South Florida Luxury Market Report: 17 Homes Sold Over $5M, $158.2M in Total Volume, Week of September 11–18, 2026

Week Overview: $158.2M in Luxury Volume Across Nine South Florida Markets

The week of September 11–18, 2026 produced 17 closed residential transactions at or above the $5 million threshold, spanning nine distinct South Florida cities: Miami Beach, Coral Gables, Boca Raton, Pinecrest, Key Largo, Stuart, Delray Beach, Pompano Beach, Palm Beach Gardens, and Wellington. Total closed volume reached $158.2 million, with individual sale prices ranging from $5.3 million at 6900 Barquera Street in Coral Gables to $27.6 million at 320 W Dilido Drive in Miami Beach. The median sale price for the week sat at approximately $6.7 million, reflecting a market where mid-tier luxury — properties in the $5M to $8M range — continues to drive the majority of transaction count even as headline-grabbing ultra-luxury closings skew the aggregate volume figure.

Nine cities represented in a single week underscores the geographic breadth of South Florida's luxury buyer pool. Miami Beach contributed four closings alone, making it the most active municipality by transaction count this week, while Coral Gables and Boca Raton each contributed two closings. Stuart's $19 million close and Key Largo's $15.3 million oceanfront sale confirm that the luxury market extends well beyond Miami-Dade's urban core, with Treasure Coast and Florida Keys buyers transacting at meaningful scale.

Notable Sales: Top 5 Closings of the Week

The week's highest close was 320 W Dilido Drive in Miami Beach, which traded at $27.6 million after 142 days on market. The six-bedroom, eight-bathroom waterfront home represents the largest single-family residential close recorded in South Florida during this reporting period and reflects the sustained premium buyers are willing to pay for Miami Beach's most coveted waterfront addresses. Coming in second, 500 SE Indian Street in Stuart closed at $19 million with zero days on market — meaning it was sold before any public MLS exposure — a strong indicator of off-market deal flow and the depth of buyer relationships operating in the Martin County luxury segment. Third on the list, 95410 Overseas Highway in Key Largo closed at $15.3 million after 193 days on market. The six-bedroom Florida Keys estate offered 3,862 square feet of living space in one of the state's most supply-constrained luxury submarkets; the extended marketing period suggests buyers remain deliberate even for trophy oceanfront assets in the Keys. Fourth, 1041 Seaspray Avenue in Delray Beach closed at $10.8 million after just 83 days on market — one of the faster closings among the week's top tier — with five bedrooms, six bathrooms, and 5,092 square feet. The relatively swift absorption reflects Delray Beach's strengthening position as a premier luxury destination in Palm Beach County. Rounding out the top five, the condominium unit at 321 Ocean Dr #200 in Miami Beach closed at $9.9 million after 176 days on market, offering four bedrooms, five bathrooms, and 3,745 square feet. Its companion unit at 321 Ocean Dr #301 — three bedrooms, four bathrooms, 2,530 square feet — closed the same week at $8.7 million after a single day on market, suggesting these sales may reflect a coordinated or pre-negotiated disposition of multiple units within the same boutique building.

Full Sales List: All 17 Closings, Week of September 11–18, 2026

The complete list of closed transactions at or above $5 million this week is as follows: 320 W Dilido Dr, Miami Beach FL 33139 — $27.6M | 6 BD | 8 BA | 142 days on market. 500 SE Indian Street, Stuart FL 34997 — $19M | 0 days on market. 95410 Overseas Highway, Key Largo FL 33037 — $15.3M | 6 BD | 3,862 sq ft | 193 days on market. 1041 Seaspray Avenue, Delray Beach FL 33483 — $10.8M | 5 BD | 6 BA | 5,092 sq ft | 83 days on market. 321 Ocean Dr #200, Miami Beach FL 33139 — $9.9M | 4 BD | 5 BA | 3,745 sq ft | 176 days on market. 321 Ocean Dr #301, Miami Beach FL 33139 — $8.7M | 3 BD | 4 BA | 2,530 sq ft | 1 day on market. 1116 N Ocean Boulevard, Pompano Beach FL 33062 — $7M | 4 BD | 4,432 sq ft | 0 days on market. 17787 Scarsdale Way, Boca Raton FL 33496 — $6.9M | 5 BD | 7 BA | 5,861 sq ft | 119 days on market. 300 NE 11th Street, Boca Raton FL 33432 — $6.7M | 6 BD | 6,032 sq ft | 459 days on market. 12864 S Shore Drive, Palm Beach Gardens FL 33410 — $6.5M | 5 BD | 5,077 sq ft | 113 days on market. 293 Sabal Palm Terrace, Boca Raton FL 33432 — $6.3M | 5 BD | 7 BA | 5,961 sq ft | 267 days on market. 6290 SW 130th Ter, Pinecrest FL 33156 — $5.5M | 7 BD | 8 BA | 7,028 sq ft | 125 days on market. 4504 Sheridan Ave, Miami Beach FL 33140 — $5.8M | 5 BD | 6 BA | 3,646 sq ft | 276 days on market. 15330 Ocean Breeze Lane, Wellington FL 33414 — $5.8M | 5 BD | 5,868 sq ft | 219 days on market. 349 Madeira Ave #349, Coral Gables FL 33134 — $5.6M | 3 BD | 3 BA | 117 days on market. 345 Madeira Ave #345, Coral Gables FL 33134 — $5.6M | 3 BD | 3 BA | 117 days on market. 6900 Barquera St, Coral Gables FL 33146 — $5.3M | 5 BD | 6 BA | 4,993 sq ft | 172 days on market.

