South Florida Luxury Market Report: 24 Homes Sold Over $5M, $309.1M in Total Volume Week of September 19–26, 2026

Week Overview: $309.1M Across 24 Luxury Closings

The week of September 19–26, 2026 produced 24 confirmed closed sales at or above $5 million across South Florida, totaling $309.1 million in combined transaction volume. The price range extended from $5 million at 5603 Whirlaway Road in Palm Beach Gardens to $33 million at 126 W San Marino Drive in Miami Beach. The median sale price for the week came in at approximately $11.1 million, reflecting a market that continues to transact robustly at the upper end of the luxury spectrum.

Cities represented in this week's closings include Miami Beach, Miami, Boca Raton, West Palm Beach, Fort Lauderdale, Palm Beach, Stuart, Jensen Beach, Sunny Isles Beach, Weston, Wellington, Gulf Stream, North Miami Beach, and Palm Beach Gardens — a geographically diverse set of closings that underscores demand across the full South Florida luxury corridor from Miami-Dade through Palm Beach County and into the Treasure Coast.

Notable Sales: Top 5 Closings by Price

The week's highest-priced closing was 126 W San Marino Drive, Miami Beach, FL 33139, which traded at $33 million after just 35 days on market. The five-bedroom, seven-bathroom home spans 7,890 square feet and represents one of the strongest per-square-foot realizations of the week, closing at approximately $4,183 per square foot. Coming in second was 3016 SE Dune Drive, Stuart, FL 34996, a 5-bedroom, 11,606-square-foot estate that closed at $32.5 million after 270 days on market — a result that signals continued appetite for large-format waterfront estates on the Treasure Coast despite an extended marketing period. Third was 2989 Spanish River Road, Boca Raton, FL 33432, which closed at $22.5 million. The six-bedroom, 11-bathroom home totals 12,055 square feet and had been on the market for 172 days, closing at roughly $1,867 per square foot.

Rounding out the top five, 205 N Hibiscus Drive, Miami Beach, FL 33139 closed at $22 million after only three days on market — the second-fastest closing in the top five and a strong indicator of pre-marketed or off-market buyer interest for this four-bedroom, 4,097-square-foot property, which achieved approximately $5,370 per square foot. Fifth was 2914 N Flagler Drive, West Palm Beach, FL 33407, a seven-bedroom, nine-bathroom home spanning 9,524 square feet that closed at $20.1 million after 367 days on market, demonstrating that well-located large-format properties on Flagler Drive ultimately find their buyers even when the path to closing is extended.

Full Sales List: All 24 Closings for the Week of September 19–26, 2026

The complete list of 24 confirmed closed sales at or above $5 million for the week is as follows: (1) 126 W San Marino Dr, Miami Beach — $33,000,000 | 5 BD | 7 BA | 7,890 sq ft | 35 DOM. (2) 3016 SE Dune Drive, Stuart — $32,500,000 | 5 BD | 11,606 sq ft | 270 DOM. (3) 2989 Spanish River Road, Boca Raton — $22,500,000 | 6 BD | 11 BA | 12,055 sq ft | 172 DOM. (4) 205 N Hibiscus Dr, Miami Beach — $22,000,000 | 4 BD | 3 BA | 4,097 sq ft | 3 DOM. (5) 2914 N Flagler Drive, West Palm Beach — $20,100,000 | 7 BD | 9 BA | 9,524 sq ft | 367 DOM. (6) 1421 N Venetian Way, Miami — $16,000,000 | 5 BD | 5 BA | 4,172 sq ft | 14 DOM. (7) 133 W Coconut Palm Road, Boca Raton — $15,700,000 | 6 BD | 9 BA | 8,439 sq ft | 124 DOM. (8) 2312 Appaloosa Trail, Wellington — $13,700,000 | 6 BD | 8,084 sq ft | 284 DOM. (9) 217 Thatch Palm Drive, Boca Raton — $13,200,000 | 6 BD | 8 BA | 8,548 sq ft | 65 DOM. (10) 111 Seagate Road, Palm Beach — $12,000,000 | 4 BD | 5 BA | 3,835 sq ft | 1 DOM.

