South Florida Luxury Market Report: 14 Homes Sold Over $5M, $115.5M in Total Volume Week of September 5–12, 2026

Week Overview: $115.5M Across 14 Sales in 13 Cities

The week of September 5–12, 2026 produced 14 closed luxury transactions at or above $5 million across South Florida, totaling $115.5 million in combined sales volume. Prices ranged from $5.1 million for a 3,024-square-foot condominium in Coconut Grove to $19 million for a riverfront compound in Stuart, a spread that underscores the breadth of the region's ultra-luxury segment heading into fall. The average sale price for the week came in at approximately $8.25 million.

Cities represented in this week's closings included Miami Beach, Delray Beach, West Palm Beach, Palm Beach, Jupiter, North Palm Beach, Miami (Brickell), Ocean Ridge, Coconut Grove, Bal Harbour, Pinecrest, Boca Raton, Key Largo, and Stuart — a rare 13-city distribution that reflects active demand across the full corridor from Miami-Dade through Palm Beach and into Martin County. Four of the 14 transactions closed in zero days on market, signaling that a meaningful share of high-end buyers and sellers continue to transact off-market or through pre-negotiated agreements before public listing.

Notable Sales: Top 5 Closings by Price

The week's highest closing was 500 SE Indian Street in Stuart at $19 million, transacting in zero days on market — a hallmark of an off-market or pre-negotiated deal. No bedroom count or square footage was publicly associated with this record closing, but its price point places it among the largest single residential sales recorded in Martin County. Just behind it, 95410 Overseas Highway in Key Largo closed at $15.3 million for a 6-bedroom, 3,862-square-foot property after 193 days on market — a patient seller ultimately rewarded at a price that reflects the irreplaceable scarcity of deep-water Keys estates. Third for the week was 11730 Lake Shore Place in North Palm Beach, which sold for $8.8 million. The 4-bedroom, 5-bathroom home spans 4,408 square feet and spent 67 days on market before closing, consistent with typical due-diligence timelines for waterfront estates in that price tier.

Rounding out the top five, 5001 Old Ocean Boulevard in Ocean Ridge achieved $9.8 million in zero days on market — the week's second off-market mega-deal — for a 4-bedroom, 5,179-square-foot oceanfront property in one of Palm Beach County's most exclusive enclaves. Fifth place went to 225 Seville Road in West Palm Beach, which closed at $7.1 million for a 4-bedroom, 4,996-square-foot residence after a prolonged 172-day marketing period, suggesting that properly positioned assets in West Palm Beach's luxury tier are still finding buyers willing to transact at asking-proximate levels even after extended campaigns.

Full Sales List: All 14 Closings, Week of September 5–12, 2026

The following 14 transactions were recorded on the MLS for the week: 500 SE Indian Street, Stuart — $19,000,000 | 0 days on market. 95410 Overseas Highway, Key Largo — $15,300,000 | 6 BD | 3,862 sq ft | 193 days on market. 11730 Lake Shore Place, North Palm Beach — $8,800,000 | 4 BD | 5 BA | 4,408 sq ft | 67 days on market. 5001 Old Ocean Boulevard, Ocean Ridge — $9,800,000 | 4 BD | 5,179 sq ft | 0 days on market. 225 Seville Road, West Palm Beach — $7,100,000 | 4 BD | 4,996 sq ft | 172 days on market. 265 Fairview Road, Palm Beach — $7,000,000 | 3 BD | 2,471 sq ft | 40 days on market. 100 S Pointe Drive #3906, Miami Beach — $7,300,000 | 2 BD | 3 BA | 2,048 sq ft | 22 days on market. 107 Nautical Way, Jupiter — $6,700,000 | 4 BD | 5 BA | 4,466 sq ft | 0 days on market. 2012 NW 2nd Avenue, Delray Beach — $6,500,000 | 5 BD | 5,434 sq ft | 0 days on market. 293 Sabal Palm Terrace, Boca Raton — $6,300,000 | 5 BD | 7 BA | 5,961 sq ft | 267 days on market. 10295 Collins Avenue #2207, Bal Harbour — $5,800,000 | 3 BD | 4 BA | 3,289 sq ft | 2 days on market. 6290 SW 130th Terrace, Pinecrest — $5,500,000 | 7 BD | 8 BA | 7,028 sq ft | 125 days on market. 1425 Brickell Avenue, Miami — $5,400,000 | 3 BD | 5 BA | 3,449 sq ft | 162 days on market. 2678 Tigertail Avenue #802, Coconut Grove — $5,100,000 | 4 BD | 5 BA | 3,024 sq ft | 110 days on market.

Combined, these 14 transactions averaged approximately $8.25 million per sale and a median of roughly $6.85 million. Days on market ranged from zero to 267, with 293 Sabal Palm Terrace in Boca Raton — closed at $6.3 million after 267 days — representing the longest campaign of the week.

Market Commentary: Geographic Diversification and the Rise of the Off-Market Close

This week's data illustrates a South Florida luxury market that is increasingly decentralized. Rather than activity concentrating in Miami Beach or Palm Beach proper, closings spread from Key Largo in the south to Stuart in the north — a 140-mile stretch — with meaningful volume recorded in markets like Ocean Ridge, Pinecrest, and Coconut Grove that rarely appear in the same week's tally. Four of the 14 deals closed in zero days on market, a rate of 28.6 percent, which points to a robust off-market pipeline operating parallel to traditional MLS listings.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the week's dual blockbuster closings — $19 million in Stuart and $15.3 million in Key Largo — are particularly instructive. 'Both of these are markets where inventory of true waterfront estates is structurally constrained,' Smykalov observes. 'When a qualified buyer identifies the right asset, they move decisively regardless of days on market. The Key Largo property sat for 193 days and still closed at $15.3 million — that seller held the line on price because they understood there is no replacement product.' Smykalov also flags the four zero-day closings as indicative of a widening gap between buyers who are plugged into broker networks and those relying solely on public listing feeds: 'In the $6.5M-to-$19M range, some of the cleanest deals never hit the public market at all. That's the reality of where South Florida luxury has migrated over the past 24 months.'

Buyer and Seller Opportunities: What This Week's Data Signals

For sellers, this week offers two meaningful data points. First, patience can still be rewarded: three properties that closed this week — Key Largo at 193 days, Boca Raton at 267 days, and West Palm Beach at 172 days — all traded at seven-figure price points above $6 million despite extended campaigns. Overpriced listings do not languish indefinitely in a zero-supply waterfront environment; they eventually clear when the right buyer arrives. Second, zero-days-on-market closings at $6.5 million, $6.7 million, $9.8 million, and $19 million confirm that engaging the right broker network before public listing can compress timelines dramatically while protecting pricing.

For buyers, the geographic breadth of this week's activity is a reminder that South Florida's $5M-plus luxury tier is not a monolith. Value thresholds differ materially between a 7,028-square-foot Pinecrest estate at $5.5 million ($782 per square foot) and a 2,048-square-foot Miami Beach condo at $7.3 million ($3,564 per square foot). Buyers who remain flexible on geography while anchored to waterfront or lifestyle criteria may find the most compelling entry points in markets like North Palm Beach, Ocean Ridge, or Jupiter, where this week's closings demonstrated strong fundamentals without the per-square-foot premiums of Miami Beach or Palm Beach Island. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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