Condo in 550 Okeechobee Boulevard Lph-23, West Palm Beach, FL 33401 for sale with MLS# B26043812

For the first time ever, this one-of-a-kind, extensively remodeled Penthouse is being offered for sale. Showcasing breathtaking direct east-facing views of the Atlantic Ocean and Intracoastal Waterway from nearly every room, this exceptional corner residence offers a level of luxury, privacy, and architectural uniqueness rarely found in Downtown West Palm Beach. A truly rare opportunity, this home features a dramatic double-wide kitchen expansion that immediately captivates from the moment you enter. The enlarged footprint creates a grand sense of scale, opening unobstructed sightlines from the living and dining areas and out to the wraparound balcony. There is simply no other floor plan like it in the building, a genuine 1-of-1 offering in the heart of Downtown West Palm Beach. Perfectly positioned on the coveted penthouse level, this residence combines sweeping water views with an unbeatable location in one of the country's fastest-growing luxury markets, now widely known as "Wall Street South." Two highly desirable garage parking spaces and a large private storage unit further elevate the value and rarity of this exceptional offering. At the heart of the residence is an absolutely stunning, magazine-worthy chef's kitchen unlike anything else in CityPlace South Tower. Completely reimagined and expanded, this showpiece was designed with both luxury and functionality in mind. Custom cabinetry seamlessly conceals a full suite of integrated Miele appliances, including an extra-large refrigerator, induction stove-top, and a built-in Miele coffee system that brings the café experience home. Hardware-free push-to-open cabinetry, in-cabinet lighting, extensive custom storage solutions, and sleek designer finishes create a clean, sophisticated aesthetic, while custom tray ceilings and end-to-end recessed lighting provide a warm and inviting ambiance. Whether entertaining guests or enjoying a quiet morning overlooking the water, this extraordinary kitchen serves as the centerpiece of the home and is truly a chef's dream. Designer sophistication continues throughout the residence with soaring 10-foot ceilings, expansive floor-to-ceiling windows and sliders, and a seamless connection to the oversized 400-square-foot wraparound balcony. Every detail has been thoughtfully curated, including a newer top-of-the-line Bosch air conditioning system that provides exceptional comfort and efficiency year-round. The result is a residence that perfectly blends luxury, comfort, and modern convenience while maximizing its stunning eastern exposure. CityPlace South Tower is widely regarded as one of the premier luxury condominium buildings in Downtown West Palm Beach and stands out as perhaps the healthiest high-rise condominium community in the downtown market. With strong reserves, no special assessments, and virtually no maintenance fee increases for 2026, owners can enjoy an exceptional level of financial stability and peace of mind that is increasingly difficult to find. Situated in the heart of booming Downtown West Palm Beach, residents enjoy immediate access to world-class dining, shopping, entertainment, and culture. Walk to the Kravis Center for the Performing Arts, Brightline, waterfront events, acclaimed restaurants, nightlife, and countless destinations that make downtown one of South Florida's most vibrant urban centers. The pristine beaches of Palm Beach Island are just minutes away, while the building is uniquely zoned for an A-rated elementary school district. Downtown West Palm Beach is currently undergoing one of the most significant transformations in the nation. Billions of dollars in new investment are reshaping the city through the development of Class-A office towers, luxury hotels, expanded waterfront spaces, and acclaimed destinations such as Eataly, Milos, Harry's of New York, and numerous other high-end restaurants and retailers. The city is rapidly emerging as a major financial and academic hub, highlighted by the planned Vanderbilt University graduate campus and the continued influx of nationally recognized financial firms establishing offices and headquarters downtown. This unprecedented level of investment is positioning West Palm Beach for sustained long-term growth, making ownership at CityPlace South Tower not only an exceptional lifestyle opportunity but also a compelling investment in one of South Florida's most dynamic and rapidly evolving markets. There is no question that West Palm Beach has captured national attention and firmly established itself at the intersection of luxury living, business, culture, and convenience. Residents enjoy an exceptional collection of resort-style amenities, including 24-hour concierge service, valet parking, a state-of-the-art fitness center, designer club room, summer kitchen pavilion, and a spectacular resort-style pool and spa. This extraordinary penthouse represents a rare combination of architectural uniqueness, luxury finishes, breathtaking water views, financial stability, and an unbeatable downtown location. Opportunities like this seldom come to market. Schedule your private showing today and experience one of the most distinctive residences in all of Downtown West Palm Beach.

