South Flagler House Secures $600M Financing & Advances Toward 2027 Delivery
September 26, 2025A Record-Setting Moment for West Palm Beach Luxury Real Estate
In a defining milestone for Palm Beach County’s luxury real estate scene, South Flagler House has officially secured $600 million in construction financing. This landmark deal reaffirms growing confidence in the ultra-luxury residential market and signals significant momentum for one of the region’s most anticipated waterfront developments.
Financial Strength that Signals Confidence
Notably, the financing structure includes $475 million in senior debt and $125 million in mezzanine capital, illustrating strong institutional belief in the sustained demand for luxury waterfront condos in South Florida. In today’s climate, such a significant financial commitment speaks volumes.
The financing includes $475 million in senior debt and $125 million in mezzanine capital, underscoring strong lender belief in the sustained demand for waterfront luxury condos in Florida.
South Flagler House: Vision & Design
Construction is already underway, with vertical progress expected to accelerate through late 2025. Delivery is targeted for 2027.
This dual-tower development—known as Park and Lake—is crafted by the world-renowned Robert A.M. Stern Architects, with interiors by Pembrooke & Ives.
Key Details:
- Approximately 105 residences
- 2–5 bedroom layouts with sweeping Intracoastal and island views
- Grand penthouses priced up to $73M
- Pricing begins near $6M
Its coveted Flagler Drive location offers unobstructed water views, direct access to Palm Beach, and a level of architectural pedigree unmatched in the local market.
Why This Financing Matters for Buyers
When a project secures major financing, it signals momentum and reduced risk for early buyers. With $600M locked in, South Flagler House is not just a vision—it’s a development on a firm path to completion.
- Trophy Status: Few parcels remain on Flagler Drive, making ownership here exceptionally rare.
- Value Timing: With construction milestones achieved, pricing is expected to climb as delivery nears. Early buyers lock in today’s values.
- Customization Opportunities: Buyers at this stage often still have the ability to influence finish selections.
How It Compares: Boutique vs. Grand Scale
While South Flagler House positions itself as a trophy-scale project, boutique developments like Alba Palm Beach in Northwood are also drawing attention. Alba has recently topped off and already secured strong pre-sales, offering a smaller-scale alternative for buyers seeking privacy and design-forward living.
Together, these projects demonstrate the depth and diversity of the West Palm Beach luxury market.
Frequently Asked Questions
When will South Flagler House be completed?
The project is slated to top off in late 2025 with final delivery by 2027.
What price ranges and unit types are available?
Residences range from 2–5 bedrooms, starting near $6M. Penthouses are priced between $70–73M.
Who is leading the development and design?
- Developer: Related Ross
- Architecture: Robert A.M. Stern Architects
- Interiors: Pembrooke & Ives
How do I access floor plans or pricing?
You can request updated floor plans, stack views, and pricing directly from our team at team@theworthgrouppalmbeach.com or by visiting our New Developments in Palm Beach County page.
Next Steps: Private Previews & Information
With financing secured and momentum building, South Flagler House is firmly positioned as one of the most significant luxury developments in West Palm Beach history.
📩 Contact The Worth Group at team@theworthgrouppalmbeach.com or 561-639-2149 to:
- Request private floor plan previews
- Learn about Friends & Family incentives
- Schedule a confidential tour of West Palm’s top new developments
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