Community guide · Market data through September 26, 2026
At a glance
The Town of Palm Beach sits on a barrier island between the Lake Worth Lagoon and the Atlantic Ocean, across the water from West Palm Beach. It runs about 12 miles south from the Lake Worth Inlet, with single-family streets in the north and middle of the island and most condominium and cooperative buildings south of Sloan’s Curve. Exterior changes go through town design review, and hundreds of properties are designated landmarks. In the 90 days ending September 26, 2026, single-family homes with a Palm Beach address sold for a median $12,000,000 and condos for $1,550,000.
By Oleg Sulyma, Realtor®Market data through September 26, 2026
Market snapshot
90 days ending September 26, 2026 · 87 closed sales
| Type | Sales | Median price | Per sq ft | Days to close |
|---|---|---|---|---|
| Single-family | 23 | $12,000,000 | $3,050 | 148 |
| Condo | 62 | $1,550,000 | $1,041 | 142 |
| Townhome | 2 | Too few sales to report | ||
| ZIP | Sales | Median price | Days to close |
|---|---|---|---|
| 33480 Town of Palm Beach and South Palm Beach | 85 | $2,687,000 | 142 |
Condos and townhomes were 74% of Palm Beach sales in this period, against 42% across Palm Beach County, where the median sale price for all home types was $515,000.
Medians of closed sales of single-family homes, condos and townhomes with a Palm Beach mailing address, June 29 – September 26, 2026. A mailing address can sit outside city limits: see the ZIP notes. Days to close is closing date minus list date. Figures are calculated from public listing records, not the MLS, and can differ from MLS statistics. Types with fewer than 5 sales are not reported.
This month's market
Palm Beach had fewer than 30 sales in July 2026, so this covers the 3 months ending then.
From May to July 2026, 118 homes closed in Palm Beach at a median sale price of $2,494,875. That median was up 0.6% from April to June 2026, when it stood at $2,481,000. Closed sales were down 22.9% from the 153 recorded in April to June 2026. The median price per square foot was $1,355, down 0.5% from $1,362.
Homes sold for a median of 92.4% of their list price, down 0.3 points from 92.7%. Of the 118 sales, 96 sold for $1 million or more, which is 81.4% of all sales. Condos accounted for 87 sales with a median of $1.61 million, and 28 single-family homes sold at a median of $15.85 million. The highest sale price was $37.1 million. Across Palm Beach County, the median sale price for May to July 2026 was $535,000, and homes sold for a median of 96.3% of list.
Up 0.6% from April to June 2026
153 in April to June 2026
Palm Beach County median for May to July 2026: $535,000.
Medians of closed sales with a recorded list price, from public listing records, not the MLS. Days to close is not shown when list dates for the period are not reliable. See the full Palm Beach County report.
Living in Palm Beach
Palm Beach is an incorporated town, established in 1911, on a 12.28-mile barrier island. The island is no wider than three-quarters of a mile and in places only 500 feet wide. The Lake Worth Lagoon, which is the Intracoastal Waterway, lies to the west, the Lake Worth Inlet to the north and the Atlantic to the east. The town’s own plan says it is built out, so new housing comes from redevelopment of existing lots and buildings rather than new land.
Resort development came first. Henry Flagler’s Royal Poinciana Hotel opened the island to winter visitors, a rail spur reached it in 1895, and The Breakers replaced his Palm Beach Inn after fires in 1903 and 1925. In 1918 Addison Mizner arrived and, with Paris Singer, built the Everglades Club at the west end of Worth Avenue, bringing Mediterranean Revival architecture to the island. Worth Avenue’s arcaded shops and pedestrian vias, including Via Mizner and Via Parigi, date from the 1920s through the 1940s.
The town’s comprehensive plan counts about 5,439 condominium units, 951 cooperative units and 49 townhouses, against roughly 2,393 single-family homes. Single-family land makes up about half the town and sits mostly in the north and south-central parts of the island. Most multi-family buildings are south of Sloan’s Curve and date from the 1960s onward. After the 1947 hurricane, South Ocean Boulevard (SR A1A) was moved from the ocean side to the lake side there, which opened land for oceanfront and lakefront apartment buildings, many later converted to condominiums.
Architecture spans more than a century: 1920s Mediterranean Revival by Mizner, Maurice Fatio and John Volk, then British Colonial, Bermuda, Georgian and Monterey styles after the Depression, plus Regency, Ranch and Mid-Century Modern homes built through the 1970s. Many 1920s estates were subdivided after World War II. The Mizner-designed El Mirasol estate, for example, became the 14-lot El Mirasol Estates, with only its entrance gate kept as a landmark.
Four bridges cross the Lake Worth Lagoon. The Flagler Memorial Bridge (the “north bridge”), the Royal Park Bridge (the “middle bridge”) and the Southern Boulevard Bridge on SR 80 connect to West Palm Beach. The Robert A. Harris Memorial Bridge connects the south end to Lake Worth Beach, and Ocean Boulevard (SR A1A) also enters from the south. On the island, SR A1A and North and South County Road carry most traffic. Brightline’s West Palm Beach station is on Evernia Street downtown, about half a mile east of the Tri-Rail and Amtrak station. Southern Boulevard leads west to President Donald J. Trump International Airport (formerly Palm Beach International).
Areas
The town’s planning documents divide the island into a northern commercial area, Midtown and the South End, with residential streets between them.
Mostly single-family streets north of the Royal Poinciana Way commercial area, much of it zoned R-B. Many houses here were built from the 1930s to the 1970s as one-story homes of 2,500 to 3,000 square feet or less, and larger houses have replaced many of them since the 1980s.