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550 Okeechobee Boulevard Lph-23, West Palm Beach, FL 33401

Price
Price:
$2,100,000.00
Original List Price:
$2,100,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,228.78
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Back On Market
Last Major Update on:
August 31, 2026 6:22 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Room Type:
Dining Room, Laundry, Family Room, Den, Great Room, Bedroom 2, Bedroom 3, Kitchen, Living Room, Master Bedroom, Convertible Bedroom
Master Bedroom Bath:
Separate Shower, Whirlpool Tub, Dual Sinks, Separate Tub
Dining Area:
Formal Dining, Kitchen Dining, Breakfast Area, Family/Dining Combination
Measures
Living Area:
1,709 Sqft
Built-Up Area:
2,111 Sqft
Building Area Source:
Plans
Living Area Source:
Plans
Lot Features:
Corner Lot, Landscaped, Many Trees, Sidewalks
Property Features
View from the Property:
Pool, Garden, Ocean, Water, City, Intracoastal
Waterfront:
No
Spa
Spa Features:
Heated, In Ground
Security:
Smoke Detector(s), Fire Sprinkler System, Key Card Entry, Security System, Closed Circuit Camera(s), Security System Owned, Security Patrol, Gated - No Guard, Lobby - Attended
Furnished:
Negotiable
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Ice Maker, Free-Standing Freezer
Interior:
High Ceilings, Pantry, Walk-In Closet(s), Kitchen Island, Entrance Foyer, Built-in Features, Bar, Storage, Bedroom Layout - Split
Exterior:
Awning(s), Balcony, Lighting, Courtyard, Outdoor Shower, Built-in Barbecue, Summer Kitchen, Pool Bathroom
Patio and Porch:
Terrace
Windows:
Blinds, Sliding, Storm Window(s)
Other Structures:
Cabana, Pergola
Laundry:
Washer Hookup, Inside, Laundry Closet, Electric Dryer Hookup
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s), Electric
Heating
Heating System:
Central, Electric
Property Entrance Faces:
East
Other Equipment:
List Available
Unit Description:
Corner/end Unit, Penthouse
Balcony Details:
Balcony - Covered, Balcony - Wrap Around
Storm Protection Impact Glass:
Complete
Construction
Year Built:
2008
Roof:
Concrete, Tile
Architectural Style:
Mediterranean, Contemporary
Levels:
One
Construction Materials:
Stucco, Metal Frame, Concrete
Flooring:
Tile, Marble
Number of stories:
20
Structure Type:
Multi Family
Stories:
1
Flood Zone Code:
No
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$9,763.00
Tax Year:
2025
Association Fee:
$1,829.81
Association Fee Frequency:
Monthly
Property Tax Details:
City/County, Homestead Exemption
Parking
Parking Total Spaces:
2
Garage
Garage Spaces:
2
Covered Spaces:
2
Attached Garage
Parking Features:
Garage, Covered, Assigned, Guest, Valet, Attached Garage
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Electricity Connected, Sewer Connected, Water Connected, Cable Connected
Water Source:
Public
Community
Association
Association Membership:
Mandatory
Application Required
Association Type:
Condominium
Pets Allowed?:
Yes, Breed Restrictions
Lease Number Times per Year Allowed:
12
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Heated Pool, Library, Pool, Sauna, Spa/hot Tub, Community Room, Trash Chute, Billiard Room, Bike Storage, Cabana, Clubhouse, Management, Storage, Security, Elevator(s), Fitness Center, Picnic Area, Gated, Sidewalks, Parking, Manager On Site, Internet Included, Lobby, Hot Water
Subdivision Name:
CITYPLACE SOUTH TOWER CONDO
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Security, Maintenance Structure, Common Areas, Insurance, Internet, Hot Water, Elevator, Common Real Estate Tax, Reserve Funds, Pool Service
Senior Community:
No
Development Name:
Cityplace South Tower Condo
Restrictions:
Parking - No Boat, Parking - No Rv
Minimum Days per Lease:
30
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional, VA Loan
Buyer Possession:
Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
CITYPLACE SOUTH TOWER CONDO UNIT UPH-23
Real Estate Folio Number (Parcel Number):
74434328340002123
Zoning:
CPD(ci
Public Schools Assigned
Elementary School:
Lancaster Elem
High School:
Forest Hill
Middle Or Junior School:
Conniston Community
Listing History
Active on the market since:
August 31, 2026
Listing Agreement executed on:
June 21, 2026
Listing Status Last Changed On:
August 31, 2026 6:22 pm
Photos updated on:
June 22, 2026 2:45 am
Last Modified:
August 31, 2026 6:22 pm
Additional Information
Courtesy of:
Compass Florida LLC
Attribution:
Not provided
Road Surface Type:
Paved
Location
Floor Number:
18
Street Name:
Okeechobee
Street Number:
550
Unit Number:
Lph-23
City:
West Palm Beach
State:
Florida
Zip Code:
33401
County:
Palm Beach
Latitude:
N26° 42' 18.2''
Longitude:
W81° 56' 37.4''
Street Suffix:
Boulevard
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $60,942
Median Home Value $430,900
Median Rent $1,774/mo
Median Age 38
Population 31,964
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Association of REALTORS®
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