New Developments Palm Beach County

Sixteen new luxury condominium projects are in motion across Palm Beach County: twelve in West Palm Beach, one in Palm Beach Gardens, one in Juno Beach and two in Boca Raton. In West Palm Beach the set runs from South Flagler House (108 residences, Robert A.M. Stern Architects, from $5.9M) and Edgeworth (168 residences, Kohn Pedersen Fox, from $2.5M) through Olara, The Berkeley, Ritz-Carlton Residences West Palm Beach, Mr. C Residences, Shorecrest, Alba Palm Beach, Banyan Tree Residences (88 residences, OMA, from $1.9M), Nora House (117 residences, from $2M) and Mandarin Oriental Residences (87 residences, Safdie Architects, from $3.5M), with the completed Forté on Flagler now resales only. Beyond the city: Ritz-Carlton Palm Beach Gardens (106 residences, from $3.8M), Caretta in Juno Beach (95 residences), and in Boca Raton Glass House (28 residences, from $2.7M) and The Residences at The Boca Raton (75 residences, from $5M).

Developers often price early phases below what they expect to achieve at delivery, but the spread varies by project and by how far construction has progressed, and it is not guaranteed. Buildings that are complete or sold out by the developer, such as Forté on Flagler and South Flagler House, move to a resale market where prices reflect closed sales and current demand.

Earlier-stage projects such as The Berkeley and the Ritz-Carlton West Palm Beach (both 2028) carry a longer wait and construction-period risk in exchange for earlier pricing. The right comparison depends on the unit, the floor and the building, and we provide it at unit level against resale inventory in the same submarket.

Deposit structures vary by developer but typically total 20 to 30 percent of the price, paid in installments tied to construction milestones: usually 10 percent at contract, then further deposits at foundation completion, top-off and before closing. Under Florida Statute 718 the first 10 percent must be held in escrow, and amounts above that may be released to the developer for construction if the contract allows it.

Some developers offer modified structures or financing through preferred lenders. Review the offering documents, the deposit schedule and the default provisions with an experienced Florida condominium attorney before signing. We can provide a side-by-side comparison of deposit terms across the active projects.

Eight of the sixteen projects sit on or beside the Intracoastal Waterway. Olara and Alba Palm Beach include private marinas with resident boat slips. Ritz-Carlton Palm Beach Gardens has a 29-slip marina accommodating vessels up to 75 feet, with a direct run to Palm Beach Inlet. South Flagler House, Ritz-Carlton WPB, Shorecrest and Forté on Flagler sit directly on the water facing Palm Beach Island, and Mandarin Oriental Residences holds 215 feet of Intracoastal frontage in Northwood. Beyond the waterway, Caretta is about 400 yards from the Juno Beach sand, and The Residences at The Boca Raton faces Lake Boca along the resort golf course with beach club access. The Berkeley fronts Clear Lake.

Investment performance depends on the specific building, unit, floor level, and holding period. Factors that have historically supported pricing in the West Palm Beach condominium market include the continued relocation of financial and professional services firms to the region, Florida’s zero state income tax, limited remaining waterfront development sites, and the expansion of infrastructure including the Brightline rail connection to Miami and Orlando.

Buyers evaluating new construction for investment should consider the developer’s track record, the building’s competitive set, projected HOA fees, and rental restrictions (which vary significantly by building). Some projects, such as Mr. C Residences, include a hotel rental program. Others restrict short-term rentals entirely. Our team provides building-specific financial modeling on request.

Amenity programs vary substantially across the sixteen projects. Olara has nearly 80,000 SF of amenity space managed by Arch Amenities Group, a José Andrés restaurant, and a private marina. South Flagler House offers 50,000 SF of private club amenities through The Related Life platform, and next door Edgeworth plans more than 90,000 SF with a private elevator to every residence. Banyan Tree Residences devotes a full floor to wellness, with a spa, meditation dome, hammam and cold plunge. Nora House puts its program on the roof: pool, bowling, pickleball and a golf simulator. Shorecrest features an Equinox-managed fitness program, Mr. C Residences includes three Bellini dining venues by Cipriani, Alba has a private dock and Mount Sinai medical concierge, and residents of The Residences at The Boca Raton receive access to the resort and its beach club.