South Florida Luxury Market Report: 27 Homes Sold Over $5M, $328.4M in Total Volume — Week of September 26 to October 3, 2026

Week Overview: 27 Sales, $328.4M in Volume Across South Florida

The week of September 26 to October 3, 2026 produced 27 closed luxury transactions at or above $5 million across South Florida, spanning 17 cities from Coral Gables in Miami-Dade County north through Palm Beach and up to Stuart in Martin County. Total closed volume reached $328.4 million, underscoring the sustained depth of demand across multiple price tiers and geographies in the region's upper market.

Sale prices ranged from $5.5 million — recorded twice, at 4940 Cherry Laurel Lane in Delray Beach and at 755 Blue Rd in Coral Gables — to a week-high of $83.2 million at 1370 S Ocean Boulevard in Manalapan. The spread between floor and ceiling transactions exceeded $77 million, illustrating the extraordinary breadth of the South Florida luxury segment. Cities represented this week included Miami, Miami Beach, Coconut Grove, Coral Gables, Hialeah, North Miami, Lighthouse Point, Fort Lauderdale, Boca Raton, Delray Beach, Palm Beach, Manalapan, North Palm Beach, Palm Beach Gardens, Jupiter, Wellington, and Stuart.

Notable Sales: The Week's Top 5 Transactions by Price

The single largest close of the week — and one of the most significant recorded in South Florida in recent memory — was 1370 S Ocean Boulevard in Manalapan, which traded at $83.2 million. The nine-bedroom oceanfront estate spans 29,485 square feet on one of the most coveted stretches of barrier island on Florida's Atlantic coast. The property had been on the market for 491 days before closing, a timeline that reflects the patience required to match a trophy asset of this scale with the right buyer. The sale stands as a defining transaction for the Manalapan luxury segment. The second-largest sale of the week was 130 Brazilian Avenue in Palm Beach at $21.5 million. The six-bedroom, seven-bathroom residence measures 4,955 square feet and closed after just 14 days on market — a striking absorption rate for an eight-figure property on one of Palm Beach's most prestigious streets. Rounding out the top five: 11404 N Bayshore Drive in North Miami closed at $18.6 million, offering seven bedrooms, nine bathrooms, and 7,923 square feet after 171 days on market. Both 35 Spoonbill Road in Manalapan and 430 E Alexander Palm Road in Boca Raton closed at $17.3 million — the Manalapan property delivering 7,284 square feet across six bedrooms and seven bathrooms with zero days on market, while the Boca Raton transaction also closed immediately with no days on market recorded. Completing the top five is 246 Emerald Lane in Palm Beach at $16.1 million, a six-bedroom home spanning 4,844 square feet that closed after 174 days on market.

Full Sales List: All 27 Closings, September 26 – October 3, 2026

The complete roster of 27 closed luxury transactions this week is as follows: 1370 S Ocean Boulevard, Manalapan — $83.2M | 9 BD | 29,485 sq ft | 491 days on market. 130 Brazilian Avenue, Palm Beach — $21.5M | 6 BD | 7 BA | 4,955 sq ft | 14 days on market. 11404 N Bayshore Drive, North Miami — $18.6M | 7 BD | 9 BA | 7,923 sq ft | 171 days on market. 35 Spoonbill Road, Manalapan — $17.3M | 6 BD | 7 BA | 7,284 sq ft | 0 days on market. 430 E Alexander Palm Road, Boca Raton — $17.3M | 0 days on market. 246 Emerald Lane, Palm Beach — $16.1M | 6 BD | 4,844 sq ft | 174 days on market. 1616 Onaway Drive, Miami — $9.7M | 8 BD | 9 BA | 6,194 sq ft | 37 days on market. 5 Grove Isle Drive #504, Coconut Grove — $9.3M | 4 BD | 5 BA | 4,318 sq ft | 174 days on market. 2811 S Bayshore Drive #6A, Miami — $8.7M | 4 BD | 5 BA | 3,247 sq ft | 16 days on market. 112 Regatta Drive, Jupiter — $8.6M | 5 BD | 7 BA | 5,665 sq ft | 0 days on market. 14662 Watermark Way, Palm Beach Gardens — $7.7M | 6 BD | 7 BA | 5,715 sq ft | 121 days on market. 2940 Oak Avenue, Miami — $7.5M | 359 days on market. 7034 SE Harbor Circle, Stuart — $7.5M | 4 BD | 6 BA | 7,205 sq ft | 116 days on market. 3164 Casseekey Island Road, Jupiter — $6.8M | 4 BD | 4,381 sq ft | 191 days on market. 4550 N Jefferson Avenue, Miami Beach — $6.8M | 5 BD | 6 BA | 4,000 sq ft | 91 days on market. 2801 NE 36th Street, Lighthouse Point — $6.8M | 5 BD | 7 BA | 5,484 sq ft | 99 days on market. 700 NE 24th Street #6003, Miami — $6.5M | 5 BD | 5,010 sq ft | 56 days on market. 11707 Maidstone Drive, Wellington — $6.3M | 6 BD | 8 BA | 8,950 sq ft | 0 days on market. 245 Colonial Lane, Palm Beach — $6.1M | 3 BD | 2 BA | 1,829 sq ft | 14 days on market. 11191 Ellison Wilson Road, North Palm Beach — $6.0M | 3 BD | 2 BA | 1,372 sq ft | 1 day on market. 9830 SW 77th Avenue, Miami — $5.7M | 34 days on market. 7 Pelican Drive, Fort Lauderdale — $5.8M | 7 BD | 6,301 sq ft | 31 days on market. 4940 Cherry Laurel Lane, Delray Beach — $5.5M | 4 BD | 4,786 sq ft | 0 days on market. 755 Blue Road, Coral Gables — $5.5M | 5 BD | 6 BA | 5,575 sq ft | 237 days on market. 4355 W 16th Avenue, Hialeah — $10.3M | 82 days on market. 655 Buttonwood Lane, Miami — $10.3M | 3 BD | 3 BA | 2,322 sq ft | 94 days on market. 3164 Casseekey Island Road, Jupiter — $6.8M | 52 days on market.

