KC KELBY CONTRERAS The Florida Real Estate Specialist

Building Guide ยท Palm Beach Island

Palm Beach Oceanfront Condos

The island's condo market: oceanfront buildings from 3550 South Ocean to the Claridges

Verified · October 2026

Town of Palm Beach (ZIP 33480)

Entry price range: $1.5M to $1.8M condo median, 2025

Every claim below links to a dated public source.

WaterfrontBeachside
All of Palm Beach

The community in brief

Palm Beach Oceanfront Condos at a glance.

Condominiums are the island's second great market after estates, concentrated in full-service oceanfront buildings along South Ocean Boulevard and Intracoastal-facing buildings on the lagoon side. The newest building, 3550 South Ocean, completed in 2019, holds 30 units with a median around $5 million, while landmark 1960s and 1970s towers such as One Royal Palm, the 400 Building, and the Claridges bookend the price range, where town-wide condo sales carried a median near $1.5 to $1.8 million across 2025. Buyers here trade a yard for full service, ocean views, and the island's rental rules and newer reserve laws, which vary tower by tower.

Oceanfront condominiumsCo-opsIntracoastal-view condosFull-floor residences

Real-time availability is confirmed directly with Kelby: listings portals lag, and the best addresses in Palm Beach Oceanfront Condos move before they are published.

Location & boundaries

Oceanfront along South Ocean Boulevard, lagoon views on the west side

The island's condo buildings sit in two bands: full-service oceanfront towers along South Ocean Boulevard (A1A), from the 400 Building near Worth Avenue south to 3550 South Ocean near Sloan's Curve, and residential buildings with lagoon and Intracoastal views along the west side near Royal Palm Way and the Midtown blocks. Landmark addresses in the market include the 400 Building at 400 South Ocean Boulevard, One Royal Palm at South Ocean Boulevard and Royal Palm Way, The Reef at 2275 South Ocean Boulevard, the Atriums of Palm Beach, and the Claridges I and II at 3460 South Ocean Boulevard.

Architecture & character

From Edward Durell Stone landmark to modern sawtooth glass

The buildings span the island's modern history: the 400 Building is a 1960s Edward Durell Stone design with duplex residences and a rooftop pool; One Royal Palm is a curvilinear late-1960s tower; The Reef is a 1974 landmarked resort property; and 3550 South Ocean is a 2019 sawtooth building designed for ocean-and-Intracoastal views with interiors by Champalimaud. Some buildings enforce no-rental policies, others allow seasonal leases, and older towers are now budgeting for Florida's newer condo-reserve requirements, which buyers should read in the governing documents.

Market positioning & pricing

A $1.5 to $1.8 million town median, with oceanfront far higher

Sold and asking data, 2025 to October 2026

Town-wide condo and co-op sales carried a median between roughly $1.5 million and $1.8 million across 2025, with five-million-plus condo sales nearly doubling year over year. Oceanfront building medians track much higher: 3550 South Ocean near $5.0 million, Bellaria near $5.6 million, Twenty One Hundred near $4.4 million, and renovated units at One Royal Palm listing around $6.45 million. Listing prices across the town range from the hundreds of thousands in older buildings such as the Claridges to more than $12 million in trophy addresses. Monthly dues on larger oceanfront units run roughly $4,000 to $5,700. All figures are dated from public sources and building-specific; confirm current fees and inventory with Kelby.

Amenities

Full service, private beach, pools, and proximity

  • Full-service lobbies, doormen, and valet in the oceanfront towers
  • Private beach access, pools, and rooftop sundecks in most oceanfront buildings
  • The Mid-Town municipal beach a short walk from the central buildings
  • Worth Avenue shopping and dining minutes from the 400 Building and One Royal Palm
  • Phipps Ocean Park and the Par 3 near the south-end buildings
  • Unit sizes from roughly 978 square feet at The Reef to full-floor residences near the avenue

Schools

Palm Beach Public, grades PK through 5

The island's public school, Palm Beach Public School at 239 Cocoanut Row, serves grades PK through 5; grades 6 through 12 are zoned off-island by address through The School District of Palm Beach County. Verify current boundaries with the school district.

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.

