550 S Australian Avenue

West Palm Beach, FL 33401

$12,750,000

$2,683/ft²

5Beds

7.5Baths

4,752Sq ft

2028Year built

CondoType

About this home

Introducing a lower penthouse residence at The Berkeley, envisioned by the developer of The Bristol and designed by Arquitectonica. This expansive flow-through home offers both east and west exposures, with floor-to-ceiling glass and soaring ceilings that fill the interiors with natural light throughout the day. Generous living spaces extend seamlessly onto oversized terraces—among the largest in West Palm Beach—creating a true indoor-outdoor lifestyle with sunrise-to-sunset views. The residence features Snaidero Italian cabinetry, Sub-Zero and Wolf appliances, and a versatile flex space ideal for a home office, library, or guest suite. Residents enjoy a curated collection of amenities, including a rooftop sky lounge with panoramic views, private on-demand car service, full-service concierge, valet, and a comprehensive wellness offering with spa and in-residence care by UPLIN Health. Ideally positioned along Clear Lake, The Berkeley offers exceptional connectivity to downtown West Palm Beach, cultural destinations, and major transit routes—while maintaining a private and peaceful residential setting. All images and visual materials associated with this property, including AI generated images, virtually staged photos, edited images, artist conceptual renderings, maps, site plans, floor plans, and other graphics, are provided solely for illustrative purposes. These representations may not accurately reflect current conditions and are subject to change without notice. No representations or warranties are made regarding the accuracy or completeness of these visual materials. Buyers should not rely solely on these materials and are responsible for independently verifying all property details.

Features

Waterfront
Private pool

Property details

Listing

MLS #: B26007094
Status: For sale
Listed on: Mar 26, 2026
Days on market: 136 days
Listing data updated: Jul 23, 2026

Interior

Beds: 5
Baths: 7.5
Living area: 4,752 ft²
Price per ft²: $2,683/ft²
Unit: Lph2500 De

Building & community

Type: Condo
Year built: 2028
HOA fee: $5,093/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): $64,471
Property taxes (est.): $11,688
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $5,093

Estimated total$81,852*/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?