Ultra-luxurious West Palm Beach Condos, Surprisingly Affordable
CityPlace South Tower – Priced from $205,900
November 29, 2010
Joel Greene here from Condo Hotel Center. I have a beautiful condominium property to tell you about today in one of South Florida’s most desirable cities, West Palm Beach, Florida.
CityPlace South Tower is an exceptional 20-story condominium with superb amenities in an ideal downtown location.
Offered today at a deep discount to the prices CityPlace first commanded when condos were sold in its pre-construction phase in 2006, it would be impossible for a developer to duplicate a building of this quality and style in today’s market. A new home at CityPlace has all the frills, but none of the big gulp that usually comes with purchasing a property that is this outstanding.
Among its high-end property features, CityPlace offers:
- Stunning two-story lobby with porte-cochere entrance
- 35,000 sq. ft. sun deck overlooking Intracoastal & Atlantic
- Infinity-edge, resort-style heated pool
- Poolside summer kitchen
- State-of-the-art, fully equipped fitness center
- His and her steam room and sauna
- Spa treatment room
- Private conference room
- Club party room with catering kitchen & billiards
- Video gaming area
- 9,300 sq. ft. of retail space
- Wi-Fi access throughout
How CityPlace Came to Be
CityPlace South Tower was developed by Miami-based Related Group, one of the country’s most prominent residential development companies, in business since 1979. When CityPlace’s 2008 opening unfortunately coincided with the real estate crash, Related handed over control of the property to the lender, Scotia Capital, July 2009.
In Nov. 2010, Scotia sold the remaining 305 unsold units to, its current owner, Dallas Texas Investment Group, Gulfstream Capital Partners. Gulfstream, led by Vero Beach native Frank G. Howard Jr., owns a portfolio of multi-family and mixed-use developments nationwide.
When these units were originally sold in 2006 during the pre-construction phase, average prices were $450 to $500 per sq. ft. Today’s prices average only $321 per sq. ft.
The condos are spacious, ranging from to 790 to 1,721 sq. ft.
A Great Location
CityPlace South Tower has an ideal downtown location in West Palm Beach. If you’re never been to this city, trust me, it’s terrific, whether for a weekend escape or year-round living.
It offers nearly perfect weather and a range of outdoor and cultural attractions, not to mention the city’s other claim to fame—amazing shopping. From designer boutiques to big name department stores, art galleries, golf, theaters, the beaches and the museums, West Palm Beach has it all.
CityPlace, the world-famous shopping center, is right across the street from CityPlace South Tower. Also nearby is the Kravis Center for the Performing Arts, the new Palm Beach Convention Center, the West Palm Beach International Airport and, of course, the beaches.
Spacious Condos Affordably Priced
A large variety of one- two- and, three-bedroom condos, ranging from 790 to 1,721 sq. ft., are available to close on immediately. They feature oversized balconies offering water and city views.
Prices are surprisingly affordable, ranging from $205,900 to $700,900. This property is Fannie Mae approved, so bank financing is readily available for qualified buyers. A 10% deposit reserves your choice of condo.
Request a Free Data Sheet
I’ve put together a detailed data sheet that will give you lots more details and photos of CityPlace South Tower. It’s free for the asking, but you do need to supply your name and contact information in accordance with the seller’s requirements.
As always, thank you for your interest in the properties we showcase here at Condo Hotel Center. Please feel free to pass our Property Alerts along to friends. And, if there’s a specific type of property you’re seeking, I encourage you to contact us, as we have a wealth of information and data that we’re happy to share.
Have a nice day.
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33181
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