South Florida Luxury Market Report: 10 Homes Sold Over $5M, $88.2M in Total Volume, Week of October 19–26, 2026

The week of October 19–26, 2026 produced ten closed sales at or above $5 million across South Florida, totaling $88.2 million in combined transaction volume. The price range stretched from $5.2 million at 15701 Collins Ave #3001 in Sunny Isles Beach to a high of $14.9 million at 919 92nd St in Surfside, reflecting continued demand at multiple price points within the luxury segment.

Seven distinct markets were represented in this week's closings: Pinecrest, Miami, Key Biscayne, Palm Beach, Surfside, West Palm Beach, Sunny Isles Beach, Palm Beach Gardens, and Miami Beach. The geographic spread underscores that South Florida luxury demand remains broadly distributed rather than concentrated in any single submarket, with activity visible from the Miami–Dade corridor north through Palm Beach County.

The week's highest closing came from Surfside, where 919 92nd St traded at $14.9 million — a six-bedroom, seven-bathroom residence that spent 80 days on market before reaching contract. The second-highest closing was 1300 S Venetian Way in Miami, a waterfront address on the Venetian Causeway that closed at $13.2 million with 6 bedrooms, 7 bathrooms, and 4,343 square feet after just 36 days on market. Third was 13500 SW 69th Ave in Pinecrest, closing at $12.5 million with 6 bedrooms and 9 bathrooms after 70 days on market, representing the top Pinecrest sale reported this week.

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 fastest closes of the week. Fifth was 13315 Provence Drive in Palm Beach Gardens, which closed at $6.5 million with 4 bedrooms, 5 bathrooms, and 4,117 square feet after a longer 223 days on market, suggesting patient sellers were ultimately rewarded at asking-range pricing in that submarket.

The complete set of ten closed sales 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.

Continuing: 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.

This week's data reveals a striking bifurcation in how quickly luxury inventory is being absorbed. Four of the ten closings took fewer than 40 days on market — 224 Atlantic Avenue in Palm Beach at 13 days, 445 Ridgewood Rd in Key Biscayne at 17 days, 1300 S Venetian Way in Miami at 36 days, and 13500 SW 69th Ave in Pinecrest at 70 days — while the remaining six properties required between 80 and 251 days to close. The long-end outlier, 5002 SW 86th St in Miami at 251 days on market, still achieved a $7.5 million close, demonstrating that well-priced product eventually transacts even in softer pockets of demand.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets the week's pattern this way: 'What stands out in this week's data is that the fastest closings — Palm Beach in 13 days, Key Biscayne in 17, Venetian Way in 36 — all share one characteristic: strong location scarcity. Buyers in those corridors know that inventory at this price point rarely sits, so they move decisively. The longer-days properties are not distressed sales; they are cases where sellers held price through a slower discovery period and still got paid. That tells me conviction remains high on both sides of these transactions, which is a healthy signal for the broader South Florida luxury market heading into Q4 2026.'

For sellers, this week reinforces that accurately priced luxury homes in high-scarcity submarkets — Palm Beach island, Key Biscayne, and waterfront Miami addresses — can achieve sub-30-day closes even at price points above $6 million. Sellers in less constrained geographies such as West Palm Beach, Sunny Isles Beach, and Palm Beach Gardens should expect longer marketing periods of 100 to 225 days based on current absorption patterns, but the data confirms that full-price or near-full-price outcomes are still achievable with appropriate patience and positioning.

For buyers, the two condo closings this week — 501 West Ave #4102 in Miami Beach at $6.3 million and 15701 Collins Ave #3001 in Sunny Isles Beach at $5.2 million — both required over 100 days on market, suggesting the high-rise luxury segment continues to offer negotiating leverage that single-family waterfront properties do not. Investors tracking lot-value plays should note that the Pinecrest closing at 13500 SW 69th Ave at $12.5 million without a listed square footage is consistent with estate-lot pricing in that zip code. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.