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Palm Beach Real Estate Market

Palm Beach

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Overview

Separated from West Palm Beach and Lake Worth by the Intracoastal Waterway, Palm Beach is a quiet community with a full-time population of approximately 10,000. However, during the peak season, the community’s population swells three fold. Because of that demand as well as the proximity to the popular area of West Palm Beach, investing in Palm Beach real estate as a rental or investment property is a prudent financial decision that can pay dividends in the short term and long into the future.

Real Estate Statistics

Total Listings: 396
Average Price: $4,926,301
Highest Price: $59,900,000
Lowest Price: $525,000

Care to learn more about Palm Beach homes for sale? Then read more about them here. Or alternatively, discover the right home for you by searching the Palm Beach real estate listings below.

Palm Beach Real Estate

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1744 S Ocean Blvd, Palm Beach, FL - $59,900,000

Residential, Single Family Detached
  • 7 Beds
  • 14 Baths
  • 18.4k SQFT
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The Only ''ocean To Lake'' Estate Encompassing Almost Two Acres Currently Available For Sale On Palm Beach Island. Sitting Atop One Of The Highest Elevations, This Newly Constructed Contemporary Residence Has Been Masterfully Created To Capture Th...

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520 Island Dr, Palm Beach, FL - $45,000,000

Residential, Single Family Detached
  • 6 Beds
  • 11 Baths
  • 17.2k SQFT
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Post-construction And Move-in Ready!newly Listed For The First Time As Move-in And 'turn-key' Ready, Here Is Your Rare Chance To Experience Modern Resort-living On The Heart Of Palm Beach Island... This Resort-inspired Home In Palm Beach Island's ...

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854 S County Rd, Palm Beach, FL - $44,900,000

Residential, Single Family Detached
  • 6 Beds
  • 10 Baths
  • 11.4k SQFT
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Situated On 2+ Acres, This 5br/8.2ba Plus Guest House Estate Features Over 200 Feet Of Direct Intracoastal Frontage. Set In An A+ Location, This Fantastic Estate Section Home Features Commanding Water Views Complete With Boat Dock With Lift. Set A...

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530 S Ocean Blvd, Palm Beach, FL - $43,000,000

Residential, Single Family Detached
  • 8 Beds
  • 15 Baths
  • 12.2k SQFT
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Stunning Oceanfront Newly Built Estate With 14,000 +/- Total Sq. Ft., 6br/9.4ba, 2br/2ba Staff Quarters, Guest Studio, And Multi-car Garage. Designed By Smith & Moore Architects With Marc-michaels Interior Design. Beautiful Architectural Balance A...

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320 Island Rd, Palm Beach, FL - $37,500,000

Residential, Single Family Detached
  • 5 Beds
  • 8 Baths
  • 7,526 SQFT
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Authentic Bermudian-style House With 232' Of Rare South Facing Intracoastal Frontage And Golf Course Views. Built For Entertaining, The House Won The 2017 Schuler Award From The Preservation Foundation For Outstanding New Architecture, As Well As ...

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790 S County Rd, Palm Beach, FL - $37,500,000

Residential, Single Family Detached
  • 7 Beds
  • 13 Baths
  • 14.3k SQFT
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Spectacular Maurice Fatio Designed Mediterranean Estate On The Intracoastal With Gorgeous Architectural Detailing. With 17,000+/- Total Sq. Ft. And 7br/9.4ba, This Stunning Estate Is Perfect For Entertaining. Elegant Foyer With Wrought Iron Spiral...

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516 S Ocean Blvd, Palm Beach, FL - $29,500,000

Residential, Single Family Detached
  • 5 Beds
  • 9 Baths
  • 8,423 SQFT
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Modern Seaside Mediterranean With Deeded Beach Parcel. Ensconced On A 1/2+ Acre Lot Directly Across From The Beach, This Casually Elegant Estate Enjoys Sweeping Ocean Views And Every Amenity For Relaxed Living. Gracious Entertaining Comes Naturall...

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100 El Bravo Way, Palm Beach, FL - $26,950,000

Residential, Single Family Detached
  • 7 Beds
  • 12 Baths
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The Extraordinary 1922 Mediterranean Style Oceanfront Home Has Been Impeccably Maintained & Updated. The Most Discerning Buyer Is Able To Enjoy A Beautifully Preserved Historic Home As Well As All The Conveniences Of Modern Technology, Including ...

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1191 N Lake Way, Palm Beach, FL - $21,500,000

Residential, Single Family Detached
  • 6 Beds
  • 10 Baths
  • 8,440 SQFT
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Better Than New - Custom Built Magnificent Lakefront Estate With Stately Front And Rear Elevation And Expansive Water Views From Virtually Every Room! Grand Arrival Through A Hedged And Manicured Brick And Pebble Driveway Into The Expansive Motor ...

