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Sold for $850,000
  • $850,000

    550 Okeechobee Boulevard #423, West Palm Beach, FL 33401

    2beds
    1,721sqft
    Condominium
    Built in 2008
    -- sqft lot
    $939,000 Zestimate®
    $494/sqft
    $6,822 Estimated rent

    Home value

    $939,000

    $892,000 - $986,000

    $6,822/mo

    Zestimate® history
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    What's special

    DON'T MISS OUT! This is a RARE opportunity for an EXCEPTIONALLY-VALUED home! This impeccable residence combines scale, style, & an enviable downtown lifestyle showcasing the largest interior floor plan in the building! Designed for modern living & effortless entertaining, this unit covers 1721-SqFt of interior + 342-SqFt of additional wraparound balcony space. This expansive two-bedroom layout PLUS a multi-functional, convertible den space lives like a true single-family home. - Specifically, this apartment comes with TWO separate parking spaces located securely within the building's gated garage - one of which is located just steps down the hallway on the SAME FLOOR, while the other is located just one floor below on the highly sought after 3rd floor, and a nearby elevator takes you right there! The apartment ALSO comes with TWO privately-owned, side-by-side, storage units located just across the hallway on the SAME FLOOR. These are both floor-to-ceiling, walk-in storage cages, each measuring approximately 9' x 8' and 9' x 7', which amounts to a total of approximately 135 SqFt of additional storage room space, all under temperature-controlled air. All of these incredible assets are also immediately sellable, or rentable to other residents in the building for INSTANT INCOME. The apartment itself is meticulously maintained and thoughtfully upgraded, featuring a newer Bosch AC unit, newer porcelain tile flooring in both bedrooms, upgraded designer lighting, all upgraded solid wood designer doors, and custom-built closets throughout. Both bathrooms offer a spa-like retreat that complements the home's bright, contemporary design. Floor-to-ceiling hurricane-impact windows fill the home with natural light, accentuating the open and airy feel. CityPlace South Tower is perhaps the healthiest high-rise condo in Downtown West Palm Beach! Very Healthy Reserves! No Special Assessments & Virtually No 2026 Maintenance Fee Increases! Situated in the heart of booming Downtown West Palm Beach, you're steps from world-class dining, shopping, the Kravis Center for the Performing Arts, the Brightline station, and all the cultural energy the city has to offer. Downtown West Palm Beach is in the midst of a remarkable transformation, quickly becoming one of South Florida's most sought-after destinations for luxury living, investment, and innovation. With billions in new development underway - including Class-A office towers, five-star hotels, acclaimed restaurants like Eataly, Milos, and Harry's of New York, and expanded waterfront spaces - the area is attracting global attention and high-profile residents. West Palm Beach is also rapidly emerging as one of the country's most important financial and academic hubs, highlighted by the planned Vanderbilt University graduate campus downtown and the continued influx of major financial firms establishing headquarters and offices in the area. This unprecedented level of investment is driving the newest evolution of the city and positioning it for strong, long-term growth - making ownership here not only a lifestyle opportunity but a compelling investment as property values continue to rise. There's no question that West Palm Beach has now captured the industry's attention nationwide, and has firmly established itself at the intersection of culture, convenience, and world-class living. CityPlace South Tower offers a full suite of resort-style amenities, including 24-hour concierge, valet parking, a state-of-the-art fitness center, designer club room, summer kitchen pavilion, and a stunning pool and spa deck overlooking the city. Exciting new renovations to the already-exquisite pool deck, clubroom, and conference room are now complete, further elevating this iconic Downtown address! Lobby entrance remodeling is also well underway and scheduled for completion in early 2026, promising an elevated and refreshed arrival experience! Walkable to CityPlace, the Kravis Center, Brightline, Clematis Street, the Norton Museum, waterfront concerts, and Palm Beach's pristine beaches this is the lifestyle you've been waiting for. And with the ability to rent immediately for a minimum of 30 days up to 12 times per year, this residence is as smart an investment as it is a place to call home. Your best life starts here where luxury, location, and lifestyle come together seamlessly.

