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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: 364
Average Price: $4,952,816
Highest Price: $59,900,000
Lowest Price: $540,000

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 Contemporary Residence Has Been Masterfully Created To Capture The Mesmerizing View...

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720 S Ocean Blvd, Palm Beach, FL - $47,500,000

Residential, Single Family Detached
  • 7 Beds
  • 12 Baths
  • 10.6k SQFT
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Spectacular Oceanfront Mizner Compound With Tennis Court, Sunrise And Sunset Swimming Pools, And Direct Beachfront Cabana. Gorgeous Landmarked Estate With Extensive And Rich History Features Stunning Architectural Details And Oversized Fireplaces....

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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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1075 N Ocean Blvd, Palm Beach, FL - $44,900,000

Residential, Single Family Detached
  • 7 Beds
  • 12 Baths
  • 10.2k SQFT
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Stunning Direct Oceanfront Estate Exceptionally Designed By Thomas Kirchhoff With Interiors By David Kleinberg. An Impressive Home With Grand Scale, Excellent Floor Plan, 7 Bedrooms, 7 Baths, And 5 Powder Rooms, Two Oceanfront Loggias, Courtyard P...

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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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680 S Ocean Blvd, Palm Beach, FL - $36,500,000

Residential, Single Family Detached
  • 6 Beds
  • 9 Baths
  • 9,025 SQFT
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Estate Section Oceanfront With Beach Access! Completely Renovated From Top To Bottom With Superior Attention To Quality. This Transitional Style Residence With Hints Of Mediterranean Design Has Captured The Essence Of Luxury And Comfort. No Expens...

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Photo of Listing #RX-10569379

516 S Ocean Blvd, Palm Beach, FL - $27,500,000

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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313 Dunbar Rd, Palm Beach, FL - $22,500,000

Residential, Single Family Detached
  • 3 Beds
  • 7 Baths
  • 5,047 SQFT
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Fabulous In-town Mediterranean With Spectacular Big Water Views, Lake Trail Access, And Intracoastal Concrete Dock. This Gorgeous Mediterranean Home Features 3br/4.3ba, High Ceilings, And Rich Finishes Throughout. Expansive Master Suite And Spacio...

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235 Via Vizcaya, Palm Beach, FL - $20,900,000

Residential, Single Family Detached
  • 4 Beds
  • 6 Baths
  • 7,273 SQFT
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Brand New, Fully Furnished Estate Section Lakefront On The Direct Intracoastal. Designer Furnished With Unprecedented Attention To Detail That Highlights This Spectacular Waterfront Location. Designed For Quiet & Private Enjoyment, The Home Boas...

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1280 N Lake Way, Palm Beach, FL - $19,900,000

Residential, Single Family Detached
  • 5 Beds
  • 7 Baths
  • 5,704 SQFT
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Lakefront Residence Under Construction With New Deep Water Dock And Beach Access. This Bermuda Style Two-story Home Offers Wonderful Water Views From Both The 1st And 2nd Floors And Features A Covered Loggia Overlooking The Intracoastal And A 2nd...

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Photo of Listing #RX-10397773

205 Via Tortuga Aka 474 N County, Palm Beach, FL - $19,900,000

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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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 2020 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 29th, 2020 at 1:30pm CDT.