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

This week's data presents a nuanced picture of a market operating on multiple speeds simultaneously. At one end, seven properties closed with zero or one day on market — including the $17.3 million Manalapan estate at 35 Spoonbill Road and the $8.6 million Jupiter waterfront at 112 Regatta Drive — pointing to a core of highly motivated, pre-positioned buyers who are transacting before properties formally hit the open market. At the other end, several significant assets carried extended listing histories: 2940 Oak Avenue in Miami sat 359 days before closing at $7.5 million, 755 Blue Road in Coral Gables accumulated 237 days, and the Manalapan trophy at 1370 S Ocean Boulevard required 491 days to find its buyer. The coexistence of these extremes within a single week illustrates that in the $5M-and-above tier, price discovery and buyer patience are not uniform — they are highly property-specific.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, interprets this week's data as evidence of a market that continues to reward precision pricing and authentic scarcity. 'What stands out to me this week is the Palm Beach corridor,' Smykalov notes. 'You have 130 Brazilian Avenue closing at $21.5 million in 14 days, and 245 Colonial Lane moving in the same 14-day window at $6.1 million — those are very different price points but the same message: well-positioned Palm Beach inventory is being absorbed quickly. Meanwhile, the $83.2 million Manalapan close confirms that the ultrapremium oceanfront buyer is still very much present in this market. That transaction alone moves the week's volume needle significantly, and it validates what we've been seeing in off-market conversations — generational estates on the Atlantic are still attracting capital at levels that would have seemed extraordinary even two years ago.' Smykalov also flagged the geographic breadth of this week's closings as notable: 'Seventeen cities in one week above $5 million — that's not a Miami story or a Palm Beach story. That's a South Florida story, and it tells you that the demand base has genuinely diversified.'

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

For sellers, this week's data reinforces that pricing strategy remains the single greatest determinant of time-to-close. Properties that closed in zero to 14 days were concentrated in the $5.5 million to $21.5 million range, suggesting that accurately priced assets in strong location categories continue to find buyers rapidly. However, the week also shows that overpriced or highly specialized inventory — as illustrated by the 359-day Oak Avenue close and the 491-day Manalapan transaction — will eventually trade, but at the cost of significant carrying time and market exposure. Sellers entering the market this fall should treat these extended timelines as calibration benchmarks, not as acceptable targets.

For buyers, the presence of seven immediate or near-immediate closings confirms that the most competitive opportunities in South Florida luxury are not reaching public listing platforms before committed buyers have already acted. Markets like Jupiter, Manalapan, Palm Beach, and Coconut Grove continue to see off-market or pre-market activity driving a meaningful share of volume. Buyers at the $6 million to $20 million threshold in particular should be working with brokers who have active seller networks in their target submarkets — waiting for days-on-market to accumulate is increasingly a strategy that forfeits the best inventory. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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