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Charles Keller PA 631-872-8689,

    Compass Florida LLC,

    Alyse Keller 917-584-6451,

    Compass Florida LLC

    Bought with:

    Burton S. Minkoff PA, 3027869

    Douglas Elliman

    Burton S. Minkoff PA, 3027869

    Douglas Elliman

    Source: BeachesMLS,MLS#: R11131518MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 283.88
    • Dimensions: 18.8 X 15.1
    Bedroom 2
    • Level: Main
    • Area: 215.6
    • Dimensions: 15.4 X 14
    Den
    • Level: Main
    • Area: 100
    • Dimensions: 10 X 10
    Kitchen
    • Level: Main
    • Area: 120.9
    • Dimensions: 13 X 9.3
    Living room
    • Description: Incl. Dining Area
    • Level: Main
    • Area: 482.6
    • Dimensions: 25.4 X 19
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Breakfast Area, Bathtub, Closet Cabinetry, Dual Sinks, Kitchen Island, Living/Dining Room, Split Bedrooms, Soaking Tub, Separate Shower, Tub Shower, Walk-In Closet(s)
    • Flooring: Ceramic Tile
    • Windows: Blinds, Storm Window(s)
    Interior area
    • Total structure area: 2,063
    • Total interior livable area: 1,721 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned, Covered, Garage, Guest
    • Garage spaces: 2
    • Details: CarportSpaces:0.00
    Features
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Covered, Wrap Around, Balcony
    • Exterior features: Built-in Barbecue, Balcony, Barbecue, Outdoor Kitchen, Outdoor Living Area, Outdoor Shower
    • Pool features: Heated, In Ground, Association
    • Has view: Yes
    • View description: City
    • Waterfront features: None
    Lot
    • Features: Corner Lot
    Details
    • Parcel number: 74434328340000423
    • Zoning: CPD(ci
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Colonial
    • Property subtype: Condominium
    Materials
    • Metal Siding, Concrete, Stucco
    • Roof: Concrete,Spanish Tile,Tile
    Condition
    • Resale
    • New construction: No
    • Year built: 2008

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Gated, Property Manager On-Site, Street Lights, Sidewalks
    • Security: Security System Owned, Security System, Closed Circuit Camera(s), Fire Sprinkler System, Gated Community, Key Card Entry, Lobby Secured, Smoke Detector(s), Security Guard
    • Subdivision: CITYPLACE SOUTH TOWER CONDO
    HOA
    • Has HOA: Yes
    • Amenities included: Bike Storage, Business Center, Clubhouse, Fitness Center, Library, Picnic Area, Pool, Parking, Sauna, Spa/Hot Tub, Sidewalks, Trash, Elevator(s)
    • Services included: Common Areas, Cable TV, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water, Internet
    • HOA fee: $1,822 monthly
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $494/sqft
    • Tax assessed value: $685,000
    • Annual tax amount: $5,681
    • Date on market: 10/11/2025
    • Cumulative days on market: 132 days
    • Listing terms: Cash,Conventional,VA Loan

    Price history

    DateEventPrice
    7/22/2026Listing removed$7,000$4/sqft
    Source: BeachesMLS Report a problem
    4/24/2026Listed for rent$7,000$4/sqft
    Source: BeachesMLS Report a problem
    3/24/2026Sold$850,000-14.9%$494/sqft
    Source: BeachesMLS #R11131518 Report a problem
    3/10/2026Pending sale$999,000$580/sqft
    Source: BeachesMLS #R11131518 Report a problem
    12/4/2025Price change$999,000-4.8%$580/sqft
    Source: BeachesMLS #RX-11131518 Report a problem
    10/11/2025Listed for sale$1,049,000+148.3%$610/sqft
    Source: BeachesMLS #RX-11131518 Report a problem
    7/13/2016Sold$422,500-8%$245/sqft
    Source: Public Record Report a problem
    6/17/2016Listed for sale$459,000$267/sqft
    Source: Modern Living Real Estate #RX-10244143 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,678 +3.2%$310,007 +2.9%
    2024$5,504 +2.7%$301,270 +3%
    2023$5,360 +1.2%$292,495 +3%
    2022$5,295 +0.4%$283,976 +3%
    2021$5,276 +0.6%$275,705 +1.4%
    2020$5,245 +1.6%$271,898 +2.3%
    2019$5,161 $265,785 +1.9%
    2018$5,161 +5.9%$260,829 +2.1%
    2017$4,874 +1.5%$255,464 -10.4%
    2016$4,802 -26.3%$285,000 +1.6%
    2015$6,513 +7.5%$280,500 +10%
    2014$6,059 +8%$255,000 +8.5%
    2013$5,610 -1.2%$235,000
    2012$5,677 +1.5%$235,000 +2.2%
    2011$5,594 +12.7%$230,000 +15%
    2010$4,963 +1.2%$200,000 -2.4%
    2009$4,904 $205,000
    Find assessor info on the county website

    Neighborhood: 33401

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Palm Beach Public
    • High: Forest Hill

    Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $939,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $939,000