Residential closings of $3,000,000 and above · Miami-Dade & Palm Beach Counties · Recorded deeds and press-verified transactions.
By Seth Semilof
Broker, HL Real Estate Group · Published October 2026
Miami-Dade and Palm Beach counties recorded 94 residential closings of $3 million or more in September 2026, totaling $645.4M, with a $6.87M average sale price, $4.50M median sale, and $1,431 median price per square foot. 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 declined 10.9% and the month’s high sale reached $40,000,000 at 608 Island Dr on Palm Beach’s Everglades Island.
Activity remained concentrated below the trophy tier: 81 of 94 closings (86.2%) sold between $3 million and $10 million. Miami-Dade supplied 59 closings and $387.3M; Palm Beach added 35 closings and $258.1M. Miami Beach led all markets with $178.5M across 29 sales. Palm Beach Island traded only five properties but produced $76.3M on the strength of three $19M-plus closings.
| Metric | August 2026 | September 2026 | Change |
|---|---|---|---|
| $3M+ closings | 81 | 94 | +16.0% |
| Total volume | $624.2M | $645.4M | +3.4% |
| Average sale price | $7.71M | $6.87M | −10.9% |
| Median sale price | $4.70M | $4.50M | −4.3% |
| Top verified sale | $51.5M | $40.0M | −22.3% |
| Cities represented | 19 | 15 | −21.1% |
| ZIP codes represented | 28 | 31 | +10.7% |
| Press-only closings | 16 | 11 | −31.3% |
August is the prior month in the current series. Percentage changes compare verified $3M+ closings captured under the same methodology; press-only rows in either month can move into recorded-deed coverage as county data posts.
| Metric | Miami-Dade | Palm Beach | Total |
|---|---|---|---|
| $3M+ closings | 59 | 35 | 94 |
| Total volume | $387.3M | $258.1M | $645.4M |
| Share of volume | 60.0% | 40.0% | 100% |
| Average sale price | $6,564,122 | $7,374,308 | $6,865,787 |
| Median sale price | — | — | $4,500,000 |
| Median $/SF* | — | — | $1,431 |
| Top sale | $33.0M | $40.0M | $40.0M |
| Cities represented | 8 | 7 | 15 |
| Property Type | Closings | Volume | Avg. Price | Share of Volume |
|---|---|---|---|---|
| Single-family | 54 | $363.0M | $6,721,848 | 56.2% |
| Condo | 37 | $195.6M | $5,286,600 | 30.3% |
| Waterfront home | 2 | $53.8M | $26,900,000 | 8.3% |
| Penthouse | 1 | $33.0M | $33,000,000 | 5.1% |
| Price Band | Closings | Share of Closings | Volume | Share of Volume |
|---|---|---|---|---|
| $3M–$5M | 55 | 58.5% | $214.6M | 33.3% |
| $5M–$10M | 26 | 27.7% | $177.0M | 27.4% |
| $10M–$20M | 8 | 8.5% | $111.2M | 17.2% |
| $20M–$35M | 4 | 4.3% | $102.5M | 15.9% |
| $35M+ | 1 | 1.1% | $40.0M | 6.2% |
| Verification | Closings | Volume | Share of Volume |
|---|---|---|---|
| County record | 78 | $371.3M | 57.5% |
| County + press | 5 | $62.3M | 9.7% |
| Press only | 11 | $211.8M | 32.8% |
| # | Address | Market | Price | $/SF | Residence | Notes |
|---|---|---|---|---|---|---|
| 1 | 608 Island Dr, Palm Beach † | Everglades Island | $40,000,000 | — | waterfront home | Buyer: Kimberly Bluhm Seller: Roger Webb and Raisa Webb |
| 2 | 17975 Collins Ave, Sunny Isles Beach † | Estates at Acqualina | $33,000,000 | $3,725 | 6 bd · 7.5 ba · 8,858 SF · penthouse | Buyer: Acquilina 26 LLC Seller: Trump Group affiliate |
| 3 | 320 W Dilido Dr, Miami Beach † | Venetian Islands | $27,600,000 | — | waterfront single-family | Buyer: 320 West Dilido Drive Trust Seller: Philippe Harari |
