South Florida Luxury Market Report: September 2026 Brings 94 $3M+ Closings and $645.4M

Miami-Dade and Palm Beach counties recorded 94 residential closings of $3 million or more in September 2026, totaling $645.4 million, according to the Haute Residence Market Report™ for September 2026. The average sale was $6.87 million, the median sale $4.50 million and the median price per square foot $1,431.

September traded more homes than August without repeating August’s top-end spike. Closings rose 16.0% and total volume gained 3.4%, while the average sale fell 10.9%. The month’s highest sale was $40 million at 608 Island Drive on Palm Beach’s Everglades Island.

September 2026 at a glance

• $3M+ closings: 94 (up from 81 in August)
• Total volume: $645.4M (up from $624.2M)
• Average sale: $6.87M (down from $7.71M)
• Median sale: $4.50M (down from $4.70M)
• Top sale: $40.0M, 608 Island Dr, Palm Beach
• Miami-Dade: 59 closings, $387.3M (60.0% of volume)
• Palm Beach County: 35 closings, $258.1M (40.0% of volume)

Activity stayed concentrated below the trophy tier: 81 of 94 closings (86.2%) sold between $3 million and $10 million.

The top five sales of September

1. 608 Island Dr, Palm Beach (Everglades Island) — $40,000,000
2. 17975 Collins Ave, Sunny Isles Beach (Estates at Acqualina penthouse) — $33,000,000
3. 320 W Dilido Dr, Miami Beach (Venetian Islands) — $27,600,000
4. 1000 Biscayne Blvd, Units 5501+5002, Miami (One Thousand Museum) — $21,900,000
5. 500 E Alexander Palm Rd, Boca Raton (Royal Palm Yacht & Country Club) — $20,000,000

Where the money moved

Miami Beach led all markets with $178.5 million across 29 sales, or 27.7% of two-county volume. Miami followed with 14 sales and $79.2 million. Palm Beach traded only five properties but produced $76.3 million on the strength of three $19 million-plus closings, and Boca Raton added 10 sales and $63.0 million.

What September tells us

The market broadened instead of rallying at the top. Palm Beach narrowed the gap with Miami-Dade: its volume rose 56.1% from August. Condos mattered beyond a single trophy sale, contributing $195.6 million, including the $33 million Acqualina penthouse and the $21.9 million One Thousand Museum combination. Press reporting still carries the newest high-value deals: 11 sales worth $211.8 million were verified by The Real Deal but had not yet posted to county deed records.

For South Florida’s most in-demand new construction, see The Haute 20™ on HauteResidence.com.

Methodology

The report combines ATTOM county deed records across 44 target ZIP codes with The Real Deal South Florida deal reporting, with data through September 30, 2026. Median $/SF uses the 81 closings with usable living-area data.

Read the full September 2026 South Florida Luxury Market Report, including all ten trophy sales, every market and the downloadable dataset, or browse all Haute Residence market reports.