Penthouse Towers Real Estate Statistics
| Average Price | $673K |
|---|---|
| Lowest Price | $580K |
| Highest Price | $720K |
| Total Listings | 3 |
| Avg. Price/SQFT | $662 |
Property Types (active listings)
Top Highlights of Penthouse Towers, Highland Beach
Two ten-floor towers share a sundeck, a heated pool and a clubhouse between them, all sitting on the ocean side of A1A. What follows covers the association, the amenities and the residences themselves.
HOA Information
Monthly dues currently run $1,795 to $1,800, and one residence is billed quarterly at $5,400, which amounts to the same figure. That represents a substantial increase, since condominiums closing during 2023 and 2024 carried dues between $850 and $972. The fee covers management, building insurance, structural maintenance and the roof, alongside cable television, internet, water, sewer and trash.
Amenities and Lifestyle
- Direct oceanfront position, with 26 of 27 recorded residences fronting the water
- Large heated pool set within an expansive oceanfront sundeck
- Clubhouse holding a social room for resident gatherings
- Game room available within the clubhouse itself
- Hurricane impact glass fitted across both towers
- Balconies on every floor, each oriented toward the Atlantic
- Pet-friendly under the association's recorded restrictions
- A quiet stretch of Highland Beach between Boca Raton and Delray Beach
Penthouse Towers Condos for Sale
Condos for sale in Penthouse Towers are compact rather than sprawling. Sizes run from 741 square feet in the single one-bedroom on record up to 1,087 at the largest. Almost everything trades at 988 square feet, and seventeen of the last eighteen sales were two-bedroom, two-bathroom plans. Construction dates range from 1970 to 1972 across the two towers.
- Direct ocean views from the kitchen, living room, primary suite and balcony
- Split-bedroom layouts giving separation between the two rooms
- Renovated kitchens with quartz or granite counters in updated residences
- Tile flooring throughout much of the modernised inventory
- Crown molding and recessed lighting on recently finished units
- Custom electric window treatments fitted in a number of residences
- Upper-floor apartments commanding the widest outlook available
- Furnished purchases available, since eight of eighteen sales conveyed contents
Penthouse Towers Real Estate and Market Activity
Penthouse Towers Highland Beach condos for sale turn over steadily, with eighteen residences changing hands across four years at prices between $400,000 and $910,000. The median sits at $768,750 and the average at $732,014, which works out around $734 for each square foot. Sellers have accepted roughly five percent under asking on average, giving a list-to-sell ratio of 95 percent.
The Dues Increase Has Reset Pricing
Those headline figures conceal the most important development in this building. Condominiums selling while dues sat near $899 achieved a median of $825,000, whereas those selling at the current $1,795 have managed $609,000. That gap amounts to roughly a quarter of the purchase price, and the table below sets the two periods side by side.
| Measure | Sales at the Lower Dues | Sales at the Current Dues |
|---|---|---|
| Monthly dues | Around $899 | $1,795 to $1,800 |
| Median sale price | $825,000 | $609,000 |
| Rate per square foot | About $798 | About $616 |
| Sales recorded | Ten | Eight |
| What a buyer absorbs | Roughly $10,800 a year | Roughly $21,500 a year |
Reading That Trade Honestly
An extra $10,700 a year in dues costs a buyer close to $200,000 in purchasing power at prevailing mortgage rates. That explains the correction almost exactly. Buyers are not paying less because the building became less desirable. They are paying less because a larger share of their monthly budget now goes to the association instead of the lender.
Values Year by Year
Tracking medians across the whole period shows precisely when that shift landed in the market here. The change becomes visible during 2025, the year dues moved, and consolidates through the sales recorded in 2026. Buyers reviewing older comparables should therefore check which side of that line each one falls on.
| Year | Median Sale | Detail |
|---|---|---|
| 2023 | $812,500 | Six sales, dues between $850 and $899 |
| 2024 | $855,000 | Three sales, the strongest median on record |
| 2025 | $657,500 | Six sales, the year dues moved |
| 2026 | $593,750 | Three sales, all carrying the higher fee |
Where That Leaves a Buyer Today
Current asking prices run $580,000 to $720,000 across the available inventory, with a further residence under contract at $685,000. Anyone comparing those figures against 2023 sales should remember that the two carry very different carrying costs. Judging value here means weighing the purchase price and the dues together rather than separately.
