Scarce luxury market
165 active condos, all resale
Palm Beach has no active new-construction condos on the MLS: the market is entirely resale, with a median price of $1,349,500.
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Indicative conversion. The property price is always the one shown in US dollars: this is a mid-market rate, not the rate your bank will give you.
The highest per-capita wealth enclave in South Florida: 30+ billionaires, a median household income of $168,787, and zero new construction for decades
Palm Beach is an island town in Palm Beach County, incorporated on April 17, 1911, and separated from West Palm Beach by the Intracoastal Waterway — a market that is radically different from the rest of South Florida. It has 9,245 year-round residents per the 2020 census, a figure that rises to an estimated 25,000 to 30,000 during winter season, with a median household income of $168,787. Its condo market is mature and entirely resale, with very limited inventory: 165 active units today, a median price of $1,349,500 and a median HOA of $2,267 a month — the highest entry price of any zone in South Florida.
A selection of active listings in Palm Beach, updated in real time.
Looking to buy instead? See condos for sale in Palm Beach →
Listings via IDX (BeachesMLS / Miami Association of REALTORS®) through Trestle/CoreLogic. Information deemed reliable but not guaranteed.
Palm Beach grew out of Henry Flagler's vision. The Standard Oil co-founder arrived at this stretch of mangroves in the 1890s and turned it into the country's elite winter retreat. He opened the Royal Poinciana Hotel in the winter of 1894 and completed his mansion, Whitehall, in 1902. The town formally incorporated on April 17, 1911, and has been synonymous with the most concentrated wealth in the United States ever since.
Where to put your capital within Palm Beach depending on the type of property you're after:
Palm Beach has no active new-construction condos on the MLS: the market is entirely resale, with a median price of $1,349,500.
Ranked among the 30 wealthiest places in the United States, with a median household income of $168,787.
Three of the most recognized luxury names in the United States, all within the limits of this same island town.
With 165 active units and a median price of $1,349,500, Palm Beach is the highest entry price in the region.
The island measures just 7.80 square miles and has had no relevant new construction for decades — inventory doesn't grow.
A median household income of $168,787 and more than 30 billionaire residents sustain demand on the island.
The population roughly triples in high season (from 9,245 to an estimated 25,000–30,000), driving a seasonal rental demand unlike anywhere else in South Florida.
The area's median income means rental demand in Palm Beach is, almost entirely, high-purchasing-power.
With a median HOA of $2,267 a month, Palm Beach has the highest maintenance cost of any zone in South Florida covered in this analysis.
There are 165 active condos for sale on the MLS today, all resale — there are no active new-construction units at this time.
No. Palm Beach is an island town separated from West Palm Beach by the Intracoastal Waterway — two different municipalities, though connected by several bridges.
The island covers just 7.80 square miles, has had no relevant new construction for decades, and concentrates some of the largest fortunes in the United States — land scarcity and elite demand sustain the price.
Yes, financing alternatives exist for non-resident buyers. We guide you through the process and help you understand the requirements, though many deals in this price segment close in cash.
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