Ask Oleg about homes in the North EndThe island’s original main street, next to the Flagler Memorial Bridge. It is a National Register historic district of 36 buildings built between 1915 and 1954, and the Royal Poinciana Plaza shops, restaurants and offices are in the same area.
Ask Oleg about homes near Royal Poinciana WayThe town center around Town Hall on South County Road, with shops on Worth Avenue, South County Road and Peruvian Avenue, offices along palm-lined Royal Palm Way, and the Mid-Town Municipal Beach. Much of this area was laid out as the Royal Park subdivision.
Ask Oleg about homes in Midtown and near Worth AvenueThe Lake Trail runs along the Lake Worth Lagoon from South Lake Drive near Peruvian Avenue north to just past the Sailfish Club, behind lakefront homes and past the Flagler Museum grounds.
Ask Oleg about homes along the Lake Trail and the lakefrontSouth of Sloan’s Curve, SR A1A is lined with oceanfront and lakefront condominium and cooperative buildings, many first built as hotels and apartments, along with Phipps Ocean Park, a 26-acre town park with a public beach. The town plans a long-range study of this area because many of its buildings are aging.
Ask Oleg about homes in the South EndA stretch of town properties along A1A lies south of the Robert A. Harris Memorial Bridge, separated from the rest of Palm Beach by the bridge landing, with a small commercial node near the bridge and the Town of South Palm Beach beyond it.
Ask Oleg about homes south of the Lake Worth BridgeBefore you buy
The whole town is inside the hurricane vulnerability zone, and the Coastal High Hazard Area is a narrow band along the coast. Oceanfront lots seaward of the Coastal Construction Control Line face the most storm exposure. On the lake side, low areas can flood from the lagoon at high tide: the town’s plan shows King Tide flooding on the Lake Trail in 2018 and 2019, and parts of the North End flooded in heavy rains in 2000 and 2001. The town provides FEMA flood zone determinations and copies of elevation certificates, and you should also look up the address on FEMA’s Flood Map Service Center before you make an offer.
Palm Beach takes part in FEMA’s Community Rating System as a Class 6 community, which gives National Flood Insurance Program policyholders a discount. If improvements to a building cost half or more of its market value, the whole building must meet the flood rules for new construction. Check this before you plan a major remodel of an older house.
Two Florida rules apply to every sale. Since October 1, 2024, Florida sellers of residential property must hand buyers a flood disclosure at or before signing the contract, and since October 1, 2025 it covers any flooding that damaged the property during the seller’s ownership, flood insurance claims (including with the National Flood Insurance Program), and any flood-damage assistance received, such as from FEMA. Citizens Property Insurance is also phasing in required flood coverage on its policies that include wind coverage: it already applies in FEMA high-risk zones and to higher-value homes, and reaches all remaining such policies written or renewed on or after January 1, 2027. Condo unit owner policies are exempt.
Two review boards shape what you can change. The Architectural Commission (ARCOM) approves new construction, exterior changes visible from the street and landscaping on properties that are not landmarked. The Landmarks Preservation Commission reviews changes to more than 300 designated landmark properties, sites and vistas, including courtyards and garden walls but not interiors. Landmark owners can apply for a ten-year tax abatement on restoration work. Ask whether a property is landmarked, or inside a historic district, before you plan changes.
In the condo and co-op buildings, check the form of ownership. In a Florida cooperative, the association holds title and you hold a share plus a lease to your unit under Chapter 719 of the Florida Statutes, so read the cooperative documents for approval, leasing and financing rules before you offer. Many South End buildings are older and must meet Florida’s condominium and cooperative inspection rules, which can lead to special assessments.
Condo buildings three habitable stories or taller need a milestone inspection by December 31 of the year they turn 30, then every 10 years; local officials can require it at 25 where salt water or similar conditions warrant. A deeper phase two follows only if the visual phase one finds substantial structural deterioration. These buildings also need a structural integrity reserve study every 10 years, and owners can’t vote to waive or cut reserves for the items it covers. Before buying, ask for the inspection summary, the reserve study, and any special assessments. Resale buyers get 7 days, not counting weekends and holidays, after receiving the association documents to cancel.
Questions
33480 covers the Town of Palm Beach. It is also the ZIP code of the Town of South Palm Beach, a separate municipality to the south with its own town hall and rules. Neighboring Manalapan uses 33462. West Palm Beach is a separate city on the mainland.
Parts of it. The whole island is in the hurricane vulnerability zone, oceanfront lots face storm surge and waves, and low lakeside areas can flood at King Tides. Look up the address on FEMA’s Flood Map Service Center, ask the town for its flood zone determination, and ask for the elevation certificate before you make an offer.
Only with town approval. The Architectural Commission reviews new construction, exterior changes visible from the street and landscaping. If the property is a designated landmark, the Landmarks Preservation Commission must issue a Certificate of Appropriateness for exterior work. Ask about both before you plan a project.
With a condominium you own your unit by deed. With a cooperative, the association owns the building and you hold a share and a lease to your unit, under Chapter 719 of the Florida Statutes. The town has about 951 cooperative units, so check which kind of ownership a listing is before you offer.
Four bridges: the Flagler Memorial Bridge, the Royal Park Bridge and the Southern Boulevard Bridge from West Palm Beach, and the Robert A. Harris Memorial Bridge from Lake Worth Beach. Ocean Boulevard (SR A1A) also enters from the south through South Palm Beach.
Written by Oleg Sulyma, Realtor® with Coastal Properties
Market figures are medians of 87 closed sales of single-family homes, condos and townhomes with a Palm Beach mailing address, June 29 – September 26, 2026, calculated from public listing records. Community facts come from the public sources listed below.
Get a pricing plan built from the latest Palm Beach closed sales, or a search set up for the areas above.