$5,995,000
261 Rutland Boulevard
West Palm Beach, FL 33405
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $5,995,000
- Price per sq ft
- $1,097
- Vs. nearby sales
- 37.3% above
- Days on market
- 194
This 5-bedroom single-family home in Lake Place went under contract with an asking price of $5,995,000, or $1,097 per square foot. It spent 194 days on the market before going under contract. The 3 most recent single-family home sales in the closings shown below sold at a median of $799 per square foot, so the asking price was 37.3% above what comparable homes here actually sold for.
Estimated monthly payment
$31,506 /mo
Principal and interest only, based on $1,199,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $5,995,000
- Days on Site
- 194 Days
- Bedrooms
- 5
- Total Baths
- 6
- Full Baths
- 5
- Partial Baths
- 1
- Living Area
- 5,464 sqft
- Total Sq Ft
- 6,574 sqft
- Lot Size
- 0.23 Acres
- Year Built
- 2026
- Property Type
- Single Family
- MLS #
- R11169977
- Property Tax
- $2,877 (2025)
- Subdivision
- Lake Place
- County
- Palm Beach
- Status
- Under Contract
About This Property
Located in the desirable SoSo neighborhood, this expansive 5 bedroom, 5.5 bathroom residence offers 5,464 sq ft of interior living space and 6,574 total sq ft, thoughtfully designed for both comfort and entertaining. Upon entry, a grand foyer with dramatic double-height ceilings creates an impressive first impression, opening directly into the spacious living room with oak wood floors, a gas fireplace, and a custom wet bar with a wine refrigerator. The chef's kitchen is outfitted with professional-grade Thermador appliances including a 6-burner gas range and features custom cabinetry, stone countertops, a large center island, and a generous walk-in pantry with an additional prep sink. The kitchen seamlessly connects to a large family room designed for comfortable everyday living and entertaining. The main-floor primary suite features oversized windows overlooking the lush landscaped grounds, along with dual walk-in closets and a spa-inspired bathroom with dual vanities, a Roman soaking tub, walk-in shower, and private water closet. Upstairs, a spacious loft provides a comfortable secondary living area with a wet bar and beverage cooler, opening to a large covered balcony overlooking the manicured gardens below. Four additional bedrooms are located on this level, each featuring en-suite bathrooms and offering well-appointed accommodations for family and guests. Outdoor living is equally inviting with a covered patio, summer kitchen with grill, sink, and beverage cooler, and a saltwater pool set within lush mature landscaping. Additional highlights include an oversized two-car garage and convenient laundry areas on both the main and upper levels. Situated on a large corner lot within a cul-de-sac with deeded access to South Flagler, the home is ideally located just minutes from the neighborhood's popular dining spots, the Intracoastal, downtown West Palm Beach, Palm Beach Island, and PBI Airport.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 2026
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Parking
- Garage / Garage Door Opener
- Direction Faces
- South
- Lot Size (Acres)
- 0.23
- Living Sq Ft
- 5,464
- Total Sq Ft
- 6,574
- Structure Type
- House
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- SF7
Interior Features
- Appliances
- Dryer / Dishwasher / Free Standing Freezer / Disposal / Gas Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Wood
- Interior Features
- Wet Bar / Bathtub / Dual Sinks / Garden Tub Roman Tub / Kitchen Island / Main Level Primary / Pantry / Soaking Tub / Separate Shower / Walk In Closets
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Private Pool
- Yes
- Lot Features
- Less Than Quarter Acre
- Waterfront Features
- None
Community & HOA
- Utilities
- Natural Gas Available / Sewer Available / Water Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 5440
Schools
- Elementary School
- South Olive
- Middle School
- Conniston Community
- High School
- Forest Hill
About the Community
Lake Place is a luxury community in West Palm Beach, Palm Beach County, Florida. Properties are priced from $6,000,000 to $10,500,000. Pure Equity lists homes in Lake Place and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Median List Price
- $230,000
- Median $/Sq Ft
- $299
- Avg Days on Market
- 229
Frequently Asked Questions
- How do I schedule a tour of 261 Rutland Boulevard, West Palm Beach, FL 33405?
- Use the Tour button on this listing to request a showing of 261 Rutland Boulevard, West Palm Beach, FL 33405. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 261 Rutland Boulevard, West Palm Beach, FL 33405 still available?
- 261 Rutland Boulevard, West Palm Beach, FL 33405 is currently listed as Under Contract, and has been on the market 194 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 261 Rutland Boulevard, West Palm Beach, FL 33405?
- With 20% down ($1,199,000) on the $5,995,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 261 Rutland Boulevard, West Palm Beach, FL 33405 is about $31,506/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 261 Rutland Boulevard, West Palm Beach, FL 33405?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 261 Rutland Boulevard, West Palm Beach, FL 33405. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 261 Rutland Boulevard, West Palm Beach, FL 33405?
- 261 Rutland Boulevard, West Palm Beach, FL 33405 is zoned for South Olive (elementary), Conniston Community (middle), Forest Hill (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 261 Rutland Boulevard, West Palm Beach, FL 33405?
- Often, yes. The right offer on 261 Rutland Boulevard, West Palm Beach, FL 33405 depends on how it's priced against comparable single family sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Simon Isaacs Real Estate LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$5,995,000
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Listed by Simon Isaacs, Simon Isaacs Real Estate LLC
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Recent Sales
Recently sold homes in Lake Place
These are the last 6 recorded closings in Lake Place, with the price each home actually sold for rather than what it was listed at. They closed at a median of $572 per square foot. The most recent closed on August 17, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$202,500
Sold · August 17, 2026
614 Executive Center Drive 102
2 bed · 2 bath · 770 sqft · $263/sqft
$32,500 under the asking price
Sold$9,075,000
Sold · August 3, 2026
50 Rutland Boulevard
6 bed · 4.5 bath · 4,512 sqft · $2,011/sqft
$1,425,000 under the asking price
Sold$190,000
Sold · May 29, 2026
614 Executive Center Drive 104
2 bed · 2 bath · 770 sqft · $247/sqft
$29,900 under the asking price
Sold$185,000
Sold · May 8, 2026
600 Executive Center Drive 111
2 bed · 2 bath · 770 sqft · $240/sqft
$4,000 under the asking price
Sold$1,227,500
Sold · September 29, 2025
220 Rutland Boulevard
3 bed · 2 bath · 1,536 sqft · $799/sqft
$22,500 under the asking price
Sold$900,000
Sold · August 15, 2025
212 Rutland Boulevard
3 bed · 2 bath · 1,573 sqft · $572/sqft
$200,000 under the asking price
See every recorded sale in Lake Place or find out what your Lake Place home is worth.
