South Florida Luxury Market Report: 18 Homes Sold Over $5M, $162.1M in Total Volume, Week of September 9–16, 2026

Week Overview: $162.1M Across 18 Luxury Closings, September 9–16, 2026

The week of September 9–16, 2026 produced 18 closed residential transactions at or above $5 million across South Florida's primary luxury corridors, combining for $162.1 million in total sales volume. Prices ranged from a $5.1 million townhouse in Coconut Grove to a $27.6 million waterfront estate on Di Lido Drive in Miami Beach, representing a $22.5 million spread within the week's activity alone.

Fourteen distinct cities and submarkets were represented in this week's data: West Palm Beach, Jupiter, North Palm Beach, Miami, Ocean Ridge, Coconut Grove, Bal Harbour, Pinecrest, Boca Raton, Key Largo, Stuart, Miami Beach, Coral Gables, and Delray Beach. The geographic breadth — from Monroe County's Upper Keys to Martin County's St. Lucie River — reflects the sustained, market-wide nature of South Florida luxury demand heading into the fall season.

Notable Sales: Top 5 Transactions by Price

The week's highest close was 320 W Dilido Drive in Miami Beach at $27.6 million. The 6-bedroom, 8-bathroom Di Lido Island estate had been on the market for 142 days before trading, consistent with the extended timelines typical for nine-figure-adjacent trophy properties. No square footage was reported in MLS, which is common for landmark waterfront homes of this caliber where condition, lot dimensions, and dock access drive valuation more than interior square footage alone. The second-highest transaction was 500 SE Indian Street in Stuart at $19 million — a notable off-market close recorded at zero days on market, signaling a pre-negotiated buyer relationship. No bedroom or square footage data was filed, which is characteristic of private, off-market structured deals.

The week's third-highest close was 1041 Seaspray Avenue in Delray Beach at $10.8 million — a 5-bedroom, 6-bathroom home spanning 5,092 square feet that spent 83 days on market, suggesting measured but ultimately decisive buyer interest. Fourth was 5001 Old Ocean Boulevard in Ocean Ridge at $9.8 million, a 4-bedroom, 5,179-square-foot oceanfront residence that also closed with zero days on market, pointing to an off-market or pre-listed transaction. Rounding out the top five, 11730 Lake Shore Place in North Palm Beach achieved $8.8 million at 4,408 square feet with 4 bedrooms and 5 bathrooms after 67 days of marketing — a strong price-per-square-foot outcome at approximately $1,997 per square foot for the North Palm Beach waterfront corridor.

Full Sales List: All 18 Closings, September 9–16, 2026

The complete list of closed transactions above $5 million for the week is as follows: 320 W Dilido Drive, Miami Beach — $27.6M | 6 BD | 8 BA | 142 days on market. 500 SE Indian Street, Stuart — $19M | 0 days on market (off-market). 1041 Seaspray Avenue, Delray Beach — $10.8M | 5 BD | 6 BA | 5,092 sq ft | 83 days on market. 5001 Old Ocean Boulevard, Ocean Ridge — $9.8M | 4 BD | 5,179 sq ft | 0 days on market (off-market). 11730 Lake Shore Place, North Palm Beach — $8.8M | 4 BD | 5 BA | 4,408 sq ft | 67 days on market. 95410 Overseas Highway, Key Largo — $15.3M | 6 BD | 3,862 sq ft | 193 days on market. 225 Seville Road, West Palm Beach — $7.1M | 4 BD | 4,996 sq ft | 172 days on market. 107 Nautical Way, Jupiter — $6.7M | 4 BD | 5 BA | 4,466 sq ft | 0 days on market. 300 NE 11th Street, Boca Raton — $6.7M | 6 BD | 6,032 sq ft | 459 days on market. 293 Sabal Palm Terrace, Boca Raton — $6.3M | 5 BD | 7 BA | 5,961 sq ft | 267 days on market.

Continuing: 349 Madeira Avenue #349, Coral Gables — $5.6M | 3 BD | 3 BA | 117 days on market. 345 Madeira Avenue #345, Coral Gables — $5.6M | 3 BD | 3 BA | 117 days on market (note: these two units at the same Coral Gables address closed simultaneously at identical prices, indicating a paired or portfolio transaction). 6290 SW 130th Terrace, Pinecrest — $5.5M | 7 BD | 8 BA | 7,028 sq ft | 125 days on market. 10295 Collins Avenue #2207, Bal Harbour — $5.8M | 3 BD | 4 BA | 3,289 sq ft | 2 days on market. 4504 Sheridan Avenue, Miami Beach — $5.8M | 5 BD | 6 BA | 3,646 sq ft | 276 days on market. 1425 Brickell Avenue, Miami — $5.4M | 3 BD | 5 BA | 3,449 sq ft | 162 days on market. 6900 Barquera Street, Coral Gables — $5.3M | 5 BD | 6 BA | 4,993 sq ft | 172 days on market. 2678 Tigertail Avenue #802, Coconut Grove — $5.1M | 4 BD | 5 BA | 3,024 sq ft | 110 days on market.

Market Commentary: What This Week's Data Reveals

Several structural patterns emerge from this week's 18 closings. Three transactions — 500 SE Indian Street in Stuart, 5001 Old Ocean Boulevard in Ocean Ridge, and 107 Nautical Way in Jupiter — closed at zero days on market, collectively representing roughly $32.5 million in volume transacted entirely off-market or through pre-arranged buyer relationships. This off-market activity at scale is a hallmark of a liquid, relationship-driven upper market where the most competitive assets never reach public listing status. At the opposite end, 300 NE 11th Street in Boca Raton closed after 459 days on market, and 4504 Sheridan Avenue in Miami Beach required 276 days — a reminder that even in a healthy market, pricing precision remains critical and overpriced inventory will sit.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this week's data as a clear bifurcation between assets with direct waterfront access or irreplaceable positioning and those without. 'The zero-days-on-market closings in Ocean Ridge, Jupiter, and Stuart tell you that buyers at this level are not waiting for listings to appear — they are working through relationships to identify and secure properties before they hit the MLS,' Smykalov notes. 'Meanwhile, the 267-day and 459-day closings in Boca Raton confirm that price discovery is still happening in real time. The market rewards correctly priced waterfront product immediately and punishes overpriced inventory with extended timelines regardless of the address.' Smykalov also flags the simultaneous close of the two paired Coral Gables units at 349 and 345 Madeira Avenue as likely evidence of a single investor or family-office buyer consolidating a larger contiguous residential footprint — a strategy increasingly visible in Coral Gables' tightest streets.

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

For sellers, this week's data presents a nuanced picture. Waterfront and trophy assets with clear locational premiums — oceanfront Ocean Ridge, Di Lido Island in Miami Beach, Seaspray Avenue in Delray Beach — are closing at strong absolute prices. However, days-on-market data for the $5M–$7M segment shows that properties in this tier are averaging well over 100 days before closing, which means pricing strategy at list is more important than ever. Sellers in Boca Raton, Miami Beach, and Coral Gables in particular should study the spread between the fastest and slowest closings this week before setting an initial ask.

For buyers, the week's off-market volume is the most actionable signal. Three deals worth over $32 million closed without a single public day of exposure — meaning that waiting for MLS alerts alone means missing a substantial share of available inventory at this price point. Buyers in the $6M–$12M range targeting waterfront product in Palm Beach County and the Treasure Coast should be working with brokers who have direct relationships with potential sellers, not just access to public data. The Bal Harbour condo at 10295 Collins Avenue closed in just 2 days on market at $5.8 million, confirming that well-priced luxury condos in trophy buildings still generate immediate, multiple-buyer interest. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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