South Florida Luxury Market Report: 28 Homes Sold Over $5M, $253M in Total Volume, Week of August 26–September 2, 2026

Week Overview: $253M Across 28 Closings in 14 Markets

Twenty-eight residential properties priced at $5 million or above closed during the week of August 26 through September 2, 2026, producing a combined sales volume of $253.0 million. Prices ranged from $5.1 million at the low end — represented by three separate closings in Palm Beach Gardens, Boca Raton, and Hialeah — to a $40 million estate at 608 Island Drive in Palm Beach at the top. The median closing price across the 28 transactions was approximately $6.9 million.

Markets represented this week include Palm Beach, Jupiter Island, Jupiter, Fort Lauderdale, Boca Raton, Coral Gables, Miami, Miami Beach, Sunny Isles Beach, Palm Beach Gardens, Singer Island, Bal Harbour, Vero Beach, Plantation, Delray Beach, and Winter Park, reflecting the geographic breadth of active luxury demand stretching from the Florida Keys corridor northward through the Treasure Coast. Condominium, single-family, and estate-format transactions all featured in this week's data.

Notable Sales: The Week's Five Highest-Priced Closings

The week's top closing was 608 Island Drive, Palm Beach, FL 33480, which sold for $40,000,000. The five-bedroom, 5,912-square-foot estate went under contract in just 56 days, producing a price-per-square-foot of approximately $6,769 — among the highest achieved in Palm Beach in recent memory. The second-highest closing was 18714 Rio Vista Drive, Jupiter, FL 33469, a four-bedroom, 5,417-square-foot waterfront home that closed at $15,000,000 after only 32 days on the market, reflecting particularly strong buyer urgency in the Jupiter waterfront segment. Third was 5775 Collins Ave #1501, Miami Beach, FL 33140, a four-bedroom, six-bathroom condo spanning 3,443 square feet that sold for $13,600,000 after 168 days on market, equating to roughly $3,950 per square foot — a benchmark figure for the Collins Avenue luxury tower corridor.

Rounding out the top five, 570 Manor Road in Maitland/Winter Park, FL 32751, a six-bedroom, ten-bathroom estate of 10,172 square feet, closed at $11,300,000 after 317 days on market, demonstrating that patience can still yield results for well-positioned Central Florida luxury properties. Fifth on the list is 145 Harbour Way, Bal Harbour, FL 33154, a five-bedroom, seven-bathroom home of 3,142 square feet that closed at $11,200,000 after 203 days on market, producing a price-per-square-foot of approximately $3,566 in one of South Florida's most coveted enclaves. Also notable: 55 Links Road, Jupiter Island, FL 33455, listed by the data provider as the top sale at $11,100,000 for 3,938 square feet with four bedrooms, closed in 97 days — a continued signal of Jupiter Island's resilience as an ultra-prime enclave.

