New Oceanfront Condos in Palm Beach County
New Oceanfront Condos in various areas of Palm Beach County are of significant interest to Buyers, however, those who aren’t deeply familiar with the area aren’t aware that the majority of Oceanfront Condos in Palm Beach aren’t new and/or weren’t constructed within the last couple of Years.
The vast majority of Beachfront Land in Palm Beach County that’s large enough in size to accommodate Condos (and zoned for Condos) is occupied with Condos that were built during the 1960’s – 1980’s. The exception to this is Singer Island, which–of all Cities in Palm Beach County–has the highest number of recently constructed Condos that were built in the 2000’s and lowest prices for recently constructed Oceanfront Condos in Palm Beach County.
Everything is relative, of course, so even if a Building was constructed 10 Years ago, it’s considered to be recent construction for the area when compared to Condos that are much older. When new Condos are constructed in South Florida’s Tri-County areas, the highest numbers of Condos are built in the Miami area, 2nd in the Broward County area (Ft. Lauderdale, Hollywood, etc.), and 3rd/lowest in the Palm Beach County area.
New Oceanfront Condos that are currently under construction Palm Beach County are as follows:
- 3550 South Ocean Condo in Palm Beach-planned for delivery in 2019: 30 total Units, Price range $1,875,000 – $3,700,000+
- Vista Blue Singer Island in Singer Island – planned for delivery in 2018: 58 total Units, Price range $1,400,000 – $7,000,000+
- 5000 North Ocean Condo in Singer Island – planned for delivery in 2018: 48 total Units, Price range $2,000,000+
Oceanfront Condos that were built in Palm Beach County within the last 10 Years are as follows:
- 4001 North Ocean Condo in Gulfstream: Built in 2013, 34 Units, Average prices $2,700,000+
- Luxuria Condo in Boca Raton: Built in 2009, 26 Units, Average prices $4,500,000+
- One Thousand Ocean Condo in Boca Raton: Built in 2010, 52 Units, Average prices $4,000,000+
- Dolcevita Condo in Singer Island: Built in 2009, 34 Units, Average prices $1,000,000+
- Ritz-Carlton Residences in Singer Island: Built in 2008, 242 Units, Average prices $1,500,000+
- Beachfront at Singer Island: Built in 2007, 59 Units, Average prices $1,200,000+
- Oceans Edge in Singer Island: Built in 2008, 40 Units, Average prices $2,300,000+
- Bellaria Condo in Palm Beach: Built in 2006, 36 Units, Average prices $1,800,000+
(I know it’s 11 Years old, not 10, but I would be remiss not to mention it since it’s the most recently constructed Oceanfront Condo in the actual City of Palm Beach.)
You’ll notice 2 consistent themes here. Most of the Buildings are Boutique style/have few Units and, as mentioned previously, the majority of recently constructed Oceanfront Condos in Palm Beach County are in Singer Island. If Singer Island isn’t your preferred location, your Building choices for recent construction on the Beach are limited.
In Palm Beach County’s 2 most frequently requested and popular locations, Delray Beach and Boca Raton, the newest Oceanfront Condo in Boca is One Thousand Ocean Condo (listed above) and, unfortunately, the last time that an Oceanfront Condo was built in Delray Beach was in 1974. The available Land for construction of new Oceanfront Condos in Delray Beach simply doesn’t exist and the entire Waterfront Condo Market in East Delray Beach is very limited due to the small number of existing Condos and lack of Land for new construction (the same scarcity exists along the Intracoastal). In the Beach area of Delray Beach, the most recently constructed Building is Seagate Residences, which is located across from the Beach, was built in 2007, has a total of only 28 Units which are rarely for sale, and sell for average prices of $2,000,000+.
Related information: