South Florida Luxury Market Report: 15 Homes Sold Over $5M, $124.9M in Total Volume Week of September 7–14, 2026

The week of September 7–14, 2026 produced 15 closed residential transactions at or above $5 million across South Florida's luxury corridor, totaling $124.9 million in combined sales volume. Prices ranged from a $5.1 million condominium in Coconut Grove to a $19 million closing in Stuart, reflecting the geographic and price-tier diversity that has come to define the regional luxury market. 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 submarkets — a span of more than 150 miles of South Florida coastline and inland premium communities.

Three of the 15 sales closed in zero days on market, signaling that off-market and pre-market deal flow remains active among qualified buyers and sellers who do not need public exposure to transact. At the other end of the spectrum, several properties carried days-on-market figures exceeding 150 days before closing, a reminder that pricing discipline and asset-specific demand continue to separate quick closings from extended listings even in a healthy overall market. The median sale price for the week came in at approximately $6.9 million, with the average sale price at roughly $8.33 million per transaction.

The week's single largest closing was 500 SE Indian Street in Stuart at $19 million, recording zero days on market — a rare off-market transaction at the top of the regional price ladder that highlights growing buyer interest in premium Treasure Coast waterfront assets. Close behind was 95410 Overseas Highway in Key Largo, which closed at $15.3 million after 193 days on market. The six-bedroom, 3,862-square-foot Florida Keys estate commands one of the most storied waterfront settings in the country, and its final close price reflects the patience required for ultra-premium trophy assets in smaller, supply-constrained submarkets. Third on the week was 5001 Old Ocean Boulevard in Ocean Ridge at $9.8 million — a four-bedroom, 5,179-square-foot home that went under contract immediately, closing with zero days on market. Ocean Ridge, a small barrier island municipality between Boynton Beach and Lantana, has increasingly attracted buyers priced out of Palm Beach proper while still demanding direct ocean or Intracoastal positioning.

Rounding out the top five: 324 W Rivo Alto Drive in Miami Beach closed at $9.4 million after 48 days on market. The three-bedroom, three-bathroom home spans 2,337 square feet on Rivo Alto Island, one of the exclusive Di Lido island chain properties offering private waterfront living with deep-water dockage and proximity to the South of Fifth corridor. The fifth-largest closing of the week was 11730 Lake Shore Place in North Palm Beach, which traded at $8.8 million after 67 days on market. The four-bedroom, five-bathroom home encompasses 4,408 square feet and sits within a lakefront setting that continues to draw Palm Beach County buyers seeking estate-scale living at a relative value compared to the island itself.

The complete transaction record for the week is as follows. 500 SE Indian Street, Stuart FL 34997 — $19,000,000 | 0 days on market. 95410 Overseas Highway, Key Largo FL 33037 — $15,300,000 | 6 BD | 3,862 sq ft | 193 days on market. 5001 Old Ocean Boulevard, Ocean Ridge FL 33435 — $9,800,000 | 4 BD | 5,179 sq ft | 0 days on market. 324 W Rivo Alto Dr, Miami Beach FL 33139 — $9,400,000 | 3 BD | 3 BA | 2,337 sq ft | 48 days on market. 11730 Lake Shore Place, North Palm Beach FL 33408 — $8,800,000 | 4 BD | 5 BA | 4,408 sq ft | 67 days on market. 100 S Pointe Dr #3906, Miami Beach FL 33139 — $7,300,000 | 2 BD | 3 BA | 2,048 sq ft | 22 days on market. 225 Seville Road, West Palm Beach FL 33405 — $7,100,000 | 4 BD | 4,996 sq ft | 172 days on market. 265 Fairview Road, Palm Beach FL 33480 — $7,000,000 | 3 BD | 2,471 sq ft | 40 days on market. 107 Nautical Way, Jupiter FL 33477 — $6,700,000 | 4 BD | 5 BA | 4,466 sq ft | 0 days on market. 2012 NW 2nd Avenue, Delray Beach FL 33444 — $6,500,000 | 5 BD | 5,434 sq ft | 0 days on market. 293 Sabal Palm Terrace, Boca Raton FL 33432 — $6,300,000 | 5 BD | 7 BA | 5,961 sq ft | 267 days on market. 10295 Collins Ave #2207, Bal Harbour FL 33154 — $5,800,000 | 3 BD | 4 BA | 3,289 sq ft | 2 days on market. 6290 SW 130th Ter, Pinecrest FL 33156 — $5,500,000 | 7 BD | 8 BA | 7,028 sq ft | 125 days on market. 1425 Brickell Ave, Miami FL 33131 — $5,400,000 | 3 BD | 5 BA | 3,449 sq ft | 162 days on market. 2678 Tigertail Ave #802, Coconut Grove FL 33133 — $5,100,000 | 4 BD | 5 BA | 3,024 sq ft | 110 days on market.

