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123 Ocean Drive #Ph G, Palm Beach Shores, FL, 33404

3beds
4baths
2,428sqft
$5,607,000
$2,309price/sqft
$45,708/moest. monthly cost
$1,828,320/yrincome needed

About This Home

Introducing 123 Ocean. Oceanfront Serenity. Elevated Palm Beach Shores Living. Featuring an inviting open-plan layout with a wraparound terrace, this brand new 3-bedroom, 3.5-bathroom beach house offers a timeless coastal lifestyle close to dining, marinas, and stunning beaches. Exclusive ocean access comes via a dedicated direct walkway to the sand. White oak, woven straw, and soft brass create a refined interior aesthetic, while a direct elevator vestibule, split-wing bedrooms, and a limited number of homes per floor maximize privacy. Here, the ebbs and flows of daily life feel effortless, private, and composed. Nothing is excessive. Everything is intentional. An elegant foyer with a convenient powder room flows into a sun-splashed living room, dining room, and kitchen with a wet bar and two exposures. Sliding doors reveal a beautiful terrace with a summer kitchen, creating a seamless villa-in-the-sky indoor-outdoor experience. Residents can choose between two kitchen schemes suited to their lifestyle, needs, and personal tastes. Both minimalist styles are anchored by a sculptural stone peninsula and boast premium stone backsplashes, custom wood-veneer cabinetry, a walk-in pantry, and fully integrated Gaggenau appliances. The king-size primary suite enjoys a luxurious walk-in closet, a supplementary reach-in closet, and a sanctuary-like spa bathroom with a richly veined porcelain feature wall, a custom wood and stone double vanity, curved mirrors and lighting, polished metal fixtures, wall niches with built-in lighting, light-diffusing textured glass partitions, and a walk-in rainfall shower. The bright second and third bedrooms include reach-in closets and pristine en-suite bathrooms with a deep soaking tub or walk-in shower. Finishing the home is a thoughtful laundry room with a utility sink, storage, and a side-by-side Bosch washer and dryer. 123 Ocean is an exclusive six-story oceanfront boutique residential collection brought to life by an all-star team consisting of Lionbright Development, Arquitectonica, Asthetique, and Naturalficial. Gorgeous amenities range from arrival and building services to curated wellness and lounge spaces. Residents are welcomed by a refined porte cochère and a 24/7 attended lobby with a dedicated mail and package room. Covered underground parking is secure and maintains an elevated pedestrian environment. The resort-style pool and sun deck are gorgeous communal escapes, and the boutique fitness studio is complemented by an infrared sauna, ice bath, and treatment area. Additional highlights include a resident lounge, children's playroom, media room, and conference room. Numerous restaurants and shops are moments away, and Palm Beach City Center and Palm Beach International Airport are just a 20-minute drive.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

5/10
Lincoln Elementary SchoolGrades PK-52.5 mi
4/10
6/10
William T. Dwyer High SchoolGrades PK,9-128.2 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2027

Materials

  • Roof: Flat,Tar/Gravel
  • Construction materials: Block,Concrete

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Electric Range,Free-Standing Freezer,Disposal,Ice Maker,Microwave,Oven,Refrigerator,Washer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 4
  • Main level bedrooms: 3

Features

  • Wet Bar,Breakfast Bar,Breakfast Area,Closet Cabinetry,Dual Sinks,Entrance Foyer,Elevator,Kitchen Island,Storage,Separate Shower,Tub Shower,Bar,Walk-In Closet(s)
  • Flooring: Other

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,842
  • Total interior livable area: 2,428 sqft

Kitchen

  • Level: Main
  • Area: 16006
  • Dimensions: 151 X 106

Living Room

  • Level: Main
  • Area: 22638
  • Dimensions: 154 X 147

Master Bedroom

  • Level: Main
  • Area: 20550
  • Dimensions: 137 X 150

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 5454545454
  • Zoning: RESI

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association
  • Patio & porch: Covered,Balcony
  • Exterior features: Balcony,Outdoor Living Area
  • On waterfront: Yes
  • Waterfront features: Bayfront,Ocean Front

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $28,352$340,224
Home Insurance *$13,281$159,372
Property Taxes $3,831$45,972
Electricity $244$2,932
Total$45,708$548,496
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,567,131/yr
40% on housing$1,371,240/yr
45% on housing$1,218,880/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,309This listing

vs Other Active Listings

Avg $/sqft

ZIP 33404$402
Palm Beach County$443

vs Homes Sold Last Month

Median $/sqft

ZIP 33404$285
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-20Price change$5,607,000
2025-12-15Listed for sale$5,607,906

New Construction

AgentWilliam Volpe
BrokerageSerhant

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