Verified · October 2026
City of West Palm Beach (ZIP 33401)
Entry price range: $650K median; new towers $2.9M+
Every claim below links to a dated public source.
The community in brief
Downtown West Palm Beach at a glance.
Downtown West Palm Beach is the mainland urban core of ZIP 33401, fronting the Lake Worth Lagoon and Intracoastal Waterway opposite Palm Beach island. Its anchors are Clematis Street, a five-block pedestrian-oriented historic retail corridor named an American Planning Association Great Street in 2014; The Square, the 72-acre open-air district formerly CityPlace; and Flagler Drive's roughly 3.5-mile waterfront promenade. A wave of new luxury condo towers from Forte on Flagler to South Flagler House, Olara, and the Ritz-Carlton Residences is rewriting the skyline through 2028, while Redfin put the downtown median sale price near $650,000 for the three months ending August 2026, about 30 percent above the citywide median.
Real-time availability is confirmed directly with Kelby: listings portals lag, and the best addresses in Downtown West Palm Beach move before they are published.
Location & boundaries
Clematis to Okeechobee, along the lagoon
The Downtown Development Authority district is anchored by Clematis Street, Banyan Boulevard, and Quadrille Boulevard as interior streets, with Okeechobee Boulevard, South Dixie Highway, and Australian Avenue among its boundary anchors per the DDA charter description. Clematis Street runs from Flagler Drive on the Intracoastal to Rosemary Avenue; The Square is bordered by Okeechobee Boulevard and Hibiscus Street between Rosemary and Quadrille; and Flagler Drive carries the waterfront promenade through the district. The Rosemary-area districts and the NORA district lie at the district's north end.
Sources · verified October 2026
Architecture & character
Old-Florida street life under a towers-and-palms skyline
Downtown layers eras: the five-block Clematis Street corridor keeps its historic retail bones and weekly street events; The Square supplies an open-air shopping-and-dining core; and Flagler Drive's waterfront is being lined with new glass towers from the mid-2010s onward. The result is a walkable, events-driven downtown that still feels like a Florida city rather than a mall, with the island of Palm Beach visible across the lagoon.
Sources · verified October 2026
Market positioning & pricing
A $650K downtown median, with towers far above
Sold and asking data, 2025 to October 2026
Redfin put the downtown median sale price near $650,000 for the three months ending August 2026, with Zillow's downtown average home value around $606,000 and Homes.com reporting roughly $771,500 for recent downtown listings. New waterfront towers sit in a different market entirely: Alba Palm Beach units were reported from about $2.9 million, South Flagler House from roughly $7.9 million, and a 28-story building announced with starting prices near $3.2 million. All figures are dated from public sources, not guarantees; confirm the current read with Kelby.
Sources · verified October 2026
Amenities
Clematis, The Square, and the lagoon promenade
- Clematis Street: five blocks of dining, bars, and weekly street events from Flagler Drive to Rosemary Avenue
- The Square, the 72-acre open-air district with shops, dining, and a central plaza
- Flagler Drive's roughly 3.5-mile pedestrian promenade along the Intracoastal
- The waterfront and nearby parks, with the water taxi across to Palm Beach island
- Weekend festivals, farmers markets, and a year-round events calendar
- Palm Beach International Airport literally minutes west
Sources · verified October 2026
Schools
Roosevelt, Palm Beach Public, Bak, and Dreyfoos
Downtown schools in The School District of Palm Beach County include Roosevelt Elementary as a PK-5 magnet, Palm Beach Public across the bridge on the island, U.B. Kinsey and Palmview Elementary of the Arts, Bak Middle School of the Arts for grades 6 to 8 by audition, and Alexander W. Dreyfoos Jr. School of the Arts for grades 9 to 12 by audition. Attendance zones are per address and magnet admission is by application, so verify with the school district before relying on any placement.
School boundaries change and are set by address, never by community name: verify current boundaries with The School District of Palm Beach County before relying on any assignment.
Sources · verified October 2026
Access & commute
I-95, the bridges, the airport, and Tri-Rail
Okeechobee Boulevard, Quadrille Boulevard, and Australian Avenue connect the district to I-95 west; the Flagler Memorial, Royal Park, and Southern Boulevard bridges cross to Palm Beach island; Palm Beach International Airport is minutes away; and the Tri-Rail commuter line serves the city for runs north and south. Walking and bikes cover most downtown errands.
