Palm Beach & Martin County
New Development Intelligence

Inside West Palm Beach's Billionaire Condo Development Boom

West Palm Beach has emerged as one of the fastest-growing ultra-luxury condo markets in the country. Fueled by finance, tech, and private equity relocations from New York and California, the downtown skyline is being completely transformed. South Flagler House ($5.9M–$72.5M), Forte on Flagler ($14.7M–$47.5M), and Olara ($1.5M–$8M+) are redefining luxury in Palm Beach. Out-of-state buyers represent 42% of demand — led by NY, CT, and CA — and developers report record pre-sale velocity, with units going under contract before groundbreaking.

South Flagler House Shatters Records — $72.5M Penthouse Goes Under Contract

The Related Companies' South Flagler House — twin 28-story towers by Robert A.M. Stern Architects — recorded its most expensive contract to date: a $72.5M full-floor penthouse. Now over 70% sold before its 2027 delivery, South Flagler House is the most ambitious luxury residential project in Palm Beach County history. Residences feature panoramic Intracoastal and ocean views, private boat slips, and a members-only club floor.

Forte on Flagler Tops Off — Last Units at $14.7M–$47.5M

Forte on Flagler, the 26-story boutique Intracoastal tower, reached its final floor in early 2026. The 40-residence building features a private marina, rooftop amenity deck, and bespoke interiors. With just a handful of units left, this is one of the last chances to buy in one of South Florida's most exclusive addresses before it sells out completely.

Panther National Phase One Sells Out — Jack Nicklaus Course Drives Demand

Jupiter's Panther National sold through its entire first phase faster than projected. Home sites range from $2.5M to $10M+, attracting PGA Tour pros, athletes, and ultra-HNW buyers seeking gated golf-centric living in Northern Palm Beach County. Phase Two releases are expected mid-2026 with significant price increases anticipated. Carla has exclusive relationships and insight within the Panther National community.

SobelCo Condo Project Moves Ahead in Riviera Beach

Developer SobelCo secured approvals for a new luxury condo tower in Riviera Beach, targeting growing demand for waterfront product north of downtown West Palm Beach. This adds to a wave of new supply along the Singer Island corridor, where oceanfront inventory has long been scarce. Riviera Beach is attracting serious buyer and investor attention as a compelling alternative to Palm Beach Island at below-market waterfront pricing.

Martin County Luxury Heats Up — Hobe Sound & Sewalls Point See Record Demand

As Palm Beach County inventory rises and prices soften, ultra-luxury buyers are turning to Martin County's Hobe Sound, Stuart, and Sewalls Point. Waterfront estates priced $3M–$20M+ are moving quickly, fueled by buyers seeking larger lots, deeper water dockage, and lower density than Jupiter Island. Martin County's no-highrise zoning — capping at 4 stories — is a powerful long-term value protector for discerning buyers.

3,000+ Luxury Units in WPB Pipeline — Skyline Transformation Underway

West Palm Beach's residential pipeline now shows 3,000+ new luxury units planned or under construction within one mile of Flagler Drive. From boutique 40-unit Intracoastal towers to twin 28-story megaprojects, downtown WPB is the most active luxury development market between Miami and New York. Buyers who move ahead of delivery-driven appreciation — historically 15–25% upon completion — are best positioned for maximum returns.

Why Buyers Are Choosing Martin County Over Palm Beach in 2026

Martin County's no-highrise, low-density character has long attracted a discerning buyer. With Palm Beach County prices softening in 2026, Martin County is emerging as a compelling value play. Sewalls Point estates, Hobe Sound oceanfront, and Stuart waterfront homes offer roughly 45% below comparable Palm Beach County waterfront pricing — with the same Intracoastal access, boating lifestyle, and quality of life. Carla covers both markets with depth and precision.