| 4 | 1000 Biscayne Blvd Units 5501+5002, Miami † | One Thousand Museum | $21,900,000 | $2,383 | 5 bd · 7 ba · 9,200 SF · condo combination | Buyer: Evren Ucok Seller: Karlovy Properties LLC |
| 5 | 500 E Alexander Palm Rd, Boca Raton ‡ | Royal Palm Yacht & Country Club | $20,000,000 | $2,415 | 5 bd · 7 ba · 8,281 SF · single-family | Buyer: 500 E Alexander Land Trust Seller: Trust managed by Arty Langhaus |
| 6 | 214 Wells Rd, Palm Beach † | Palm Beach Island | $19,900,000 | — | single-family | Buyer: Paul A. Krasker, Wharf Trust Seller: E. Burke Ross Jr. and Susan Ross |
| 7 | 1421 N Venetian Way, Miami Beach † | Venetian Islands | $16,000,000 | $3,835 | 5 bd · 5 ba · 4,170 SF · single-family | Buyer: SM House LLC Seller: Johnny Salomon Listed by Dora Puig |
| 8 | 470 Marquesa Dr, Coral Gables | Coral Gables | $14,500,000 | $4,567 | 3 bd · 3 ba · 3,175 SF · single-family | County-recorded sale |
| 9 | 18714 Rio Vista Dr, Jupiter † | Jupiter | $13,800,000 | — | waterfront home | Buyer: Leslie and Marguerite Gelber Seller: Robert S. Lerman Listed by Michele Locke, Fine Living Realty of Palm Beaches |
| 10 | 6290 Chapman Field Dr, Pinecrest ‡ | Bay Ridge Estates | $13,500,000 | $5,430 | 4 bd · 3 ba · 2,486 SF · single-family | Buyer: Original Trust Legacy LLC Seller: FKAC 1 LLC Listed by Juan Annicchiarico, JCAS Realty |
| Market | County | $3M+ Sales | Volume | Avg. Price | Median $/SF* |
|---|---|---|---|---|---|
| Miami Beach | Miami-Dade | 29 | $178.5M | $6.2M | $2,351 |
| Miami | Miami-Dade | 14 | $79.2M | $5.7M | $1,366 |
| Palm Beach | Palm Beach | 5 | $76.3M | $15.3M | $1,881 |
| Boca Raton | Palm Beach | 10 | $63.0M | $6.3M | $930 |
| Sunny Isles Beach | Miami-Dade | 6 | $57.9M | $9.6M | $1,499 |
| Jupiter | Palm Beach | 6 | $39.3M | $6.5M | $1,243 |
| Palm Beach Gardens | Palm Beach | 5 | $24.9M | $5.0M | $907 |
| Delray Beach | Palm Beach | 4 | $23.4M | $5.8M | $795 |
| Pinecrest | Miami-Dade | 3 | $22.4M | $7.5M | $737 |
| West Palm Beach | Palm Beach | 3 | $21.6M | $7.2M | $1,722 |
| Coral Gables | Miami-Dade | 2 | $19.0M | $9.5M | $2,871 |
| Key Biscayne | Miami-Dade | 3 | $12.9M | $4.3M | $1,499 |
| Surfside | Miami-Dade | 1 | $12.5M | $12.5M | $4,447 |
| Riviera Beach | Palm Beach | 2 | $9.8M | $4.9M | $1,664 |
| Palmetto Bay | Miami-Dade | 1 | $4.9M | $4.9M | $1,006 |
The market broadened instead of rallying at the top. September added 13 closings over August, but the top sale was $11.5M lower and the average sale fell 10.9%.
Palm Beach narrowed the county value gap. Its volume increased 56.1% from August and supplied 40.0% of September value, led by the $40M Everglades Island sale.
Miami Beach remains the deepest luxury market. Its 29 closings produced 27.7% of the two-county volume, spread across the Beach, Venetian Islands, South of Fifth, and major condo buildings.
Condos mattered beyond a single trophy sale. Condo inventory contributed $195.6M, including the $33M Acqualina penthouse, the $21.9M One Thousand Museum combination, and two separate 321 Ocean trades.
Press reporting still carries the newest high-value deals. Eleven sales worth $211.8M were verified by The Real Deal but remained absent from county deed records at capture time.
We’ll put this data to work on your specific building, street or shortlist — line by line, exposure by exposure.
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