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City Palms

480 Hibiscus St, West Palm Beach, FL, 33401
288
RESIDENCES
10
STORIES
2008
YEAR BUILT
$425K – $585K+
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$585,0002 / 21,045$56013

1 Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
515$425,0001 / — / 1725$5865
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
Avg List Price
$505K
Avg Days on Market
9

INVENTORY BY BEDROOM

  • 1 Bed (1) 50%
  • 2 Bed (1) 50%
Building vs. Market
55% premium to West Palm Beach
Commands a 55% premium to the West Palm Beach average ($544 vs $351/sqft) — a sign of stronger relative demand.

INVENTORY TREND (ALL UNITS)

210Sep '25Jan '26May '26
2
New Listings
last 3 months
$544
Avg Sale $/SqFt
last 36 months
24
Months of Supply
1
Sold
last 12 months

Market & Community Report

As of August 17, 2026, City Palms carries 2 active listings at an average asking price of $505K, with an average time on market of 9 days. Closed sales over the preceding 36 months averaged $544 per sq ft, and 1 transaction closed in the past 12 months — implying 24 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 August 17, 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 August 17, 2026, 2 residences are actively listed for sale at City Palms. Current asking prices range from $425K to $585K. Inventory updates daily from the MLS.

How much do condos at City Palms cost?

Condos at City Palms are currently asking from $425K to $585K. Over the past 36 months, closed sales have averaged $544 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 $544 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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