550 Okeechobee Boulevard, #1221, West Palm Beach, FL, 33401 | $550,000

CityPlace South Tower is the healthiest highrise 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! This completely reimagined one-bedroom residence offers high-end finishes, exceptional light, and one of the largest balconies you'll find in a 1-bedroom downtown. Updated from top to bottom, the home features wide-plank, wood-look tile flooring throughout and recessed lighting that makes the entire space feel light, bright, and airy. The kitchen is a showstopper, with quartz waterfall countertops, sleek custom cabinetry, upgraded appliances, and a modern backsplash, perfect for both everyday living and entertaining. The bathroom has been transformed into a spa-like retreat with floating vanity cabinetry, gorgeous tilework, and a walk-in shower in place of the original tub. The spacious bedroom is complemented by a custom-built walk-in closet with tailored shelving and storage. One of the unit's standout features is the oversized private balcony, nearly twice the size of most one-bedrooms in the building and beautifully tiled - creating the perfect setting for outdoor dining or relaxing with sunset views. 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.

Features

  • Parking: Assigned, Covered, Guest, Garage
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Levels: 20
  • Amenities: Elevator(s), Fitness Center, Picnic Area, Parking, Pool, Sauna, Spa/Hot Tub, Manager On Site, Trash Chute, Bike Storage, Business Center, Community Room, Internet Included, Library, Sidewalks, Street Lights
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Laundry Closet, Inside
  • Complex: CITYPLACE SOUTH TOWER CONDO
  • Development: Cityplace South Tower Condo
  • Year Built: 2008
  • Common Charge: $844 Monthly
  • Approx Sq. Feet: 790
  • Acreage: 0.01
  • Est. Taxes: $6,056
  • Lot Desc: Sidewalks
  • View: City, Intracoastal, Lake, Ocean
  • Elem. School: Palm Beach Public
  • Pet Policy: Yes, Breed Restrictions, Number Limit, Size Limit, Pet Restrictions Possible
  • Appliances: Dryer, Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • MLS#: RX-11137310
  • Website: https://www.raveis.com
    /prop/RX-11137310/550okeechobeeboulevard_westpalmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Michelle and Robert Nead TeamLicensed Real Estate Salespersons

914.282.0618

Nead@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

550 Okeechobee Boulevard, #1221, West Palm Beach, FL, 33401

$550,000

Michelle and Robert Nead Team

Licensed Real Estate Salespersons

William Raveis Real Estate

Phone: 914.282.0618

Nead@Raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $440,000 $440,000 $440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.258% 6.292% 5.628%
Monthly Tax Payment $505 $505 $505
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,533 $2,673 $3,566
Total Monthly Payment $3,130 $3,270 $4,163

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.