Palm Beach

The island is bounded by the Atlantic Ocean on the east and the Lake Worth Lagoon, part of the Atlantic Intracoastal Waterway, on the west. Three bridges connect it to West Palm Beach: the Flagler Memorial Bridge at Royal Poinciana Way, the Royal Park Bridge at Royal Palm Way, and the Southern Boulevard Bridge at the south end, all bascule bridges with operating schedules set by the U.S. Coast Guard. Worth Avenue runs four blocks from the lagoon to South Ocean Boulevard, and the island's character shifts from in-town streets in the middle sections to estate-scale lots toward the north and south ends.

Closed sales and asking data, 2025 to October 2026

BeachesMLS data compiled by Palm Beach Luxury shows 287 closed residential sales in 2025 at a median sale price of about $2.5 million; Redfin reports a similar 3-month median of about $2.6 million through May 2026. Single-family homes alone sold at a much higher median, roughly $11.3 million in August 2026. Condominiums sit at a different price point: the town's condo median ranged from about $1.5 million to $1.8 million across 2025. These are dated counts and medians from public sources, not guarantees: inventory at the top of the market is thin and moves quietly, so confirm the current read with Kelby before planning a visit.

The island's public school is Palm Beach Public School, a magnet elementary school at 239 Cocoanut Row serving grades PK through 5 in The School District of Palm Beach County. The island has no public middle or high school, so grades 6 through 12 are zoned off-island to district middle and high schools assigned by address. Boundaries change and are set per parcel, never by community name: verify current assignments with The School District of Palm Beach County before relying on any zone.

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.

The Town of Palm Beach prohibits short-term rentals in residential zoning districts: its code defines residential use as occupancy for periods of less than three months, no more than three times per calendar year, which effectively sets a roughly 90-day minimum rental. Long-term rentals are allowed, and a Business Tax Receipt is required only if an owner rents more than one property. Maximum building height in the single-family estate districts is 35 feet, with district-specific lot sizes and height planes (R-AA requires a 60,000-square-foot minimum lot; R-A requires 20,000). Exterior changes to designated landmarks or historically significant buildings need review by the town's Landmarks Preservation Commission. Verify the current code with the town before planning any work or rental.

Unverified

Much of the island's new product arrives as full teardown-and-rebuild estates, with speculative houses built by developers surfacing regularly on the ocean side. Current new-construction and spec inventory was not verified in this research; availability and pricing are confirmed directly with Kelby.