Geographically, the week's closings spanned Palm Beach County (West Palm Beach, Palm Beach, North Palm Beach, Jupiter, Delray Beach, Boca Raton, Ocean Ridge), Miami-Dade County (Miami Beach, Miami, Bal Harbour, Pinecrest, Coconut Grove), the Florida Keys (Key Largo), and the Treasure Coast (Stuart) — a distribution that illustrates how buyer demand at the $5 million-plus threshold has dispersed across the full South Florida region rather than concentrating in any single submarket.

The breadth of this week's closings — 15 markets represented, three zero-days-on-market transactions, and a $13.9 million spread between the lowest and highest sale prices — reflects a luxury market operating on multiple speeds simultaneously. The three properties that closed with zero days on market, in Stuart, Ocean Ridge, and Jupiter, each traded through private channels before ever appearing publicly, which speaks to the continued importance of broker networks and off-market deal access at the upper end of the price spectrum. Meanwhile, the four closings that required more than 150 days on market — Key Largo at 193 days, Boca Raton at 267 days, West Palm Beach at 172 days, and Miami's Brickell at 162 days — demonstrate that buyers at this price level apply rigorous scrutiny and will not accelerate timelines for properties they view as mispriced relative to their alternatives.

Denis Smykalov, Founder and Broker of Wolsen Waterfront and a veteran of more than $500 million in closed waterfront transactions, interprets the week's data as a confirmation of bifurcated market conditions. 'What stands out to me this week is the simultaneous presence of three zero-day closings and four closings that took more than five months,' Smykalov notes. 'The off-market transactions in Stuart, Ocean Ridge, and Jupiter tell you that the right buyer for the right property is still moving with conviction when they find what they want. But the extended timelines in Boca Raton at 267 days and Key Largo at 193 days tell you that sellers who hold out for a price the market hasn't validated will wait. In a market with this much wealth in motion, patience is both a seller's risk and a buyer's opportunity.' Smykalov also highlights the Stuart closing at $19 million with zero days on market as particularly noteworthy: 'A nine-figure-range transaction on the Treasure Coast closing privately is not something we would have seen five years ago. It signals that ultra-high-net-worth buyers have genuinely expanded their geography, and brokers who cover only Miami-Dade are leaving meaningful deal flow on the table.'

For sellers, the week's data presents a clear message: assets with immediate waterfront access, strong design, and realistic pricing relative to comparables can still close quickly — even during the traditionally slower September window. The zero-day closings in Ocean Ridge and Jupiter, both single-family properties priced between $6.7 million and $9.8 million, prove that motivated, pre-qualified buyers are actively working with brokers who surface inventory before it hits MLS. Sellers in Palm Beach County and the Treasure Coast corridor in particular should take note of the week's transaction concentration: five of the 15 closings fell within that geographic band, suggesting institutional buyer interest in that region remains elevated heading into Q4 2026.

For buyers, the extended days-on-market data at properties like 293 Sabal Palm Terrace in Boca Raton (267 days) and 225 Seville Road in West Palm Beach (172 days) identifies segments where negotiating leverage exists and where sellers may be more flexible than list price history suggests. The Pinecrest closing at $5.5 million for a seven-bedroom, 7,028-square-foot home represents exceptional price-per-square-foot value compared to equivalent square footage in Miami Beach or Palm Beach proper, a trade-off worth analyzing for buyers prioritizing space and land over waterfront address. With Q4 historically producing some of South Florida's most active luxury closing months as seasonal residents return, buyers who establish relationships now — before inventory tightens — will be best positioned to act decisively. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.