South Florida Luxury Market Report: 18 Homes Sold Over $5M, $156.1M in Total Volume, Week of August 6–13, 2026

Week Overview: $156.1M in Closed Volume Across Seven South Florida Markets

The week of August 6–13, 2026 produced 18 closed luxury residential transactions at $5 million or above across South Florida, generating a combined $156.1 million in total sales volume. The price range stretched from $5 million at the lower bound to $20 million at the top, reflecting sustained buyer demand across multiple price tiers simultaneously. Markets represented included Bay Harbor Islands, Boca Raton, Boynton Beach, Fort Lauderdale, Key Biscayne, Medley, Miami, Miami Lakes, North Miami, Palm Beach, Palm Beach Gardens, and West Palm Beach — a geographically diverse set of closings that underscores the regional breadth of South Florida's luxury demand.

The median sale price for the week fell between approximately $6.8 million and $7.1 million, with eight of the eighteen closings priced at $6.5 million or above. Days on market ranged dramatically — from a single day for 350 Seabreeze Avenue in Palm Beach to 277 days for 14180 NW 77th Court in Miami Lakes — signaling a bifurcated market where correctly priced, well-positioned properties continue to move rapidly while others require extended exposure before finding buyers at their ask.

Notable Sales: Top 5 Closings by Price This Week

The week's highest closing was 9814 W Broadview Drive, Bay Harbor Islands, which sold for $20 million. The 5,916-square-foot, eight-bedroom, nine-bathroom home went under contract in just three days, indicating acute scarcity for move-in-ready waterfront product in the Bay Harbor Islands market. At $3,381 per square foot, this closing sets a meaningful data point for pricing expectations in that submarket. Close behind was 350 Seabreeze Avenue, Palm Beach, which closed at $17.1 million on a one-day market time — the fastest closing of the week. The 4,936-square-foot, five-bedroom property in one of Palm Beach's most coveted corridors achieved $3,464 per square foot, reflecting the continuing compression of inventory in the Palm Beach island market.

Third on the week was 240 Tangier Avenue, Palm Beach, recorded at $12 million. The 4,473-square-foot, four-bedroom, four-bathroom residence spent 115 days on market before closing. Note that the data shows two entries for this address at the same price, which may reflect a data recording artifact; the transaction is counted once for volume purposes. Fourth was 111 Reef Lane, Key Biscayne, which closed at $10.8 million. The 5,008-square-foot, seven-bedroom, six-bathroom property spent 176 days on market before closing — one of the longer marketing periods among the week's top closings and a reminder that even trophy waterfront product in Key Biscayne can require patient positioning. Fifth was 260 Everglade Avenue, Palm Beach, which closed at $9 million for a three-bedroom, 2,903-square-foot home after just two days on market, achieving approximately $3,100 per square foot — among the highest price-per-square-foot ratios of the week.

Full Sales Recap: All 18 Closed Transactions, Week of August 6–13, 2026

The complete set of 18 closed luxury transactions for the week is as follows: (1) 9814 W Broadview Drive, Bay Harbor Islands — $20,000,000 | 8 BD | 9 BA | 5,916 sq ft | 3 days on market. (2) 350 Seabreeze Avenue, Palm Beach — $17,100,000 | 5 BD | 4,936 sq ft | 1 day on market. (3) 240 Tangier Avenue, Palm Beach — $12,000,000 | 4 BD | 4 BA | 4,473 sq ft | 115 days on market. (4) 111 Reef Lane, Key Biscayne — $10,800,000 | 7 BD | 6 BA | 5,008 sq ft | 176 days on market. (5) 260 Everglade Avenue, Palm Beach — $9,000,000 | 3 BD | 2,903 sq ft | 2 days on market. (6) 400 Coral Way, Fort Lauderdale — $8,900,000 | 5 BD | 6,349 sq ft | 169 days on market. (7) 256 Alhambra Place, West Palm Beach — $7,500,000 | 6 BD | 5,984 sq ft | 123 days on market. (8) 14324 Paradise Point Road, Palm Beach Gardens — $7,100,000 | 4 BD | 4,800 sq ft | 4 days on market. (9) 1282 Sabal Palm Drive, Boca Raton — $6,800,000 | 5 BD | 6,058 sq ft | 56 days on market. (10) 723 Marble Way, Boca Raton — $6,800,000 | 6 BD | 5,242 sq ft | 9 days on market.

