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Palm Beach, Florida
60 oceanfront residences across three low-rise buildings on 8 acres at the southern end of Palm Beach Island, completed 1979.
Market Intelligence
Transaction-based market statistics for 2500 South Ocean Boulevard.
About The Community
The 2500 Building is a 60-residence oceanfront condominium at 2500 South Ocean Boulevard, at the southern end of Palm Beach Island. Completed in 1979, the property consists of three five-story buildings on approximately 8 acres of direct oceanfront land. The low-rise format, large site, and low unit count give the property a residential scale uncommon among Palm Beach condominiums.
Residences range from approximately 2,500 to 4,000 square feet, configured as three- and four-bedroom floor plans. Most units feature wrap-around balconies with ocean, Intracoastal Waterway, or garden exposures. Finish levels vary by residence: some units retain their original layouts and materials, while others have been substantially renovated by individual owners over the years. Buyers should expect a range of interior conditions across available inventory.
On-site amenities include a heated oceanfront pool with a dedicated pool attendant, deeded poolside cabanas assigned to select residences, a barbecue and lounge area, tennis courts, a fitness center, and direct private beach access. The Raymond Floyd Par 3 Golf Course sits immediately adjacent to the property. Building services include a 24-hour guarded gatehouse, full-time doorman, and on-site building manager. Each residence is assigned two dedicated garage parking spaces.
The 2500 Building prohibits rentals entirely, making it one of a small number of owner-occupied-only oceanfront condominiums on Palm Beach Island. Within the south-island and mid-island competitive set, the building’s distinguishing characteristics are its site size, low density, and floor plan scale. Sloan’s Curve, the nearest neighbor at 2000 and 2100 South Ocean, is a four-building complex with 96 units built in 1980 and 1981; it offers a similar campus-style layout with comparable floor plans (2,300 to 3,500 SF) but at roughly twice the density on a smaller parcel. The Claridges, an eight-story, 112-unit building from 1973, sits further south and offers significantly smaller units at a lower price point. 3550 South Ocean, completed in 2019 with only 30 units, provides newer construction with modern finishes already in place but at similar or slightly lower pricing. Two North Breakers Row, a 48-unit building on The Breakers Hotel property at the north end of the island, trades at roughly double the 2500 Building’s price range but includes access to the full Breakers service platform. The 2500 Building’s advantage is the combination of 8 acres, floor plans up to 4,000 SF, and three separate low-rise buildings; the trade-off is a 1979 construction date, which means renovation scope and cost vary significantly by unit.
Prospective buyers should request the building’s current 40-year structural inspection report, reserve study, and information on any recent or pending special assessments. Florida’s post-Surfside condominium legislation has made these documents essential to any purchase evaluation, and they are available upon request.
Building Features
On-site facilities and services across the 8-acre oceanfront property.
Residence Options
Three- and four-bedroom configurations ranging from 2,500 to 4,000 square feet, with wrap-around balconies on most residences.
Floors 1–5 · Multiple Layouts
Floors 1–5 · Select Units
Poolside · Assigned to Select Residences
Interior Appointments
Location
The 2500 Building is located on South Ocean Boulevard at the southern end of Palm Beach Island, on the ocean side of the road. The Raymond Floyd Par 3 Golf Course is immediately adjacent to the property. A public bike and jogging path runs along the opposite side of South Ocean Boulevard for the length of the island.
Worth Avenue and the Royal Poinciana Plaza are approximately 10 minutes north by car. Palm Beach International Airport and private jet FBOs are also approximately 10 minutes away. The Lake Worth Bridge provides access to West Palm Beach in roughly 5 minutes; I-95 is approximately 15 minutes from the property.
Common Questions
Three-bedroom residences have typically traded between $3 million and $5 million, and four-bedroom units between $5 million and $7 million. Within those bands, price varies substantially based on floor level, exposure, renovation quality, and whether a deeded cabana is included.
With only 60 residences and no rental turnover, the building sees limited annual sales activity, and a meaningful share of transactions occur off-market. Direct ocean exposure commands the highest premiums within each unit type.
Monthly fees range from approximately $3,000 to $5,315, scaled by unit size. The fee covers cable, master building insurance, exterior maintenance, pest control, sewer, trash, water, pool service, the 24-hour doorman, gatehouse security, on-site building management, and reserve fund contributions.
For a building constructed in 1979, the reserve fund balance and recent contribution trajectory are worth reviewing closely. Florida’s updated reserve requirements apply to a building of this age and coastal proximity, and buyers should request the most recent reserve study as part of diligence.
No. The association prohibits rentals of any kind. All residents are owners, either full-time or seasonal. This restriction has been maintained for decades and effectively eliminates transient occupancy.
