Let's start with some relevant points regarding location and a little history:
It may seem like the name change created the price escalation, but that’s not the case. Indeed, it's essentially the result of West Palm Beach Downtown becoming highly desirable from 2000 onward with the emergence of The Square (a focal shopping center only a few blocks from The Plaza). This real estate program quickly developed into a mainstream high-end residential location with towers like One City Plaza and The Prado entering the landscape. In addition, a few mega-luxury condo enclaves (e.g., La Clara and The Bristol) rising on Flagler (not on the island), thus confirming the tight section west of the Palm Beach bridge as desirable to multi-millionaires and The Plaza's authenticity as a high-caliber luxury community.
Also, let's not forget the spectacular water-centric vistas intermingled with tropical foliage, palm trees, city lights, and birdlife open to every Plaza residence ranging between 1,900 and 8,000 square feet + under air (UA). That, and undoubtedly, almost every unit owner has remodeled with the latest materials such as:
The described upgrades above arrived on top of high-impact glass windows and sliders, semi-private high-speed elevators, and expansive terraces leading off living spaces.
As far as amenities go, The Plaza of the Palm Beaches in West Palm Beach has little to be ashamed of after significant renovations to lounges, the games room, two heated swimming pools, sundeck, tennis & pickleball courts, and a fully equipped fitness center with saunas. In addition, the package includes 24/7 high-tech security, stunning campus manicured gardens, allocated underground parking, a door attendant, and full-time concierge service. Unfortunately, however, HOA fees of over $1 per square foot of condo ownership are relatively high versus the incredible facilities offered by modern competitors (see below).
Our team has reviewed prices streaming through in 2022/3 (with a footnote that values change over time) and discovered that they ranged between $750 and $2,384 per square foot (UA) - a massive $1,634 differential (or 217% value gap on the bottom level). It indicates, for example, that similar 3,500-square-foot (UA) condos sold from $2,625,000 to over $9 million! That's a mind-boggling variance, which tells us there are diamonds in the rough in this enclave, and MLS listings may be sticking out with possible bargain price tags. Imagine the upgrades you can do yourself as a condo owner with a few million dollars saved from your deal. So, if interested, lean on our expertise as a buyer's agent to zone in on the one that makes bottom-line sense.
The Plaza's allure connects to the proximity of everything being reachable in minutes, even by foot or bike. The Square and Clematis are next door with coffee shops, restaurants, bars, delis, supermarkets, and nail salons - indeed, every retail convenience under the Florida sun. Across the bridge are golf courses, beaches, Worth Avenue top-brand outlets, more eateries, and live entertainment. Also, yacht docking, parks, and miles of waterside trails. Finally, clinics, good schools (see below), and an international airport are fast drives from any Plaza address. One could say the tower is a district landmark, defining the true meaning of centrality.
So what competes? We can run off a string of names, but not many reflect the valuation variance pinpointed above. Still, look at La Clara and The Bristol to get perspective (with steep HOA fees for eye-popping modern amenities). Also, go south for comparison in Boca Raton's Alina, One Thousand Ocean, Luxuria, Excelsior, Mizner Grand, and Royal Palm Residences. All are on or connected to Michael Dell’s Boca Club and Resort - a destination retreat for the wealthy from all parts of the world and open to new membership. Other must-sees are Mandarin Oriental, Aragon, Ocean Place Estates, and Ocean Place Villas - four compounds in a class of their own.
ZFC covers the most desirable country clubs up and down the coast, boating communities for deep-sea enthusiasts, modern resort complexes with five-star bells and whistles, ranches on rolling acres with horses in the backyard (but still in the city), and other verticals. As professional realtors, we'll review all of it - or only your particular interest - to zone in on your next dream home. So trust us with your time and confidence; our team will go the extra mile to ensure it is more than worth it with a fantastic result.
The Plaza Of The Palm Beaches is a townhouse community located in West Palm Beach Florida with a range of options priced between $3,050,000 and $3,050,000. There are currently a total of 14 Townhouses for sale, the smallest townhouse currently on the market is a three bedroom four bathroom residence that is 3,977 square feet (3,977SF Under Air) and the largest of the townhouses currently available is a three bedroom four bathroom, 3,977 square foot (3,977SF Under Air) residence. In addition there are numerous other communities in West Palm Beach to choose from, or you may browse all Townhouses for sale in West Palm Beach. Townhouses in The Plaza Of The Palm Beaches are selling quickly, set up a new listing alert and we will notify you immediately when a new listing hits the market. Of course you can always contact your ZFC Real Estate agent who would be happy to assist you further with your search for a Townhouse in The Plaza Of The Palm Beaches West Palm Beach.
Where you live in West Palm Beach determines which public schools your children may attend, and this in turn effects real estate values. Townhouses in The Plaza Of The Palm Beaches are zoned for the following Palm Beach County school districts: