For decades, West Palm Beach (WPB) existed in the reflected glow of its gilded neighbor across the Intracoastal Waterway. Palm Beach claimed the grand oceanfront mansions and old-guard wealth; West Palm offered value and livability. Since the pandemic, that hierarchy has fundamentally shifted. What was once a second-tier alternative address has become one of the most dynamic luxury real estate markets in the country—one increasingly fueled by generational wealth, institutional capital, and global buyers.
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Price growth tells part, but not all, of the story. According to Redfin, luxury home prices in West Palm Beach have climbed a staggering 187.3 percent over the past decade, pushing the median luxury sale to roughly $4 million. That’s the fastest increase of any major U.S. metro and more than twice the national rise of 82.5 percent. Douglas Elliman reports that while overall single-family prices rose 18 percent year over year, the high end of the market jumped roughly 50 percent…