If you're considering West Palm Beach condos as either a vacation property or your primary residence, keep reading for a full overview of the community, including its culture and lifestyle, housing prices, great neighborhoods and property tax rates.
Living and Lifestyles in West Palm Beach
West Palm Beach is the oldest city in South Florida and with a population of just over 100,000 in the metropolitan core, it has a remarkable number of cultural landmarks and events. The city is home to the Kravis Arts Center, the Norton Museum of Art, the Meyer Ampitheatre, SunFest Music Festival and the Palm Beach Convention Center.
The city is also home to three universities, including the Palm Beach Atlantic University, a private university; Northwood University, a private business college; and South University, another business university. The city is also home to the Palm Beach Community College, which was founded in 1933.
Housing Prices in West Palm Beach
West Palm Beach condos are expensive, particularly when they're close to the water. A luxury, waterfront condominium will cost between $700,000 and $1.7 million.
However, a standard 2-bedroom condominium in a nice neighborhood, with good amenities and a beautiful style will range in price from about $250,000 to $500,000. At present, the real estate market in West Palm Beach is a buyer's market. That means keen buyers have the advantage and the negotiating power.
Desirable Neighborhoods in West Palm Beach
Some of the most desirable neighborhoods for new West Palm Beach condos are the historic neighborhoods of the city.
These are Bel Air Historic District, a subdivision originally built for tradespeople; Central Park, the trendy neighborhood north of Southern Boulevard; El Cid, an area with a Mediterranean feel; Flamingo Park, Spanish style houses with ocean views; Grandview Heights, the city's oldest neighborhood; and Northwest, a historically segregated, but now integrated community.
Other historic neighborhoods in West Palm Beach include Old Northwood Historic District, a hotbed of architectural history; Northwood Hills, an area known for its Mission Revival homes; Prospect Park, a neighborhood of high-end, smaller estates done in a Mediterranean and Mission style; and the West Northwood area, which is recently experiencing a resurgence as new owners are moving in and renovating the area.
Property Tax Rates in West Palm Beach
Homeowners who are considering purchasing West Palm Beach condos should know about the area's property taxes. Currently, property tax is charged at a rate of $7.19 per every $1000 of registered property value. That means the owner of a $350,000 condo would pay about $2516.50 each year in property taxes.
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