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Palm Beach


After over 100 years of graceful evolution, Palm Beach today is a fully developed community, world-renowned for its beauty, quality of life and small-town character. It is home to “Captains of Industry” and the world famous Worth Avenue and The Breakers Hotel. Approximately 9,000 citizens make Palm Beach their year-round home, and about 20,000 more have a seasonal home in Palm Beach where they enjoy the winter months.

The Town is governed by an elected Mayor and a five-member Council, operates under the Council-Manager form of government, and provides a full range of quality municipal services. It has an active historic preservation program, strict zoning standards, high levels of public safety and public works services, 3 miles of public beaches, and a wide array of recreation programs, including award winning golf and tennis facilities.

Palm Beach Overview


Size Residential Breakdown
Approximately 14.5 miles long and approximately 0.7 miles wide at its widest section. Single Family/Townhouse units: Approx 2,500

  • Oceanfront: 179 (7%)
  • Lakefront: 265 (11%)
  • Ocean to Lake: 19 (<1%)

Condo/Co-Op units

  • Condos: 5,315
  • Co-Ops: 1,071

Market Drivers

  • Scarcity: Palm Beach is an island surrounded by water.
  • Liquidity
  • Investment Quality
  • Demographics
  • No State Income Tax
  • No Estate Tax
  • Tropical Climate
  • Architectural Integrity
  • Tight Zoning Code

2017 Local Mil Rate Comparison

  • Palm Beach: 16.79
  • West Palm Beach: 22.09, except in the DDA/Downtown Area: 24.02
  • Delray: 20.61, except the DDA/Downtown Area: 24.02
  • Manalapan: 16.32
  • Ocean Ridge: 19.46
  • Gulfstream: 17.88
  • North Palm Beach: 20.85
  • Jupiter: 18.91
  • Wellington: 22.00