South Florida Luxury Market Report: 15 Homes Sold Over $5M, $124.9M in Total Volume, Week of September 6–13, 2026

Week Overview: $124.9M Across 15 Closings from Key Largo to Stuart

The week of September 6–13, 2026 produced 15 closed sales at or above the $5 million threshold, totaling $124.9 million in aggregate volume across South Florida. The price range stretched from a $5.1 million condominium in Coconut Grove to a $19 million estate in Stuart, reflecting the geographic and product-type breadth that defines this corridor's luxury segment. Cities represented included Miami Beach, Delray Beach, West Palm Beach, Palm Beach, Jupiter, North Palm Beach, Miami, Ocean Ridge, Coconut Grove, Bal Harbour, Pinecrest, Boca Raton, Key Largo, Stuart, and Coral Gables-adjacent markets.

With 15 closings in a single week, average transaction value came in at approximately $8.3 million. Four properties closed in zero days on market — a consistent signal that pre-marketed or off-market deal structures continue to drive a meaningful share of high-end volume in this region. The median sale price for the week was approximately $6.7 million, and at least six of the 15 closings were waterfront or water-access properties, underscoring the premium South Florida buyers continue to assign to direct water access.

Notable Sales: Top 5 Closings of the Week

The week's largest closing was 500 SE Indian Street in Stuart at $19 million, a riverfront estate that went under contract and closed with zero days on market — indicating a private, off-market transaction executed entirely outside the public listing process. No bedroom or square footage data was provided in the MLS record, but at $19 million it stands as the single largest closing in South Florida's luxury segment this week by a margin of $3.7 million. Immediately behind it, 95410 Overseas Highway in Key Largo closed at $15.3 million — a six-bedroom, 3,862-square-foot property that carried 193 days of market exposure before securing a buyer. The price per square foot on the Key Largo estate was approximately $3,962, a figure that reflects the extreme scarcity of large waterfront parcels in the Florida Keys.

Rounding out the top five: 5001 Old Ocean Boulevard in Ocean Ridge closed at $9.8 million with zero days on market — a four-bedroom, 5,179-square-foot oceanfront property that again transacted off the public market entirely. In Miami Beach, 324 W Rivo Alto Drive closed at $9.4 million, offering three bedrooms and 2,337 square feet on Rivo Alto Island after 48 days on market, producing a price-per-square-foot of approximately $4,022 — among the highest residential per-foot figures recorded in Miami Beach this week. The fifth-largest closing was 11730 Lake Shore Place in North Palm Beach at $8.8 million, a four-bedroom, 4,408-square-foot waterfront home that spent 67 days on market before closing.

Full Sales Summary: All 15 Closings, September 6–13, 2026

The complete list of closed sales for the week is as follows, ordered by sale price descending: (1) 500 SE Indian Street, Stuart FL 34997 — $19.0M | 0 days on market. (2) 95410 Overseas Highway, Key Largo FL 33037 — $15.3M | 6 BD | 3,862 sq ft | 193 days on market. (3) 5001 Old Ocean Boulevard, Ocean Ridge FL 33435 — $9.8M | 4 BD | 5,179 sq ft | 0 days on market. (4) 324 W Rivo Alto Dr, Miami Beach FL 33139 — $9.4M | 3 BD | 3 BA | 2,337 sq ft | 48 days on market. (5) 11730 Lake Shore Place, North Palm Beach FL 33408 — $8.8M | 4 BD | 5 BA | 4,408 sq ft | 67 days on market. (6) 100 S Pointe Dr #3906, Miami Beach FL 33139 — $7.3M | 2 BD | 3 BA | 2,048 sq ft | 22 days on market. (7) 225 Seville Road, West Palm Beach FL 33405 — $7.1M | 4 BD | 4,996 sq ft | 172 days on market. (8) 265 Fairview Road, Palm Beach FL 33480 — $7.0M | 3 BD | 2,471 sq ft | 40 days on market. (9) 107 Nautical Way, Jupiter FL 33477 — $6.7M | 4 BD | 5 BA | 4,466 sq ft | 0 days on market. (10) 2012 NW 2nd Avenue, Delray Beach FL 33444 — $6.5M | 5 BD | 5,434 sq ft | 0 days on market. (11) 293 Sabal Palm Terrace, Boca Raton FL 33432 — $6.3M | 5 BD | 7 BA | 5,961 sq ft | 267 days on market. (12) 10295 Collins Ave #2207, Bal Harbour FL 33154 — $5.8M | 3 BD | 4 BA | 3,289 sq ft | 2 days on market. (13) 6290 SW 130th Ter, Pinecrest FL 33156 — $5.5M | 7 BD | 8 BA | 7,028 sq ft | 125 days on market. (14) 1425 Brickell Ave, Miami FL 33131 — $5.4M | 3 BD | 5 BA | 3,449 sq ft | 162 days on market. (15) 2678 Tigertail Ave #802, Coconut Grove FL 33133 — $5.1M | 4 BD | 5 BA | 3,024 sq ft | 110 days on market.

