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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: 11
Active listings for sale: 30
Building inventory for sale: 7%
Number of sales over the last 12 months: 20
Number of sales over the last 6 months: 9
Number of sales over the last 3 months: 3
Avg. time to close over last 12 months: 81 days

Address

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

Recent Sales

Unit # Size Closing Date Sale Price PPSF
806 1,120 sq ft Dec 2024 $650,000 $580
Uph-02 1,606 sq ft Nov 2024 $1,976,500 $1,231
910 1,968 sq ft Nov 2024 $950,000 $483
501 1,441 sq ft Oct 2024 $610,000 $423
1602 2,111 sq ft Sep 2024 $1,360,000 $644
Uph-02 2,000 sq ft Sep 2024 $1,976,500 $988
1822 2,111 sq ft Sep 2024 $975,000 $462

Market Information

Building vs Area

City Place South Tower: $674/sq. ft.
West Palm Beach: $502/sq. ft.

Area vs City

West Palm Beach $502/sq. ft.
Palm Beach $464/sq. ft.

Inventory for sale

West Palm Beach: 4%
Palm Beach: 4%

Avg. time to close over last 12 months

City Place South Tower 81 days
West Palm Beach: 56 days
Palm Beach: 62 days