DON’T MISS OUT! This is a RARE opportunity for an EXCEPTIONALLY-VALUED home with VERY UNIQUE assets! This impeccable residence combines scale, style, & an enviable downtown lifestyle showcasing the largest interior floor plan in the building! Designed for modern living & effortless entertaining, this unit covers 1721-SqFt of interior + 342-SqFt of additional wraparound balcony space. This expansive two-bedroom layout PLUS a multi-functional, convertible den space lives like a true single-family home. With the complement of 2 separate garage spaces, and 2 very large storage units adding up to 135-SqFt of EXTRA STORAGE, this condo offers the VERY ULTIMATE IN CONVENIENCES at an unbeatable value at one the most rarely-equipped properties ever offered in the BOOMING city of Downtown West Palm! –
Specifically, this apartment comes with TWO separate parking spaces located securely within the building’s gated garage – one of which is located just steps down the hallway on the SAME FLOOR, while the other is located just one floor below on the highly sought after 3rd floor, and a nearby elevator takes you right there! The apartment ALSO comes with TWO privately-owned, side-by-side, storage units located just across the hallway on the SAME FLOOR. These are both floor-to-ceiling, walk-in storage cages, each measuring approximately 9′ x 8′ and 9′ x 7′, which amounts to a total of approximately 135 SqFt of additional storage room space, all under temperature-controlled air. All of these incredible assets are also immediately sellable, or rentable to other residents in the building for INSTANT INCOME.
The apartment itself is meticulously maintained and thoughtfully upgraded, featuring a newer Bosch AC unit, newer porcelain tile flooring in both bedrooms, upgraded designer lighting, all upgraded solid wood designer doors, and custom-built closets throughout. Both bathrooms offer a spa-like retreat that complements the home’s bright, contemporary design. Floor-to-ceiling hurricane-impact windows fill the home with natural light, accentuating the open and airy feel.
CityPlace South Tower is perhaps the healthiest high-rise condo in Downtown West Palm Beach! Very Healthy Reserves! No Special Assessments & Virtually No 2026 Maintenance Fee Increases! Situated in the heart of booming Downtown West Palm Beach, you’re steps from world-class dining, shopping, the Kravis Center for the Performing Arts, the Brightline station, and all the cultural energy the city has to offer. Downtown West Palm Beach is in the midst of a remarkable transformation, quickly becoming one of South Florida’s most sought-after destinations for luxury living, investment, and innovation. With billions in new development underway – including Class-A office towers, five-star hotels, acclaimed restaurants like Eataly, Milos, and Harry’s of New York, and expanded waterfront spaces – the area is attracting global attention and high-profile residents. West Palm Beach is also rapidly emerging as one of the country’s most important financial and academic hubs, highlighted by the planned Vanderbilt University graduate campus downtown and the continued influx of major financial firms establishing headquarters and offices in the area. This unprecedented level of investment is driving the newest evolution of the city and positioning it for strong, long-term growth – making ownership here not only a lifestyle opportunity but a compelling investment as property values continue to rise. There’s no question that West Palm Beach has now captured the industry’s attention nationwide, and has firmly established itself at the intersection of culture, convenience, and world-class living.
CityPlace South Tower offers a full suite of resort-style amenities, including 24-hour concierge, valet parking, a state-of-the-art fitness center, designer club room, summer kitchen pavilion, and a stunning pool and spa deck overlooking the city. Exciting new renovations to the already-exquisite pool deck, clubroom, and conference room are now complete, further elevating this iconic Downtown address! Lobby entrance remodeling is also well underway and scheduled for completion in early 2026, promising an elevated and refreshed arrival experience!
Walkable to CityPlace, the Kravis Center, Brightline, Clematis Street, the Norton Museum, waterfront concerts, and Palm Beach’s pristine beaches this is the lifestyle you’ve been waiting for. And with the ability to rent immediately for a minimum of 30 days up to 12 times per year, this residence is as smart an investment as it is a place to call home. Your best life starts here where luxury, location, and lifestyle come together seamlessly.
Specifically, this apartment comes with TWO separate parking spaces located securely within the building’s gated garage – one of which is located just steps down the hallway on the SAME FLOOR, while the other is located just one floor below on the highly sought after 3rd floor, and a nearby elevator takes you right there! The apartment ALSO comes with TWO privately-owned, side-by-side, storage units located just across the hallway on the SAME FLOOR. These are both floor-to-ceiling, walk-in storage cages, each measuring approximately 9′ x 8′ and 9′ x 7′, which amounts to a total of approximately 135 SqFt of additional storage room space, all under temperature-controlled air. All of these incredible assets are also immediately sellable, or rentable to other residents in the building for INSTANT INCOME.
The apartment itself is meticulously maintained and thoughtfully upgraded, featuring a newer Bosch AC unit, newer porcelain tile flooring in both bedrooms, upgraded designer lighting, all upgraded solid wood designer doors, and custom-built closets throughout. Both bathrooms offer a spa-like retreat that complements the home’s bright, contemporary design. Floor-to-ceiling hurricane-impact windows fill the home with natural light, accentuating the open and airy feel.
