupiter means there is meaningful choice across price points from $5.1 million to the ultra-premium tier, and the presence of longer-sitting listings in Sunny Isles Beach and Boca Raton suggests negotiating leverage still exists on certain properties. The Jupiter market, which produced two closings totaling $12.4 million this week — including a 22-day closing at Turnbridge Drive — is signaling accelerating velocity that may compress available inventory faster than buyers expect. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

Methodology

All transaction data cited in this report is sourced directly from MLS closed sales records for the week of August 24–31, 2026, limited to residential properties at or above $5,000,000 within the South Florida market area covered by Wolsen Waterfront (Coral Gables to Fort Lauderdale and select Palm Beach County submarkets). Days on market reflects the active listing period recorded in MLS at time of closing. Off-market transactions may be underrepresented in aggregate volume figures. This report is intended for informational purposes and does not constitute investment advice.

Total volume of $190.3 million reflects the sum of all 20 recorded closed prices as provided by MLS data. Average price per transaction is calculated at approximately $9.515 million. Square footage price-per-foot calculations have not been independently verified and are not cited where bathroom or bedroom data was incomplete in the source record.

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