South Florida Luxury Market Report: 26 Homes Sold Over $5M, $321.4M in Total Volume Week of September 22–29, 2026

Week Overview: $321.4M Across 26 Luxury Closings

The week of September 22–29, 2026 produced 26 verified closed sales at or above $5 million across South Florida's primary luxury corridor, totaling $321.4 million in combined volume. Prices ranged from $5.1 million at the entry point to $33 million at the top, reflecting a healthy spread of activity across both the ultra-high-end and the broader luxury tier. The average sale price for the week came in at approximately $12.4 million, while the median settled near $10.65 million, driven upward by a concentration of eight-figure transactions.

Geographically, the week's closings spanned ten distinct cities and communities: Miami Beach, Boca Raton, West Palm Beach, Fort Lauderdale, Stuart, Sunny Isles Beach, Wellington, Gulf Stream, Jensen Beach, Weston, North Miami Beach, Delray Beach, Palm Beach, and Miami. Boca Raton led all markets with seven closed sales, followed by Miami Beach with four and West Palm Beach with three. The breadth of activity — from Fisher Island to Stuart's Treasure Coast — signals that South Florida's luxury demand is not concentrated in any single submarket but remains broadly distributed along the waterfront corridor.

Notable Sales: Top 5 Closings by Price

The week's highest-priced transaction was 126 W San Marino Drive in Miami Beach, which closed at $33 million after just 35 days on the market. The 5-bedroom, 7-bath residence spans 7,890 square feet and represents one of the strongest single-family waterfront closings recorded in Miami Beach this calendar year. The 35-day market time signals strong pre-qualified buyer interest and limited negotiating room in the upper tier. Close behind was 3016 SE Dune Drive in Stuart, which closed at $32.5 million after 270 days on market. The 5-bedroom estate encompasses 11,606 square feet and stands as the largest home by square footage to close this week, illustrating that patience on the seller side can still yield premium outcomes on the Treasure Coast. The third-largest close was 205 N Hibiscus Drive in Miami Beach at $22 million — a 4-bedroom, 3-bath property of 4,097 square feet that went under contract after only 3 days on market, indicating an off-market or pocket listing dynamic that compressed the listed timeline dramatically.

Fourth on the list was 2989 Spanish River Road in Boca Raton, closing at $22.5 million. This 6-bedroom, 11-bath estate at 12,055 square feet is the largest home by bedroom count and bath count among the week's top closings, and it spent 172 days on market before finding a buyer — a reasonable absorption period for an asset at this price point in Boca's Royal Palm Yacht & Country Club neighborhood. Rounding out the top five, 6800 Fisher Island Drive #6811 closed at $17 million with zero days on market recorded, consistent with a pre-arranged or off-market transaction on one of the most exclusive private islands in the United States. The 4-bedroom, 5-bath condominium unit totals 4,231 square feet and reflects the persistent institutional-quality demand Fisher Island commands year-round.

Full Sales List: All 26 Closings, September 22–29, 2026

The complete roster of closed luxury sales this week, listed in descending order by price, is as follows: 126 W San Marino Drive, Miami Beach — $33M, 5 BD/7 BA, 7,890 sq ft, 35 DOM; 3016 SE Dune Drive, Stuart — $32.5M, 5 BD, 11,606 sq ft, 270 DOM; 2989 Spanish River Road, Boca Raton — $22.5M, 6 BD/11 BA, 12,055 sq ft, 172 DOM; 205 N Hibiscus Drive, Miami Beach — $22M, 4 BD/3 BA, 4,097 sq ft, 3 DOM; 2914 N Flagler Drive, West Palm Beach — $20.1M, 7 BD/9 BA, 9,524 sq ft, 367 DOM; 6800 Fisher Island Drive #6811, Miami Beach — $17M, 4 BD/5 BA, 4,231 sq ft, 0 DOM; 133 W Coconut Palm Road, Boca Raton — $15.7M, 6 BD/9 BA, 8,439 sq ft, 124 DOM; 2312 Appaloosa Trail, Wellington — $13.7M, 6 BD, 8,084 sq ft, 284 DOM; 217 Thatch Palm Drive, Boca Raton — $13.2M, 6 BD/8 BA, 8,548 sq ft, 65 DOM; 111 Seagate Road, Palm Beach — $12M, 4 BD/5 BA, 3,835 sq ft, 1 DOM; 2820 Brickell Avenue, Miami — $11.5M, 6 BD/7 BA, 6,522 sq ft, 44 DOM; 210 Cortez Road, West Palm Beach — $11.1M, 6 BD, 6,289 sq ft, 377 DOM; 2924 Bluewater Cove, Gulf Stream — $11.1M, 4 BD, 4,651 sq ft, 0 DOM; 1333 S Flagler Drive #2302, West Palm Beach — $10.2M, 4 BD, 4,440 sq ft, 0 DOM; 1455 N Park Drive, Weston — $8.1M, 1,414 DOM; 15701 Collins Ave #3005, Sunny Isles Beach — $7.7M, 4 BD/6 BA, 3,204 sq ft, 25 DOM; 1877 Royal Palm Way, Boca Raton — $7M, 4 BD, 4,341 sq ft, 38 DOM; 2950 NE 164th Street, North Miami Beach — $7M, 5 BD/6 BA, 5,796 sq ft, 1,023 DOM; 15701 Collins Ave #2005, Sunny Isles Beach — $6.8M, 4 BD/6 BA, 3,204 sq ft, 123 DOM; 8036 S Ocean Drive, Jensen Beach — $6.7M, 5 BD, 7,679 sq ft, 10 DOM; 23133 Sandalfoot Plaza Drive, Boca Raton — $5.8M, 230 DOM; 215 Palm Avenue, Miami Beach — $5.8M, 4 BD/6 BA, 5,241 sq ft, 162 DOM; 4940 Cherry Laurel Lane, Delray Beach — $5.5M, 4 BD, 4,786 sq ft, 0 DOM; 3061 NE 44th Street, Fort Lauderdale — $5.4M, 5 BD, 7,358 sq ft, 674 DOM; 6949 Lake Estates Court, Boca Raton — $5.1M, 6 BD/6 BA, 5,949 sq ft, 48 DOM; 3097–3095 Banyan Road, Boca Raton — $5.1M, 4 BD, 2,986 sq ft, 30 DOM.

