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Palm Beach, Florida
Palm Beach Towers rose in 1956 on the most storied ground in town, the site of Henry Flagler's Royal Poinciana Hotel, once the largest resort hotel in the world. The H shaped building spreads six stories across six waterfront acres beside Royal Poinciana Plaza. Since 1973 it has run as a full service cooperative, with a staff, dining and grounds no condominium in town matches.
Market Intelligence
Closed sales in the selected window, grouped by price tier.
Palm Beach Towers closed sales by price tier, trailing twelve months, data through July 10, 2026. Source: Beaches MLS. · Updated October 19, 2026
Closed sales, Beaches MLS. Select any tier to view its recent sales. Tiers with fewer than three sales list each sale but show no median.
The Building
The ground came first. Henry Flagler opened the Royal Poinciana Hotel here in 1894, and at its height it was the largest resort hotel on earth before demolition in 1936. Palm Beach Towers rose on the site in 1956 as an apartment hotel, and Harry and Leona Helmsley converted it to cooperative apartments in 1973, keeping a residence themselves.
The building still runs on hotel logic: full staff and doormen, on site dining, a salon, a waterfront pool and six acres of grounds on the Intracoastal. The Breakers’ Ocean Course sits across the water, and Royal Poinciana Plaza is next door. An April 2026 sale reached $7.1M.
| Address | 44 Cocoanut Row, beside Royal Poinciana Plaza |
|---|---|
| Built | 1956, on the Royal Poinciana Hotel site |
| Structure | Cooperative since 1973, share purchase with board approval |
| Scale | Six stories, H shaped, on six waterfront acres, more than 225 residences |
| Service | Full staff and doormen, on site dining, salon, waterfront pool, fitness center |
| How It Trades | By line and exposure, with lakefront lines on top |
The Royal Poinciana Hotel defined the resort's first golden age, six stories of yellow clapboard that could sleep near two thousand guests. When the Towers rose on its site in 1956, it inherited the location that built the town: the lakefront at the island's social crossroads. The Plaza stands beside it and the Breakers across the water.
The Helmsley conversion of 1973 made it a cooperative, and it has traded on that structure since, share purchases with board approval rather than deeds.
The Towers keeps services most buildings dropped decades ago: dining on site, a salon, full staff, and grounds crews tending six acres. Residents cross the street to the Plaza's restaurants and shops, and the Flagler Museum anchors the block behind.
Plans run from efficient one bedrooms to combined lakefront spreads, which gives the building the widest entry range in town for a full service address.
Side by side
Market data is pulled live from the MLS on a trailing twelve-month basis, across all property types. Building details below are reference.
View All Luxury Condos →Building Intelligence
Line-by-line sales activity, floor plan analysis, and building-specific commentary on Palm Beach Towers - the granular detail that separates a good purchase from a great one in this tower.
The MLS types every sale at the island's two grand cooperatives as a condominium, and the mainland's co-op discount assumption inverts here. What the stock, the proprietary lease, and the board actually change for a Palm Beach buyer, on the...
Read More : The Co-op Question
Built in 1956 where the Royal Poinciana Hotel once stood, one of the island's most active buildings repriced from a $1.0M median to $3.6M. Three sales above $7M just rewrote its ceiling. The full ledger.
Read More : Palm Beach Towers: The Co-op on Flagler’s GroundCommon Questions
No, it is a cooperative, and has been since the Helmsley conversion of 1973. Buyers purchase shares with board approval rather than taking a deed, and we walk through the differences, financing included, before any offer here.
The range is the town’s widest for a full service building, from efficient one bedrooms to combined lakefront lines, and an April 2026 sale reached $7.1M. Current closings and medians are in the market table on this page, which updates automatically.
Full staff and doormen, on site dining, a salon, a waterfront pool, a fitness center and six acres of tended grounds. The building has run on hotel logic since it opened in 1956.
Henry Flagler’s Royal Poinciana Hotel, opened in 1894 and once the largest resort hotel in the world, demolished in 1936. The Towers rose on the ground in 1956, next to what became Royal Poinciana Plaza.
Lakefront lines face the Intracoastal with the Breakers’ Ocean Course, Florida’s oldest, across the water. Other exposures carry the Plaza, the gardens and the town. Line and floor drive pricing more than size.
They are the town’s two great converted institutions. The Biltmore is the landmarked 1926 hotel as condominium, while the Towers is the 1956 building on Flagler’s ground as cooperative, with deeper daily services. Structure, not architecture, usually decides the choice.
We'd welcome the conversation.
