Along with One City Plaza, Two City Plaza, City Palms, The Prado, and others, this community spearheaded West Palm Beach's New Urban lifestyle that started in 2000 and was in full flight ten years later. Entering the landscape in 2008 as a 21-story 420-unit luxury condo tower, only a couple of blocks from "The Square” (originally the blockbuster City Place shopping center), City Place South Tower contributes to the 10,000 residents who play and work here every day.
The developers followed a tried-and-proven model that delivered 1000 square feet under air (UA) one-bedroom units, ranging to 1720 square feet (UA), with three bedrooms. Notably, they slotted in two bedrooms (average size 1,450 square feet UA) to take up the bulk of the building's construction space. The many models and open-plan configurations contained high-impact glass windows and sliders, oversized private terraces, and impressive interior finishes such as:
Moreover, magnificent Intracoastal and distant ocean views greet the higher-up condos looking east. In all other directions, residents enjoy stunning vistas that take in the city lights, palm trees, tropical foliage, and passing parade.
Interestingly, a significant attraction for buyers prospecting City Place South Tower condos for sale is condos for rent in City Place South Tower. Why? Because firstly, the neighborhood attracts a flood of tenants desiring the benefits described above. Secondly, the project’s liberal HOA rental policy revolves around minimum 30-day rentals 12x per year, an incredible driver of closed deals on the MLS. So, we observe parties acquiring multiple units to participate in the strong leasing trend that's taken hold in the area. Finally, consider that owners seamlessly let studios at $2200 and penthouses at $8500 monthly, a substantial asset bolster that augurs well over the long term.
The amenities in the complex compete favorably with the other developments around The Square mentioned above, ensuring that downtown lifestyle condo owners (in residency) or their tenants don't want for anything. For example, a unique setup that excites everyone is the resort deck stretching over nearly 32,700 wifi-connected square feet featuring:
In addition, residents rely on 24/7 high-tech surveillance security, a round-the-clock door attendant who doubles as a concierge, and a cardio-centric and weight-training health center. The latter provides all the apparatus, space, and saunas that fitness enthusiasts could ask for. Finally, there's abundant allocated underground parking for owners and their guests - a rare commodity downtown in this city. Maintenance is higher than similar towers, but not exceedingly so, with HOA fees of approximately $0.75 per square foot of condo ownership.
Some condo owners have upgraded with the latest materials, ditching carpets for wide-plank engineered wood flooring and inserting exotic quartz on countertops, plus designer lighting. Also, they’ve added smart-home electronics with state-of-the-art remote home offices. Thus, the units in this tower are not inexpensive, starting at $800,000 and topping $1.5 million (in our observation window). Although prices change over time (so keep checking these pages for updates), in 2022/3 we observed values closing on the MLS between $612 to nearly $900 a square foot (UA). When one sees gaps of almost 50%, it signifies that assessing genuine value can be severely complicated. We advise contacting the ZFC team to help you negotiate a compelling deal, putting accurate appraisals to floor position, vistas, space, and asset-appreciating upgrades. We traditionally save our customers hundreds of thousands of dollars by cutting emotions out of the equation. Our expert advice is even more relevant when investment goals are in the mix.
We've already cited that pedestrian proximity to The Square outlets and Clematis Street live action is a massive attraction. Supermarkets, coffee shops, umpteen restaurants, beauty & nail salons, art galleries, bank branches, and regular festivals are all within walking distance. Moreover, a stroll, jog, or bike ride over the Palm Beach bridge connects you to miles of Intracoastal trails, Worth Avenue iconic brand outlets, more eateries and bars, golf links, parks, pickleball, tennis, boat docking, and more. Finally, great schools (see below), an international airport, healthcare professionals, and clinics are a short drive away.
Competition for City Place South Plaza in West Palm Beach with investor-friendly renting protocols converges on the towers mentioned above (i.e., One City Plaza, The Prado, City Palms, and Two City Plaza). Prospective tenants hover around these renting opportunities like bees above a flowerbed (see why above). Also, Rapallo and further south - Boca Raton's Palmetto Place and City Walk in the Delray Beach Downtown area. We can review them in detail to locate your best New Urban value under the South Florida Sun.
Our clients generally contact us after navigating our informative website that provides crucial take-home data on every lifestyle option you can imagine. We know everything there is to know about country clubs (equity and non-equity), beachfront towers, modern resort communities with every bell and whistle except golf, estate homes, 55+ communities, boating neighborhoods on the Intracoastal canals, and historic regenerating enclaves like El Cid and Old Floresta (in Boca Raton). We guarantee you a rewarding and no-nonsense journey to your next dream home if you elect to go through the same process.
Where you live in West Palm Beach determines which public schools your children may attend, and this in turn effects real estate values. Condos in City Place South Tower are zoned for the following Palm Beach County school districts: