$3,470,000
550 S Australian Avenue 502
West Palm Beach, FL 33401
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $3,470,000
- Price per sq ft
- $1,350
- Vs. nearby sales
- 320.6% above
- Days on market
- 157
This 3-bedroom condo in ZIP 33401 went under contract with an asking price of $3,470,000, or $1,350 per square foot. It spent 157 days on the market before going under contract. The 4 most recent condo sales in the closings shown below sold at a median of $321 per square foot, so the asking price was 320.6% above what comparable homes here actually sold for.
Estimated monthly payment
$18,236 /mo
Principal and interest only, based on $694,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $3,582/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $3,470,000
- Days on Site
- 157 Days
- Bedrooms
- 3
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 2,571 sqft
- Total Sq Ft
- 2,960 sqft
- Year Built
- 2027
- Property Type
- Condo
- MLS #
- R11050497
- HOA Fees
- $3,582 / Monthly
- Subdivision
- The Berkeley
- County
- Palm Beach
- Status
- Under Contract
About This Property
Welcome to The Berkeley, West Palm Beach's newest collection of distinct waterfront residences. Developed by Al Adelson who brought a new level of sophistication to the area with The Bristol, The Berkeley is similarly destined to be a cornerstone in the downtown skyline. Arquitectonica crafted a rhythmic facade and tranquil interiors to capture the reflective water, light and sky of the surroundings. Every residence will offer unobstructed water views. Conceived to meet a need in its growing market for a luxury product that lives like a single-family home, The Berkeley's valuable site provides several unique opportunities including a landmark location moments from city center, spectacular views, gracious living space and terraces, and uncompromised privacy alongside world class amenities.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 2027
- Property Condition
- To Be Built
- Number of Stories
- 25
- Garage Spaces
- 2
- Parking
- Garage
- Direction Faces
- West
- Living Sq Ft
- 2,571
- Total Sq Ft
- 2,960
- Zoning
- N/A
Interior Features
- Appliances
- Gas Range / Washer
- Cooling
- Other
- Heating
- Other
- Flooring
- Other
- Interior Features
- Dual Sinks / Split Bedrooms / Walk In Closets
- Main Level Bedrooms
- 3
- Main Level Baths
- 3
- Furnished
- Unfurnished
Exterior Features
- Construction
- Metal Siding / Concrete
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Balcony
- Waterfront
- Yes
- Waterfront Features
- Lake Front
Community & HOA
- HOA Fee
- $3,582 / Monthly
- Association Amenities
- Fitness Center / Pool
- Community Features
- Home Owners Association / Gated
- Security
- Gated Community
- Utilities
- None
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Rental Restriction
- MLS Area
- 5420
This home's HOA fee works out to $3,582 a month, 13% below the $4,115 median across 11 homes for sale in this community. See the community's HOA fees
About the Community
The Berkeley is a luxury gated, waterfront, luxury community in West Palm Beach, Palm Beach County, Florida. Properties are priced from $3,200,000 to $12,800,000. Pure Equity lists homes in The Berkeley 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
- 11
- Under Contract
- 3
- Median List Price
- $5,000,000
- Median $/Sq Ft
- $1,856
- Avg Days on Market
- 141
Frequently Asked Questions
- How do I schedule a tour of 550 S Australian Avenue 502, West Palm Beach, FL 33401?
- Use the Tour button on this listing to request a showing of 550 S Australian Avenue 502, West Palm Beach, FL 33401. 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 550 S Australian Avenue 502, West Palm Beach, FL 33401 still available?
- 550 S Australian Avenue 502, West Palm Beach, FL 33401 is currently listed as Under Contract, and has been on the market 157 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 550 S Australian Avenue 502, West Palm Beach, FL 33401?
- With 20% down ($694,000) on the $3,470,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 550 S Australian Avenue 502, West Palm Beach, FL 33401 is about $18,236/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 550 S Australian Avenue 502, West Palm Beach, FL 33401?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 550 S Australian Avenue 502, West Palm Beach, FL 33401. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 550 S Australian Avenue 502, West Palm Beach, FL 33401 have an HOA fee?
- Yes: 550 S Australian Avenue 502, West Palm Beach, FL 33401 carries an HOA fee of about $3,582 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 550 S Australian Avenue 502, West Palm Beach, FL 33401?
- Often, yes. The right offer on 550 S Australian Avenue 502, West Palm Beach, FL 33401 depends on how it's priced against comparable condo 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 Berkeley Realty 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 July 1, 2026.
$3,470,000
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Listed by Kelsey Martin, Berkeley Realty LLC
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Recent Sales
Recently sold homes in ZIP 33401
These are the last 6 recorded closings in ZIP 33401, with the price each home actually sold for rather than what it was listed at. They closed at a median of $424 per square foot. The most recent closed on September 30, 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$640,000
Sold · September 30, 2026
783 N Street
2 bed · 2.5 bath · 1,510 sqft · $424/sqft
$29,000 under the asking price
Sold$325,000
Sold · September 25, 2026
2400 Presidential Way 1803
2 bed · 2 bath · 1,206 sqft · $269/sqft
$54,999 under the asking price
Sold$1,750,000
Sold · September 25, 2026
803 Kanuga Drive
3 bed · 3.5 bath · 1,520 sqft · $1,151/sqft
$150,000 under the asking price
Sold$10,200,000
Sold · September 24, 2026
1333 S Flagler Drive 2302
4 bed · 4.5 bath · 4,440 sqft · $2,297/sqft
$1,795,000 under the asking price
Sold$420,000
Sold · September 23, 2026
610 CLEMATIS Street 831
2 bed · 2 bath · 1,130 sqft · $372/sqft
$30,000 under the asking price
Sold$138,500
Sold · September 23, 2026
2400 PRESIDENTIAL Way 1505
1 bed · 1.5 bath · 894 sqft · $155/sqft
$11,400 under the asking price
See every recorded sale in ZIP 33401 or find out what your ZIP 33401 home is worth.
