North America

The Palm Beaches

Florida's original luxury enclave

Updated February 6, 2026

Market Overview

The Palm Beaches represent Florida's most established luxury market, from the historic grandeur of Palm Beach Island to the dynamic growth of West Palm Beach. This storied region continues to attract discerning buyers seeking refined coastal living with proximity to world-class culture and commerce.

Live Market Intelligence

Real-time data powered by BrandedResidences.ai

45

Stories Tracked

8

Active Brands

12

Developers

Positive

Market Sentiment

Brand Presence

Luxury hospitality and lifestyle brands active in The Palm Beaches

Four Seasons

12

mentions

Ritz-Carlton

9

mentions

Aman

7

mentions

St. Regis

6

mentions

Developer Activity

Leading developers in the The Palm Beaches branded residences market

1

Related Group

new project, sales milestone

8

2

Fortune International

construction update

6

3

Terra Group

new project

5

Neighborhood Deep Dive

Prime locations for branded residences in The Palm Beaches

Palm Beach Island

Historic billionaire enclave

Price/SF
$2,000-5,000/SF

HOA Fees
$2.50-4.50/SF monthly

Typical Buyer
Multigenerational wealth, CEOs

Key Projects: The Breakers Residences, Via Flagler

West Palm Beach

Dynamic urban renaissance

Price/SF
$1,200-2,200/SF

HOA Fees
$1.50-2.50/SF monthly

Typical Buyer
Finance professionals, corporate relocations

Key Projects: Ritz-Carlton Residences West Palm Beach, The Bristol

Jupiter

Athletic luxury community

Price/SF
$800-1,800/SF

HOA Fees
$1.00-2.00/SF monthly

Typical Buyer
Pro athletes, active families

Key Projects: Admirals Cove, Jupiter Island Club

Boca Raton

Resort-style living

Price/SF
$1,000-2,500/SF

HOA Fees
$1.50-3.00/SF monthly

Typical Buyer
Retirees, seasonal residents

Key Projects: Boca Raton Resort Residences, The Residences at Mandarin Oriental

Investment Analysis

Financial metrics for branded residences in The Palm Beaches

3-5%

Rental Yield

stable seasonal demand

6-10%

Capital Appreciation

annual avg. 2020-2024

70-80%

Absorption Rate

60-120

Days on Market

Tax Considerations

• No state income tax in Florida
• Property tax: 1.6-2.0% of assessed value
• Homestead exemption for primary residence
• Estate planning advantages vs. Northeast

Development Pipeline

Upcoming and in-progress branded residence projects

Upcoming (2025-27)

• Ritz-Carlton Residences West Palm Beach Ritz-Carlton • 106 units • 2027
• The Residences at Mandarin Oriental Boca Raton Mandarin Oriental • 92 units • 2026

Under Construction

• The Bristol Palm Beach
• Via Flagler

Announced

• Four Seasons Private Residences

Buyer Demographics

Who is buying branded residences in The Palm Beaches

Buyer Origin

Domestic (Northeast) 55%

Domestic (Other US) 25%

International 20%

Purchase Intent

Primary Residence 45%

Second Home 40%

Investment/Rental 15%

Amenities Evolution

What branded residences offer in The Palm Beaches

Standard Offerings

• 24/7 concierge
• Valet parking
• Pool/spa
• Fitness center
• Private dining
• Golf privileges

Differentiating Features

• Beach club membership
• Private marina access
• Art collection curation
• Wine storage/sommelier
• Exclusive club membership
• Helicopter transfers

Challenges & Considerations

Key factors buyers should evaluate

Limited Inventory

• Few branded projects available
• High barriers to entry
• Competition from off-market sales

Insurance & Maintenance

• Hurricane insurance premiums
• Coastal property requirements
• High HOA fees for services

Seasonal Market

• Peak season Nov-Apr
• Summer vacancy common
• Seasonal staffing challenges

Market Intelligence

Data from Sotheby's International Realty 2026 Luxury Outlook Report

South Florida continues to dominate luxury real estate with Miami ranking #1 and the broader region attracting unprecedented wealth migration from the Northeast.

Palm Beaches benefit from spillover demand as Miami prices escalate, offering established luxury with more measured appreciation.

Security and privacy, followed by economic and political stability, remain top priorities for UHNWI buyers relocating to South Florida.

Generational wealth transfers ($124T through 2048) driving next-generation luxury purchases in established enclaves like Palm Beach.

Future Outlook (2025-2030)

Market projections and trends for The Palm Beaches

Key Predictions

• Wall Street migration continuing
• Corporate HQ relocations driving demand
• Multigenerational wealth transfers
• Infrastructure improvements underway

4-7% annual appreciation through 2027

Price Forecast

5-8 new branded projects expected

Supply Outlook

Featured Properties

Explore branded residences available in The Palm Beaches

Ritz-Carlton

The Ritz-Carlton Residences, West Palm Beach

West Palm Beach

Learn More →

Branded Living Insights

In-Depth Analysis

Expert perspectives on The Palm Beaches's luxury residence market

February 1, 2025

Not Your Grandparents' West Palm Beach: The Ritz-Carlton Residences Arrives in Style

How the iconic hospitality brand is transforming downtown West Palm Beach with its first standalone Florida residences.

Read Full Article

Industry News

Recent headlines from The Palm Beaches's branded residence market

03

Feb

New Luxury Residences Announced in The Palm Beaches

Four Seasons

01

Feb

Record-Breaking Sale at Premium Tower

Ritz-Carlton

30

Jan

Strong Pre-Sales Reported for New Development

Aman