A condominium in Palm Beach, Florida
Peruvian Terrace, Palm Beach
A 17-unit condominium at 401 Peruvian Avenue, near the lake end of the avenue one block north of Worth Avenue, built in 1963 according to the county roll.
Homes, years and sizes: Palm Beach County property records (2025 tax roll).
Overview
About Peruvian Terrace
Peruvian Terrace, often called 401 Peruvian, is a 17-unit condominium completed in 1963. It sits near the lake end of Peruvian Avenue, a block from Worth Avenue and the Lake Trail.
Most units are about 580 to 600 square feet on the county roll, with a few up to about 1,030, so it is one of the smaller-unit buildings in midtown. Pan’s Garden is on the same avenue and the town docks are a short walk. Building amenities and rules we confirm for a specific residence.
At a glance
- Streets
- Peruvian Avenue
- Home type
- Condominiums
- Built
- Mostly 1963
- Living area
- About 580 to 1,020 sq ft
- Zip code
- 33480
- County
- Palm Beach County
On the market now
Homes for Sale in Peruvian Terrace
Listings inside the boundary of Peruvian Terrace, newest first, updated through the day from BeachesMLS. No condominiums are listed for sale here right now. New listings come up through the year; ask me to watch for one.
$1,895,000
New Listing
401 PERUVIAN Avenue 1050 Palm Beach, Florida
1 Beds 1 Baths 595 SqFt
$1,895,000
New Listing
401 PERUVIAN Avenue 1040 Palm Beach, Florida
1 Beds 1 Baths 684 SqFt
$995,000
Pending
401 Peruvian Avenue 2010 Palm Beach, Florida
1 Beds 1 Baths 715 SqFt
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than Douglas Elliman Real Estate are identified with the listing firm’s name on each listing’s detail page. Listing data last updated Wednesday, November 4th, 2026 at 08:33:45 PM.
Closed sales
The Peruvian Terrace Market
Closed sales inside the boundary of Peruvian Terrace, every home type together. Medians and the middle range say more than any average, and in a community this size a single unusual sale can move a year.
One closed sale in twelve months is a thin sample, so read the median as a marker, not a price for any one home. We pull every closing here for any home you are considering.
| Measure | Last 12 months |
|---|---|
| Homes sold | 1 |
| Median sale price | $1,000,000 |
| Median price per sq ft | $1,399 |
| Active listings now | 0 |
BeachesMLS closed sales inside the boundary of Peruvian Terrace, twelve months through October 2026, via IDX Broker. Active listings now is live from the MLS feed; the median asking price updates monthly. Listing information deemed reliable but not guaranteed.
Association and costs
The Peruvian Terrace Association and What It Costs
Who runs the association, what governs it, and what current listings say the fee is.
| Water | The building is on the west side of town near the Lake Trail and the Lake Worth Lagoon; the county roll shows no boat slips with the units. |
|---|
Association Fees From Current Listings
| Association fee, median | $1,191 a month |
|---|---|
| Typical range | $1,167 to $1,214 a month |
| Usually covers | Cable TV, Trash, Water, Insurance |
| Club membership | Not required |
From 2 current and recent BeachesMLS listings in Peruvian Terrace, via IDX Broker, refreshed weekly. Fees are monthly equivalents of the association fees in each listing; condo, master and sub-association fees can stack. The recorded documents, the current budget and the estoppel govern.
What Else to Check
- Taxes and insurance After a sale the assessed value resets the following January. Flood zone and roof age drive insurance quotes, so we check both for the address.
- Estoppel The closing agent orders an estoppel certificate from each association, which confirms what is owed at closing.
Documents to Review Before Closing
- Before you sign: leasing, pet and approval rules if they matter to you
- After you sign: the declaration, articles, bylaws, rules, budget and reserves, with the cancellation window Florida law sets once you receive them
- For buildings three stories or taller: milestone inspection and structural integrity reserve study status
- Before closing: the estoppel certificate from the condominium association
Where it sits
Around Peruvian Terrace
Places nearby.
Zoned Public Schools
At the center of Peruvian Terrace, the School District of Palm Beach County zones Palm Beach Public Elementary (elementary), Conniston Middle (middle) and Forest Hill High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Elementary
- Palm Beach Public Elementary
Middle
- Conniston Middle
High
- Forest Hill High
How it came to be
A Short History of Peruvian Terrace
- 1911
The Town of Palm Beach was incorporated.
- 1963
Peruvian Terrace was completed, according to the county roll.
Sources: Palm Beach County 2025 tax roll (Florida Department of Revenue), Town of Palm Beach.
The boundary
Peruvian Terrace on the Map
Questions
Questions Buyers Ask About Peruvian Terrace
What do condominiums in Peruvian Terrace cost right now?
No condominiums are listed for sale here right now. New listings come up through the year; ask me to watch for one. The market section above shows what condominiums here actually sold for over the past year.
Where is Peruvian Terrace?
At 401 Peruvian Avenue, near the lake end of the avenue, one block north of Worth Avenue, in the 33480 ZIP.
Is 401 Peruvian the same as Peruvian Terrace?
Yes. The county roll lists the building at 401 Peruvian Avenue as Peruvian Terrace Condominium.
What should I read about Peruvian Terrace as a buyer?
The condominium declaration, bylaws, rules, the current budget and reserves, and recent board minutes. We request the full document set once you are under contract and go through it with you.
How many condominiums are in Peruvian Terrace, and when were they built?
Palm Beach County property records list 17 residential parcels in Peruvian Terrace, most built 1963, with a typical living area of about 600 square feet.
What are the association fees in Peruvian Terrace?
The fee table on this page is drawn live from current and recent listings. The seller’s disclosure, the condominium documents and the estoppel certificate confirm the exact amount for a specific home.
Is Peruvian Terrace gated?
We have not found an official source on building access; we confirm it for a specific residence.
Which public schools serve Peruvian Terrace?
At the center of Peruvian Terrace, the School District of Palm Beach County zones Palm Beach Public Elementary (elementary), Conniston Middle (middle) and Forest Hill High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Keep Exploring
More Palm Beach Neighborhood Guides
Peruvian Terrace · Palm Beach
Let Us Take Care of the Details
Tell us the street or the home in Peruvian Terrace. We come back with the listings, the association’s fees and rules, and what similar condominiums sold for, then arrange the visits and coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate
- Association fees, rules and documents gathered for each home
- Leasing and approval rules pulled up front
- Tax bill and flood zone checked for the address
- One team from the first look to closing day
Home counts, years built and sizes come from Palm Beach County property records (2025 tax roll); association records from the Florida Division of Corporations; school zones from the School District of Palm Beach County. Listing and sales data from BeachesMLS via IDX is deemed reliable but not guaranteed; listings may be held by brokerages other than Douglas Elliman. Association fees shown come from current and recent listings and can differ from the association’s budget; recorded documents and the associations’ own figures control. Verify anything that matters to your decision with the source. Monika Phillips, Sales Associate, Douglas Elliman Real Estate. Equal Housing Opportunity.
