$205,000,000
1491 N Ocean Boulevard
Palm Beach, Florida — the 16-mile barrier island known simply as "the Island" — has been America's premier resort address for legacy wealth since Henry Flagler extended his railway here in 1893 and built The Breakers. Today, the Town of Palm Beach is home to roughly 9,200 year-round residents, a population that more than doubles each season, and a real estate market that is among the most expensive on Earth. Bounded by the Atlantic Ocean to the east and the Lake Worth Lagoon to the west, the Island is connected to the mainland by three bridges and divided into four canonical zones — North End, In-Town/Mid-Town, the Estate Section (often called Billionaires' Row), and the South End — plus the private Everglades Island. The Cahur Group works the Palm Beach Island market alongside the broader northern Palm Beach County corridor, helping buyers and sellers navigate a market defined by extreme scarcity, cash-dominant transactions, and a buyer pool that operates by relationships as much as by listings.
Few addresses in the world carry the combination of history, scarcity, and lifestyle that Palm Beach Island delivers:
Palm Beach Island operates as one of the most expensive single-market real estate ecosystems in the United States. Citywide average single-family values sit near $9.8M with median single-family sale prices reported around $12.9M, and the trophy tier — Estate Section ocean-to-lake compounds, Billionaires’ Row oceanfronts, and rare Everglades Island holdings — extends well into nine figures. The market is heavily cash-dominated; recent reporting shows roughly 51% of Palm Beach County deals are all-cash, with the Island specifically running materially higher than that.
Recent Market Benchmarks:
Buyer Profile: Legacy Northeast wealth (long-tenured “old guard” families), finance and hedge-fund principals, technology and industrial fortunes, and a meaningful international cohort from Latin America and Europe. Post-2020 saw a sustained relocation wave from New York, New Jersey, Connecticut, and Massachusetts that further compressed an already-thin inventory.
Price Tiers Buyers Should Expect:
Palm Beach Island is connected to West Palm Beach (mainland) by three bridges — the Flagler Memorial Bridge (north), the Royal Park Bridge (middle, connecting Royal Palm Way to Okeechobee Boulevard), and the Southern Boulevard Bridge (south, closest to Mar-a-Lago and the airport). Palm Beach International Airport is roughly 10 minutes from most Island addresses via the Southern Boulevard Bridge and I-95.
Worth Avenue is the Island’s signature retail street — four blocks running from Lake Worth east to the Atlantic — and is consistently ranked among the world’s premier luxury shopping districts. The tenant mix runs from Hermès, Chanel, Cartier, Tiffany & Co., Louis Vuitton, Gucci, Ralph Lauren, and Giorgio Armani to the dozens of independent boutiques and galleries that line the famous Mediterranean Revival “vias” — hidden pedestrian courtyards designed by Addison Mizner.
Membership at all five operates by waitlist and sponsorship. For buyers planning around club access, club fit should be part of the address conversation from day one.
Most Palm Beach Island beach access is for Town residents and guests. Public access is limited but available at Midtown Municipal Beach (400 South Ocean Boulevard, with lifeguarded access at Brazilian Avenue and Chilean Avenue), Phipps Ocean Park at the south end, and R.G. Kreusler Park just south of Worth Avenue.
The Breakers Palm Beach, the Italian Renaissance oceanfront resort originally built by Flagler in 1896 and rebuilt in its current form in 1926, remains the Island’s defining hotel landmark — an active resort with members’ golf, tennis, spa, and restaurants that anchors the In-Town section.
There are no public schools located within the Town of Palm Beach. Most Island families enroll children in top regional private schools, including Palm Beach Day Academy (Pre-K–8, with a campus on the Island), The Benjamin School (Lower/Middle in North Palm Beach; Upper in Palm Beach Gardens), Oxbridge Academy (West Palm Beach, grades 6–12), Saint Andrew’s School (Boca Raton), and Cardinal Newman High School (West Palm Beach).
Whether you are positioning an Estate Section ocean-to-lake compound, evaluating a North End single-family on the Lake Trail, or exploring an In-Town full-service condo as a seasonal residence, The Cahur Group brings the depth, discretion, and relationships this market requires. We work the Palm Beach Island corridor alongside the broader Palm Beach County and Martin County markets, representing buyers and sellers with the level of preparation a Town of Palm Beach address demands.
Call or text: 561.401.5758
Office: 4455 Military Trail Suite 100, Jupiter, FL 33458