550 Okeechobee Boulevard Unit #623, West Palm Beach, FL 33401

$875,000
2
BD
2
BA
1,721
SqFt
Sold Price
$875,000
List Price
$999,000
Closing Date
May 22, 2026
MLS#
R11142483
Status
CLOSED
Type
Condo
Bedrooms
2
Full baths
2
Living Area
1,721

Property Description

CityPlace South Tower is the healthiest high-rise condo in Downtown West Palm Beach! No Projected Special Assessments & Virtually No Maintenance Fee Increases in 2026! Association is Compliant with statutory SIRS Requirements and has Very Healthy Reserves! In a market where space is hard to come by, this residence delivers one of the most comfortable and generous layouts you'll find downtown at this price point. The oversized living room and open floorplan offer far more room than what you typically see in comparable homes, making day-to-day living both relaxed & functional. With 1,721 square feet of interior space and an additional 342-square-foot balcony, this two-bedroom plus den lives more like a single-family home than a condo. The home is also fully ADA compliant, offering enhanced accessibility and ease of movement throughout. The expansive great room flows seamlessly into the dining area and out onto the terrace, with floor-to-ceiling hurricane-impact windows filling the space with natural light. Custom-built closets throughout add thoughtful convenience and help keep the home organized. Both bathrooms offer a calm, spa-inspired feel that complements the home's bright, contemporary design. The den provides valuable flexibility, ideal for an office, media room, or guest space. Set in the heart of Downtown West Palm Beach, you're surrounded by the best of what the city has to offer. The neighborhood is experiencing remarkable growth, with billions in new developments including luxury hotels, Class-A office towers, enhanced waterfront spaces, and world-renowned dining such as Eataly, Milos, and Harry's of New York. Downtown is quickly becoming one of South Florida's most sought-after urban destinations for both residents and investors. CityPlace South Tower provides a full suite of resort-style amenities: 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! From this location, you can walk to CityPlace, Brightline, the Kravis Center, Clematis Street, the Norton Museum, the waterfront, and even Palm Beach Island. With immediate rental availability (30-day minimum, up to 12 times per year), this residence also presents excellent investment flexibility. A rare combination of space, accessibility, and location, offering an effortlessly livable downtown lifestyle.

Additional Information

Days on Market
182
Interior Features
Interior Hall, Closet Cabinetry, Cooking Island, Fire Sprinklers, Split Bedroom, Walk-In Closet(s), Den/Library/Office, Family Room, Utility Room/Laundry
Tax Amount
$6,964
Parcel Number
74434328340000623
#Garage Spaces
2
Bedroom Description
Primary Bath Shower, Primary Bath Tub
Front Exposure
Southeast
Exterior Features
Balcony, Built-In Grill, Outdoor Shower
Association Fee
$1821
Parking Restrictions
2 Or More Spaces, Assigned, Awning, Covered, Guest, No Boats, Parking Garage, No Rv/Boats
Pet Restrictions
Yes
Pets Allowed
Yes
Unit Number
623
Elementary School
Palm Beach Public
SqFt Liv Area
1,721
Amenities
Bike Storage, Barbecue, Business Center, Gated, Community Room, Community Pool, Elevator(s), Exercise Room, Library, Management On Site, Pool, Private Pool, Sauna, Security Patrol, Spa/Hot Tub, Trash Chute
Year Built
2008
Style
Condo
Restrictions
No Trucks/Rv'S
Development Name
Cityplace South Tower Cond, Cityplace South Towe
Construction Type
Concrete Block Construction, Stucco

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Listing Courtesy of Compass Florida LLC, Contact:

Selling Office: The Palm Beach Group.