Submarket Report · Q1 2026 Edition · Updated April 2026

West Palm Beach new construction.

The city that was a quiet stop between Miami and Jupiter six years ago now runs a new construction pipeline of nearly two thousand luxury condominiums, more than $1.4 billion in disclosed construction loans, and a single building that has crossed one billion dollars in total sales. Flagler Drive is no longer a destination, it is an address.

Active Projects
16
Developments in Pipeline
Sixteen actively selling or pre-construction towers across South Flagler Drive, North Flagler Drive, and the downtown core. Four delivered or under construction, twelve in pre-construction or sales launch.
Total Residences
1,980
Units in Active Pipeline
From 39-residence Maison d'Or to the 275-residence Olara. Aggregate sellout exceeds $5.5 billion across the active pipeline, the largest dollar-volume new construction submarket outside downtown Miami.
Pricing Range
$1.4M$72.5M
Entry to Apex Pricing
Mr. C entry studios at $1.4M to South Flagler House penthouses at $72.5M. Trophy tier trades at approximately $6,000 per square foot, the highest disclosed PSF in any South Florida submarket outside Miami Beach.
01 · Index

The full active pipeline.

Every actively selling, under construction, or recently delivered new condominium project in the city of West Palm Beach as of Q1 2026. Sorted alphabetically. The "Ultra" tag flags branded residences operating at the top of their tier on finish quality, design sophistication, and execution.

Project Residences Stories Entry From Status
320 Lakeview 146 20 $1.4M Under Construction
601 Clearwater Park 191 22 TBD Pre-Construction
Alba Palm Beach 55 23 $2.5M Under Construction
Alba Reserve 87 22 TBD Pre-Construction
Edgeworth 168 28 $2.5M Pre-Construction
Forté on Flagler 41 24 $14.7M Delivered
Maison d'Or 39 22 $5.7M Pre-Construction
Mandarin Oriental ResidencesUltra 87 22 $3.5M Pre-Construction
Mast Capital Hibiscus 86 25 TBD Pre-Construction
Mr. C Residences WPBUltra 146 25 $1.4M Under Construction
Nora District 122 18 TBD Pre-Construction
Olara 275 26 $2.0M Under Construction
Ritz-Carlton Residences WPBUltra 138 29 $2.2M Under Construction
Shorecrest 98 24 $3.2M Under Construction
South Flagler HouseUltra 108 28 $5.9M Under Construction
The Berkeley Palm Beach 193 25 $2.5M Pre-Construction
02 · Pricing

Where each project opens.

Entry pricing across the active inventory. The corridor now spans more than ten-fold from Mr. C entry studios at $1.4M to Forté on Flagler at $14.7M. Branded ultra projects cluster between $2.2M and $5.9M at entry, reflecting hospitality-driven product positioning. Penthouse pricing tells a different story, addressed in Section 08.

Forté on Flagler $14.7M South Flagler House $5.9M Maison d'Or $5.7M Mandarin Oriental Residences $3.5M Shorecrest $3.2M Alba Palm Beach $2.5M Edgeworth $2.5M The Berkeley Palm Beach $2.5M Ritz-Carlton Residences WPB $2.2M Olara $2.0M Mr. C Residences WPB $1.4M 320 Lakeview $1.4M $0M $3M $6M $9M $12M $15M Entry pricing ($ millions)
03 · Scale

Project size, residence by residence.

Total residences per project. Olara at 275 units leads, followed by The Berkeley at 193 and 601 Clearwater Park at 191. Boutique format dominates the top of the pricing stack: Maison d'Or at 39, Forté at 41, Alba at 55. Scale and price point invert across the corridor.

Olara 275 The Berkeley Palm Beach 193 601 Clearwater Park 191 Edgeworth 168 Mr. C Residences WPB 146 320 Lakeview 146 Ritz-Carlton Residences WPB 138 Nora District 122 South Flagler House 108 Shorecrest 98 Mandarin Oriental Residences 87 Alba Reserve 87 Mast Capital Hibiscus 86 Alba Palm Beach 55 Forté on Flagler 41 Maison d'Or 39 0 50 100 150 200 250 300 Total residences in project
04 · Velocity

Where the corridor is selling.

Approximate percent absorbed across projects with disclosed sales positions. Mr. C at 85 percent and Ritz-Carlton at 80 percent lead the active pipeline. The pattern is consistent: branded mid-luxury sells fastest, branded ultra sells next, non-branded entry-tier sells slowest. The Berkeley at roughly 20 percent illustrates the brand-name premium.

Forté on Flagler 100% Mr. C Residences WPB 85% Ritz-Carlton Residences WPB 80% Alba Palm Beach 60% South Flagler House 55% Olara 50% The Berkeley Palm Beach 20% 0% 20% 40% 60% 80% 100% Approximate percent sold
05 · Apex

The branded ultra tier.

