South Florida Luxury Market Report: 19 Homes Sold Over $5M, $206.6M in Total Volume Week of August 13–20, 2026

Week Overview: $206.6M in Closed Luxury Volume Across Ten South Florida Markets

The week of August 13–20, 2026 produced 19 closed transactions at or above $5 million across South Florida, delivering a combined sales volume of $206.6 million. The price range extended from $5.3 million at the low end — represented by two properties, 1050 NE 3rd Avenue in Boca Raton and 3984 SE Old St Lucie Boulevard in Stuart — to $30.3 million at the top, claimed by a penthouse-level unit at 9001 Collins Avenue in Surfside. The median sale price for the week settled at approximately $7 million, reflecting consistent demand across the mid-tier luxury segment.

Ten distinct markets were represented in this week's closings: Coral Gables, Palm Beach, Lighthouse Point, Bal Harbour, West Palm Beach, Boca Raton, Palm Beach Gardens, Miami, North Palm Beach, Southwest Ranches, Surfside, Stuart, Pinecrest, and North Palm Beach. Palm Beach led all municipalities with four closings totaling $54.6 million, underscoring the island's continued dominance as a trophy-asset destination. Boca Raton followed with three closings worth $42.2 million combined, buoyed by two estate-scale single-family sales on Alexander Palm Road and Coconut Palm Road.

Notable Sales: Top 5 Closings by Price

The week's highest sale was Unit 1003 at 9001 Collins Avenue, Surfside — a four-bedroom, six-bathroom residence spanning 4,235 square feet that closed at $30.3 million, equating to approximately $7,156 per square foot. The unit had been listed for 66 days, a relatively efficient timeline for an eight-figure condominium transaction. Coming in second was 127 Ocean View Road in Palm Beach, a four-bedroom, 7,255-square-foot estate that closed at $26.5 million after 132 days on market, reflecting a per-square-foot value of roughly $3,653. Third was 500 E Alexander Palm Road in Boca Raton, a five-bedroom, seven-bathroom home of 8,287 square feet that traded at $20 million — or approximately $2,413 per square foot — after 145 days on market. Fourth was 191 W Coconut Palm Road, also in Boca Raton, where a six-bedroom, 9,102-square-foot estate closed at $16.9 million after an extended 250 days on market, suggesting some price discovery was required before the deal was finalized.

Rounding out the top five was 6970 Sunrise Drive in Coral Gables, a six-bedroom, seven-bathroom home of 6,460 square feet that closed at $13 million after 179 days on market. While originally flagged in the source data as the top sale, the Surfside and Palm Beach closings surpassed it; Sunrise Drive nonetheless represents a landmark transaction for Coral Gables, where eight-figure single-family sales remain relatively rare. These five transactions alone accounted for $106.7 million — approximately 51.7 percent of the week's total volume — illustrating how a handful of trophy assets can define weekly market performance.

Full Sales Roster: All 19 Closings, Week of August 13–20, 2026

The complete list of closed luxury transactions this week is as follows: 9001 Collins Ave #1003, Surfside — $30.3M | 4 BD | 6 BA | 4,235 sq ft | 66 days on market. 127 Ocean View Road, Palm Beach — $26.5M | 4 BD | 7,255 sq ft | 132 days on market. 500 E Alexander Palm Road, Boca Raton — $20M | 5 BD | 7 BA | 8,287 sq ft | 145 days on market. 191 W Coconut Palm Road, Boca Raton — $16.9M | 6 BD | 9,102 sq ft | 250 days on market. 6970 Sunrise Dr, Coral Gables — $13M | 6 BD | 7 BA | 6,460 sq ft | 179 days on market. 250 Algoma Road, Palm Beach — $12.5M | 6 BD | 5,213 sq ft | 251 days on market. 160 Chilean Avenue, Palm Beach — $10.6M | 4 BD | 3,168 sq ft | 165 days on market. 2162 Radnor Road, North Palm Beach — $9.2M | 5 BD | 6 BA | 5,974 sq ft | 122 days on market. 1643 Brickell Ave #4102, Miami — $7M | 4 BD | 6 BA | 5,730 sq ft | 22 days on market. 9703 Collins Ave #1900, Bal Harbour — $7.3M | 3 BD | 4 BA | 2,721 sq ft | 224 days on market. 14474 Cypress Island Circle, Palm Beach Gardens — $6.8M | 4 BD | 5 BA | 3,868 sq ft | 4 days on market. 3181 NE 31st Avenue, Lighthouse Point — $6.9M | 5 BD | 5,036 sq ft | 0 days on market. 9703 Collins Ave #800, Bal Harbour — $6.2M | 2 BD | 2 BA | 2,721 sq ft | 93 days on market. 12220 Rock Garden Ln, Pinecrest — $6.6M | 7 BD | 6 BA | 6,065 sq ft | 105 days on market. 16850 Stratford Court, Southwest Ranches — $5.5M | 6 BD | 7 BA | 10,107 sq ft | 149 days on market. 285 Orange Grove Road, Palm Beach — $5.5M | 4 BD | 4 BA | 2,759 sq ft | 185 days on market. 201 Murray Road, West Palm Beach — $5.4M | 4 BD | 4,167 sq ft | 10 days on market. 1050 NE 3rd Avenue, Boca Raton — $5.3M | 5 BD | 4,772 sq ft | 197 days on market. 3984 SE Old St Lucie Boulevard, Stuart — $5.3M | 4 BD | 4,750 sq ft | 74 days on market.