Several patterns emerge from the full list. Two closings recorded zero days on market — 500 SE Indian Street in Stuart and 1116 N Ocean Boulevard in Pompano Beach — pointing to off-market activity or pre-negotiated contracts that bypassed the public listing stage entirely. The paired Coral Gables townhome sales at 349 and 345 Madeira Avenue, each closing at $5.6 million after identical 117-day marketing periods, are consistent with a single-owner portfolio disposition or a developer selldown of adjacent units. At the other extreme, 300 NE 11th Street in Boca Raton closed after 459 days on market — the longest hold in this week's dataset — ultimately transacting at $6.7 million, a reminder that even in a strong market, premium pricing on individual assets can extend the path to close considerably.

Market Commentary: What This Week's Data Reveals About South Florida Luxury

This week's 17-transaction, $158.2 million dataset reflects a luxury market operating on two distinct tracks simultaneously. On one hand, a cluster of sales carrying 200-plus days of market time — Key Largo at 193 days, Boca Raton at 267 and 459 days, Wellington at 219 days, Miami Beach at 276 days — signals that buyers in the $5M to $8M range are exercising meaningful negotiating discipline and are not compelled by urgency. On the other hand, the $19 million Stuart close and the $7 million Pompano Beach close, both with zero days on market, confirm that the most compelling assets — whether by price, location, or seller relationship — are still moving before they ever reach public exposure.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, interprets this week's data as a market defined by selective velocity rather than broad momentum. 'What stands out to me in this week's closings is the bifurcation between properties that found their buyers quickly and those that required extended patience,' Smykalov notes. 'The $27.6 million Miami Beach waterfront close after 142 days, paired with a $19 million Stuart transaction that never hit the public market, tells you that buyers at the top of the market are highly specific — they know exactly what they want, and they'll wait for it or source it privately. Meanwhile, the concentration of closings in Coral Gables, Boca Raton, and Miami Beach this week reinforces that inventory in those corridors is finding real buyers, even if the path to contract is taking longer than sellers initially expect.'

Buyer and Seller Takeaways: What This Week's Data Means for You

For sellers, this week's data offers a dual message. The 459-day Boca Raton close and multiple transactions with 200-plus days on market are a clear signal that overpricing relative to true market value extends timelines significantly — even in a market where $158 million can close in a single week. Conversely, the paired Madeira Avenue sales in Coral Gables and the swift Delray Beach close at $10.8 million after 83 days demonstrate that accurately priced, well-presented luxury product continues to attract qualified buyers within a reasonable marketing window. Sellers considering listing in the $5M to $10M range should treat this week's data as a calibration tool: pricing strategy and asset quality, not just market conditions, will largely determine how long a listing sits.

For buyers, the two zero-days-on-market closings — Stuart and Pompano Beach — are the most instructive data points of the week. Off-market access remains a genuine competitive advantage in South Florida luxury, particularly in markets like the Treasure Coast and Broward, where public inventory is thinner and motivated sellers often prefer discretion. Buyers who rely exclusively on public MLS listings are competing for a subset of what actually transacts. The week's geographic spread — nine cities, from Wellington's equestrian estate corridor to Key Largo's oceanfront — also confirms that South Florida luxury demand is not concentrated in a single market, which creates diversified entry points for buyers with flexible location parameters. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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