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205 Via Tortuga, Palm Beach, FL - $21,000,000

Residential, Single Family Detached
  • 7 Beds
  • 10 Baths
  • 11.2k SQFT
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Town Approved Elegant Palm Beach Estate Home To Be Built On A Mature 36,363+/- Sf Parcel In Phipps Estate. Price Includes A To-be-built Home Located In The Near Northend W/5br/6ba + 2 Powder Rooms In The Main House And A 2br/2ba Guest House Apart ...

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670 Island Dr, Palm Beach, FL - $20,995,000

Residential, Single Family Detached
  • 5 Beds
  • 7 Baths
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This Direct Waterfront Villa Known As Il Cortile Reflects The Classic And Refined Mediterranean Style Of Palm Beach. From The Moment You Enter, The Villa Romances Your Senses. Located On The East Side Of Everglades Island, The Award-winning Estate...

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630 Island Dr, Palm Beach, FL - $20,900,000

Residential, Single Family Detached
  • 4 Beds
  • 6 Baths
  • 6,902 SQFT
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Stunning California-inspired Everglades Island Estate. Custom Built In 2016. Designed By Roger Janssen With Open Floor Plan, Soaring Ceilings, Beautiful Flooring, And Gorgeous Architectural Detailing Throughout. Overlooking The Intracoastal With R...

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Homes for Sale in Palm Beach, Florida

As a resident of Palm Beach, your days could be chocked-full of seaside relaxation, sight-seeing, visiting the local events and festivals, or indulging in some retail therapy at the East Coast’s answer to Rodeo Drive, Worth Avenue.

Ranging from oceanfront houses to island-style estates and beautiful luxury condos, the Palm Beach real estate market provides a little something for almost everyone, no matter what their interests are. The small island of Palm Beach is the buffer between the Atlantic Ocean and the Intracoastal Waterway and is home to some of the finest resorts, top golf courses, and even a President’s home away from home.

For those with refined taste, you might want to visit one of the most ostentatious resorts of Palm Beach, the Mar-a-Lago resort. Understandably, the resort, which is owned by the world famous Trump Organization, is known for the high-end palace-like homes that command high price tags and sprawl over 11,000 square feet or more. Catering to those searching for an ultra-luxurious home, the properties feature every five-star amenity you could possibly imagine. Known for being the go-to place for the social elite, Mar-A-Lago is perfectly situated on the water and showcases original Spanish style that Florida is famous for.

Purchasing a Rental Property in Palm Beach

Short Term Rentals

Purchasing a property in Palm Beach for investment purposes is likely going to be a prudent investment for the short term and for the long term. Whether you are purchasing and listing a condo, a guest house, or an entire home, the rate that the market will bear is very location-driven. For example, one of the most extravagant properties that is currently on the Airbnb market is located in the proximity of Worth Avenue and the beach; a three-night stay at the private guest house will cost $410 per night in US dollars. Meanwhile, being located further away from the beach and the hot spots of Worth Avenue, $100 per night is a more realistic rental rate that you could expect for your rental investment property in Palm Beach.

Meanwhile, if you would rather avoid the uncertainty of short term rentals or you’d prefer to have a full-time tenant, the area has seen a dramatic increase in rental costs. In fact, according to statistics prepared by Rent Café, Palm Beach and Palm Beach County has seen the rental rates rise 45% year over year. According to their stats, the current rental market looks very promising for investors to maximize their return on investment. Below are the numbers for average rental prices in Palm Beach and Palm Beach County:

Median Rental Cost: $5,500
Average Size: 1,272 square feet

Studio Apartment: $1,190
Average Size: 517 square feet

One Bedroom Apartment: $5,500
Average Size: 1,166 square feet

Two Bedroom House/Apartment: $2,850
Average Size: 1,335 square feet

Three Bedroom House: $14,421
Average Size: 2,298 square feet.

Luxury Homes for Sale, Palm Beach

The highest end of the Palm Beach real estate market is filled with amazing custom designed homes by leading architects and interior designers. Often designed with British Colonial-style exteriors, the extravagance and opulence of these homes are prevalent the moment you step foot on to the property. For those who are looking for ultra-luxury homes in Florida, Palm Beach should be the first place you look.

These luxury homes are almost always situated on the water and have been known to have a private dock for you to park the boat and enjoy quick, easy access to the Atlantic Ocean or Intracoastal Waterway. In-ground pools, thousands of square feet and four or more bathrooms and bedrooms are just some of the features that you might expect with these luxury properties. Other features and benefits include guest apartments—which are perfect income providers, situated close to top golf courses—allowing you easy access to up your golf game, and enough space to comfortably fit family or friends for important seasonal gatherings.

Think you’re ready to find your next home or your ideal vacation home in Palm Beach? When you are, contact the Palm Beach real estate experts at Southern Shore Properties.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on December 11th, 2019 at 12:46pm CST.