The Berkeley Palm Beach Surpasses $100M in Condo Sales

• The Berkeley Palm Beach has surpassed $100 million in total sales ahead of its anticipated June 2026 groundbreaking.
• The 25-story luxury condominium tower will feature 193 residences in West Palm Beach’s growing Clear Lake district.
• Developer Al Adelson is positioning the project as the next phase of luxury living beyond the traditional Intracoastal waterfront.

What the $100 Million Sales Milestone Signals

The Berkeley Palm Beach has officially crossed the $100 million sales mark, adding another major milestone to West Palm Beach’s rapidly expanding luxury condominium market. Located at 550 South Australian Avenue, the 25-story residential tower will bring 193 luxury residences to the city’s emerging Clear Lake corridor, an area increasingly attracting developers and high-end buyers seeking alternatives to traditional waterfront properties along the Intracoastal.

The project was developed by Al Adelson, the developer behind The Bristol, the landmark condominium tower widely credited with helping establish West Palm Beach as a luxury residential destination. Residences at The Berkeley are priced from approximately $2 million to over $10 million, targeting full-time residents looking for larger floor plans, extensive amenities, and proximity to the city’s growing business and cultural core. Groundbreaking is expected in June 2026, with completion projected for 2029.

What Makes The Berkeley Different From Other Luxury Projects

Unlike many South Florida luxury developments centered directly on the Intracoastal waterfront, The Berkeley is positioned within the city’s evolving urban core near Clear Lake. The project was designed by Arquitectonica, with architecture focused on maximizing light, water views, and livability for year-round residents rather than seasonal buyers.

Residences above the 15th floor will offer dual-water views facing both Clear Lake sunsets and eastern views toward the Intracoastal and Atlantic Ocean. The development will feature two- to five-bedroom residences, including four penthouses, with large terraces, high ceilings, and expansive flow-through floor plans. Amenities are designed to compete directly with South Florida’s top branded residential projects and include a rooftop retreat, resort-style pool deck, spa and wellness facilities, golf simulator, co-working spaces, concierge services, and private dining areas. The property will also include category five impact windows and a full-building standby generator, features becoming increasingly important for luxury buyers in Florida.

What the Project Says About West Palm Beach’s Growth

The Berkeley’s early sales momentum reflects the broader transformation underway across West Palm Beach as the city evolves into a year-round luxury residential and business destination. Corporate relocations, expanding financial services firms, and new Class A office development continue bringing wealthier full-time residents into the market. Institutional growth tied to healthcare and professional sectors has also increased demand for larger primary residences close to downtown. Douglas Elliman Development Marketing CEO Jay Phillip Parker said buyers are now embracing a wider definition of luxury in West Palm Beach that goes beyond direct waterfront positioning.

That shift has helped fuel interest in neighborhoods west of the Intracoastal, where developers can still build larger-scale residential projects with more expansive amenity offerings. For developers and investors, The Berkeley’s sales performance reinforces how West Palm Beach remains one of the strongest luxury residential markets in South Florida despite broader economic uncertainty and elevated interest rates.