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Aerial photo
Built in 2008 - 421 units - 20 floors

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Building Information

City Place South Tower

Number of units: 421
Active listings for rent: 26
Active listings for sale: 28
Building inventory for sale: 6%
Number of sales over the last 12 months: 21
Number of sales over the last 6 months: 11
Number of sales over the last 3 months: 3
Avg. time to close over last 12 months: 77 days

Address

550 Okeechobee Blvd, West Palm Beach, Palm Beach, FL, 33401

Recent Sales

Unit # Size Closing Date Sale Price PPSF
1817 1,120 sq ft May 2024 $830,000 $741
1603 1,120 sq ft Apr 2024 $699,000 $624
1711 1,694 sq ft Feb 2024 $975,000 $576
Mph-17 1,335 sq ft Feb 2024 $899,000 $673
Mph-14 870 sq ft Feb 2024 $490,000 $563

Market Information

Building vs Area

City Place South Tower: $584/sq. ft.
West Palm Beach: $515/sq. ft.

Area vs City

West Palm Beach $515/sq. ft.
Palm Beach $476/sq. ft.

Inventory for sale

West Palm Beach: 4%
Palm Beach: 3%

Avg. time to close over last 12 months

City Place South Tower 77 days
West Palm Beach: 53 days
Palm Beach: 57 days