Sources · verified October 2026
HOA, condo & restrictions
Tower condos, rental licensing, and building rules
Downtown condos follow each building's fee schedule and rental policy, and every rental unit in the city needs a Rental Tax Application license and Business Tax Receipt, with county Tourist Development Tax for transient stays and a state DBPR license for vacation rentals. New towers carry pre-construction terms, HOA dues, and milestone deliverables that vary widely: read the offering documents with Kelby before reserving a unit.
Sources · verified October 2026
Waterfront, flood zone & insurance
Flagler Drive exposure, inland blocks higher
Waterfront towers and lagoon-adjacent blocks sit in FEMA-mapped flood zones, while the district's inland streets sit higher. Flood insurance is required for federally backed mortgages in Special Flood Hazard Areas. Verify each address with FEMA's Flood Map Service Center and an insurer.
Sources · verified October 2026
New construction & pre-construction
Eight-plus towers under construction or approved
Under Construction
The Palm Beach Post counted eight new luxury waterfront condo towers under construction or planned for downtown as of January 2026: Forte on Flagler and Alba delivered in 2025 and June 2026; South Flagler House, Olara, Mr. C Residences, Shorecrest, and The Ritz-Carlton Residences West Palm Beach are under construction with 2027 to 2028 timelines; Banyan Tree Residences and Mandarin Oriental Residences are approved. Statuses and pricing move quarterly: confirm the current pipeline with Kelby.
Sources · verified October 2026
Investment & rental considerations
Rental demand plus pre-construction risk
Downtown offers two distinct strategies: established rental demand in the condo buildings and Clematis-adjacent streets, subject to city, county, and state licensing, and pre-construction positions in the new towers, where the numbers hinge on delivery dates, dues, and resale supply when dozens of towers come online together. No yield or appreciation figures were verified; underwrite the specific unit with Kelby.
Sources · verified October 2026
Frequently asked questions
Straight answers about Downtown West Palm Beach.
What are the boundaries of downtown West Palm Beach?
The Downtown Development Authority district is anchored by Clematis Street, Banyan Boulevard, and Quadrille Boulevard, with Okeechobee Boulevard, South Dixie Highway, and Australian Avenue among its boundary anchors; Clematis Street and the waterfront define the core.
What does a downtown condo cost?
The downtown median sale price was near $650,000 for the three months ending August 2026, while new waterfront towers start around $2.9 to $3.2 million and scale into the tens of millions. Confirm the current market with Kelby.
Is The Square the same as CityPlace?
Yes. The Square is the 72-acre open-air district formerly called CityPlace and later Rosemary Square, bordered by Okeechobee Boulevard and Hibiscus Street.
Can I rent out a downtown condo?
Yes, within the rules: a city Rental Tax Application license and Business Tax Receipt plus county Tourist Development Tax registration for transient stays, a state DBPR license for vacation rentals, and the building's own rental policy. Verify the current code with the city.
Nearby in West Palm Beach
Compare Downtown West Palm Beach with the communities around it.
Provenance
Information reviewed October 2026.
Every claim on this page is drawn from public research and linked to its dated source below. Figures such as asking prices, dues, and school assignments change; where a field could not be verified it reads “Contact for current information” and the answer is one call away. Nothing on this page is a guarantee of price, availability, or school assignment.
- Source
Christian Ash downtown guide
DDA boundary anchors and sub-areas
- Source
APA Clematis Street
Clematis Street as a five-block Great Street
- Source
The Jaxson downtown WPB
Downtown landmarks and promenade
- Source
City of WPB downtown master plan
Downtown Master Plan Element, April 2024
- Source
Redfin Downtown WPB housing market
Downtown median, 2026
- Source
Zillow Downtown WPB home values
Downtown average home value
- Source
WPTV 28-story tower
Tower announced with $3.2M starting price
- Source
Palm Beach Post waterfront towers
Tower wave count, January 2026
- Source
Florida YIMBY development wave
Residential development, October 2025
- Source
Haute Residence condo tracker
Pre-construction tracker, September 2026
- Source
Downtown WPB schools
Schools serving downtown
- Source
School District of Palm Beach County
Boundary maps and magnet admission
- Source
City of WPB rental property guidelines
Rental licensing rules
- Source
FEMA Flood Map Service Center
Flood zone verification per property
Each source above verified October 2026
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