Four branded residences are now active in the corridor. Each leverages a different hospitality brand and a different developer team, but all four share the same buyer profile: relocated finance professionals and second-home buyers from the Northeast and the Midwest who want hotel-grade service infrastructure inside their primary residence.

Hospitality · Italian
Mr. C Residences WPB.
Terra / Sympatico · 146 units
First Mr. C standalone residential project in the U.S. 85% presold before vertical construction, with TYKO Capital providing $285M construction financing in August 2025. Italian hotel-brand identity translated to a working downtown price point.
Hospitality · American Luxury
Ritz-Carlton Residences WPB.
Related Group / BH Group · 138 units
80% presold. $200M structured construction loan closed March 2026. Designed by Arquitectonica. The Ritz brand on North Flagler Drive validated the corridor's shift from South to North across an 18-month window.
Hospitality · Asian Luxury
Mandarin Oriental Residences WPB.
Great Gulf · 87 units
First Mandarin Oriental standalone residential tower in South Florida. Designed by Moshe Safdie (Habitat 67, Marina Bay Sands). Pre-construction launch February 2026 at $3.5M entry. Delivery targeted for 2031.
Architectural · Trophy
South Flagler House.
Related Ross / RAMSA · 108 units
First WPB condo to cross $1 billion in total sales. Robert A.M. Stern's first South Florida residential venture. $600M Bank OZK construction loan. Trading at approximately $6,000 per SF, with John Sculley in contract for a $40M penthouse.
06 · Capital

Who is building West Palm.

Total active residences delivered or in market by developer. Related Ross runs three simultaneous towers along South Flagler Drive (South Flagler House, Shorecrest, Edgeworth) for a combined 374 residences, the largest single-developer footprint in the corridor. Gladstone-Adelson is second through The Berkeley plus the proposed 601 Clearwater Park. Single-project entrants account for nearly half the pipeline by count but less than a third by residences.

Kolter / Perko 39 Two Roads / Alpha Blue 41 Mast Capital 86 Great Gulf 87 NDT / Wheelock / Ronto 122 Related Group / BH Group 138 BGI Capital / Blue Road 142 Terra / Sympatico 146 Morrison / Terra (320) 146 Savanna 275 Related Ross 374 Gladstone / Adelson 384 0 60 120 180 240 300 360 420 Total residences in active pipeline
07 · Lending

Disclosed construction debt.

Lenders typically require approximately 50 percent presales before committing to construction debt. Every loan on this list is a direct signal of sales momentum at the date of close. Total disclosed construction financing across the active pipeline exceeds $1.78 billion, the highest aggregate construction lending across any South Florida submarket outside Miami Beach and Brickell.

South Flagler House (Bank OZK) $600M Olara (OIM consortium) $380M Mr. C Residences (TYKO) $285M Ritz-Carlton (Related structured) $200M Shorecrest (Related Ross) $157M Alba Palm Beach (Kriss) $95M The Berkeley (Gladstone) $62M $0M $100M $200M $300M $400M $500M $600M Disclosed construction loan ($ millions)
08 · PSF

Estimated price per square foot.

The corridor benchmark. South Flagler House anchors the trophy ceiling at approximately $6,000 PSF. Below that, branded ultras (Forté, Maison d'Or, Mandarin Oriental) trade between $2,200 and $2,800. Mid-luxury non-branded settles between $1,400 and $2,000. The two-fold spread between trophy and entry tier exceeds any other South Florida submarket today.

South Flagler House $6,000 Forté on Flagler $2,800 Maison d'Or $2,500 Mandarin Oriental Residences $2,200 Shorecrest $2,200 Edgeworth $2,000 Ritz-Carlton Residences WPB $1,800 Alba Palm Beach $1,800 Mr. C Residences WPB $1,600 Olara $1,500 The Berkeley Palm Beach $1,400 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Estimated $ per square foot
09 · Cross-Corridor

How West Palm compares.

Average asking PSF for new construction across the five key South Florida luxury submarkets. West Palm Beach trades at roughly half the price of Palm Beach Island while sharing the same waterfront and the same ten-minute drive to Worth Avenue. That gap is the entire structural bull case for the corridor.

SFH trophy tier $6,000 Palm Beach Island $4,500 Surfside / Sunny Isles $2,800 Miami Brickell $2,600 West Palm Beach (avg) $2,200 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Average asking $ per square foot
10 · Delivery

When the units arrive.

Delivery schedule across the active pipeline. 2028 is the peak absorption year at approximately 696 residences across six projects. If resale liquidity in 2027 holds, the 2029-and-beyond pipeline (Edgeworth, Mandarin Oriental) has a clear runway. If 2027 resale softens, the 2028 cohort creates pricing pressure for those later projects.

Delivered (2025) 41 2026 201 2027 383 2028 696 2029 168 2031 87 TBD 364 0 100 200 300 400 500 600 700 Residences delivering by year
Sixteen towers, nearly two thousand residences, more than $5.5 billion in aggregate sellout. West Palm Beach is no longer a future luxury submarket. It is the present one.
— condo-report.com Editorial
12 · Observations

What the data actually says.