Full Closed Sales List: All 28 Transactions, Week of August 26–September 2, 2026

The complete list of closed sales at $5 million or above this week is as follows: 608 Island Drive, Palm Beach — $40,000,000 | 5 BD | 5,912 sq ft | 56 days on market. 18714 Rio Vista Drive, Jupiter — $15,000,000 | 4 BD | 5,417 sq ft | 32 days on market. 5775 Collins Ave #1501, Miami Beach — $13,600,000 | 4 BD | 6 BA | 3,443 sq ft | 168 days on market. 570 Manor Road, Maitland/Winter Park — $11,300,000 | 6 BD | 10 BA | 10,172 sq ft | 317 days on market. 145 Harbour Way, Bal Harbour — $11,200,000 | 5 BD | 7 BA | 3,142 sq ft | 203 days on market. 55 Links Road, Jupiter Island — $11,100,000 | 4 BD | 3,938 sq ft | 97 days on market. 303 S Maya Palm Drive, Boca Raton — $10,200,000 | 5 BD | 5,803 sq ft | 87 days on market. 2265/2255 Seaside Street, Vero Beach — $10,200,000 | 5 BD | 5,952 sq ft | 659 days on market. 2497 Abaco Ave, Miami — $9,500,000 | 7 BD | 9 BA | 5,677 sq ft | 148 days on market. 7381 NW 9th Street, Plantation — $8,600,000 | 3 BD | 2 BA | 2,091 sq ft | 9 days on market. 2839 NE 26th Place, Fort Lauderdale — $8,500,000 | 6 BD | 7 BA | 6,750 sq ft | 101 days on market. 1528 SE 11th Street, Fort Lauderdale — $8,400,000 | 5 BD | 4,935 sq ft | 118 days on market. 511 Silver Lane, Boca Raton — $8,200,000 | 5 BD | 4,874 sq ft | 57 days on market. 2130 S Miami Avenue, Miami — $7,700,000 | 6 BD | 5,890 sq ft | 51 days on market. 300 S Ocean Boulevard #1B, Palm Beach — $6,700,000 | 2 BD | 1,857 sq ft | 82 days on market. 17749 Collins Ave #3501, Sunny Isles Beach — $6,500,000 | 4 BD | 7 BA | 4,609 sq ft | 490 days on market. 19599 SE Turnbridge Drive #78, Jupiter — $6,300,000 | 5 BD | 3 BA | 3,681 sq ft | 22 days on market. 3551 Jonathans Harbour Drive, Jupiter — $6,100,000 | 3 BD | 3,947 sq ft | 55 days on market. 1180 Bimini Lane, Singer Island — $6,000,000 | 4 BD | 4,852 sq ft | 105 days on market. 1228 Alhambra Circle, Coral Gables — $5,600,000 | 6 BD | 5 BA | 4,319 sq ft | 77 days on market. 13060 Monet Lane, Palm Beach Gardens — $5,600,000 | 3 BD | 4,209 sq ft | 225 days on market. 450 NE 10th Street, Boca Raton — $5,400,000 | 5 BD | 5,578 sq ft | 370 days on market. 2 N Breakers Row #N25, Palm Beach — $5,400,000 | 3 BD | 3,084 sq ft | 379 days on market. 301 NE 7th Avenue, Delray Beach — $5,300,000 | 5 BD | 5,476 sq ft | 44 days on market. 18338 Guardian Circle, Boca Raton — $5,300,000 | 5 BD | 5,192 sq ft | 45 days on market. 11513 Green Bayberry Drive, Palm Beach Gardens — $5,100,000 | 4 BD | 5,625 sq ft | 153 days on market. 17165 Ave Le Rivage, Boca Raton — $5,100,000 | 5 BD | 6 BA | 6,086 sq ft | 8 days on market. 190 W 22nd Street, Hialeah — $5,100,000 | 68 days on market.

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

This week's 28 closings represent a wide cross-section of buyer profiles, price tolerances, and market patience. The $40 million Palm Beach closing at 608 Island Drive — completed in just 56 days — illustrates the acute scarcity of trophy waterfront product in Palm Beach proper and the willingness of ultra-high-net-worth buyers to move decisively when the right asset surfaces. Simultaneously, the Vero Beach double-parcel at 2265/2255 Seaside Street required 659 days to close at $10.2 million, while the Palm Beach condominium at 2 N Breakers Row sat 379 days before closing at $5.4 million. The spread between the fastest and slowest closings — 8 days for 17165 Ave Le Rivage in Boca Raton versus 659 days for the Vero Beach compound — speaks to the highly localized and product-specific nature of luxury demand right now.

Denis Smykalov, Founder and Broker at Wolsen Waterfront with more than $500 million in closed waterfront transactions, notes that the week's concentration of closings in the Jupiter and Boca Raton submarkets reflects a clear capital migration pattern among buyers seeking waterfront value relative to Palm Beach Island pricing. 'When you see three Jupiter closings in a single week ranging from $6.1 million to $15 million, and five Boca closings between $5.1 million and $10.2 million, that is not coincidence — those buyers are comparison-shopping against Palm Beach at $40 million and making a deliberate choice,' Smykalov observes. He also points to the $8.6 million Plantation closing at 7381 NW 9th Street — a three-bedroom, 2,091-square-foot property that moved in just nine days — as an outlier worth watching. 'A closing at that price point in Plantation with that square footage tells you there is a non-residential or land component driving valuation, and it cleared in under two weeks. That is a data point serious investors should not ignore.'

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

For sellers, this week's data delivers a nuanced message: the market rewards correct initial pricing and penalizes overreach with prolonged exposure. The seven closings that required more than 200 days on market — including properties in Vero Beach, Palm Beach, Sunny Isles Beach, and Winter Park — ultimately transacted, but at the cost of extended carrying time and negotiating leverage. By contrast, 17165 Ave Le Rivage in Boca Raton closed in eight days and 7381 NW 9th Street in Plantation closed in nine, suggesting that well-priced, well-positioned inventory still finds buyers immediately even in late August, historically a slower seasonal window.

For buyers, the 28 closings this week confirm that off-market and early-to-market opportunities remain the most competitive entry points. Three of the five highest-priced closings — Palm Beach at $40 million, Jupiter at $15 million, and the Jupiter enclave at $6.3 million — went under contract in 56 days or fewer, meaning the window between listing and contract was narrow. Buyers who are pre-positioned with financing clarity and local market intelligence are capturing these assets before they accumulate days on market. The Boca Raton and Jupiter corridors in particular warrant close monitoring, given the volume and velocity of closings in both markets this week. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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