Of the 26 closings, five recorded zero days on market, suggesting pre-arranged or off-market transactions. Four properties exceeded 270 days on market before closing — 3016 SE Dune Drive (270 DOM), 2312 Appaloosa Trail (284 DOM), 210 Cortez Road (377 DOM), 2914 N Flagler Drive (367 DOM), 3061 NE 44th Street (674 DOM), 1455 N Park Drive (1,414 DOM), and 2950 NE 164th Street (1,023 DOM) — highlighting that even legacy-priced inventory eventually transacts in a liquid market. The two Sunny Isles Beach condominiums at 15701 Collins Avenue (units #3005 and #2005) closed at $7.7M and $6.8M respectively in the same week, a notable simultaneous absorption event within a single tower.

Market Commentary: What This Week's Data Reveals

The week's $321.4 million in aggregate volume reflects a market that continues to absorb inventory across all price points within the luxury tier — including assets that spent well over a year awaiting the right buyer. The presence of seven zero-to-one DOM closings alongside sales that lingered for 674, 1,023, and 1,414 days illustrates the bifurcated nature of South Florida's luxury landscape: well-priced, move-in-ready properties move with urgency, while aspirationally priced or niche assets — large equestrian parcels, commercial-adjacent parcels, or highly customized compounds — require patient capital and a narrower buyer pool. The dual Fisher Island and Sunny Isles Beach closings also reinforce the strength of the branded luxury condominium segment, which continues to serve as both a primary residence and capital preservation vehicle for international buyers.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the week's concentration of closings in Boca Raton — seven transactions ranging from $5.1 million to $22.5 million — reflects an ongoing re-rating of the market east of the Intracoastal, particularly along Spanish River Road, Royal Palm Way, and Coconut Palm Road, where estate-scale inventory is being absorbed faster than replacement supply can be built. 'What we're seeing in Boca this week is not incidental,' Smykalov observes. 'Seven closings in a single week above five million, with the top sale at $22.5 million, tells you that qualified buyers are making decisive moves before the fall inventory window closes. The 172-day absorption on Spanish River Road is actually tighter than we'd expect for a twelve-thousand-square-foot asset in that range.' He also points to the simultaneous closings at 1333 S Flagler Drive and 2924 Bluewater Cove in Gulf Stream — both at zero days on market — as evidence that the most compelling waterfront addresses along the Palm Beach County Intracoastal are trading in private channels before they ever reach public listing status.

Buyer and Seller Takeaways: What This Week Means for the Market

For sellers, this week's data offers a clear message: the market rewards accurate pricing and presentation. The five zero-DOM closings and the 3-day close on 205 N Hibiscus Drive — at $22 million — demonstrate that ultra-high-net-worth buyers are active, pre-positioned, and capable of moving immediately when the right asset surfaces. Conversely, the seven properties that required 270 or more days to close all ultimately transacted, confirming that patience and willingness to hold carry their own reward, provided the asset has genuine underlying value. Sellers considering listing high-ticket waterfront or estate properties this fall should weigh current absorption rates carefully — Boca Raton, Miami Beach, and West Palm Beach are all showing sub-60-day median times for accurately priced assets.

For buyers, the week underscores the premium placed on off-market access. Five of the 26 closings recorded zero days on market, meaning those transactions were never publicly available to buyers working solely through standard MLS searches. At price points above $10 million, the probability of a compelling asset trading privately — before any public listing — increases substantially. The dual Sunny Isles closings also signal opportunity in the branded tower segment, where two comparable units in the same building closed within the same week, potentially setting a new comparable benchmark for remaining inventory in that tower. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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