South Florida Luxury Market Report: 13 Homes Sold Over $5M, $98.8M in Total Volume, Week of October 20–27, 2026

The week of October 20–27, 2026 produced 13 closed sales at or above $5 million across South Florida, totaling $98.8 million in combined volume. Sales ranged from $5.2 million at the entry threshold to $14.9 million at the top, with a median sale price of approximately $6.3 million. The week's average sale price came in at roughly $7.6 million.

Eight distinct municipalities were represented in this week's closings: Miami, Key Biscayne, Palm Beach, Surfside, West Palm Beach, Miami Beach, Sunny Isles Beach, Palm Beach Gardens, and Coral Gables. The geographic spread underscores the broad-based demand that continues to characterize South Florida's upper tier, with no single submarket dominating the week's activity.

The week's highest closing was 919 92nd St in Surfside at $14.9 million — a 6-bedroom, 7-bathroom estate that spent 80 days on market before finding its buyer. The second-largest transaction was 1300 S Venetian Way in Miami at $13.2 million, a waterfront-adjacent 6-bedroom, 7-bathroom residence spanning 4,343 square feet that closed in just 36 days. Third was 224 Atlantic Avenue in Palm Beach at $10.3 million — a 4-bedroom home of 3,194 square feet that moved in a brisk 13 days, signaling strong demand in Palm Beach's prestigious Atlantic Avenue corridor. Rounding out the top four was 5002 SW 86th St in Miami at $7.5 million, a substantial 6-bedroom, 8-bathroom residence offering 5,908 square feet after 251 days on market.

Fifth on the week was 13315 Provence Drive in Palm Beach Gardens at $6.5 million — a 4-bedroom, 5-bathroom home spanning 4,117 square feet that ultimately found a buyer after 223 days of marketing. The speed differential between the Palm Beach sale (13 days) and the Palm Beach Gardens sale (223 days) illustrates how location specificity and price positioning can produce dramatically different absorption timelines even within adjacent luxury submarkets.

Below is the complete record of luxury closings above $5 million recorded during the week of October 20–27, 2026: (1) 919 92nd St, Surfside — $14.9M | 6 BD | 7 BA | 80 days on market. (2) 1300 S Venetian Way, Miami — $13.2M | 6 BD | 7 BA | 4,343 sq ft | 36 days on market. (3) 224 Atlantic Avenue, Palm Beach — $10.3M | 4 BD | 3,194 sq ft | 13 days on market. (4) 5002 SW 86th St, Miami — $7.5M | 6 BD | 8 BA | 5,908 sq ft | 251 days on market. (5) 13315 Provence Drive, Palm Beach Gardens — $6.5M | 4 BD | 5 BA | 4,117 sq ft | 223 days on market. (6) 445 Ridgewood Rd, Key Biscayne — $6.4M | 5 BD | 6 BA | 3,688 sq ft | 17 days on market. (7) 501 West Ave #4102, Miami Beach — $6.3M | 3 BD | 4 BA | 2,930 sq ft | 103 days on market. (8) 7000 Robles St, Coral Gables — $6M | 5 BD | 6 BA | 4,429 sq ft | 252 days on market.

(9) 100 Royal Palm Way #A, Palm Beach — $5.8M | 3 BD | 3 BA | 2,434 sq ft | 1 day on market. (10) 760 Woodcrest Rd, Key Biscayne — $5.8M | 5 BD | 6 BA | 4,003 sq ft | 151 days on market. (11) 261 Rutland Boulevard, West Palm Beach — $5.5M | 5 BD | 5,464 sq ft | 194 days on market. (12) 3109 Washington Road, West Palm Beach — $5.3M | 5 BD | 2,773 sq ft | 140 days on market. (13) 15701 Collins Ave #3001, Sunny Isles Beach — $5.2M | 3 BD | 5 BA | 3,080 sq ft | 138 days on market. Combined, these 13 closings represent listings that spent anywhere from a single day to 252 days on the market before going to contract, highlighting the wide variance in buyer demand across price points and locations.

The week's $98.8 million in closed volume across 13 transactions reflects a market that remains active but increasingly selective. Several of this week's closings carried extended days-on-market figures — 7000 Robles St in Coral Gables sat for 252 days, 5002 SW 86th St in Miami for 251 days, and 13315 Provence Drive in Palm Beach Gardens for 223 days — suggesting that buyers at the $5–8 million range are exercising patience and negotiating leverage where inventory allows. At the same time, the Surfside and Venetian Way closings at $14.9 million and $13.2 million, combined with Palm Beach's 13-day and 1-day closings, confirm that truly compelling properties at premium addresses continue to trade quickly and with urgency.

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with over $500 million in closed waterfront transactions — notes that the week's divergence in days-on-market is the most telling data point. 'When you see a $5.8 million Palm Beach condo close in a single day alongside a $6 million Coral Gables estate that took 252 days, the market is telling you something very specific about location premiums and product differentiation,' Smykalov observes. 'The speed at the top of this week's board — Surfside, Venetian Way, Palm Beach — reflects continued institutional confidence in trophy-tier assets. The longer holds at the $5–7 million midrange tell me that sellers who priced optimistically in a faster market are now adjusting expectations. It's a healthy recalibration, not a retreat.'

For sellers, this week's data offers a clear message: price positioning and property condition remain determinative at the $5–8 million level. Listings that lingered — some for more than seven months — ultimately closed, but likely after price reductions or extended carrying costs. Sellers entering the market now in Coral Gables, West Palm Beach, and Palm Beach Gardens should engage a broker with granular, neighborhood-level pricing intelligence from the outset. Overpricing in a patient buyer environment is a costly strategy.

For buyers, the spread between a 1-day closing in Palm Beach and a 252-day hold in Coral Gables within the same week signals real opportunity. In submarkets where inventory is moving slowly — particularly West Palm Beach, Palm Beach Gardens, and Coral Gables — buyers have meaningful negotiating room that was absent 18 months ago. Conversely, anyone targeting Surfside, Key Biscayne, or Palm Beach proper should come prepared to move decisively; that inventory does not sit. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.