A significant transformation could be coming to West Palm Beach’s waterfront, as the Kolter Group and Perko Group are planning to replace an older condo building with an 18-story luxury condominium. This new development, called Flagler House, will offer expansive views of the Intracoastal Waterway and Mar-a-Lago, blending upscale living with modern design.
Revitalizing a Prime Waterfront Location
The proposed Flagler House would replace a three-story condominium built in 1962 at 3705 South Flagler Drive. This older structure, home to 39 units, would make way for a modern high-rise with the same number of units, but with significantly larger living spaces and state-of-the-art amenities.
On September 12, the city’s Plans & Plats Review Committee will consider the developers’ proposal. The application has already received support from the Flagler House Condominium Association, which suggests that PK Flagler House LLC—a partnership between Delray Beach-based Kolter Group and Jupiter-based Perko Development—plans to buy out the individual condo owners. This new project would not only replace the existing building but also elevate the luxury real estate market in West Palm Beach with its high-end design and premium features.
The Flagler House: A Glimpse into Luxury Living
The proposed Flagler House will retain the same number of units—39—as the current building, but with dramatically larger floor plans and a higher overall structure. The new condo will offer:
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10 two-bedroom units
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20 three-bedroom units
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8 four-bedroom units
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1 expansive seven-bedroom penthouse, spanning 10,150 square feet
Even the smallest units, at 2,770 square feet, will offer spacious living areas and luxurious finishes, catering to affluent buyers looking for exclusivity and comfort in a prime waterfront location.
The building’s architecture, designed by SB Architects in Coral Gables, aims to complement the surrounding environment while maximizing residents’ views of the Intracoastal Waterway and Mar-a-Lago, the private club of former President Donald J. Trump.
In addition to its residential offerings, the building will include 996 square feet of commercial space, adding a small yet valuable retail element to the property.
Amenities Fit for Luxury Living
The developers are designing Flagler House with luxury in mind, offering amenities that rival some of the most exclusive properties in the region. These will include:
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A third-floor pool deck with stunning waterfront views
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A fitness center
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A movie room and club room
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A spa treatment room for residents seeking relaxation
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A news café and a cozy lounge area
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A total of 87 parking spaces for residents and guests
These amenities, combined with the expansive unit sizes, are expected to attract buyers looking for a blend of luxury, privacy, and convenience.
Economic Impact and Rising Demand for Waterfront Property
Flagler House isn’t just about luxury; it’s also expected to significantly boost West Palm Beach’s property tax revenue. According to the developers, the new building will increase annual tax contributions from $45,670 to a remarkable $2.73 million. This reflects both the increased property value and the ongoing demand for high-end developments in the region.
As more condo owners in South Florida face rising maintenance costs and the need to comply with new state laws on building repairs, many are opting to sell to developers. These developers are eager to secure prime waterfront parcels, given the booming demand for luxury condos in areas like West Palm Beach. This trend is reshaping the skyline and offering new opportunities for growth.
Community Collaboration: A Key Focus for the Developers
While this development promises to bring luxury living to the area, the Kolter and Perko Groups are committed to working closely with the community. Understanding the importance of input from local residents, they have emphasized collaboration throughout the planning process.
“Understanding the importance of community collaboration, PK Flagler LLC is committed to working closely with local residents and city officials throughout the planning and development process,” the developers stated. “We recognize developments of this nature require careful consideration and input from all stakeholders to ensure that the final project is one that fits the needs of future residents while complementing the surrounding community from a design and architecture perspective.”
This focus on collaboration ensures that the project not only meets the needs of future residents but also enhances the surrounding neighborhood, aligning with the city’s architectural vision.
The Future of West Palm Beach Real Estate
Flagler House represents the growing trend of luxury developments in South Florida, particularly along its coveted waterfront locations. With its sleek design, premium amenities, and spectacular views, this 18-story high-rise could set a new standard for high-end living in West Palm Beach.
As demand for luxury condos continues to rise, developers are increasingly focusing on creating residential spaces that cater to affluent buyers looking for larger units and exclusive features. Flagler House is a prime example of this shift, offering a contemporary living experience in one of South Florida’s most desirable locations.
Ready to Explore Your Next Real Estate Opportunity?
As West Palm Beach continues to evolve with luxury developments like Flagler House, now is the perfect time to explore your real estate options. Whether you're looking for a waterfront property, a high-end investment, or your dream home, the Mastropieri Group can help you navigate South Florida’s dynamic real estate market.
Contact us today at 561-544-7000 to learn more about current opportunities and how we can assist you in finding the perfect property in West Palm Beach or the surrounding areas!
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