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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 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

2018 Local Mil Rate Comparison

  • Palm Beach: 16.29
  • West Palm Beach: 21.63, except in the DDA/Downtown Area: 22.63
  • Delray: 20.13, except the DDA/Downtown Area: 21.13
  • Manalapan: 16.19
  • Ocean Ridge: 19.10
  • Gulfstream: 17.21
  • North Palm Beach: 20.66
  • Jupiter: 18.43
  • Wellington: 19.69