South Florida Luxury Market Report: 18 Homes Sold Over $5M, $165M in Total Volume, Week of September 10–17, 2026

Week Overview: $165M Across 18 Closings, Nine Cities, One Week

The South Florida luxury market recorded 18 closed sales at or above $5 million during the week of September 10–17, 2026, producing $165 million in aggregate volume. Sales prices ranged from $5.1 million — a four-bedroom condominium in Coconut Grove — to $27.6 million for a six-bedroom waterfront estate on West Dilido Drive in Miami Beach. The average sale price across all 18 transactions came in at approximately $9.17 million, while the median sat near $6.5 million, indicating a market that continues to generate activity across multiple luxury price tiers rather than clustering at one extreme.

Nine distinct cities were represented in the week's closings: Miami, Miami Beach, Coconut Grove, Coral Gables, Bal Harbour, Pinecrest, Boca Raton, Delray Beach, Ocean Ridge, Key Largo, and Stuart. Miami Beach alone accounted for four closings totaling more than $52 million, making it the single most active luxury municipality by both count and volume for the week. Boca Raton contributed three closings worth nearly $20 million combined, while Coral Gables posted three sales. The breadth of geographic activity signals sustained demand across the corridor from Coral Gables north through Palm Beach County and into the Treasure Coast.

Notable Sales: The Week's Five Largest Transactions

The week's most significant closing was 320 W Dilido Drive in Miami Beach, which traded at $27.6 million after 142 days on market. The six-bedroom, eight-bathroom estate — square footage not publicly disclosed — sits on one of Miami Beach's most coveted waterfront streets and represents the largest residential sale recorded in South Florida this week. Just south of it on the prestige spectrum, 500 SE Indian Street in Stuart closed at $19 million with zero days on market, signaling an off-market or pre-arranged transaction in the Treasure Coast's emerging ultra-luxury segment. No bedroom or square footage data was reported for the Stuart property, consistent with a deal struck before public listing. Third for the week was 95410 Overseas Highway in Key Largo, a six-bedroom compound on the Overseas Highway that closed at $15.3M after 193 days on market — a reflection of the patience often required in the Florida Keys trophy market, where buyer pools are narrower but motivation runs deep.

Rounding out the top five, 1041 Seaspray Avenue in Delray Beach closed at $10.8 million — a five-bedroom, six-bathroom home spanning 5,092 square feet that found its buyer after 83 days on market. This sale continues a string of nine-figure transactions in East Delray Beach's coastal neighborhoods, where demand from Palm Beach County's expanding ultra-high-net-worth population is actively repricing legacy waterfront stock. The fifth-largest closing of the week was 321 Ocean Drive Unit 200 in Miami Beach at $9.9 million, a four-bedroom, five-bathroom condominium with 3,745 square feet in one of South Beach's most high-profile boutique buildings. Notably, a companion unit in the same building — Unit 301 — closed at $8.7 million just one day after listing, underscoring deep pocketed demand in that specific address.

Full Sales Log: All 18 Closings, September 10–17, 2026

Below is the complete record of luxury closings for the week, sorted by sale price descending: (1) 320 W Dilido Dr, Miami Beach — $27.6M | 6 BD | 8 BA | 142 DOM; (2) 500 SE Indian Street, Stuart — $19.0M | 0 DOM; (3) 95410 Overseas Highway, Key Largo — $15.3M | 6 BD | 3,862 sq ft | 193 DOM; (4) 1041 Seaspray Avenue, Delray Beach — $10.8M | 5 BD | 6 BA | 5,092 sq ft | 83 DOM; (5) 321 Ocean Dr #200, Miami Beach — $9.9M | 4 BD | 5 BA | 3,745 sq ft | 176 DOM; (6) 5001 Old Ocean Boulevard, Ocean Ridge — $9.8M | 4 BD | 5,179 sq ft | 0 DOM; (7) 321 Ocean Dr #301, Miami Beach — $8.7M | 3 BD | 4 BA | 2,530 sq ft | 1 DOM; (8) 17787 Scarsdale Way, Boca Raton — $6.9M | 5 BD | 7 BA | 5,861 sq ft | 119 DOM; (9) 300 NE 11th Street, Boca Raton — $6.7M | 6 BD | 6,032 sq ft | 459 DOM; (10) 293 Sabal Palm Terrace, Boca Raton — $6.3M | 5 BD | 7 BA | 5,961 sq ft | 267 DOM.