Two properties in this week's roster are particularly notable for their velocity: 3181 NE 31st Avenue in Lighthouse Point recorded zero days on market at $6.9 million, indicating a pre-market or pocket transaction, while 14474 Cypress Island Circle in Palm Beach Gardens closed in just four days at $6.8 million — suggesting both listings either had pre-identified buyers or were brought to market with aggressive pricing. By contrast, 250 Algoma Road in Palm Beach required 251 days to close at $12.5 million, and 191 W Coconut Palm Road in Boca Raton took 250 days to find its buyer at $16.9 million, underscoring that even in premium zip codes, overpriced or highly specific inventory can face extended absorption periods.

Market Commentary: What This Week's Data Signals for South Florida Luxury

The week's 19 closings represent a notably active August for the South Florida luxury segment — a month that has historically seen seasonal softening as buyers retreat for summer travel. The $206.6 million in total volume, spread across ten distinct markets, points to broad-based demand rather than activity concentrated in a single corridor. The Surfside closing at $30.3 million — roughly $7,156 per square foot — is particularly significant, as it reaffirms that oceanfront condominium product in the Collins Avenue corridor continues to command globally competitive pricing on par with comparable assets in New York and Miami Beach.

Denis Smykalov, Founder and Broker of Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this week's data as a signal of a market in selective, high-conviction motion. 'What stands out this week is the divergence between assets that moved instantly and those that sat for six to eight months,' Smykalov notes. 'The Lighthouse Point closing at zero days on market and the Palm Beach Gardens deal at four days tell you there's a cohort of buyers who know exactly what they want and are ready to act — they just need the right property. Meanwhile, the 250-day closings in Palm Beach and Boca Raton show that even elite inventory has a price ceiling the market enforces. The data this week reinforces that correct pricing from day one is the single most important variable in compressing time to close, regardless of address.'

Buyer and Seller Takeaways: What This Week's Closings Mean for You

For sellers, this week's data delivers a clear message: the market rewards precision pricing and penalizes aspirational list prices with extended carry costs. The two properties that closed in four days or fewer were priced to transact, while several of the week's longest-tenured listings — some approaching nine months on market — ultimately closed only after meaningful price discovery. In a market where carrying costs on an eight-figure property are substantial, the cost of overpricing far exceeds any incremental gain from an aggressive initial ask. Sellers with waterfront and luxury estate product in Boca Raton, Palm Beach, and the Collins Avenue corridor should take note that buyers are active but disciplined.

For buyers, the geographic diversity of this week's closings — from Stuart in the north to Coral Gables in the south — reflects expanding opportunity across the region, not just in legacy zip codes. The Pinecrest closing at $6.6 million for a seven-bedroom, 6,065-square-foot home and the Southwest Ranches estate at $5.5 million for 10,107 square feet represent compelling value propositions relative to the per-square-foot benchmarks set by oceanfront condominiums. As the fall season approaches, motivated sellers with long-tenured listings may present negotiating leverage for buyers who move with urgency. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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