A million dollars is a lot of money. In South Florida, though, what it buys varies enormously depending on the area and the type of property.
The trade-offs
At this price, you'll usually be choosing between:
- Location vs. space. Closer to the water or downtown usually means less square footage.
- New vs. established. Newer buildings can have more amenities but higher monthly costs.
- House vs. condo. A condo can put you on the water for the price of an inland house.
In West Palm Beach
For a condo, what $1 million gets you depends heavily on the building, the floor and the view. Rather than quote ranges that go stale, I'd pull today's listings in search at your number and compare them building by building.
For single-family homes, the same budget usually goes further a little inland from the water.
Further afield
Moving north or south in the county changes the picture again. Each town has its own pricing.
Look beyond the price
Two $1 million properties can have very different monthly costs once you add taxes, insurance and HOA. Always compare total cost.
Our condo building reports estimate monthly True Cost for luxury towers in West Palm Beach, and search shows what's available today. For new buildings, see our developments page.
— Joel Poulin, Broker Associate | The Corcoran Group · (561) 556-3668