550 Okeechobee Boulevard Unit Lph-23, West Palm Beach, FL 33401

$2,100,000

For the first time ever, this one-of-a-kind, extensively remodeled Penthouse is being offered for sale. Showcasing breathtaking direct east-facing views of the Atlantic Ocean and Intracoastal Waterway from nearly every room, this exceptional corner residence offers a level of luxury, privacy, and architectural uniqueness rarely found in Downtown West Palm… Read More Beach. A truly rare opportunity, this home features a dramatic double-wide kitchen expansion that immediately captivates from the moment you enter. The enlarged footprint creates a grand sense of scale, opening unobstructed sightlines from the living and dining areas and out to the wraparound balcony. There is simply no other floor plan like it in the building, a genuine 1-of-1 offering in the heart of Downtown West Palm Beach. Perfectly positioned on the coveted penthouse level, this residence combines sweeping water views with an unbeatable location in one of the country's fastest-growing luxury markets, now widely known as Wall Street South. Two highly desirable garage parking spaces and a large private storage unit further elevate the value and rarity of this exceptional offering. At the heart of the residence is an absolutely stunning, magazine-worthy chef's kitchen unlike anything else in CityPlace South Tower. Completely reimagined and expanded, this showpiece was designed with both luxury and functionality in mind. Custom cabinetry seamlessly conceals a full suite of integrated Miele appliances, including an extra-large refrigerator, induction stove-top, and a built-in Miele coffee system that brings the café experience home. Hardware-free push-to-open cabinetry, in-cabinet lighting, extensive custom storage solutions, and sleek designer finishes create a clean, sophisticated aesthetic, while custom tray ceilings and end-to-end recessed lighting provide a warm and inviting ambiance. Whether entertaining guests or enjoying a quiet morning overlooking the water, this extraordinary kitchen serves as the centerpiece of the home and is truly a chef's dream. Designer sophistication continues throughout the residence with soaring 10-foot ceilings, expansive floor-to-ceiling windows and sliders, and a seamless connection to the oversized 400-square-foot wraparound balcony. Every detail has been thoughtfully curated, including a newer top-of-the-line Bosch air conditioning system that provides exceptional comfort and efficiency year-round. The result is a residence that perfectly blends luxury, comfort, and modern convenience while maximizing its stunning eastern exposure. CityPlace South Tower is widely regarded as one of the premier luxury condominium buildings in Downtown West Palm Beach and stands out as perhaps the healthiest high-rise condominium community in the downtown market. With strong reserves, no special assessments, and virtually no maintenance fee increases for 2026, owners can enjoy an exceptional level of financial stability and peace of mind that is increasingly difficult to find. Situated in the heart of booming Downtown West Palm Beach, residents enjoy immediate access to world-class dining, shopping, entertainment, and culture. Walk to the Kravis Center for the Performing Arts, Brightline, waterfront events, acclaimed restaurants, nightlife, and countless destinations that make downtown one of South Florida's most vibrant urban centers. The pristine beaches of Palm Beach Island are just minutes away, while the building is uniquely zoned for an A-rated elementary school district. Downtown West Palm Beach is currently undergoing one of the most significant transformations in the nation. Billions of dollars in new investment are reshaping the city through the development of Class-A office towers, luxury hotels, expanded waterfront spaces, and acclaimed destinations such as Eataly, Milos, Harry's of New York, and numerous other high-end restaurants and retailers. The city is rapidly emerging as a major financial and academic hub, highlighted by the planned Vanderbilt University graduate campus and the continued influx of nationally recognized financial firms establishing offices and headquarters downtown. This unprecedented level of investment is positioning West Palm Beach for sustained long-term growth, making ownership at CityPlace South Tower not only an exceptional lifestyle opportunity but also a compelling investment in one of South Florida's most dynamic and rapidly evolving markets. There is no question that West Palm Beach has captured national attention and firmly established itself at the intersection of luxury living, business, culture, and convenience. Residents enjoy an exceptional collection of resort-style amenities, including 24-hour concierge service, valet parking, a state-of-the-art fitness center, designer club room, summer kitchen pavilion, and a spectacular resort-style pool and spa. This extraordinary penthouse represents a rare combination of architectural uniqueness, luxury finishes, breathtaking water views, financial stability, and an unbeatable downtown location. Opportunities like this seldom come to market. Schedule your private showing today and experience one of the most distinctive residences in all of Downtown West Palm Beach. Read Less

Courtesy of Compass Florida LLC.

