South Florida Luxury Real Estate Report: 24 Homes Sold Over $5M, $309.1M in Total Volume, Week of September 20–27, 2026

Week Overview: $309.1 Million in Closed Luxury Sales Across South Florida

The week of September 20–27, 2026 produced 24 closed residential transactions at or above the $5 million threshold, accumulating $309.1 million in combined sales volume. The price range stretched from a $5 million single-family close in Palm Beach Gardens to a $33 million Miami Beach estate, reflecting the full breadth of South Florida's ultra-luxury tier. Cities represented include Miami Beach, Miami, Boca Raton, West Palm Beach, Fort Lauderdale, Palm Beach, Palm Beach Gardens, Sunny Isles Beach, Stuart, Jensen Beach, Wellington, Gulf Stream, Weston, North Miami Beach, and Boca Raton — eleven distinct municipalities across Miami-Dade, Broward, Palm Beach, and Martin counties.

The median sale price for the week landed at approximately $11.1 million, anchored by multiple closings in the $10–$16 million band. Notably, three transactions closed with zero or just one day on market — 1333 S Flagler Drive #2302 in West Palm Beach ($10.2M, 0 DOM), 2924 Bluewater Cove in Gulf Stream ($11.1M, 0 DOM), and 111 Seagate Road in Palm Beach ($12M, 1 DOM) — signaling that pre-arranged or off-market activity continues to shape the top of the market. At the other end of the spectrum, 2950 NE 164th St in North Miami Beach closed after 1,023 days on market at $7 million, and 1455 N Park Dr in Weston required 1,414 days before its $8.1 million close.

Notable Sales: The Top Five Transactions of the Week

The week's highest close was 126 W San Marino Drive, Miami Beach, at $33 million. This five-bedroom, seven-bathroom residence spanning 7,890 square feet sold in just 35 days — an exceptionally fast absorption rate at this price point on one of Miami Beach's most coveted residential streets. It is the clear headline transaction of the week and a benchmark for the broader Miami Beach single-family waterfront segment. Following closely is 3016 SE Dune Drive in Stuart, which closed at $32.5 million after 270 days on market. At 11,606 square feet with five bedrooms, this Treasure Coast oceanfront estate is one of the largest and most significant closings in the Stuart market in recent memory, underscoring growing demand for privacy-oriented luxury beyond the traditional Miami-to-Palm Beach corridor.

Third on the list is 2989 Spanish River Road in Boca Raton, which traded at $22.5 million after 172 days. The property — 12,055 square feet with six bedrooms and eleven bathrooms — is one of the largest homes to close in Boca Raton this year. Fourth, 205 N Hibiscus Drive in Miami Beach sold for $22 million after only three days on market, confirming that quality inventory in Miami Beach's North Bay Road and Hibiscus Island corridor continues to attract highly motivated, pre-qualified buyers. Fifth, 2914 N Flagler Drive in West Palm Beach fetched $20.1 million after 367 days on the market — a 9,524-square-foot, seven-bedroom waterfront estate that underscores continued depth of demand for Intracoastal-facing properties in West Palm Beach, even when listings require patient marketing cycles.

Full Sales List: All 24 Closed Transactions, Week of September 20–27, 2026

The complete list of closed sales 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 About South Florida Luxury

Several structural themes emerge from this week's data. First, the breadth of geographic demand is notable: while Miami Beach and Boca Raton dominated by transaction count — with Miami Beach contributing two closings above $22 million and Boca Raton delivering four closes totaling over $62 million — meaningful volume also cleared in markets like Stuart, Jensen Beach, Wellington, and Gulf Stream. This distribution suggests that buyers are not exclusively targeting the established primary markets but are actively pursuing lifestyle-driven alternatives across the region. The Stuart close at $32.5 million is particularly significant, establishing a new high-water mark for visibility of the Treasure Coast market on the institutional luxury radar. Second, the bimodal distribution of days-on-market data — with several zero-DOM closings alongside properties that lingered for 1,000-plus days — illustrates that South Florida's luxury market is not monolithic. Correctly priced, well-positioned inventory is still moving with urgency, while overpriced or niche assets continue to face extended marketing periods regardless of the overall bullish tone.

Denis Smykalov, Founder and Broker at Wolsen Waterfront and the authority behind more than $500 million in closed waterfront transactions, interprets this week's data with characteristic precision: 'What stands out this week is the sheer concentration of Boca Raton closings — four transactions totaling over $62 million in a single seven-day window. That kind of cluster doesn't happen by accident. It reflects a deep, liquid buyer pool in Royal Palm Yacht and Country Club and the surrounding estate corridors that is absorbing well-priced inventory quickly. Simultaneously, the zero-DOM closings in West Palm Beach and Gulf Stream confirm what we've been seeing all year: the most coveted waterfront assets along the Intracoastal are being transacted off-market or in pre-arranged deals before they ever hit the public MLS. For buyers relying solely on listed inventory, they are seeing only a fraction of what actually trades hands in this segment.'

Buyer and Seller Opportunity: What This Week's Data Should Drive in Your Strategy

For sellers, this week's data offers both encouragement and caution. The Miami Beach trades at $22 million and $33 million — closing in three and thirty-five days respectively — confirm that move-in-ready, architecturally significant waterfront product in prime Miami Beach locations commands instantaneous attention from the global buyer pool. Sellers in these submarkets who are pricing to the most recent comparable data and presenting impeccably should feel confident in the near-term absorption environment. However, the persistence of listings that sat for 674 days in Fort Lauderdale, 1,023 days in North Miami Beach, and 1,414 days in Weston before finally closing is an equally important signal: the luxury market rewards precision and patience, not aspirational pricing. When a $7 million North Miami Beach home takes nearly three years to close, it represents a significant carrying cost and opportunity cost that disciplined sellers must weigh.

For buyers, this week's data presents a mixed picture. The proliferation of zero-DOM closings in high-demand corridors like West Palm Beach's S Flagler Drive and Gulf Stream's Bluewater Cove confirms that the best waterfront product is effectively invisible to buyers who are not plugged into off-market networks. Simultaneously, properties like the Weston and Fort Lauderdale closings illustrate that motivated sellers with extended market exposure may present negotiating opportunities for buyers willing to engage. The Wellington equestrian estate at 2312 Appaloosa Trail — closing at $13.7 million after 284 days — is a reminder that niche luxury asset classes require patient buyers who understand the specific demand drivers of each submarket. Buyers tracking the market closely can reach Denis Smykalov at Wolsen Waterfront (denis@wolsenre.com) for current off-market opportunities.

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