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City Place South Tower

550 Okeechobee Blvd, West Palm Beach, FL, 33401
Market data compiled by Andres Jara, Licensed Real Estate Broker · Douglas Elliman · Data updated November 11, 2026
421
RESIDENCES
20
STORIES
2008
YEAR BUILT
$440K – $1.6M+
VALUE RANGE

City Place South Tower is a 20-story luxury condominium at 550 Okeechobee Boulevard in Downtown West Palm Beach, built in 2008 by The Related Group and designed by Roger Fry & Associates Architects. The 421-residence tower sits directly across from the CityPlace (Rosemary Square) shopping, dining, and entertainment district, in the heart of the downtown corridor now known as "Wall Street South." Residents enjoy resort-style amenities including a ninth-floor pool deck and sky-lawn with a heated pool and hot tub, an outdoor bar and grill, a fitness center with yoga and massage rooms, and 24-hour front desk security with valet parking. Higher floors, including the penthouse level, offer sweeping views of the Atlantic Ocean, the Intracoastal Waterway, and the downtown skyline. The building's central location also places it within walking distance of the Kravis Center for the Performing Arts and the Palm Beach County Convention Center.

Available Residences at City Place South Tower

3 Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
1002$1,595,0003 / 21,709$9330

2 Bedroom Condos · showing 5 of 6

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
1111$1,450,0002 / 21,694$85624
04$1,000,0002 / 21,120$89383
15$940,0002 / 21,285$7322
1008$850,0002 / 21,120$75934
1520$849,0002 / 21,136$74744

1 Bedroom Condos · 4 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
825$549,0001 / 1820$67091
1112$509,0001 / 1755$674243
616$440,0001 / 1755$5837
1216$418,0001 / 1755$554313
Neighborhood
West Palm Beach

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ANALYTICS

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

CURRENT INVENTORY

9
Active Listings
▲ 0% vs last month
Avg List Price
$894K
Avg Days on Market
79

INVENTORY BY BEDROOM

  • 1 Bed (3) 33%
  • 2 Bed (5) 56%
  • 3 Bed (1) 11%
Building vs. Market
85% premium to West Palm Beach
Commands a 85% premium to the West Palm Beach average ($656 vs $355/sqft) — a sign of stronger relative demand.

INVENTORY TREND (ALL UNITS)

1050Dec '25Apr '26Aug '26
6
New Listings
last 3 months
$656
Avg Sale $/SqFt
last 36 months
6.8
Months of Supply
16
Sold
last 12 months

Market & Community Report

As of November 11, 2026, City Place South Tower carries 9 active listings at an average asking price of $894K, with an average time on market of 79 days. Closed sales over the preceding 36 months averaged $656 per sq ft, and 16 transactions closed in the past 12 months — implying 6.8 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 November 11, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.

Frequently Asked Questions — City Place South Tower

How many condos are for sale at City Place South Tower?

As of November 11, 2026, 9 residences are actively listed for sale at City Place South Tower. Current asking prices range from $440K to $1.6M. Inventory updates daily from the MLS.

How much do condos at City Place South Tower cost?

Condos at City Place South Tower are currently asking from $440K to $1.6M. Over the past 36 months, closed sales have averaged $656 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.

What is the average price per square foot at City Place South Tower?

Based on MLS closed sales over the preceding 36 months, the average sale price at City Place South Tower is $656 per square foot. Use this as a benchmark when comparing active listings in the building.

Where is City Place South Tower located?

City Place South Tower is located at 550 Okeechobee Blvd, West Palm Beach, FL, 33401, in the West Palm Beach area.

What neighborhood is City Place South Tower in?

City Place South Tower 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 Place South Tower?

City Place South Tower has 421 residences across 20 stories.

What year was City Place South Tower built?

City Place South Tower was completed in 2008.

What amenities does City Place South Tower offer?

City Place South Tower amenities include 9th-floor pool deck and sky-lawn, Heated swimming pool, Hot tub/spa, Outdoor bar and grill, State-of-the-art fitness center, Yoga studio, Massage room, Library/conference room.

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