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$2,100,000 Coming Soon
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Property Description
For the first time ever, this one-of-a-kind, extensively remodeled Penthouse is being offered for sale. Showcasing breathtaking direct east-facing views of the Atlantic Ocean and Intracoastal Waterway from nearly every room, this exceptional corner residence offers a level of luxury, privacy, and architectural uniqueness rarely found in Downtown West Palm Beach. A truly rare opportunity, this home features a dramatic double-wide kitchen expansion that immediately captivates from the moment you enter. The enlarged footprint creates a grand sense of scale, opening unobstructed sightlines from the living and dining areas and out to the wraparound balcony. There is simply no other floor plan like it in the building, a genuine 1-of-1 offering in the heart of Downtown West Palm Beach. Perfectly positioned on the coveted lower penthouse level, this residence combines sweeping water views with an unbeatable location in one of the country's fastest-growing luxury markets, now widely known as "Wall Street South." Two highly desirable garage parking spaces and a large private storage unit further elevate the value and rarity of this exceptional offering. At the heart of the residence is an absolutely stunning, magazine-worthy chef's kitchen unlike anything else in CityPlace South Tower. Completely reimagined and expanded, this showpiece was designed with both luxury and functionality in mind. Custom cabinetry seamlessly conceals a full suite of integrated Miele appliances, including an extra-large refrigerator and a built-in Miele coffee system that brings the café experience home. Hardware-free push-to-open cabinetry, in-cabinet lighting, extensive custom storage solutions, and sleek designer finishes create a clean, sophisticated aesthetic, while custom tray ceilings and end-to-end recessed lighting provide a warm and inviting ambiance. Whether entertaining guests or enjoying a quiet morning overlooking the water, this extraordinary kitchen serves as the centerpiece of the home and is truly a chef's dream. Designer sophistication continues throughout the residence with soaring 10-foot ceilings, expansive floor-to-ceiling windows and sliders, and a seamless connection to the oversized 400-square-foot wraparound balcony. Every detail has been thoughtfully curated, including a newer top-of-the-line Bosch air conditioning system that provides exceptional comfort and efficiency year-round. The result is a residence that perfectly blends luxury, comfort, and modern convenience while maximizing its stunning eastern exposure. CityPlace South Tower is widely regarded as one of the premier luxury condominium buildings in Downtown West Palm Beach and stands out as perhaps the healthiest high-rise condominium community in the downtown market. With strong reserves, no special assessments, and virtually no maintenance fee increases for 2026, owners can enjoy an exceptional level of financial stability and peace of mind that is increasingly difficult to find. Situated in the heart of booming Downtown West Palm Beach, residents enjoy immediate access to world-class dining, shopping, entertainment, and culture. Walk to the Kravis Center for the Performing Arts, Brightline, waterfront events, acclaimed restaurants, nightlife, and countless destinations that make downtown one of South Florida's most vibrant urban centers. The pristine beaches of Palm Beach Island are just minutes away, while the building is uniquely zoned for an A-rated elementary school district. Downtown West Palm Beach is currently undergoing one of the most significant transformations in the nation. Billions of dollars in new investment are reshaping the city through the development of Class-A office towers, luxury hotels, expanded waterfront spaces, and acclaimed destinations such as Eataly, Milos, Harry's of New York, and numerous other high-end restaurants and retailers. The city is rapidly emerging as a major financial and academic hub, highlighted by the planned Vanderbilt
Full Property Details
Full Property Details for 550 Okeechobee Blvd #Lph-23
General
- Price: $2,100,000
- HOA FEE: $1,830/month
- Taxes: $9,763 (2025)
- Status: Coming Soon
- Type: Condo
- Source: Regional
- MLS ID: B26043812
