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City Palms

480 Hibiscus St, West Palm Beach, FL, 33401
Market data compiled by Andres Jara, Licensed Real Estate Broker · Douglas Elliman · Data updated October 1, 2026
288
RESIDENCES
10
STORIES
2008
YEAR BUILT
$410K – $570K+
VALUE RANGE

City Palms is a 10-story, 288-residence condominium at 480 Hibiscus Street in downtown West Palm Beach, developed by Newgard Development Group and completed in 2008 with Key West-inspired architecture. The building's signature amenity is its sixth-floor pavilion deck, featuring a 70-foot swimming pool, raised jacuzzi, covered outdoor bar and summer kitchen, and two sun decks. Residents also have access to a 24-hour concierge and valet, a state-of-the-art fitness center, men's and women's saunas, and a clubroom with billiards. Situated directly across from Rosemary Square (formerly CityPlace), City Palms places residents within a block of Clematis Street dining and shopping and roughly two blocks from the Intracoastal Waterway, in the heart of Downtown West Palm Beach's Wall Street South district.

Available Residences at City Palms

2 Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
821$570,0002 / 21,045$54567
Listing courtesy of Logan N Lenihan, Compass Florida LLC, 561-285-4794.

1 Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
515$410,0001 / — / 1725$56642
Listing courtesy of Daragh Patrick McCaffrey, Frater Realty LLC, 561-722-5761.
Neighborhood
West Palm Beach

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ANALYTICS

All analytics are based on closed sales from the last 36 months.

CURRENT INVENTORY

2
Active Listings
▲ 0% vs last month
Avg List Price
$490K
Avg Days on Market
55

INVENTORY BY BEDROOM

  • 1 Bed (1) 50%
  • 2 Bed (1) 50%
Building vs. Market
58% premium to West Palm Beach
Commands a 58% premium to the West Palm Beach average ($557 vs $352/sqft) — a sign of stronger relative demand.

INVENTORY TREND (ALL UNITS)

320Nov '25Mar '26Jul '26
2
New Listings
last 3 months
$557
Avg Sale $/SqFt
last 36 months
12
Months of Supply
2
Sold
last 12 months

Market & Community Report

As of October 1, 2026, City Palms carries 2 active listings at an average asking price of $490K, with an average time on market of 55 days. Closed sales over the preceding 36 months averaged $557 per sq ft, and 2 transactions closed in the past 12 months — implying 12 months of supply against the current pace of absorption.

Zip code 33401 (West Palm Beach) is home to 31,964 residents with a median age of 38.5. Per-capita income stands at $55,688; 43.2% hold a bachelor's degree or higher. 37.1% of units are owner-occupied; 15.8% of residents work from home.

Data current as of October 1, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.

Frequently Asked Questions — City Palms

How many condos are for sale at City Palms?

As of October 1, 2026, 2 residences are actively listed for sale at City Palms. Current asking prices range from $410K to $570K. Inventory updates daily from the MLS.

How much do condos at City Palms cost?

Condos at City Palms are currently asking from $410K to $570K. Over the past 36 months, closed sales have averaged $557 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.

What is the average price per square foot at City Palms?

Based on MLS closed sales over the preceding 36 months, the average sale price at City Palms is $557 per square foot. Use this as a benchmark when comparing active listings in the building.

Where is City Palms located?

City Palms is located at 480 Hibiscus St, West Palm Beach, FL, 33401, in the West Palm Beach area.

What neighborhood is City Palms in?

City Palms is in West Palm Beach, West Palm Beach. You can compare every condo building, home inventory, and price trend across West Palm Beach on its neighborhood guide.

How many units are in City Palms?

City Palms has 288 residences across 10 stories.

What year was City Palms built?

City Palms was completed in 2008.

What floor plans are available at City Palms?

City Palms has 16 published floor plans. See the Floor Plans tab above for unit lines, dimensions, and layouts.

What amenities does City Palms offer?

City Palms amenities include 24-hour concierge/front desk, Valet parking, 6th-floor pavilion deck, 70-foot swimming pool, Raised jacuzzi/whirlpool spa, Covered outdoor bar and summer kitchen, Two sun decks, 24-hour fitness center.

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