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550 Okeechobee Boulevard # 23, West Palm Beach FL 33401

Condo/Co-op Recently Sold
$1,975,000

BTC: 23.75511186

ETH: 745.28301887

Sold on: 2025-09-05
7 days
3 bds
2 ba
1,709 sqft

Overview

For the first time ever, this exclusive Upper Penthouse retreat is available for resale. Located in vibrant Downtown West Palm Beach, known as ''Wall Street South'' this property is at the center of a booming development scene. This direct East-facing, corner residence offers an unparalleled living experience. Wake up to breathtaking views of the Atlantic Ocean and Intracoastal Waterway, all while being just steps away from the thriving pulse of the city. Perched on the upper penthouse floor, this home offers unmatched privacy and luxury. Three highly coveted parking spaces on the second floor of the garage as well as a large storage unit add significant value to this rare offering. Inside, sophistication meets cutting-edge technology. A state-of-the-art Crestron home automation system grants effortless control of lighting, shades, and more, all at the touch of a button or through your smartphone. Custom high-hat lighting casts a soft, inviting glow throughout the space, setting the perfect ambiance for both intimate evenings and lively gatherings. The home comes fully outfitted with sleek flat-screen TVs and cutting-edge audio-visual systems, providing a truly turnkey living experience. In the primary bedroom, a captivating lighting feature transforms your ceiling into a stunning starlit sky, creating a serene and tranquil retreat for your most restful night's sleep. Soaring 11-foot ceilings inside and 16-foot arched openings outside lead to a sprawling 400-square-foot private balcony, providing panoramic vistas that will take your breath away. West Palm Beach is rapidly evolving as the ultimate destination for luxury living, attracting iconic figures such as Jeff Bezos, Lionel Messi, and the Beckhams. CityPlace South Tower stands as one of the most sought-after addresses, placing you in the center of it all. Just steps from the city's best restaurants, nightlife, The Kravis Center, and the Brightline Train, you'll never run out of things to do. Year-round cultural events at the Waterfront on The Green, Meyer Amphitheater, and the Norton Museum, plus a quick 5-minute drive to Palm Beach's pristine beaches, make this location second to none. This luxury building is also uniquely zoned for an A-rated elementary school district. Exclusive resident amenities include 24/7 concierge service, valet parking, a state-of-the-art fitness center, a designer club room, a summer kitchen pavilion, and a resort-style pool and spa, ensuring every day feels like a vacation. Don't miss your chance to own this extraordinary penthouse that perfectly blends elegance, exclusivity, and modern convenience. Schedule your private showing today and elevate your lifestyle to the pinnacle of West Palm Beach living.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Assigned / Guest / Parking Garage
Year Built:
2008
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,228
Cooling:
Ceiling Fan(s) / Central Air / Electric
HOA:
$1,839

Valuation

Our model vs. what's actually selling nearby.
Estimate
$999,900
$560K – $1.4M
Confidence Low
List vs. estimate
$1.1M above estimate
List $2,099,000 · +109.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,228
+527.5% vs. city median $195
Based on
13 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $812K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$18,725
2024
HOA
$1,839/mo
Pool
Community
View
Intracoastal View, Ocean
Garage
3 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Marble

    Heating

    • Central

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Free-Standing Freezer

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Fire Sprinklers

    • Pantry

    • Split Bedroom

    • Volume Ceilings

    • Walk-In Closet(s)

    • Den/Library/Office

    • Family Room

    • Great Room

    • Storage

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Assigned

    • Guest

    • Parking Garage

    Property

    • Pool Private: Yes

    • Exterior Features: East Of Us1 / Balcony

    Other Property Information

    • Parcel Number: 74434328340002123

    • Zoning: CPD(ci

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Sewer Available

    • Water Available

  • Other financial information

    • HOA: $1,839

    • HOA Frequency: Monthly

    • Annual tax amount: $18,725

  • Source details

    • MLS ID: R11112109

    Other facts

    • Construction Materials: Concrete Block Construction / Stucco

    • Laundry Features: Laundry Room / Utility Room/Laundry / Washer Hookup

    • Lot Features: Less Than 1/4 Acre Lot / East Of US 1 / Sidewalk

    • Patio And Porch Features: Wrap Around

    • Pool Features: Community

    • Window Features: Complete Impact Glass / Drapes / Sliding

    • Direction Faces: East

    • Other Structures: Livable

    • Architectural Style: Corner Unit / Penthouse

    • Garage Spaces: 3

    • Garage: Yes

    • Living Area: 1709

    • Water Source: Public

    • Subdivision Name: CITYPLACE SOUTH TOWER COND,Cityplace South Towe

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida LLC