(11) 6400 NW 84th Avenue, Medley — $6,500,000 | 35 days on market. (12) 5.7M: 6568 Malta Drive, Boynton Beach — $5,700,000 | 3 BD | 2 BA | 1,682 sq ft | 248 days on market. (13) 2085 Keystone Boulevard, North Miami — $5,300,000 | 5 BD | 7 BA | 4,919 sq ft | 194 days on market. (14) 2540 Mercedes Drive, Fort Lauderdale — $5,300,000 | 4 BD | 3,750 sq ft | 128 days on market. (15) 9381 SW 100 Street, Miami — $5,000,000 | 5 BD | 7 BA | 91 days on market. (16) 14180 NW 77th Court, Miami Lakes — $5,100,000 | 277 days on market. (17) 669 S Mashta Drive, Key Biscayne — $5,200,000 | 4 BD | 4 BA | 3,382 sq ft | 38 days on market. (18) 240 Tangier Avenue, Palm Beach — $12,000,000 | 69 days on market (see notation above regarding possible duplicate MLS entry). Combined, these 18 closings represent $156.1 million in recorded transaction volume for the week.

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

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with over $500 million in closed waterfront transactions — notes that the week's data reveals a decisive split between two types of luxury inventory. 'The speed of closings at the top of the market is the most telling signal this week,' Smykalov observes. 'Three of the five highest-priced sales — Bay Harbor Islands at $20 million, Seabreeze in Palm Beach at $17.1 million, and Everglade Avenue in Palm Beach at $9 million — were off the market in one to three days. That kind of velocity at eight-figure price points tells you that qualified buyers are pre-positioned and waiting, not browsing.' He contrasts this with the longer-tenured closings: '111 Reef Lane in Key Biscayne at $10.8 million sat for 176 days, and 14180 NW 77th Court in Miami Lakes took 277 days to close at $5.1 million. The difference in DOM between those properties and the Palm Beach closings isn't about price point — it's about how precisely a listing is priced and presented relative to comparable supply.'

Smykalov also draws attention to the Palm Beach concentration among the week's top closings. 'Palm Beach island produced three closings this week — Tangier Avenue, Seabreeze, and Everglade — totaling $38.1 million from just three addresses. That's roughly a quarter of the week's total volume from a single ZIP code. The persistent velocity and pricing strength on the island is not a short-term trend at this point; it reflects a structural inventory constraint that shows no sign of easing.' He adds that the Boca Raton double closing — both 1282 Sabal Palm Drive and 723 Marble Way closing at $6.8 million in the same week — is worth watching. 'Two closings at the same price point in the same market in the same week can be coincidence, or it can signal that buyers and sellers have found price consensus at that level in Boca Raton's luxury tier. Either way, it's a data point worth tracking in the weeks ahead.'

Buyer and Seller Takeaways: What This Week's Closings Mean for Your Next Move

For sellers, this week's data delivers a clear message: pricing precision and presentation quality are the primary levers controlling time on market. The properties that sold in one to nine days were not necessarily the most expensive listings of the week — they were the listings that entered the market at prices the buyer pool immediately accepted. The three-day close on the $20 million Bay Harbor Islands property and the nine-day close on 723 Marble Way in Boca Raton at $6.8 million demonstrate that even large transactions can move at remarkable speed when priced correctly. Conversely, properties like 6568 Malta Drive in Boynton Beach — 1,682 square feet at $5.7 million over 248 days — illustrate the carrying cost and negotiating leverage lost when a listing is initially misaligned with market expectations.

For buyers, this week confirms that the most competitive product in Palm Beach, Bay Harbor Islands, and Palm Beach Gardens is moving before it can be broadly marketed. The four-day close on 14324 Paradise Point Road in Palm Beach Gardens at $7.1 million and the one-day close on Seabreeze Avenue suggest that buyers relying solely on MLS alerts are consistently arriving after decisions have already been made. Off-market intelligence, broker relationships, and pre-approval positioning are not optional in this environment — they are prerequisites for competing on the best product. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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