South Florida Luxury Market Report: 28 Homes Sold Over $5M, $334.6M in Total Volume, Week of September 27–October 4, 2026

Week Overview: 28 Closings, $334.6M in Volume Across 16 Markets

The week of September 27 through October 4, 2026 produced 28 confirmed closed sales at or above $5 million across South Florida, totaling $334.6 million in combined volume. Sales prices ranged from $5.5 million at the low end to $83.2 million at the high end, reflecting the full spectrum of the region's luxury inventory. The 28 transactions spanned 16 distinct cities and communities, including Miami, Palm Beach, Manalapan, Jupiter, Coral Gables, Coconut Grove, Boca Raton, Fort Lauderdale, Lighthouse Point, North Miami, North Palm Beach, Bal Harbour, Stuart, Wellington, Hialeah, Delray Beach, and Palm Beach Gardens.

Off-market velocity was a defining characteristic of the week. Four of the 28 sales closed in zero days on market — meaning they were sold before or immediately upon listing — including the $17.3 million Manalapan estate at 35 Spoonbill Road, the $8.6 million Jupiter waterfront at 112 Regatta Drive, the $5.5 million Delray Beach property at 4940 Cherry Laurel Lane, and the $6.3 million Wellington estate at 11707 Maidstone Drive. At the other end of the absorption spectrum, several properties required extended marketing periods before finding buyers, with the top sale at 1370 S Ocean Boulevard spending 491 days on market before closing at $83.2 million.

Notable Sales: The Week's Five Largest Closings

The week's largest transaction — and one of the most significant residential closings in Palm Beach County in recent memory — was 1370 S Ocean Boulevard in Manalapan, which closed at $83.2 million. The oceanfront estate spans 29,485 square feet with 9 bedrooms across a lot fronting the Atlantic, and spent 491 days on market before finding its buyer. Second on the list was 130 Brazilian Avenue in Palm Beach, which sold for $21.5 million. That property offered 6 bedrooms and 7 bathrooms across 4,955 square feet and closed in just 14 days, indicating strong pre-launch buyer interest in the Palm Beach Town market. Third was 11404 N Bayshore Dr in North Miami at $18.6 million, a 7-bedroom, 9-bathroom waterfront home spanning 7,923 square feet that spent 171 days on market before closing. The fourth-largest closing of the week was a tie at $17.3 million: 35 Spoonbill Road in Manalapan, a 6-bedroom, 7-bathroom estate of 7,284 square feet that sold in zero days, and 430 E Alexander Palm Road in Boca Raton, which also closed at $17.3 million with no days on market recorded and no bedroom or size data available in MLS at time of filing.

Rounding out the top five, 246 Emerald Lane in Palm Beach closed at $16.1 million. That property offered 6 bedrooms across 4,844 square feet and had been on the market 174 days before closing. Together, these five transactions alone accounted for approximately $154.4 million of the week's $334.6 million in total volume — roughly 46 percent of the week's activity concentrated in just five properties across Manalapan, Palm Beach, North Miami, and Boca Raton.

Full Sales List: All 28 Transactions, Week of September 27–October 4, 2026

Below is the complete record of all 28 closed sales above $5 million reported in South Florida MLS data for the week of September 27 through October 4, 2026: (1) 1370 S Ocean Boulevard, Manalapan — $83.2M | 9 BD | 29,485 sq ft | 491 days on market. (2) 130 Brazilian Avenue, Palm Beach — $21.5M | 6 BD | 7 BA | 4,955 sq ft | 14 days on market. (3) 11404 N Bayshore Dr, North Miami — $18.6M | 7 BD | 9 BA | 7,923 sq ft | 171 days on market. (4) 35 Spoonbill Road, Manalapan — $17.3M | 6 BD | 7 BA | 7,284 sq ft | 0 days on market. (5) 430 E Alexander Palm Road, Boca Raton — $17.3M | 0 days on market. (6) 246 Emerald Lane, Palm Beach — $16.1M | 6 BD | 4,844 sq ft | 174 days on market. (7) 2940 Oak Ave, Miami — $7.5M | 359 days on market. (8) 655 Buttonwood Ln, Miami — $10.3M | 3 BD | 3 BA | 2,322 sq ft | 94 days on market. (9) 4355 W 16th Ave, Hialeah — $10.3M | 82 days on market. (10) 5 Grove Isle Dr # 504, Coconut Grove — $9.3M | 4 BD | 5 BA | 4,318 sq ft | 174 days on market. (11) 2811 S Bayshore Dr # 6A, Miami — $8.7M | 4 BD | 5 BA | 3,247 sq ft | 16 days on market. (12) 112 Regatta Drive, Jupiter — $8.6M | 5 BD | 7 BA | 5,665 sq ft | 0 days on market. (13) 1616 Onaway Dr, Miami — $9.7M | 8 BD | 9 BA | 6,194 sq ft | 37 days on market. (14) 14662 Watermark Way, Palm Beach Gardens — $7.7M | 6 BD | 7 BA | 5,715 sq ft | 121 days on market. (15) 7034 SE Harbor Circle, Stuart — $7.5M | 4 BD | 6 BA | 7,205 sq ft | 116 days on market. (16) 3164 Casseekey Island Road, Jupiter — $6.8M | 4 BD | 4,381 sq ft | 191 days on market. (17) 4550 N Jefferson Ave, Miami Beach — $6.8M | 5 BD | 6 BA | 4,000 sq ft | 91 days on market. (18) 2801 NE 36th Street, Lighthouse Point — $6.8M | 5 BD | 7 BA | 5,484 sq ft | 99 days on market. (19) 700 NE 24th Street # 6003, Miami — $6.5M | 5 BD | 5,010 sq ft | 56 days on market. (20) 11707 Maidstone Drive, Wellington — $6.3M | 6 BD | 8 BA | 8,950 sq ft | 0 days on market. (21) 9703 Collins Ave # 600, Bal Harbour — $6.3M | 3 BD | 4 BA | 2,721 sq ft | 141 days on market. (22) 245 Colonial Lane, Palm Beach — $6.1M | 3 BD | 2 BA | 1,829 sq ft | 14 days on market. (23) 11191 Ellison Wilson Road, North Palm Beach — $6.0M | 3 BD | 2 BA | 1,372 sq ft | 1 day on market. (24) 9830 SW 77th Ave, Miami — $5.7M | 34 days on market. (25) 7 Pelican Drive, Fort Lauderdale — $5.8M | 7 BD | 6,301 sq ft | 31 days on market. (26) 4940 Cherry Laurel Lane, Delray Beach — $5.5M | 4 BD | 4,786 sq ft | 0 days on market. (27) 755 Blue Rd, Coral Gables — $5.5M | 5 BD | 6 BA | 5,575 sq ft | 237 days on market. (28) 3164 Casseekey Island Road, Jupiter — $6.8M | 52 days on market (note: this address appears twice in source MLS data with differing days on market figures; both records are reported as received).

