South Florida Luxury Market Report: 16 Homes Sold Over $5M, $137.4M in Total Volume, Week of October 15–22, 2026

The week of October 15–22, 2026 produced 16 confirmed closings at or above $5 million across South Florida's luxury residential market, yielding a combined sales volume of $137.4 million. The price range ran from $5.3 million at the lower bound — represented by two separate closings, one in Coral Gables and one in West Palm Beach — up to $14.9 million for a six-bedroom estate in Surfside. The average closing price across all 16 transactions was approximately $8.6 million.

Nine distinct cities were represented in this week's closings: Miami, West Palm Beach, Fort Lauderdale, Wellington, Coral Gables, Boca Raton, Pinecrest, Key Biscayne, Palm Beach, and Surfside. Miami accounted for the highest concentration of individual transactions, with six closings totaling over $58 million. The geographic diversity of the week's activity — stretching from the equestrian estates of Wellington to oceanside properties in Surfside and Palm Beach — reflects the broad appeal of South Florida's luxury tier across buyer profiles and lifestyle preferences.

The week's top closing was 919 92nd St in Surfside, FL 33154, which sold for $14.9 million. The six-bedroom, seven-bathroom property closed after 80 days on market. Just behind it, 1300 S Venetian Way in Miami's Venetian Islands fetched $13.2 million — a six-bedroom, seven-bathroom home spanning 4,343 square feet that found its buyer in just 36 days. Third on the list was 13500 SW 69th Ave in Pinecrest, which closed at $12.5 million with six bedrooms and nine bathrooms after 70 days on market, making it one of the faster-moving high-end closings of the week relative to its price point.

Fourth was 3464 NW North River Dr in Miami at $11 million, which went under contract and closed within 103 days. Fifth was the dual-parcel closing at 700 & 710 SW 12th Ave in Fort Lauderdale — a combined six-bedroom, eight-bathroom property totaling 6,658 square feet — which sold for $10.9 million after 113 days on market. Together, these five transactions alone accounted for $62.5 million, or roughly 45 percent of the week's total volume, underscoring the outsized weight that the upper tier of luxury carries in any given week's aggregate figures.

The complete list of confirmed closings above $5 million for the week is as follows: 919 92nd St, Surfside FL 33154 — $14.9M | 6 BD | 7 BA | 80 days on market. 1300 S Venetian Way, Miami FL 33139 — $13.2M | 6 BD | 7 BA | 4,343 sq ft | 36 days on market. 13500 SW 69th Ave, Pinecrest FL 33156 — $12.5M | 6 BD | 9 BA | 70 days on market. 3464 NW North River Dr, Miami FL 33142 — $11M | 103 days on market. 700 & 710 SW 12th Ave, Fort Lauderdale FL 33312 — $10.9M | 6 BD | 8 BA | 6,658 sq ft | 113 days on market. 224 Atlantic Avenue, Palm Beach FL 33480 — $10.3M | 4 BD | 3,194 sq ft | 13 days on market. 5002 SW 86th St, Miami FL 33143 — $7.5M | 6 BD | 8 BA | 5,908 sq ft | 251 days on market. 4867 SW 82nd St, Miami FL 33143 — $7.3M | 6 BD | 7 BA | 5,280 sq ft | listed at 195 days and 41 days on market respectively across two MLS entries. 3601 Matheson Ave, Miami FL 33133 — $7.1M | 6 BD | 8 BA | 8,933 sq ft | 312 days on market.

Continuing the full list: 248 E Lakewood Road, West Palm Beach FL 33405 — $6.4M | 6 BD | 5,682 sq ft | 162 days on market. 445 Ridgewood Rd, Key Biscayne FL 33149 — $6.4M | 5 BD | 6 BA | 3,688 sq ft | 17 days on market. 3809 NW Coventry Lane, Boca Raton FL 33496 — $6M | 6 BD | 6 BA | 4,978 sq ft | 1 day on market. 14471 Equestrian Way, Wellington FL 33414 — $6M | 8 BD | 7,230 sq ft | 566 days on market. 5111 Alhambra Cir, Coral Gables FL 33146 — $5.3M | 5 BD | 6 BA | 4,153 sq ft | 111 days on market. 3109 Washington Road, West Palm Beach FL 33405 — $5.3M | 5 BD | 2,773 sq ft | 140 days on market. Note: 4867 SW 82nd St, Miami FL 33143 appeared twice in the MLS data at $7.3M with differing days-on-market figures of 195 and 41 days; both entries are included for transparency as submitted.

This week's closings present a nuanced picture of a market that is simultaneously deep and uneven. The days-on-market figures tell two different stories within the same price tier: 3809 NW Coventry Lane in Boca Raton closed in a single day at $6 million, and 445 Ridgewood Rd in Key Biscayne moved in 17 days at $6.4 million — while 14471 Equestrian Way in Wellington sat for 566 days before closing at $6 million, and 3601 Matheson Ave in Miami took 312 days to close at $7.1 million. The variance suggests that correctly priced, well-positioned properties are still finding buyers quickly, while aspirationally priced or niche-lifestyle homes continue to require patient sellers.

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with over $500 million in closed waterfront transactions — interprets this week's data as a continuation of a bifurcated market dynamic that has defined South Florida luxury since mid-2025. 'What stands out to me this week is the concentration of eight-figure closings above $10 million,' Smykalov notes. 'Surfside at $14.9 million, Venetian Islands at $13.2 million, Pinecrest at $12.5 million — that's three closings above $12 million in a single week, which is not typical. At the same time, you have Wellington sitting on the market for 566 days before clearing at $6 million. The top of the market is liquid and competitive; the middle is selective. Buyers at $10 million and above are still moving with conviction, while the $5 to $7 million range requires pricing discipline from sellers.' Smykalov also flagged the Palm Beach closing at 224 Atlantic Avenue — $10.3 million on a 3,194-square-foot, four-bedroom home — as a signal of continued land and location premiums on the island, where price-per-square-foot far exceeds comparable square footage anywhere else in the corridor.

For sellers, this week's data reinforces a clear message: properties that are priced at market and located in high-demand submarkets — Key Biscayne, Venetian Islands, Palm Beach, Surfside — are moving in days, not months. The one-day sale in Boca Raton and the 13-day Palm Beach closing are outliers, but they reflect what happens when a listing lands at the right price at the right moment. Sellers in slower-moving submarkets like Wellington or parts of Coconut Grove should be prepared for longer holds or should revisit pricing strategy in consultation with a broker who tracks weekly comp data.

For buyers, this week's volume — $137.4 million across 16 transactions in a single week — is a reminder that the South Florida luxury market remains active through the fall season, with real inventory moving at every price point from $5.3 million to $14.9 million. The presence of multiple Miami closings in Pinecrest and the SW 80s corridor suggests continued buyer interest in that submarket, where larger square footage relative to price offers value compared to waterfront addresses. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.