Where Does Stephen Ross Live in Florida? Inside His Palm Beach Home

Where does Stephen Ross live? The Miami Dolphins owner and real estate developer lives in Palm Beach, Florida, at a historic oceanfront estate on the island's north end. The Real Deal reports he bought it in 2012 for $31.9 million and made it his full-time home in 2021. His workdays happen across the bridge in West Palm Beach, where his firm Related Ross is building office towers, condos and a hospital campus. Here is what the reporting says about the house and the city he is rebuilding.

Key takeaways

• Ross lives at an estate known as the Reef, on the oceanfront north end of Palm Beach, bought for a reported $31.9 million in 2012.
• He moved to Florida full time during the pandemic, in 2021, after decades in Manhattan.
• His firm, Related Ross, is behind 360 Rosemary, One Flagler and South Flagler House in downtown West Palm Beach.
• West Palm Beach has about 2,200 active listings with a median near $310,000, per our MLS feed as of September 2026.

Where does Stephen Ross live in Florida?

Ross lives in the Town of Palm Beach, on the ocean side of the island's north end. That stretch of North County Road holds some of the largest single-family parcels in Palm Beach County. The press calls it Billionaires' Row for a reason. His neighbors, per various reports, include Howard Stern and Nelson Peltz. Pure Equity does not publish private addresses, so we leave it at the north end.

The house has a name, the Reef, which is common for older Palm Beach estates. Naming a house dates back to the 1920s building boom, when architects like Addison Mizner and Maurice Fatio gave their commissions titles the way ships get them. Many of those names survive on property records today.

Ross has said the move was a return rather than a discovery. He spent part of his youth in Miami Beach and visited Palm Beach as a child. Later he joined the Palm Beach Country Club, which sits on the same north end of the island. So the estate is close to a club he already belonged to and a coastline he already knew.

Inside the reported estate

The Real Deal's January 2025 profile put the purchase at $31.9 million in 2012. A few older online profiles date the deal to 2007 or 2008, but the price is consistent across sources, so the year is the only point of doubt. Either way, he owned it for roughly a decade as a seasonal house before it became home.

Details about the interior are thin in reputable outlets. Real estate blogs describe a large oceanfront house with a tennis court, a pool and staff quarters. None of those sites cite a listing or a permit, so we treat them as unconfirmed. What is certain from the public record is the location, the lot's ocean frontage and the price.

For a developer who builds glass towers, the choice of a historic estate is telling. Palm Beach's landmark rules restrict what an owner can change on an older house, and buyers on the north end pay for the land and the privacy first. The house comes second.

Why Stephen Ross chose West Palm Beach for work

The Palm Beach home explains where he sleeps. West Palm Beach explains why he moved. Ross told Palm Beach Illustrated that Florida was a great business state that flourished when other states did not. West Palm Beach, he said, had something Miami lacks: developable land and room to grow without congestion.

He backed that view with money. Related's 360 Rosemary, a 20-story office tower finished in 2021, drew Goldman Sachs and other finance tenants. One Flagler, a 25-story office building, opened in 2025. South Flagler House, a 105-unit condo due in 2027, listed its top residence at $72.5 million, per Palm Beach Illustrated. In May 2026 Commercial Observer reported that he paid $55 million for another downtown site to build a condo tower.

The bet is on a specific kind of tenant. Finance firms that left New York during the pandemic wanted Class A offices near where their partners now live, and the island of Palm Beach has almost no office space. So the towers went up on the mainland side of the bridge, five minutes from the north end estates. Ross calls the result a new financial district, and rents in his buildings have run at record levels for the county.

Then there are the pieces that make a downtown a real city. Related Ross is renovating CityPlace and adding an Eataly food hall. A Cleveland Clinic outpatient center and hospital are due in 2028, and a Vanderbilt University graduate campus is planned for the same year. Ross, in his mid-80s, split from Related Companies in 2024 and formed Related Ross to focus on this county alone.

Where else does Stephen Ross live?

For most of his career the answer was Manhattan. Ross built Related Companies there, developed Hudson Yards, and kept his primary home in the city until the pandemic. The Real Deal's headline for its 2025 profile summed up the change: he traded a New York state of mind for West Palm Beach.

Since 2021 the reporting describes one home, in Palm Beach, and one office, in West Palm Beach. He still travels to New York for Related business and to Miami Gardens for Dolphins games at Hard Rock Stadium, which he also owns. But no outlet has reported a second full-time residence since the move.

What homes near Stephen Ross cost

The two sides of the bridge could not be more different, and Ross is the reason the gap is closing. Our MLS feed as of September 2026 shows about 272 active listings in Palm Beach with a median list price near $2.5 million. Across the Intracoastal, West Palm Beach has about 2,200 listings with a median near $310,000 and an average of 116 days on market.

That West Palm median hides a split. Older neighborhoods and inland condos hold the median down, while the new downtown towers along Flagler Drive list well into eight figures. Buyers who want that new stock can start with new construction across the county or compare penthouses in West Palm Beach with older buildings on the island. The historic El Cid neighborhood, just south of downtown, is where many buyers priced out of the island now look.

Frequently asked questions

Where does Stephen Ross live now?

In Palm Beach, Florida, at an oceanfront estate on the north end of the island. He has lived there full time since 2021, per The Real Deal and Palm Beach Illustrated.

Where in Palm Beach does Stephen Ross live?

On the oceanfront north end, the stretch of large estates the press calls Billionaires' Row, near the Palm Beach Country Club. We do not publish the address.

Where does Stephen Ross live full time?

Palm Beach is the full-time home. He kept a Manhattan base for decades but relocated during the pandemic, and reporting since then describes Palm Beach as his only residence.

How much did Stephen Ross pay for the Palm Beach estate?

The Real Deal reports $31.9 million, with the purchase dated to 2012. Some older accounts place it a few years earlier, but the price does not change between sources.

Does Stephen Ross live in West Palm Beach?

No. He works there and is the city's largest private developer, but his home is on the island in Palm Beach. The commute is one bridge.

Does Stephen Ross still own the Miami Dolphins?

Yes. He has controlled the team since 2009 and owns Hard Rock Stadium in Miami Gardens, which also hosts the Miami Open tennis tournament and the Formula 1 Miami Grand Prix. Game days are the main reason he still travels south to Miami-Dade County.

Can you buy a home in a Related Ross building?

Yes. South Flagler House is selling condos ahead of its 2027 completion, and other Related Ross residential projects are in planning downtown. Resale units in earlier Related buildings also trade regularly.

If you own a home in West Palm Beach, Palm Beach or anywhere in Palm Beach County, the market Ross is building has changed what it is worth. Request a free home valuation from Pure Equity to see the current number. Buyers can browse West Palm Beach listings or see luxury homes across South Florida. For two of his north-end neighbors, read where Nelson Peltz lives and where Howard Stern lives.

Sources

• The Real Deal, Steve Ross trades New York state of mind for West Palm Beach (January 2025)
• Palm Beach Illustrated, Stephen Ross on reinventing West Palm Beach
• Commercial Observer, Stephen Ross pays $55M for downtown West Palm Beach site to build condo (May 2026)
• Robb Report, Inside the latest ultra-luxury condo project by Stephen Ross in West Palm Beach

Based on publicly reported information; details may change and are not independently verified by Pure Equity. We do not publish private addresses.