Market Datavs. 1 year ago
30-year mortgage7.40%▲ +1.10 pts15-year mortgage6.73%▲ +1.20 pts10-year Treasury5.22%▲ +1.09 ptsMortgage spread2.18 pts▲ +0.01 ptsMedian list price (Sep)$419k▼ -1.4%List $/sqft (Sep)$223▼ -1.3%Days on market (Sep)61▼ -1 daysActive listings (Sep)1.16M▲ +5.4%New listings (Sep)395k▼ -0.7%Pending sales (Sep)423k▼ -4.1%Housing starts (Aug)1.28M▼ -1.2%Building permits (Aug)1.4M▲ +4.2%New-home sales (Aug)684k▼ -2.0%Existing-home sales (Aug)3.98M▼ -1.2%Months of supply (Aug)8.5 +0.0 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 11:40 PM ET
Top Sales

Miami-Dade-Broward-Palm Beach, Florida Top 5 Home Sales: A $48.5 Million New Home in San Marco Leads Three Miami Beach Island Sales

A newly built modern home in San Marco, a restored 1920s Palm Island estate and a pre-construction home in Boca Raton were among the week's top sales.

Miami-Dade-Broward-Palm Beach, Florida Top 5 Home Sales: A $48.5 Million New Home in San Marco Leads Three Miami Beach Island Sales

Three homes on the islands of Miami Beach and two in Palm Beach County made up the five highest-priced home sales reported in Miami-Dade, Broward and Palm Beach counties for the week ending October 11, 2026. Together they sold for $116.55 million.

The group ran from a century-old Mediterranean estate to two homes dated 2026, one of them sold before construction. The list ranged from a bayfront home in San Marco to a renovated home in West Palm Beach’s Little Ranches.

No. 1 — $48,500,000 · 1413 N Venetian Way, Miami Beach, Florida

Top home sale No. 1 in Miami-Dade, Broward and Palm Beach counties β€” 1413 N Venetian Way, Miami Beach, Florida, week ending October 11, 2026

The top sale of the week was a newly completed modern home on San Marco island, which sold for $48,500,000. Built in 2026, it is a concrete-block home with seven bedrooms, seven full baths and one half bath, and 10,689 square feet of living space on 0.31 acres. The home also has an understory of about 8,000 square feet with room for up to 10 vehicles.

Inside, the ceilings rise to 12 feet and walls of glass enclose the open living and entertaining rooms. There is a display kitchen and a separate staff kitchen, both by Boffi, along with a theater, a private elevator, a wet bar, Ornare closets and marble and wood floors. There is also a rooftop deck.

Outside, a raised terrace steps out to a 70-foot knife-edge pool and spa, a summer kitchen and a deck facing the open bay and the downtown Miami skyline. The property has 103 feet on the water behind a 14-foot seawall, with ocean access, no fixed bridges, a new deep-water dock and a 30,000-pound boat lift. The property last sold for $5.95 million in 2021, before the current home was built.

Matthew Crane and Mathieu Rochette of Compass Florida, LLC were the listing agents, and Samantha Curry of Douglas Elliman represented the buyer. The home sold for $1 million above its asking price of $47.5 million, the highest price in this week’s Top 5.

See this property in Google Street View →

No. 2 — $29,000,000 · 49 Palm Ave, Miami Beach, Florida

Top home sale No. 2 in Miami-Dade, Broward and Palm Beach counties β€” 49 Palm Ave, Miami Beach, Florida, week ending October 11, 2026

On Palm Island, a Mediterranean estate built in 1926 sold for $29,000,000. It is the oldest home in this week’s Top 5 and also the largest, with 11,307 square feet of living space, eight bedrooms and 10 bathrooms on 0.69 acres, the biggest lot of the five.

The estate has been restored with its original architectural details kept in place and modern systems brought in. The main rooms include a formal dining room, a grand salon, an office, an art gallery, a cognac room and an insulated movie theater. The kitchen has three Wolf gas ranges, Sub-Zero appliances and a large island, and it opens to a family room and a second dining area.

The grounds are planted with exotic trees and fountains, and the property has 100 feet of open waterfront on the bay with a seawall and ocean access. There is a rooftop, a private deck over the water, a pool and spa, and a guest villa with a Turkish hammam and sauna, a jacuzzi, a massage room and a gym. A circular driveway leads to the home, which has an eight-car garage. The property last sold for $4.87 million in 2004.