CityPlace South Tower is perhaps the healthiest high-rise condo in Downtown West Palm Beach! Very Healthy Reserves! No Special Assessments & Virtually No 2026 Maintenance Fee Increases! Situated in the heart of booming Downtown West Palm Beach, you’re steps from world-class dining, shopping, the Kravis Center for the Performing Arts, the Brightline station, and all the cultural energy the city has to offer. Downtown West Palm Beach is in the midst of a remarkable transformation, quickly becoming one of South Florida’s most sought-after destinations for luxury living, investment, and innovation. With billions in new development underway – including Class-A office towers, five-star hotels, acclaimed restaurants like Eataly, Milos, and Harry’s of New York, and expanded waterfront spaces – the area is attracting global attention and high-profile residents. West Palm Beach is also rapidly emerging as one of the country’s most important financial and academic hubs, highlighted by the planned Vanderbilt University graduate campus downtown and the continued influx of major financial firms establishing headquarters and offices in the area. This unprecedented level of investment is driving the newest evolution of the city and positioning it for strong, long-term growth – making ownership here not only a lifestyle opportunity but a compelling investment as property values continue to rise. There’s no question that West Palm Beach has now captured the industry’s attention nationwide, and has firmly established itself at the intersection of culture, convenience, and world-class living.
CityPlace South Tower offers a full suite of resort-style amenities, including 24-hour concierge, valet parking, a state-of-the-art fitness center, designer club room, summer kitchen pavilion, and a stunning pool and spa deck overlooking the city. Exciting new renovations to the already-exquisite pool deck, clubroom, and conference room are now complete, further elevating this iconic Downtown address! Lobby entrance remodeling is also well underway and scheduled for completion in early 2026, promising an elevated and refreshed arrival experience!
Walkable to CityPlace, the Kravis Center, Brightline, Clematis Street, the Norton Museum, waterfront concerts, and Palm Beach’s pristine beaches this is the lifestyle you’ve been waiting for. And with the ability to rent immediately for a minimum of 30 days up to 12 times per year, this residence is as smart an investment as it is a place to call home. Your best life starts here where luxury, location, and lifestyle come together seamlessly.
Listing Provided Courtesy of Compass Florida LLC at 561-270-5384
Property Details
Price:
$999,000
MLS #:
R11131518
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
CITYPLACE SOUTH TOWER CONDO
Neighborhood:
5430
Listed Date:
Oct 11, 2025
Finished Sq Ft:
1,721
Total Sq Ft:
2,063
Year Built:
2008
See this Listing
Schools
Elementary School:
Palm Beach Public
Interior
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air, Electric
Flooring
Ceramic Tile
Heating
Central, Electric
Laundry Features
Inside, Laundry Closet
Exterior
Architectural Style
Colonial
Association Amenities
Pool, Bike Storage, Business Center, Community Room, Elevator(s), Fitness Center, Internet Included, Library, Manager On Site, Parking, Picnic Area, Sauna, Sidewalks, Spa/Hot Tub, Street Lights, Trash Chute
Construction Materials
Concrete, Metal Siding, Stucco
Exterior Features
Balcony, Built-in Barbecue, Outdoor Shower, Summer Kitchen
Parking Features
Assigned, Covered, Garage, Guest
Roof
Concrete, Spanish Tile, Tile
Security Features
Closed Circuit Camera(s), Fire Sprinkler System, Gated – No Guard, Key Card Entry, Lobby – Attended, Security Patrol, Security System, Security System Owned, Smoke Detector(s)
Financial
HOA Fee
$1,822
HOA Frequency
Monthly
HOA Includes
Cable TV, Common Areas, Elevator, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water
Tax Year
2025
Taxes
$5,681
Map
Community
- Address550 Okeechobee Boulevard 423 West Palm Beach FL
- SubdivisionCITYPLACE SOUTH TOWER CONDO
- CityWest Palm Beach
- CountyPalm Beach
- Zip Code33401
Market Summary
Current real estate data for Condo in West Palm Beach as of Feb 17, 2026
1,121
Condo Listed
69
Avg DOM
492
Avg $ / SqFt
$1,188,892
Avg List Price
Property Summary
- Located in the CITYPLACE SOUTH TOWER CONDO subdivision, 550 Okeechobee Boulevard 423 West Palm Beach FL is a Condo for sale in West Palm Beach, FL, 33401. It is listed for $999,000 and features 2 beds, 2 baths, and has approximately 1,721 square feet of living space, and was originally constructed in 2008. The current price per square foot is $580. The average price per square foot for Condo listings in West Palm Beach is $492. The average listing price for Condo in West Palm Beach is $1,188,892. To schedule a showing of MLS#r11131518 at 550 Okeechobee Boulevard 423 in West Palm Beach, FL, contact your Stonecrest International Realty agent at 561-707-9933.
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