Closed This Week

8 Properties Closed

Total Closed Volume

$10,325,000

Price Range

$650,000 – $2,200,000

• Lowest: Peppertree Bay Condo – $650,000

• Highest: 222 Beach Road #7 (Gulf-front) – $2,200,000

Price Per Square Foot Range

$390.56 – $1,009.72

• Lowest PPSF: Estrada De Costa Single Family – $390.56

• Highest PPSF: Gulf & Bay Club #405 – $1,009.72

Market Insights (This Week’s Read)

Luxury Vertical Strength Continues

Six of eight closings were condominiums, with multiple Gulf-front sales exceeding $1M and one surpassing $2M. The majority of these transactions were cash, underscoring the continued strength of equity-driven buyers in the 34242 luxury segment.

Selective Velocity Defines This Market

Days on market ranged from 14 to 224, reinforcing the bifurcation between properly positioned properties and aspirational pricing. Well-priced, updated properties are moving decisively. Overextended pricing is requiring time and correction.

Micro-Market Signal: Gulf & Bay Club

Gulf & Bay Club accounted for multiple closings this week, signaling renewed absorption within that beachfront enclave. This concentration suggests pricing recalibration within that community is being met with active buyer response.

Single-Family Stability

Two single-family homes closed between 96%–99% of list price. Detached product remains steady, but not accelerating.

Fastest Close

Gulf & Bay Club #510
14 DOM | Closed at $925,000

Largest Negotiation

222 Beach Road #7
List: $2,700,000
Sold: $2,200,000
–18.52% from list

Property Mix

• 6 Condominiums

• 2 Single-Family Homes

Condo-weighted week, driven primarily by beachfront and high-rise inventory.

Trend Ledger – Week Snapshot

• Luxury condo segment remains resilient above $1M.

• Negotiation spread widening on aspirational pricing.

• Gulf-front product continues to anchor pricing psychology.

• Cash remains dominant in upper-tier transactions.

• Targeted pricing adjustments are triggering absorption.

Market Tone

This is a selective market, not a distressed one.

Well-positioned properties are closing.
Overpriced properties are correcting.
Liquidity remains present.