Listing Snapshot

Days Online

Last Updated

Jun 27, 2026

Property Type

Condominium

Beds

Full Baths

Square Ft.

1,709

Year Built

2008

MLS Number

B26043812

30 Days Snapshot Of 33401

$931k

+88%

(avg) sold price

+666%

homes sold

+10%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Frontage Type: Paved Road, Road Surface Type: Paved Road, Paved

Appliances & Equipment

Appliances: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Washer

Building

Living Area: 1709, Architectural Style: Penthouse, Corner Unit, One Story, Mediterranean, Modern/Contemporary, Construction Materials: Concrete Block Construction, Metal Construction, Stucco, Direction Faces: East, Levels: 1, Stories: 20, Year Built: 2008, Year Built Details: Resale, Building Area Total: 2111, Building Features: Club House, Landscaped, Sauna, Sidewalk, Trash Chute, Entry Level: 18, Entry Location: Foyer, Furnished: Furniture For Sale, Furniture Negotiable, Structure Type: Condo

Community

Features: Gated, Clubhouse, Exercise Room, Management On Site, Mandatory Hoa, Paved Road, Picnic Area, Pool, Sauna, Security Patrol, Sidewalks, Spa/Hot Tub, Whirlpool

Cooling

Cooling: Ceiling Fan(s), Central Air, Electric

Dining Room

Features: Breakfast Area, Family/Dining Combination, Formal Dining, Kitchen Dining

Exterior Features

Features: Balcony, Built-In Grill, Courtyard, Exterior Lights, Outdoor Shower, Patio/Porch: Awning(s), Wrap Around

Floors

Flooring: Marble, Tile

Garage

Garage, Garage Is Attached, Covered Spaces: 2, Garage Spaces: 2

Water Features

Water Source: "Public"

Heating

Heating: Central, Electric

Home Owner's Association

Fee: $1,829, Fee Frequency: Monthly, Amenities: Bike Storage, Billiard Room, Barbecue, Business Center, Cabana, Gated, Clubhouse, Clubhouse-Clubroom, Community Room, Community Pool, Elevator(s), Exercise Room, Storage, Heated Pool, Library, Management On Site, Pool, Pool Table, Private Pool, Sauna, Security Patrol, Spa/Hot Tub, Trash Chute

Interior Features

Features: Lobby, Bar, Built-in Features, Cooking Island, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Storage, Utility Room/Laundry

Laundry

Features: Laundry Room, Utility Room/Laundry, Washer Hookup

Lot

Features: Corner Lot, Treed Lot, Sidewalk

Living Room

Features: Den/Library/Office, Family Room, Great Room, Laundry, Pantry, Storage Room, Utility Room/Laundry

Primary Bedroom

Features: Dual Sinks, Shower Only, Tub Only, Whirlpool/Spa

Miscellaneous

Other Structures: Livable

Parking

Parking Total: 2, Features: 2 Or More Spaces, Assigned, Awning, Covered, Guest, No Boats, Parking Garage, Valet, No Rv/Boats

Pool

Private Pool, Pool Features: Community, Spa, Spa Features: Community, Bath

Property

Leasable Area Units: Square Feet, View, View: Garden, Intracoastal View, Ocean, Pool, Water, Direct Ocean, Ocean View

Roof

Roof: Tile, Concrete, Tile Roof

Security Features

Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Owned Burglar Alarm, Security System, Smoke Detector, Key Card Entry, Doorman, Card Entry, Lobby Secured, Lobby Attended, Burglar Alarm, Key/Card Entry Parking, Security Patrol, TV Camera, TV Monitor, Unit Alarm

Sewer

Sewer: Public Sewer, Public Sanitation, Sewer

Taxes

Parcel Number: 74434328340002123, Tax Annual Amount: $9,763, Tax Exemptions: Homestead Exemption, Tax Reflects Homestead Exemption, Tax Legal Description: CITYPLACE SOUTH TOWER CONDO UNIT UPH-23, Tax Year: 2025

Utilities

Electric On Property YN: t, Electric: 3 Phase Electric, Utilities: Cable Available, Electricity Available, Sewer Available, Water Available

Windows

Features: Complete Impact Glass, Awning, Blinds, Sliding, Verticals

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