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LPH 23
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Cityplace South Tower LPH 23 Sold

$1,975,000
550 Okeechobee Blvd · West Palm Beach
Cityplace South Tower LPH 23 Sold
$1,975,000
550 Okeechobee Blvd · West Palm Beach
MLS B26043812
Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 1 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 2 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 3 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 4 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 5 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 6 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 7 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 8 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 9 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 10 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 11 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 12 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 13 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 14 of 15Cityplace South Tower LPH 23, 550 Okeechobee Blvd, West Palm Beach FL 33401, photo 15 of 15
$1,975,000Sold Price
$1,156Per SqFt
2/2Beds/BathsBd/Ba
1,709SqFt · 158.8 m²
Cityplace South Tower · MLS B26043812 · 133 days on Zilbert · Listed Jun 21, 2026 · 550 Okeechobee Blvd, West Palm Beach FL 33401

Property Details

Sold Price$1,975,000
Last Asking Price$2,100,000
Price per SqFt$1,156
Maintenance Fee$1,829 Monthly
Property Taxes$9,763 2025
Interior Space1,709 SqFt
Beds/Baths2/2
FurnishedNegotiable
Year Built2008
Closed Date10/30/2026
MLS #B26043812

Location

Directions

From the listing

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 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." 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.

Listed by Compass Florida LLC

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$1,829
Property taxes$814
Per month$2,643

Maintenance $1,829 a month; taxes $9,763 for 2025. MLS figures, which may not be accurate.

Sales History for This Unit · Cityplace South Tower LPH 23

Sales history is unavailable for this property

What Other Units Have Been Selling For at Cityplace South Tower

32 units sold at Cityplace South Tower in the last 12 months at an average of $674/SqFt (this sale among them)

Below, the most recent sales most like this unit: units with the same bedroom count.

Unit ⇅Sold Price ⇅% of Ask ⇅Beds/Baths ⇅SqFt ⇅$/SqFt ⇅Closed Date ⇅

For a full analysis of past sales in this building, contact Mark Zilbert.

Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at Cityplace South Tower. Ask me about this residence, the line, or the building.

Listed by Compass Florida LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in West Palm Beach and throughout South Florida.

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.

More at Cityplace South Tower

At Cityplace South Tower, 11 units are for sale and 32 sold in the last 12 months at an average of $674 per SqFt. LPH 23 sold at $1,156 per SqFt, above the building's average at the time. Figures compiled by Mark Zilbert, a West Palm Beach real estate agent with ONE Sotheby's International Realty, from MLS records.

Ask Mark