Seven observations that emerge from looking at the whole pipeline at once rather than project by project. Some patterns echo other South Florida submarkets. Others are specific to West Palm Beach in ways that matter for how brokers should advise buyers in 2026 and 2027.

i.
The North Flagler flip.
For most of the post-2018 cycle, "WPB new construction" meant South Flagler Drive. In the last 18 months, five major projects (Olara, Shorecrest, Alba, Ritz-Carlton, Mandarin Oriental) committed to North Flagler. The North End is now the most active delivery corridor by unit count.
ii.
Multi-project anchors emerged.
Related Ross runs three towers (South Flagler House, Shorecrest, Edgeworth) on the same corridor with one shared sales team. Combined: 374 residences. No other developer in the city operates this kind of tiered product stack. Buyer traffic flows between projects based on budget.
iii.
Condo buyouts are the only supply mechanism.
Vacant waterfront land on Flagler Drive is gone. Every project in the current pipeline came from a condo buyout of an aging 1960s-1980s building. The Benhamou-Kobo $430M bid set the high-water mark at approximately $2.4M per unit. Land basis is now the scarcest input.
iv.
Branded residences went from zero to dominant.
Branded condominiums did not exist in WPB before 2023. Q1 2026 has Ritz-Carlton, Mr. C, and Mandarin Oriental as active branded builds, with Fort Partners and Kolter positioning for additional entries. The gap to Miami's branded pipeline closed in 36 months.
v.
The $6,000 PSF ceiling is real.
Two years ago a $6,000 PSF condo in WPB would have been dismissed as aspirational pricing. South Flagler House has now closed multiple units at that level. The building became the first WPB condo to cross $1 billion in total sales. The ceiling now anchors every other 2026 launch in the corridor.
vi.
Architecture is diversifying.
Unlike Bay Harbor where two firms designed half the pipeline, WPB is architecturally distributed. Arquitectonica leads at four projects, but Robert A.M. Stern, Kohn Pedersen Fox, Safdie, Roger Ferris, and 10 Design each anchor distinct towers. No single firm's skyline.
vii.
Insurance and HOA math is the cliff nobody discusses.
South Florida carrier exits are pushing 2018-era buildings toward $2.50 per SF per month in HOA. Annual carrying costs on a $20M unit can exceed $700,000 before principal and interest. New construction is not immune. Brokers underwriting WPB to appreciation are on solid ground; brokers promising cash flow are not.
13 · Outlook

What we are watching.

Five forward-looking signals that will define whether West Palm Beach consolidates as a tier-one luxury submarket alongside Miami and Palm Beach Island, or whether the current momentum stalls as deliveries hit and resale liquidity gets tested for the first time at scale.

Signal 01
Will the $6,000 PSF ceiling hold?
South Flagler House established the ceiling. The question for late 2026 is whether Edgeworth penthouses to $35.5M, Maison d'Or's Crown Penthouse, and the Mandarin Oriental upper tier can trade at or near that level. If yes, the corridor confirms as a true trophy market.
Signal 02
Can 2027 deliveries absorb without discounting?
South Flagler House, Olara, Alba, and 320 Lakeview deliver in 2026-2027. Combined: roughly 584 residences hitting the market within an 18-month window. Resale at or above contract validates the thesis; resale below contract pressures 2028 launches.
Signal 03
Does the condo buyout market unfreeze?
Associations asking $300M+ per building are currently blocking new launches. Developers say those numbers do not pencil at current construction costs. The 2027 pipeline depends on a reset of buyout expectations or a new structuring approach (joint ventures, phased payouts).
Signal 04
Do the Wall Street South firms stay?
The corridor's valuation rests on Goldman, JPMorgan, BlackRock, Wells Fargo, Point72, and ServiceNow building permanent WPB presences. If the political and tax environment that drove 2020-2024 migration holds, the buyer pool deepens. Any reversal pressures pricing immediately.
Signal 05
Does Brightline evolve into commuter-grade service?
Brightline currently connects WPB to downtown Miami in 70 minutes. If frequency or station density improves, the WPB-as-commuter-suburb thesis strengthens. This single piece of infrastructure underwrites more of the price stack than most brokers acknowledge.

All pricing, percentages sold, deposit structures, HOA estimates, amenity SF, and delivery timelines reflect best publicly available information at time of publication. We make our best efforts to keep current. Charts showing percentages sold exclude pre-launch and reservation-only projects. Sales velocity is calculated as percent absorbed divided by months on market, normalized for direct cross-project comparison. Compiled from condo-report.com primary research, official developer materials, The Real Deal South Florida, Florida YIMBY, PROFILEmiami, Commercial Observer, and developer newsletters.

West Palm Beach · Q1 2026 Edition

Sixteen towers, one corridor.

One city, nearly two thousand residences, three pricing tiers, and a delivery wave that will reshape the corridor through 2028. This is what we are tracking. Subscribe at condo-report.com for the next edition.