Access & commute

A1A to the Royal Park bridge, airport minutes away

South Ocean Boulevard (A1A) runs past the buildings, with Royal Palm Way carrying the Royal Park Bridge to downtown West Palm Beach and the Flagler Memorial and Southern Boulevard bridges serving the island's north and south ends. Palm Beach International Airport is a short drive over the bridges in normal traffic.

HOA, condo & restrictions

Dues, rental policies, and reserve laws vary by building

Every building sets its own fee schedule, rental policy, and capital-assessments history: the 2500 Building at 2500 South Ocean Boulevard enforces a strict no-rental policy, while other towers allow seasonal leases within the town's rental rules. Monthly dues on larger oceanfront units run roughly $4,000 to $5,700, and Florida's newer condo-reserve and milestone-inspection requirements mean older towers are raising reserves, which can surface as special assessments. Read the governing documents and current fee schedule with Kelby before making an offer.

Flood zone & insurance

Oceanfront towers sit in coastal flood zones

Oceanfront buildings sit within FEMA-mapped coastal flood zones, and flood insurance is required for federally backed mortgages in Special Flood Hazard Areas; owners of land (and, in some buildings, unit owners through their associations) also budget wind coverage. The town has been working on seawall projects along the Midtown and south-end beaches. Verify each building's situation with FEMA's Flood Map Service Center and an insurer.

New construction & pre-construction

3550 South Ocean was the last new tower; resale dominates

Completed

3550 South Ocean, completed in 2019, is the most recent oceanfront building on the island, with 30 units around a $5.0 million median. New-construction condo product on the island itself is otherwise scarce; most inventory is resale in the landmark towers. Confirm current availability with Kelby.

Sources · verified October 2026

Investment & rental considerations

Rental yield depends entirely on the building's policy

The island's no-short-term-rental rule applies to condos, and individual buildings further restrict leasing, some to outright no-rental. Seasonal three-month-and-up rentals feed a winter high season, but by 2025 the market was also absorbing rising insurance and reserve costs that squeeze older buildings' returns. No general yield figures were verified; underwrite the specific building with Kelby.

Frequently asked questions

Straight answers about Palm Beach Oceanfront Condos.

What is the newest oceanfront condo building on Palm Beach?

3550 South Ocean, completed in 2019, with 30 units and a median around $5.0 million. Most island condo inventory is resale in older landmark towers.

What does a Palm Beach condo cost?

The town-wide condo median ran roughly $1.5 to $1.8 million across 2025, while oceanfront buildings like 3550 South Ocean and Bellaria carry medians around $5 million and up. Confirm the current market with Kelby.

Are Palm Beach condos a good rental investment?

Only within the rules: the town bans short-term rentals, so rents run on roughly 90-day-and-up terms only if the building allows leasing at all; some oceanfront buildings enforce no-rental policies. Read the governing documents before underwriting.

Are older condo buildings raising fees?

Yes. Newer Florida condo-reserve and milestone-inspection requirements are pushing older towers to build reserves, sometimes through special assessments, alongside rising insurance. Budget for fee increases and review the current fee schedule.

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.

  • Palm Beach Luxury condos

    Building directory with median prices and dues

    Source
  • The A+ Realtor condos vs estates

    Condo versus estate trade-offs

    Source
  • Elizabeth DeWoody condo median

    Condo median near $1.8 million, 2025

    Source
  • Andres Jara Palm Beach buildings

    Building list and price ranges

    Source
  • Palm Beach Daily News $6.45M condo

    Renovated One Royal Palm-area condo asking price

    Source
  • Palm Beach Luxury buying guide

    Buying process and fee considerations

    Source
  • The Real Deal condo market regulations

    Reserve laws, insurance, and older buildings

    Source
  • Town of Palm Beach rental FAQ

    No short-term rentals

    Source
  • Coral Springs Talk Midtown seawall

    Midtown seawall project

    Source
  • FEMA Flood Map Service Center

    Flood zone verification per property

    Source
  • US News: Palm Beach Public School

    PK-5 magnet school

    Source
  • School District of Palm Beach County

    Boundary maps

    Source
  • Town of Palm Beach new residents

    Bridges and island access

    Source
  • Palm Beach Daily News bridge schedules

    Bascule bridge schedules

    Source

Each source above verified October 2026

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