The Enclave: The Buyer’s Brief

Buyer Intelligence

The Enclave: The Buyer’s Brief

Nikko Karki
Nikko Karki November 5, 2026
The Enclave runs a ladder inside one address. Original lines near two million sit at the bottom and renovated lines recorded to $5M at the top, with the renovation budget as the staircase between. Buying here well means choosing a rung deliberately. This brief walks the ladder, and prices the row's next step up for buyers tempted to skip it entirely.
Median price
$2.1M
Recorded closings, two years
Median market time
44 days
Same recorded window
Recorded closings
4
Two years of sales
Recorded record
$5M
A renovated line

How Buying Here Works

Choose the rung before the unit. Renovators should buy the worst line with good bones and underwrite the staircase: purchase, construction at island rates, approvals and two years of carrying costs. Move-in buyers should pay for finished work honestly, since the finished comps justify it. The expensive mistake is the middle, paying up for partial renovations that still need the work.

The association file reads before any of it. Reserves, inspections and the assessment pipeline on a 1985 oceanfront building decide whether the entry price is real.

The Alternative

The row's next step is 2770 South Ocean, thirty residences of newer construction where trades barely happen. It is the scale-and-scarcity answer, priced well above The Enclave's ladder. The table below shows what skipping the renovation staircase costs on this sand.

The Enclave against 2770 South Ocean
Median recorded price in millions, November 2024 through October 2026

BeachesMLS recorded closings, board twins deduplicated.

The row's entry and its mid tier, side by side
Recorded closings, November 2024 through October 2026
The Enclave
2770 South Ocean
Recorded closings, two years
4
4
Median price
$2.1M
$5.3M
Median $ / SqFt
$808
$1,206
Median market time
44 days
260 days
Recorded record
$5M
$7.6M

BeachesMLS recorded closings, board twins deduplicated. Medians inside thin samples are directional.

Timing and Leverage

The Enclave trades on a quick clock when lines price to condition, so renovators should move fast on honest originals. Season matters less than the renovation calendar: closing by late spring lets permits and demolition run through the island's quiet summer, which saves a season of carrying costs.

The Checklist

Before the offer: the association's reserves and assessment history, plus renovation approval rules and working hours. Then a contractor's walk before the inspection window closes, and the finished comps for the exit test. The ladder pays the prepared.

Bottom Line

The Enclave's ladder is the island's most honest arithmetic: entry near two million, a renovation staircase and a finished ceiling that justifies the climb. Pick a rung deliberately, read the 1985 paper first and leave the middle rungs to someone else. The row's scarcer addresses await buyers who would rather skip construction.

The working rule at The Enclave: buy the bottom rung or the top one, and never pay for someone's half-finished staircase.

Every figure is a BeachesMLS recorded closing from November 2024 through October 2026, board twins deduplicated on address and price. The Enclave scope is 3170 South Ocean Boulevard, and the comparison uses 2770 South Ocean Boulevard. Medians on few trades are directional.

BeachesMLS recorded closings via our licensed feed, pulled November 5, 2026.

Nikko Karki
Written by

Nikko Karki

Nikko Karki has worked in real estate for nearly two decades, beginning on the developer side at Related Group in West Palm Beach, then through private real estate investments and cross-border M&A across the U.S., Europe, and Southeast Asia. He holds an M.Sc. in economics from the Helsinki School of Economics. He built Palm Beach Luxury to make his analysis available to anyone in the market, for free.
About our team →
Frequently Asked Questions
Choose the rung first: original lines for renovators, finished lines for move-in buyers. The expensive mistake is paying up for partial work.
Entry trades run near two million and renovated lines have recorded to $5M, with the renovation budget as the staircase between.
By late spring, so permits and demolition run through the island's quiet summer and save a season of carrying costs.
The association's reserves, assessments and renovation rules. The 1985 paper decides whether the entry price is real.
Palm Beach Luxury

Every article we write is built on the same research we use to advise our clients. If anything here sparked your interest, we'd welcome a conversation.

Start a Conversation