(11) 6290 SW 130th Ter, Pinecrest — $5.5M | 7 BD | 8 BA | 7,028 sq ft | 125 DOM; (12) 10295 Collins Ave #2207, Bal Harbour — $5.8M | 3 BD | 4 BA | 3,289 sq ft | 2 DOM; (13) 4504 Sheridan Ave, Miami Beach — $5.8M | 5 BD | 6 BA | 3,646 sq ft | 276 DOM; (14) 349 Madeira Ave #349, Coral Gables — $5.6M | 3 BD | 3 BA | 117 DOM; (15) 345 Madeira Ave #345, Coral Gables — $5.6M | 3 BD | 3 BA | 117 DOM; (16) 1425 Brickell Ave, Miami — $5.4M | 3 BD | 5 BA | 3,449 sq ft | 162 DOM; (17) 6900 Barquera St, Coral Gables — $5.3M | 5 BD | 6 BA | 4,993 sq ft | 172 DOM; (18) 2678 Tigertail Ave #802, Coconut Grove — $5.1M | 4 BD | 5 BA | 3,024 sq ft | 110 DOM. Combined, these 18 transactions represent a diverse cross-section of South Florida luxury product types — waterfront estates, high-rise condominiums, gated community homes, and Keys compounds — all clearing the market within the same seven-day window.

Market Commentary: What This Week's Data Signals

Denis Smykalov, Founder and Broker of Wolsen Waterfront and author of more than $500 million in closed waterfront transactions, notes that the week's data tells a story in two distinct registers. 'The zero-days-on-market closings at Ocean Ridge and Stuart are the most telling data points of the week,' Smykalov observes. 'When a $9.8 million property in Ocean Ridge and a $19 million property in Stuart close without ever hitting the public MLS in a meaningful way, that tells you there is a layer of buyer demand operating entirely beneath the surface — buyers who are connected to inventory before it's announced. That is a seller's condition, not a buyer's market.' He adds that the simultaneous sale of Units 200 and 301 at 321 Ocean Drive in Miami Beach — closing within a day of each other at $9.9 million and $8.7 million respectively — is the kind of event that recalibrates per-square-foot benchmarks for the entire building and surrounding blocks.

Smykalov also flags the persistence of longer-days-on-market closings as a nuanced signal worth watching. '300 NE 11th Street in Boca Raton sat for 459 days before closing at $6.7 million. 293 Sabal Palm Terrace carried 267 days. 4504 Sheridan Avenue in Miami Beach took 276 days. These aren't failed listings — they're eventual closings at strong prices,' he explains. 'What they tell you is that the $5M-to-$7M price band in certain submarkets requires patience, correct pricing, and real marketing. The buyers are there, but they're disciplined. Sellers who price aspirationally and hold can still close, but the window is longer than it was in 2022.' Overall, Smykalov characterizes the week as evidence of a market that has matured without softening — one where product quality and pricing precision determine velocity, and where off-market relationships continue to drive the largest deals.

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

For sellers in the $5M–$7M range across Miami Beach, Boca Raton, and Coral Gables, this week's data reinforces that exits are achievable but require realistic pricing from day one. Properties that priced correctly — like the Bal Harbour unit at $5.8M that closed in two days, or the Ocean Ridge estate that closed without ever formally listing — moved fast. Properties that overreached spent six to fifteen months correcting course before a buyer emerged. The lesson is clear: in today's luxury market, the spread between an accurate list price and a fantasy list price is measured in months, not dollars.

For buyers, the presence of multiple zero-day and one-day listings among this week's closings is a direct signal to prioritize off-market access over portal browsing. Three of the 18 closings this week — including the $19 million Stuart estate and the $9.8 million Ocean Ridge compound — were effectively invisible to buyers relying solely on public MLS feeds. If a buyer's search strategy begins and ends with Zillow or Realtor.com, they are structurally excluded from a meaningful share of available inventory at the top of the market. The Delray Beach and Stuart transactions also indicate that the luxury frontier is actively expanding north of Miami-Dade, creating early-positioning opportunities in markets that are repricing in real time. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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