Jorge Martinez and Roland Ortiz of One Sotheby’s International Realty were the listing agents. Geva Bar PA of Compass Florida, LLC represented the buyer.

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No. 3 — $17,200,000 · 11 E Rivo Alto Dr, Miami Beach, Florida

Top home sale No. 3 in Miami-Dade, Broward and Palm Beach counties β€” 11 E Rivo Alto Dr, Miami Beach, Florida, week ending October 11, 2026

A 1935 home at the south tip of Rivo Alto Island, in the Venetian Islands, sold for $17,200,000. The two-story home has four bedrooms, five bathrooms and 5,050 square feet of living space on 0.30 acres, with 105 feet on the water.

Its draw is the setting. The property has sunset views of the open bay and the downtown Miami skyline, along with a pool and a private dock. Inside are marble and wood floors and an entrance foyer, and a circular driveway serves the front. The listing presents the property as a home to renovate or a site for a new custom home. It last sold for $13.55 million in 2021.

Daniel Hertzberg of Coldwell Banker Realty was the listing agent, and Jill Hertzberg of Coldwell Banker Realty represented the buyer.

See this property in Google Street View →

No. 4 — $13,000,000 · 5501 S Flagler Dr, West Palm Beach, Florida

Top home sale No. 4 in Miami-Dade, Broward and Palm Beach counties β€” 5501 S Flagler Dr, West Palm Beach, Florida, week ending October 11, 2026

In the Little Ranches neighborhood of West Palm Beach, a 2003 home on a corner lot sold for $13,000,000. The Intracoastal Waterway is across the street, and the property has a seawall, a private dock and a 60,000-pound boat lift. The views take in the estate section of Palm Beach Island and Mar-a-Lago.

The home was overhauled under the direction of designer Amir Khamneipur. It has five bedrooms, four full baths and two half baths in 5,000 square feet on two stories. The centerpiece is a bar and lounge facing the water, finished in backlit crystalline quartzite with a brass sink and custom cabinetry. The open kitchen has Wolf and Sub-Zero appliances, a wine wall draws on the Breakers resort in Palm Beach, and the primary suite has two dressing rooms. There are also a fireplace, an elevator, a sound system and a smart-home system.

Outside are a heated saltwater pool, a cabana, a spa and a putting green. The property also has a gated driveway, and a guest house offers separate quarters for visitors. The property last sold for $10.75 million in 2025.

SAMANTHA M. CURRY of Douglas Elliman was the listing agent. CHRISTIAN J ANGLE of Christian Angle Real Estate represented the buyer.

See this property in Google Street View →

No. 5 — $8,850,000 · 1400 Cocoanut Road, Boca Raton, Florida

Top home sale No. 5 in Miami-Dade, Broward and Palm Beach counties β€” 1400 Cocoanut Road, Boca Raton, Florida, week ending October 11, 2026

A pre-construction home on Cocoanut Road in Boca Raton sold for $8,850,000. The property sits in the Estates Section of Old Boca Raton, and the plans call for a two-story home in a style drawn from Alys Beach and the West Indies, with six bedrooms, six full baths and two half baths, and 6,629 square feet of living space on 0.37 acres.

The plans call for a motor court at the entry and a foyer that opens to a great room with window walls, an island kitchen and a club room with a pub. A staircase rises to the primary suite on the upper level, which is planned with a spa bath, a large walk-in closet and a balcony, and a family loft sits on the same floor. The plans also include an office, an elevator, two utility rooms and two garages with two bays each.

Outdoors, the plans call for a full-length lanai with a summer kitchen, a cabana and a pool. The property last sold for $2.3 million in 2023, before the current home was built.

Joseph G Liguori of Premier Estate Properties Inc was the listing agent, and Todd David Lipsich of Luxury Partners Realty represented the buyer.

See this property in Google Street View →


RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, October 11, 2026. The report may exclude private, off-market, delayed or nondisclosed transactions. Prices, property details and professional representation are reported as available at publication and may be updated following confirmation from transaction participants.

Were you involved in one of these transactions? Contact RealtyWire to verify or correct your professional credit or submit information for a future edition.

See full market data on our Miami-Dade-Broward-Palm Beach market page.

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