West Palm is making waves in luxury real estate
The sun rises over 6315 S. Flagler Drive, a West Palm super-villa priced at $42.5 million. Daniel Petroni Not so long ago, the Intracoastal was the Berlin Wall. On the island side, charity luncheons in mega-villas flashed with Tory Burch and tennis bracelets.
And on the mainland, West Palm was known largely for its dog track. Then, mega-developer Related Ross came and tore down that wall. The developer is behind a massive redevelopment of West Palm that includes the construction of homes so luxurious theyâre luring persnickety island buyers across the water.
For now, the action is concentrated on South Flagler Drive.
âWhen we broke ground on South Flagler House, no one had tested whether an entire building could be absorbed at this price point in the West Palm Beach market,â says Bryan Cho, executive vice president, Related Ross, of their 105-unit, 28-story towers designed by Robert A.M. Stern at 1355 S. Flagler Drive. âWhat weâve learned is that buyers respond to quality ⌠and weâre on pace to sell out before we open early next year.â
But act quickly and you can still nab the south towerâs duplex penthouse, on the market asking $70 million with Suzanne Frisbie of the Corcoran Group.
Spanning the 27th and 28th floors, it has seven bedrooms and eight full baths spread over 13,904 square feet, with nearly 2,000 additional square feet outdoors.
Three miles down the coast, at 6315 S. Flagler Drive, a newly built modern mega-villa is ready for those who donât need to live above it all and canât stomach the $100-million-plus asks across the Intracoastal.
âPeople are leaving the island to come to West Palm Beach looking for similar estate-style homes at a much lower per-square-foot price,â says Hilary Musser, star of Netflixâs âMembers Only: Palm Beachâ and developer of the seven-bed, nine-full-bath home. Sheâs selling it alongside Douglas Elliman superstar Fredrik Eklund for $42.5 million.
âAt South Flagler, theyâre getting upward of $6,000 a square foot. Iâm running at $3,100 a foot, making my $42.5 million look like a bargain,â she says. Located directly on the water with a dock that can handle a 90-foot yacht, itâs 13,370 square feet of âfull-blown luxuryâ inside, Musser says, with a private cinema, fine art and furnishings by Poltrona Frau.
Musser also handled the homeâs interior design. âI think that thereâs a lot of upside to West Palm over Palm Beach,â she says. âFor instance, if you live in the estate section of Palm Beach south of Mar-a-Lago, you canât drive north when Trump is in town. You have to cross the bridge, and then turn around and go back. Itâs sort of ridiculous. From this location, itâs actually much faster to get to Worth Avenue.â
Steps down the street is 6709 S. Flagler Drive, a traditional mansion that hit the market after a meticulous redesign last year by Caroline Rafferty Interiors.
With 120 feet of water frontage, the five-bedroom, five-full-bathroom home has 6,706 square feet, a pool, a garden and, most importantly, a private dock.
Itâs asking $19.95 million with Brown Harris Stevensâ Whitney McGurk and Liza Pulitzer. Thatâs roughly a decimal place less than what a home could cost half a mile across the waterway.
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