Total combined volume: $124.9 million. The 15 closings represent markets spanning Broward, Miami-Dade, Palm Beach, Martin, and Monroe counties, illustrating how demand above the $5 million threshold is distributed across the full South Florida coastline rather than concentrated in any single submarket.

Market Commentary: Off-Market Volume, Patience Rewarded, and Waterfront Premiums

Four of the 15 closings — Stuart, Ocean Ridge, Jupiter, and Delray Beach — recorded zero days on market, accounting for roughly $42 million of the week's $124.9 million in total volume, or approximately 34 percent. Denis Smykalov, Founder and Broker at Wolsen Waterfront, who has closed more than $500 million in waterfront transactions across this corridor, interprets the pattern directly: 'When you see four closings in a single week with zero days on market at this price tier, you're looking at a private-deal infrastructure that functions in parallel to the MLS. Sellers at the $6.5 million to $19 million level increasingly prefer not to publicly list. That compression of days on market to zero is not accidental — it reflects relationships and off-market networks, not spontaneous buyer discovery.' Smykalov also flags the contrast between those off-market closings and the week's longest-duration listings: 293 Sabal Palm Terrace in Boca Raton closed after 267 days, and the Key Largo Overseas Highway estate required 193 days. 'Those longer timelines are not necessarily signs of a weak market,' he notes. 'Unique assets — oceanfront parcels in Ocean Ridge, Keys estates with acreage — require patient, specific buyers. The market does clear them, but on a longer runway than a Miami Beach condo.'

The Rivo Alto Island closing in Miami Beach at $9.4 million for 2,337 square feet deserves particular attention. At approximately $4,022 per square foot, that figure is consistent with the premium the market assigns to single-family island properties with direct Biscayne Bay frontage. The One Thousand Museum adjacent Brickell closing at $5.4 million after 162 days, by contrast, reflects continued softness in the Brickell high-rise resale segment relative to waterfront single-family product. Smykalov summarizes the week's broader signal: 'Volume is healthy, geography is wide, and the split between fast off-market deals and slow-burn unique assets tells you exactly where buyer conviction is strongest heading into Q4.'

Buyer and Seller Opportunity: What This Week's Data Reveals

For sellers, the week's data delivers a clear message: off-market positioning at the $6 million-plus tier produces faster results. All four zero-days-on-market closings this week were above $6.5 million. Sellers who enter the public MLS without a pre-qualified buyer in place should price aggressively from day one — 293 Sabal Palm Terrace in Boca Raton's 267-day journey to closing and the 172-day West Palm Beach Seville Road listing both suggest that overpriced or under-marketed luxury inventory can sit well into a second or third quarter before finding its buyer.

For buyers, the week demonstrates that off-market inventory exists and is transacting actively — the public MLS captures only a portion of true market activity above $5 million. The Pinecrest closing at $5.5 million for 7,028 square feet represents one of the strongest value propositions in the data set at approximately $783 per square foot, and the Coconut Grove penthouse at $5.1 million for 3,024 square feet in a five-bathroom layout suggests continued relative affordability in the Grove versus Miami Beach at comparable bedroom counts. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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