What to Check Before You Buy at Penthouse Towers
Establish Exactly Where the Money Is Going
A doubling of dues in an oceanfront building completed in 1970 usually reflects reserve funding, structural work or insurance rather than day-to-day spending. Ask the association to explain the increase in writing and request the accompanying budget. Understanding whether the work is finished or still ahead changes the calculation considerably.
Read the Milestone Inspection and Reserve Study
Florida now requires structural reporting on buildings of this age and height, and salt exposure accelerates the wear on concrete and railings considerably here. Request both the milestone inspection report and the structural integrity reserve study before you commit to anything. Florida's condominium regulations oblige every association to hold both.
Ask Whether Assessments Remain Outstanding
Higher monthly dues do not always rule out a separate special assessment, since the two can run alongside each other quite happily. Confirm what has been levied, what remains payable and whether the seller or the buyer carries any balance at closing. Get that answer before your inspection period expires.
Confirm the Building Qualifies for Your Financing
Lenders scrutinize older Florida condominiums closely, examining reserves, any litigation and the proportion of units owned by investors. A building can be perfectly sound and still fall outside a particular programme's guidelines. Have the condominium questionnaire requested during your inspection period, since a building failing one programme often qualifies under another.
Location of Penthouse Towers in Highland Beach
Both towers sit at 3101 South Ocean Boulevard, with the Atlantic directly behind them and A1A in front. The postcode is Highland Beach, FL 33487. Highland Beach itself measures barely three miles from end to end, which keeps the coastline residential and the traffic light. Both Boca Raton and Delray Beach sit within a short drive, so residents draw on two downtowns rather than one.
Top Destinations Around Penthouse Towers
- Atlantic Avenue (about 4 miles): Delray Beach's main thoroughfare, running from the ocean west through the heart of downtown
- Mizner Park (about 5 miles): Boca Raton's Mediterranean-styled district of shops, restaurants and an amphitheatre
- Gumbo Limbo Nature Center (about 3 miles): Coastal hammock boardwalks, a butterfly garden and sea turtle rehabilitation
- Spanish River Park (about 3 miles): A wooded oceanfront park with tunnels running beneath A1A to the sand
- Highland Beach Library: The town's own library and community hub, a short drive along A1A
- Delray Beach Tennis Center (about 5 miles): Host to professional tournaments, with public courts and clinics
- Town Center at Boca Raton (about 7 miles): The county's flagship shopping destination
- Brightline Boca Raton Station (about 6 miles): Express rail running north to West Palm Beach and south toward Miami
Schools and Colleges Near Penthouse Towers
Highland Beach falls inside the Palm Beach County system, though the town holds no school within its own limits. Verify the current assignment for a particular residence directly with the district.
Elementary Schools
- J.C. Mitchell Elementary School
- Plumosa School of the Arts
- Calusa Elementary School
- Banyan Creek Elementary School
Middle and High Schools
- Boca Raton Community Middle School
- Boca Raton Community High School
- Carver Middle School
- Saint Andrew's School
- Pine Crest School, Boca Raton
Colleges and Universities
Healthcare Near Penthouse Towers
- Boca Raton Regional Hospital
- Delray Medical Center
- Lynn Cancer Institute
- Bethesda Hospital East
- Cleveland Clinic Florida
- MD Now Urgent Care
Comparable Buildings in Highland Beach
Among Highland Beach condos for sale, several addresses along the same stretch compete for a similar buyer, and each carries its own capital position.
Parker Highland
Parker Highland holds just 26 residences across eight storeys further north along A1A, with each running near 2,600 square feet. Repair costs there divide among a far smaller group of owners, which cuts both ways. Choose it when space matters more than the amenity package a larger building can fund.
Ambassadors
Ambassadors offers another established oceanfront address inside the same town limits as this building. Those of this generation all share a similar capital profile, so compare their reserve studies and their recent assessment histories side by side. Consider it wherever the floor plan happens to suit your own requirements better.
Clarendon
Clarendon sits among the town's longer-standing condominium addresses on the ocean side of A1A. Its scale and its amenity mix both differ, and those differences feed directly into the monthly dues each owner pays. Look at it closely when you are weighing two buildings of a similar era against each other.