The 28 closings represent a geographically diverse cross-section of South Florida luxury demand, with Miami-area properties — including Coconut Grove, Miami Beach, Coral Gables, and Hialeah — accounting for the largest share of individual transactions, while Palm Beach and Manalapan drove the week's highest price points.

Market Commentary: What This Week's Data Signals

The week's data tells a bifurcated story. On one side, four properties closed with zero days on market, confirming that the most desirable assets in South Florida — particularly in Manalapan, Jupiter, Wellington, and Delray Beach — are trading through private networks before they ever appear publicly. On the other side, a significant share of this week's closings required 90 to 491 days to find buyers, suggesting that overpriced or uniquely positioned trophy assets still demand patience and price discovery even in a supply-constrained market. Denis Smykalov, Founder and Broker at Wolsen Waterfront with over $500 million in closed waterfront transactions, notes that the week's concentration of nine-figure and eight-figure closings in Manalapan is not coincidental. 'Manalapan has emerged as Palm Beach County's ultra-prime corridor for buyers who want direct ocean or Intracoastal frontage with extreme privacy,' Smykalov explains. 'The zero-days-on-market close at 35 Spoonbill Road alongside the $83.2 million close at 1370 S Ocean in the same week tells you that both ends of the Manalapan market — the achievable eight-figures and the generational nine-figures — are active simultaneously. That kind of depth is rare.'

Smykalov also points to the Miami submarket's volume as a signal of sustained urban luxury demand. 'Miami proper had six closings this week ranging from $5.7 million to $10.3 million across Coconut Grove, Coral Gables, and the Upper Eastside corridor,' he observes. 'The Grove and adjacent neighborhoods continue to absorb inventory at a pace that outperforms the broader market, particularly for large single-family homes like the $9.7 million close at 1616 Onaway Drive.' The week's average price per closed transaction — approximately $11.95 million — reflects the outsized influence of the Manalapan mega-sale, but even excluding 1370 S Ocean Boulevard, the remaining 27 sales averaged roughly $9.3 million, consistent with a market operating well above its pre-2021 baseline.

Buyer and Seller Takeaways: What This Week Means for You

For sellers, this week's data underscores that preparation and pricing precision remain the sharpest tools in the market. Properties that sold in zero days at 35 Spoonbill Road, 112 Regatta Drive, 11707 Maidstone Drive, and 4940 Cherry Laurel Lane all had one thing in common: they were priced to reflect current market conditions, not seller aspirations anchored to 2022 peak comps. By contrast, 2940 Oak Ave in Miami sat 359 days before closing at $7.5 million, and 755 Blue Road in Coral Gables spent 237 days on market before finding a buyer at $5.5 million. In a market with this level of active competition at $5 million to $25 million, time on market is not neutral — it signals price resistance and erodes negotiating leverage.

For buyers, the week's data reveals that off-market access and speed remain decisive advantages. Four of the 28 closings never appeared publicly before selling. Buyers who rely solely on active MLS listings are, by definition, missing a material share of the available market. The Palm Beach corridor — spanning Palm Beach Town, Manalapan, North Palm Beach, and Palm Beach Gardens — produced seven closings this week alone, totaling well over $130 million, confirming that buyer demand in that corridor remains exceptionally strong heading into the fourth quarter of 2026. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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