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550 S Australian Ave #Lph2500-d, West Palm Beach, FL, 33401

5beds
8baths
4,752sqft
$12,750,000
$2,683price/sqft
$93,004/moest. monthly cost
$3,720,160/yrincome needed

About This Home

Introducing a lower penthouse residence at The Berkeley, envisioned by the developer of The Bristol and designed by Arquitectonica. This expansive flow-through home offers both east and west exposures, with floor-to-ceiling glass and soaring ceilings that fill the interiors with natural light throughout the day. Generous living spaces extend seamlessly onto oversized terracesamong the largest in West Palm Beachcreating a true indoor-outdoor lifestyle with sunrise-to-sunset views. The residence features Snaidero Italian cabinetry, Sub-Zero and Wolf appliances, and a versatile flex space ideal for a home office, library, or guest suite. Residents enjoy a curated collection of amenities, including a rooftop sky lounge with panoramic views, private on-demand car service, full-service concierge, valet, and a comprehensive wellness offering with spa and in-residence care by UPLIN Health. Ideally positioned along Clear Lake, The Berkeley offers exceptional connectivity to downtown West Palm Beach, cultural destinations, and major transit routeswhile maintaining a private and peaceful residential setting. All images and visual materials associated with this property, including AI generated images, virtually staged photos, edited images, artist conceptual renderings, maps, site plans, floor plans, and other graphics, are provided solely for illustrative purposes. These representations may not accurately reflect current conditions and are subject to change without notice. No representations or warranties are made regarding the accuracy or completeness of these visual materials. Buyers should not rely solely on these materials and are responsible for independently verifying all property details.

Getting Around

45
WalkingCar-Dependent
40
TransitSome Transit
58
BikeBikeable

Schools

3/10
3/10
Conniston Middle SchoolGrades 6-81.8 mi

Construction

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 8
  • Full bathrooms: 7
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 4,752
  • Total interior livable area: 4,752 sqft

Property

Features

  • Stories: 1
  • Patio & porch: Patio
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront
  • Frontage type: Waterfront

Parking

  • Total spaces: 2
  • Parking features: GarageAttached
  • Has garage: Yes

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

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
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 $64,470$773,640
Home Insurance *$19,344$232,128
Property Taxes $8,712$104,544
Electricity $478$5,738
Total$93,004$1,116,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,188,708/yr
40% on housing$2,790,120/yr
45% on housing$2,480,106/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

$2,683This listing

vs Other Active Listings

Avg $/sqft

ZIP 33401$650
Palm Beach County$443

vs Homes Sold Last Month

Median $/sqft

ZIP 33401$425
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
2026-03-27Listed for sale$12,750,000

For Sale by Agent

AgentJessica Julian
BrokerageDouglas Elliman

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