123 Ocean Drive

Palm Beach Shores, FL 33404

$5,607,000

$2,309/ft²

3Beds

3.5Baths

2,428Sq ft

2027Year built

CondoType

About this home

Introducing 123 Ocean. Oceanfront Serenity. Elevated Palm Beach Shores Living. Featuring an inviting open-plan layout with a wraparound terrace, this brand new 3-bedroom, 3.5-bathroom beach house offers a timeless coastal lifestyle close to dining, marinas, and stunning beaches. Exclusive ocean access comes via a dedicated direct walkway to the sand. White oak, woven straw, and soft brass create a refined interior aesthetic, while a direct elevator vestibule, split-wing bedrooms, and a limited number of homes per floor maximize privacy. Here, the ebbs and flows of daily life feel effortless, private, and composed. Nothing is excessive. Everything is intentional. An elegant foyer with a convenient powder room flows into a sun-splashed living room, dining room, and kitchen with a wet bar and two exposures. Sliding doors reveal a beautiful terrace with a summer kitchen, creating a seamless villa-in-the-sky indoor-outdoor experience. Residents can choose between two kitchen schemes suited to their lifestyle, needs, and personal tastes. Both minimalist styles are anchored by a sculptural stone peninsula and boast premium stone backsplashes, custom wood-veneer cabinetry, a walk-in pantry, and fully integrated Gaggenau appliances. The king-size primary suite enjoys a luxurious walk-in closet, a supplementary reach-in closet, and a sanctuary-like spa bathroom with a richly veined porcelain feature wall, a custom wood and stone double vanity, curved mirrors and lighting, polished metal fixtures, wall niches with built-in lighting, light-diffusing textured glass partitions, and a walk-in rainfall shower. The bright second and third bedrooms include reach-in closets and pristine en-suite bathrooms with a deep soaking tub or walk-in shower. Finishing the home is a thoughtful laundry room with a utility sink, storage, and a side-by-side Bosch washer and dryer. 123 Ocean is an exclusive six-story oceanfront boutique residential collection brought to life by an all-star team consisting of Lionbright Development, Arquitectonica, Asthetique, and Naturalficial. Gorgeous amenities range from arrival and building services to curated wellness and lounge spaces. Residents are welcomed by a refined porte cochère and a 24/7 attended lobby with a dedicated mail and package room. Covered underground parking is secure and maintains an elevated pedestrian environment. The resort-style pool and sun deck are gorgeous communal escapes, and the boutique fitness studio is complemented by an infrared sauna, ice bath, and treatment area. Additional highlights include a resident lounge, children's playroom, media room, and conference room. Numerous restaurants and shops are moments away, and Palm Beach City Center and Palm Beach International Airport are just a 20-minute drive.

Features

Waterfront
Private pool

Property details

Listing

MLS #: R11147860
Status: For sale
Listed on: Dec 15, 2025
Days on market: 238 days
Listing data updated: Aug 5, 2026

Interior

Beds: 3
Baths: 3.5
Living area: 2,428 ft²
Price per ft²: $2,309/ft²
Unit: Ph G

Building & community

Type: Condo
Year built: 2027
HOA fee: $4,876/mo
County: Palm Beach

Lot & exterior

Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $28,352
Property taxes (est.): $5,140
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $4,876

Estimated total$38,968*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?