(11) 2820 Brickell Ave, Miami — $11,500,000 | 6 BD | 7 BA | 6,522 sq ft | 44 DOM. (12) 210 Cortez Road, West Palm Beach — $11,100,000 | 6 BD | 6,289 sq ft | 377 DOM. (13) 2924 Bluewater Cove, Gulf Stream — $11,100,000 | 4 BD | 4,651 sq ft | 0 DOM. (14) 1333 S Flagler Drive #2302, West Palm Beach — $10,200,000 | 4 BD | 4,440 sq ft | 0 DOM. (15) 1455 N Park Dr, Weston — $8,100,000 | 1,414 DOM. (16) 15701 Collins Ave #3005, Sunny Isles Beach — $7,700,000 | 4 BD | 6 BA | 3,204 sq ft | 25 DOM. (17) 1877 Royal Palm Way, Boca Raton — $7,000,000 | 4 BD | 4,341 sq ft | 38 DOM. (18) 2950 NE 164th St, North Miami Beach — $7,000,000 | 5 BD | 6 BA | 5,796 sq ft | 1,023 DOM. (19) 15701 Collins Ave #2005, Sunny Isles Beach — $6,800,000 | 4 BD | 6 BA | 3,204 sq ft | 123 DOM. (20) 8036 S Ocean Drive, Jensen Beach — $6,700,000 | 5 BD | 7,679 sq ft | 10 DOM. (21) 23133 Sandalfoot Plaza Dr, Boca Raton — $5,800,000 | 230 DOM. (22) 3061 NE 44th Street, Fort Lauderdale — $5,400,000 | 5 BD | 7,358 sq ft | 674 DOM. (23) 6949 Lake Estates Court, Boca Raton — $5,100,000 | 6 BD | 6 BA | 5,949 sq ft | 48 DOM. (24) 5603 Whirlaway Road, Palm Beach Gardens — $5,000,000 | 5 BD | 7,202 sq ft | 245 DOM.

Market Commentary: What This Week's Data Reveals

Several meaningful patterns emerge from this week's 24 closings. First, the volume concentration in Boca Raton is striking: five separate transactions closed in Boca Raton alone — at $22.5 million, $15.7 million, $13.2 million, $7 million, and $5.1 million — accounting for roughly $64.2 million, or more than 20 percent of the week's total volume. That concentration in a single municipality reflects both the depth of qualified buyer demand in the Royal Palm Yacht and Country Club corridor and the availability of large-format estate inventory in the $5M–$25M band. Meanwhile, Miami Beach produced two closings totaling $55 million, both in under five weeks on market, signaling that waterfront and near-water product in Miami Beach priced correctly for the current environment moves decisively.

Denis Smykalov, Founder and Broker at Wolsen Waterfront — with more than $500 million in closed waterfront transactions — notes that this week's data tells a nuanced story about patience and precision. 'The contrast between the zero-days-on-market closings at Gulf Stream and West Palm Beach and the 1,414-day close in Weston illustrates exactly what we tell clients every week: pricing discipline and market positioning are everything in this bracket,' Smykalov observes. 'The $33 million Miami Beach close in 35 days and the $32.5 million Stuart estate after 270 days both cleared — but the carry cost and negotiating leverage are vastly different scenarios for the seller. What this week's aggregate data confirms is that South Florida luxury demand is real and broad-based, but it is not unconditional. Properties that are priced to the market transact. Properties that are not can sit for years, as the 674-day Fort Lauderdale close and the 1,023-day North Miami Beach close both demonstrate.'

Buyer and Seller Takeaways from This Week's Data

For sellers, this week's data provides a clear message: properties priced in alignment with current comparable sales and positioned with strong marketing infrastructure continue to transact, even in what is historically a softer seasonal window heading into late September. The 35-day Miami Beach close at $33 million, the 3-day Miami Beach close at $22 million, and the same-day closings in Gulf Stream and West Palm Beach all confirm that motivated, well-capitalized buyers are active and ready to move when the right property surfaces. However, sellers who test the market at aspirational prices risk joining the inventory of listings that accumulate days-on-market and ultimately close at discounts after extended negotiations.

For buyers, the presence of multiple properties in this week's close list that carried 200-plus days on market — including the 270-day Stuart estate at $32.5 million, the 284-day Wellington equestrian property at $13.7 million, and the 377-day West Palm Beach close at $11.1 million — signals that negotiating leverage exists on properties that have struggled to find their buyer. Buyers who are tracking specific submarkets, property types, or waterfront configurations may find that the current environment rewards patience and research over speed. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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