- Updated: 6/21/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Built-in Features, Breakfast Area, Bathtub, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Family/Dining Room, High Ceilings, Jetted Tub, Kitchen Island, Kitchen/Dining Combo, Pantry, Split Bedrooms, Storage, Soaking Tub, Separate Shower, Bar, Walk-In Closet(s)
- Appliances: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
- Furnishings: Negotiable
- Flooring: Marble, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Washer Dryer Install Allowed
Additional Information
- Shared Amenities: Billiard Room, Bike Storage, Business Center, Cabana, Clubhouse, Fitness Center, Gated, Hot Water, Library, Management, Picnic Area, Pool, Parking, Sauna, Spa/Hot Tub, Security, Storage, Sidewalks, Trash, Elevator(s)
- Pool: Yes
- Pool Description: Association, Heated, Outside Bath Access
- Spa: Yes
- Spa Description: Heated, In Ground
- Security/Safety: Security System Owned, Security System, Closed Circuit Camera(s), Fire Sprinkler System, Gated Community, Key Card Entry, Lobby Secured, Smoke Detector(s), Security Guard
- Equipment: List Available
Exterior
- Exterior Features: Awning(s), Built-in Barbecue, Balcony, Barbecue, Courtyard, Lighting, Outdoor Kitchen, Outdoor Living Area, Outdoor Shower
- Porch/Patio/Deck: Covered, Terrace, Wrap Around, Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Attached, Covered, Garage, Guest, Valet
Location
- County: Palm Beach
- Subdivision: CITYPLACE SOUTH TOWER CONDO
- Driving Directions: Take Exit 70 off I-95. Head East on Okeechobee Blvd. Go past the Convention Center and Hilton Hotel on the Right, and make the very next Right on Rosemary Ave, and then your very First Left - and head straight across and under the arched entranceway.
- Direction Faces: East
School Information
- Elementary School: Palm Beach Public
- Middle School: Conniston Community
- High School: Forest Hill
Community
- Community Name: 5430
- Association: Yes
- Assoc. Fees Include: Common Areas, Cable TV, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Pool(s), Reserve Fund, Sewer, Security, Trash, Water, Internet
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Contemporary, Mediterranean
- Structure Type: Multi Family
- Construction: Metal Frame, Concrete, Stucco
- Roof: Concrete, Tile
- Windows: Blinds, Sliding, Storm Window(s)
- Entry Floor Number: 18
- Stories/Levels: 1
- Building Size: 2111
- Square Feet: 1,709
- Sq. Ft. Source: Plans
- Living Area: 1,709 Sq. Ft.
- Year Built: 2008
- Property Condition: Resale
Additional Structures
- Other Structures: Cabana, Pergola
Lot Features
- Property View: City, Garden, Intercoastal, Ocean, Pool, Water
- Sidewalks: Yes
- Lot Features: Corner Lot, Landscaped, Many Trees
- Zoning: CPD(ci
Water Features
- Water View: Yes
- Water Front View: None
Financial Considerations
- Association Fee: $1,830
- Assoc Fee Freq.: Monthly
- Tax Amount: $9,763
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Standard, Listed As-Is
- Legal Description: CITYPLACE SOUTH TOWER CONDO UNIT UPH-23
- Property ID: 74434328340002123
Listed by Compass Florida LLC
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Price & Sales History for 550 Okeechobee Blvd #Lph-23
Date
Details
Price
Change
Source
6/21/2026
Listed
$2,100,000
262.07%
MLS
4/30/2010
Sold
$580,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 550 Okeechobee Blvd #Lph-23
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,766
3%
$514,803
3%
2024
$9,473
1%
$500,294
3%
2023
$9,341
1%
$485,722
3%
2022
$9,250
—
$471,575
3%
2021
$9,237
—
$457,840
1%
2021
$9,237
2%
$451,519
2%
2019
$9,056
5%
$441,368
2%
2018
$8,602
1%
$433,138
2%
2017
$8,506
—
$424,229
2%
2016
$8,495
-2%
$415,503
1%
2015
$8,667
—
$412,615
1%
2014
$8,677
1%
$409,340
1%
2013
$8,561
—
$403,291
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 550 Okeechobee Blvd #Lph-23
550 Okeechobee Boulevard #Lph-23, West Palm Beach, FL 33401 (MLS# B26043812) is a Condo property with 2 bedrooms and 2 full bathrooms. 550 Okeechobee Boulevard #Lph-23 is currently listed for $2,100,000 and was received on June 21, 2026. Want to learn more about 550 Okeechobee Boulevard #Lph-23? Do you have questions about finding other Condo real estate for sale in West Palm Beach? You can browse all West Palm Beach real estate or contact a Coldwell Banker agent to request more information.