For buyers who value a stable, consistent resident base, the no-rental policy is a material differentiator from most competing Palm Beach oceanfront buildings, where short-term or seasonal rental activity is common.
The closest comparisons are Sloan’s Curve, the Claridges, 3550 South Ocean, and Two North Breakers Row. Sloan’s Curve, located immediately to the north at 2000 and 2100 South Ocean, is also a multi-building campus (four buildings, 96 total units, built 1980 and 1981) with comparable floor plans of 2,300 to 3,500 SF, but at roughly twice the density on a smaller site. The Claridges is an eight-story, 112-unit building from 1973 with smaller units and a lower price point. 3550 South Ocean, completed in 2019, offers newer construction with 30 units and modern finishes at a similar or slightly lower price range, but on a fraction of the acreage.
Two North Breakers Row (48 units, built 1986) sits on The Breakers Hotel property and includes access to the full Breakers service platform, but trades at roughly double the 2500 Building’s prices. The 2500 Building’s advantage is the combination of 8 acres, floor plans up to 4,000 SF, and three separate low-rise buildings; the principal trade-off is a 1979 construction date, which makes per-unit renovation cost a real variable in total acquisition basis.
Pets are permitted with restrictions enforced by the association. Specific rules regarding permitted pet types, size limits, and any associated requirements should be confirmed with building management or through your agent prior to making an offer.
The pet policy is set by board resolution rather than the declarations, which means it can be amended by vote. Buyers with specific requirements should confirm current restrictions are acceptable before entering contract, as the rules in place at the time of purchase govern.
A building completed in 1979 on the oceanfront is squarely within the scope of Florida’s post-Surfside structural inspection and reserve funding mandates. The 2500 Building has already passed the age threshold that triggers milestone inspections.
Buyers should review the most recent structural integrity reserve study (SIRS), the current reserve fund balance, the board’s funding plan for any identified repairs, and whether any special assessments have been levied or are anticipated. These documents are the single most important piece of due diligence for a building of this vintage.
Each residence includes two dedicated covered garage parking spaces within the building complex.
For owners who require additional vehicle storage, it is worth confirming with the building manager whether guest or overflow parking accommodates larger vehicles or whether off-site arrangements are necessary.
The poolside cabanas are individually deeded to specific residences and transfer with the unit upon sale. Not every residence includes a cabana; they are a feature of select units and carry a measurable price premium.
For buyers who prioritize private pool-deck space adjacent to the pool and beach, a cabana-equipped unit narrows the available inventory considerably within an already limited building. We can identify which current and upcoming listings include a deeded cabana.
Conditions range widely. Some residences have been fully renovated with contemporary kitchens, marble baths, updated electrical and plumbing, and hurricane-rated windows throughout. Others are largely original. The building’s concrete-and-steel structure and generous ceiling heights accommodate renovation well.
Luxury condo renovations in the Palm Beach market generally run $200 to $600 per square foot depending on scope and finish level, which on a 3,000 SF unit can translate to $600,000 or more added to the acquisition basis. Buyers should factor total renovation cost, construction timeline, and any board-imposed renovation windows into their budget from the outset.
Yes. The association requires board approval for all purchases. The process typically includes a formal application, financial documentation, and personal references. Approval is not guaranteed, and the process can take several weeks.
Buyers should build this timeline into their contract contingencies. The level of scrutiny is consistent with what buyers encounter at comparable owner-occupied Palm Beach buildings with strict no-rental policies.
Unit combinations have been completed at the 2500 Building, creating floor plans exceeding 4,000 square feet. The process requires board approval, a structural engineering review, and re-platting with the county, all of which add cost and timeline.
Before pursuing a combination, buyers should compare the total cost of acquiring two adjacent units plus construction against purchasing one of the building’s existing four-bedroom residences, which already approach 4,000 SF and may include a cabana.
The association’s master policy covers the building structure, common areas, and shared mechanical systems; its cost is embedded in the HOA fee. Individual owners carry their own HO-6 policy covering interior improvements, personal property, and personal liability.
Given the building’s 1979 construction date, direct coastal exposure, and the current state of Florida’s property insurance market, HO-6 premiums can be a meaningful carrying cost, particularly for units with extensive renovations that increase the replacement value of interior finishes. Buyers should obtain HO-6 quotes early in diligence and factor the premium into their annual carrying cost analysis alongside the HOA fee and property taxes.
The 2500 Building's 60 residences on 8 oceanfront acres trade infrequently. We track every unit's ownership status, renovation history, and potential availability. Contact us to discuss current inventory and upcoming opportunities.