Ocean Grande Place
Ocean Grande Place gives buyers a further Highland Beach option worth working through carefully. Newer construction along this coast commands a premium over 1970s stock, though it generally arrives with lighter deferred maintenance behind it. Weigh it where the building age matters more to you than the entry price does.
Highland Beach Isles
A different question altogether is answered by Highland Beach Isles, which offers townhomes rather than tower residences. Private entrances and genuinely usable outdoor space appeal to buyers who find condominium living rather restrictive. Consider it when a house with four walls of its own would simply suit you rather better.
Frequently Asked Questions About Penthouse Towers, Highland Beach
Why Did the Association Fees Double at Penthouse Towers?
Dues moved from roughly $899 a month to $1,795 during 2025. Increases of that scale in older Florida oceanfront buildings almost always trace to reserve funding, structural work or insurance renewals. State law now obliges associations to fund reserves properly rather than waiving them. Ask the board for the budget explaining the rise.
Have Condo Values Fallen Because of the Higher Dues?
They have, and the arithmetic is straightforward to follow. Residences selling while dues sat near $899 achieved a median of $825,000, whereas those selling at the current figure have managed $609,000. Roughly $10,700 more per year in carrying cost consumes about $200,000 of borrowing capacity, which accounts for almost the whole difference.
How Big Are the Residences at Penthouse Towers?
Compact is the honest answer, since almost everything here measures 988 square feet. The recorded range runs from 741 square feet in a single one-bedroom up to 1,087 at the largest. Seventeen of the last eighteen sales were two-bedroom, two-bathroom plans. Buyers wanting more space will find it in smaller Highland Beach buildings instead.
Is the Higher Fee Actually Buying Anything?
Rather a lot, which is easy to overlook when the number lands. Coverage extends to building insurance, structural maintenance and the roof alongside cable television, internet, water, sewer, trash and pest control. Owners elsewhere pay several of those separately, so compare the total monthly outlay between buildings instead of the headline dues figure alone.
Will a Lender Finance a Condo Here?
Usually, though older Florida condominiums warrant checking early rather than late. Lenders review reserves, any pending litigation, the proportion of units held by investors and the completed structural reports before approving a building. Ask your lender to request the condominium questionnaire during the inspection period, since a building falling outside one programme often qualifies under another.
Can You Rent Out a Condo at Penthouse Towers?
Leasing is permitted in most Highland Beach buildings of this vintage, yet the conditions matter considerably. Associations commonly impose a waiting period after purchase, cap how many residences may be leased at once and require board approval of each tenant. Read those provisions in the recorded documents before buying, particularly if rental income forms part of your reasoning.
What Should I Budget Beyond the Purchase Price?
Start with $1,795 a month in dues, then add your own contents and liability insurance on top of the association's master policy. Palm Beach County property taxes follow, and buyers should also set aside a contingency against future assessments in a building of this age. Working those figures out before you offer prevents an uncomfortable surprise after closing.
Does Every Residence Genuinely Face the Ocean?
The pentagon plan was adopted precisely so that each of the 136 residences looks toward the Atlantic. MLS records bear that out, with 26 of 27 entries marked waterfront. What changes between units is the elevation and the angle rather than whether a view exists, so floor level and renovation depth drive pricing here.
Who Should Represent Me in a Purchase Here?
Reserve health, assessment history and lender eligibility decide value in older oceanfront buildings far more than finishes do. A Highland Beach real estate agent who reads those documents properly will spot problems long before an inspection would. The name that recurs along this coast is Larry Mastropieri, backed by more than 2,000 reviews.
Find Your Oceanfront Home With Highland Beach's Most Reviewed Realtors®
Buying into a 1970 oceanfront building rewards anyone who understands what the association has already paid for and what still lies ahead. Our team reads the reserve study, the assessment history and the lender questionnaire before you write an offer. We then say plainly which residences justify their asking price at today's dues. That guidance is what separates a sound purchase here from an expensive lesson. Larry Mastropieri and The Mastropieri Group bring 2,000+ verified reviews, FastExpert recognition and a Clever luxury ranking to that work. Call 561-544-7000 and let us walk you through the building, or browse every Highland Beach home for sale and our wider neighborhood directory.
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