South Florida Luxury Market Report: 16 Homes Sold Over $5M, $131.6M in Total Volume, Week of September 8–15, 2026

Week Overview: $131.6M Across 16 Closings, Miami Beach to Stuart

The week of September 8–15, 2026 produced 16 closed luxury transactions at or above $5 million across South Florida, combining for $131.6 million in total volume. Sales spanned a wide geographic corridor — from Key Largo in Monroe County north through Miami-Dade, Broward, and Palm Beach counties, reaching as far north as Stuart in Martin County. Price points ranged from $5.1 million for a 3,024-square-foot condominium in Coconut Grove to a $19 million off-market closing in Stuart, reflecting the breadth and depth of the region's luxury tier.

Sixteen cities and communities were represented in this week's data: 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 Boca Raton. The median sale price for the week sat at approximately $6.85 million. Two sales closed in Boca Raton and two in Miami Beach, making each the most active individual markets by transaction count. Four of the 16 closings reported zero days on market, signaling meaningful off-market or pre-listing deal flow driving a significant portion of volume this week.

Notable Sales: Top 5 Transactions of the Week

The week's single largest closing was 500 SE Indian Street in Stuart at $19 million, recorded with zero days on market — indicating a fully off-market transaction with no public listing exposure. No bedroom or square footage data was provided for this property, but the price point places it among the highest residential closings recorded in Martin County. Immediately behind it, 95410 Overseas Highway in Key Largo closed at $15.3 million after 193 days on market. The 6-bedroom, 3,862-square-foot property on the Overseas Highway corridor represents a rare upper-tier closing in Monroe County and speaks to the enduring appeal of Florida Keys waterfront assets despite their extended marketing periods. The third-highest sale of the week was 5001 Old Ocean Boulevard in Ocean Ridge at $9.8 million, a 4-bedroom, 5,179-square-foot home that also closed with zero days on market. Ocean Ridge, a small barrier island municipality between Boynton Beach and Briny Breezes, rarely sees volume at this level, making this closing particularly notable for Palm Beach County observers.

Rounding out the top five, 324 W Rivo Alto Drive in Miami Beach — a 3-bedroom, 2,337-square-foot single-family home on the Venetian Islands — closed at $9.4 million after 48 days on market, reflecting a price-per-square-foot of approximately $4,022, one of the highest land-and-location premiums of the week. The fifth-largest closing was 11730 Lake Shore Place in North Palm Beach at $8.8 million — a 4-bedroom, 5-bath, 4,408-square-foot home that sat 67 days before going under contract. North Palm Beach waterfront inventory at this tier remains limited, and this closing reinforces the community's positioning as a serious luxury enclave within the northern Palm Beach County market.

Full Sales Ledger: All 16 Closings, Week of September 8–15, 2026

The following 16 transactions represent all recorded MLS closings at or above $5 million in the South Florida market for the week of September 8–15, 2026, listed in descending order by sale price: 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; 300 NE 11th Street, Boca Raton FL 33432 — $6,700,000 | 6 BD | 6,032 sq ft | 459 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.

Across the 16 closings, days on market ranged from 0 to 459, with 300 NE 11th Street in Boca Raton holding the distinction of the longest time to close at 459 days — eventually transacting at $6.7 million for a 6-bedroom, 6,032-square-foot home, a result that will serve as a cautionary data point for sellers overpricing in that submarket. Meanwhile, four properties closed with zero days on market — in Stuart, Ocean Ridge, Jupiter, and Delray Beach — accounting for a combined $39 million in volume, or nearly 30% of the week's total, entirely outside the public listing process.

Market Commentary: Off-Market Activity, Patience, and Premium Location Pricing

This week's data presents a bifurcated market. On one end, four properties closed with zero days on market, generating $39 million in combined volume without ever appearing publicly on the MLS — a figure that demands attention from any serious buyer or seller who believes they have full visibility into the luxury market. On the other end, two properties — 293 Sabal Palm Terrace in Boca Raton (267 days) and 300 NE 11th Street also in Boca Raton (459 days) — required extended marketing periods before closing, with the latter spending more than 15 months on market before securing a buyer at $6.7 million. Denis Smykalov, Founder and Broker of Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the concentration of zero-days-on-market closings in Ocean Ridge, Jupiter, Delray Beach, and Stuart this week is not coincidental. 'These aren't distress sales or rushed transactions — these are well-networked deals where buyers and sellers connected before a listing was necessary,' Smykalov explains. 'When you see $39 million in volume move in a single week without a single day of public exposure, it tells you that a significant portion of the real market is invisible to buyers relying solely on portal searches.'

Smykalov also flags the Key Largo closing at $15.3 million as meaningful context for the Keys market. 'That property sat 193 days before closing, which is consistent with what we see at the upper end of the Keys — the buyer pool is global, specific, and unhurried. But when those buyers do transact, the numbers are real.' The week's data also shows sustained pricing power in the Venetian Islands submarket of Miami Beach, where 324 W Rivo Alto Drive closed at $9.4 million on just 2,337 square feet — a land premium that reflects the irreplaceable nature of single-family waterfront lots in that community. The Bal Harbour condominium at 10295 Collins Ave closing in just 2 days at $5.8 million further illustrates that well-priced, well-positioned inventory in established luxury corridors continues to absorb quickly regardless of the seasonal calendar.

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

For sellers, this week offers two clear lessons. First, properties in premium, supply-constrained locations — the Venetian Islands, Bal Harbour, North Palm Beach waterfront — continue to command top-dollar pricing with manageable days on market. Second, overpriced assets in more competitive submarkets like Boca Raton demonstrated that the luxury buyer is disciplined; the 459-day close on NE 11th Street is a signal that patience eventually forces price discovery, not the other way around. Sellers entering the market this fall should price with precision rather than aspiration, particularly in markets where comparable inventory is active.

For buyers, the most important takeaway from this week may be the sheer volume of off-market activity. Nearly $39 million — 30% of the week's total — closed without a single day of MLS exposure. Buyers who are relying exclusively on Zillow, Realtor.com, or even their brokerage's standard search tools are operating with an incomplete picture of available inventory. Direct broker relationships and access to private networks are not a luxury in this market — they are a prerequisite for competitive participation. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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