South Florida Luxury Market Report: 13 Homes Sold Over $5M, $148.7M in Total Volume Week of October 21–28, 2026

The week of October 21–28, 2026 produced 13 confirmed closed sales at or above the $5 million threshold across South Florida, spanning nine distinct cities from Coral Gables in Miami-Dade County to Jupiter in Palm Beach County. Total volume reached $148.7 million, with individual sale prices ranging from $5.2 million to $37.1 million — a spread that illustrates the depth and breadth of the region's luxury residential market.

Cities represented in this week's closings include Miami, Miami Beach, Sunny Isles Beach, Key Biscayne, Coconut Grove, Coral Gables, West Palm Beach, Palm Beach, Palm Beach Gardens, Boca Raton, Hillsboro Beach, and Jupiter. The geographic diversity of this week's activity reinforces that South Florida's luxury market is not concentrated in any single submarket, but is instead driven by sustained demand across the full coastal corridor from Miami-Dade through Palm Beach County.

The week's highest-recorded sale was 999 Hillsboro Mile in Hillsboro Beach, which closed at $37.1 million after 621 days on market. The oceanfront estate spans 12,912 square feet with 6 bedrooms and 7 bathrooms, and its closing after more than 20 months of marketing demonstrates that patient sellers in ultra-prime locations can ultimately achieve generational sale prices. Second on the list is 1520 Royal Palm Way in Boca Raton, which closed at $29 million after 696 days on market. The 8,549-square-foot estate with 6 bedrooms and 8 bathrooms represents one of the largest residential transactions to close in Boca Raton in recent memory. Third is 370 Eagle Drive in Jupiter, which closed at $12.5 million with zero days on market — a likely off-market or pre-marketed transaction — on a sprawling 14,749-square-foot structure with 8 bedrooms, signaling strong private-network activity among Jupiter's waterfront community.

The fourth-largest closing of the week was 1300 S Venetian Way in Miami, which sold for $13.2 million after just 36 days on market. The 4,343-square-foot home with 6 bedrooms and 7 bathrooms on the Venetian Causeway corridor represents one of the fastest high-value closings of the week, reflecting acute demand for waterfront single-family product in Miami proper. Rounding out the top five is 431 Costanera Rd in Coral Gables, which closed at $10.4 million after an extended 807 days on market. At 9,640 square feet with 7 bedrooms and 9 bathrooms, the estate is one of the largest homes by square footage to close this week, and its sale after more than two years of marketing highlights how persistence in pricing and positioning can ultimately deliver results in even the most competitive luxury submarkets.

The complete list of closed sales above $5 million for the week is as follows: 999 Hillsboro Mile, Hillsboro Beach — $37.1M | 6 BD | 7 BA | 12,912 sq ft | 621 days on market. 1520 Royal Palm Way, Boca Raton — $29M | 6 BD | 8 BA | 8,549 sq ft | 696 days on market. 1300 S Venetian Way, Miami — $13.2M | 6 BD | 7 BA | 4,343 sq ft | 36 days on market. 370 Eagle Drive, Jupiter — $12.5M | 8 BD | 14,749 sq ft | 0 days on market. 431 Costanera Rd, Coral Gables — $10.4M | 7 BD | 9 BA | 9,640 sq ft | 807 days on market.

Continuing: 13315 Provence Drive, Palm Beach Gardens — $6.5M | 4 BD | 5 BA | 4,117 sq ft | 223 days on market. 501 West Ave #4102, Miami Beach — $6.3M | 3 BD | 4 BA | 2,930 sq ft | 103 days on market. 7000 Robles St, Coral Gables — $6M | 5 BD | 6 BA | 4,429 sq ft | 252 days on market. 100 Royal Palm Way #A, Palm Beach — $5.8M | 3 BD | 3 BA | 2,434 sq ft | 1 day on market. 760 Woodcrest Rd, Key Biscayne — $5.8M | 5 BD | 6 BA | 4,003 sq ft | 151 days on market. 261 Rutland Boulevard, West Palm Beach — $5.5M | 5 BD | 5,464 sq ft | 194 days on market. 3581 E Glencoe St #605, Coconut Grove — $5.3M | 4 BD | 6 BA | 3,886 sq ft | 1 day on market. 15701 Collins Ave #3001, Sunny Isles Beach — $5.2M | 3 BD | 5 BA | 3,080 sq ft | 138 days on market.

This week's closings present a nuanced picture of a market that is simultaneously rewarding patience and speed. Three of the thirteen closings — in Hillsboro Beach, Boca Raton, and Coral Gables — required more than 600 days to find a buyer, while three others — in Jupiter, Palm Beach, and Coconut Grove — closed in zero or one day. Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this divergence as a structural feature of the current market rather than an anomaly. 'What we're seeing is a tale of two buyer pools,' Smykalov notes. 'Highly specific trophy assets — the oceanfront Hillsboro estate, the Boca Raton mega-mansion — require extended marketing windows because the buyer universe for a $29M to $37M home is genuinely small and often international. But well-positioned waterfront and condo product in the $5M to $6M range is moving immediately when it comes to market correctly priced, as we saw in Palm Beach and Coconut Grove this week.'

Smykalov also highlights the geographic spread of this week's data as significant. 'Thirteen closings across nine cities in one week is a strong signal that demand is not isolated to Miami Beach or Brickell — it is distributed across the entire South Florida coastal corridor. Jupiter at $12.5 million with zero days on market, Coral Gables with two separate closings totaling over $16 million, Key Biscayne at $5.8 million — this is broad-based activity.' The average sale price across the 13 closings was approximately $11.4 million, though the median — closer to $6.3 million — more accurately reflects where the bulk of transaction volume is concentrated. The two ultra-luxury outliers in Hillsboro Beach and Boca Raton account for $66.1 million, or 44 percent, of the week's total volume on their own.

For sellers, this week's data delivers a clear message: properties that are priced correctly and positioned for the right buyer pool — whether that means aggressive pre-marketing for off-market buyers or patient, well-funded marketing campaigns for ultra-luxury estates — are finding closings. The 807-day sale in Coral Gables and the 696-day close in Boca Raton should not be read as market weakness; they are evidence that South Florida's luxury market has the depth to absorb even the most ambitious asks, provided sellers are willing to commit to the process. For buyers, the zero-day and one-day closings in Jupiter, Palm Beach, and Coconut Grove illustrate that the most competitively priced and best-located inventory is not sitting. Buyers who are waiting on the sidelines for price corrections in the $5M to $7M waterfront segment should note that 100 Royal Palm Way in Palm Beach and 3581 E Glencoe St in Coconut Grove both found buyers on day one — a clear indicator of pent-up demand at that price tier.

The week's data also suggests that the $10M to $15M single-family waterfront segment — represented by the Venetian Way and Costanera closings in Miami and Coral Gables — remains an active zone of price discovery, with well-located homes finding buyers within one to twelve months. Sellers in this range who have been hesitant to list should view the current environment as constructive. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.