Twin-tower condominium · West Palm Beach · 1985
The Plaza of the Palm Beaches, West Palm Beach
Two 32-story towers at 525 and 529 S Flagler Drive, West Palm Beach 33401, opened in October 1985 and renamed The Plaza in 2021, with 221 to 236 residences and townhomes depending on who counts, monthly fees that current listings put at a median of $3,047, a milestone inspection that a listing calls passed, and two pools, tennis and a putting green between the towers.
I read the milestone report behind the listing claim, the reserve study for a 41-year-old pair of towers and the leasing and pet articles before you buy into a 221-owner association.
What it is
What The Plaza is
The Plaza began as Flagler Plaza, two 32-story towers that Robert Armour and Michael Guider started in 1981 to drawings by Schwab & Twitty. Construction stalled, the Bank of New York refinanced it in 1984 and it opened in October 1985 with few sales. The bank foreclosed in January 1986, and that July Donald Trump bought it for about $40 million and renamed it Trump Plaza. He auctioned the remaining residences in 1990 and 1991 and handed the property to its lenders; the owners kept the name until 2021, when the board voted in January to drop it and more than 67 percent of residents chose The Plaza in May. The towers have a $6 million roof, balcony, lobby and pool renovation from around 2020 behind them and an exterior project from 2017 to 2019.
Size depends on the source. An encyclopedia summary says 221 residences and its text says 224 at the 1986 sale; a brokerage page says 224 including two-story townhomes; a condo database says 236 across 33 floors. Plans run from about 1,900 to 8,000 square feet under air, with the townhomes along Flagler and the larger lines in the 529 tower. Current asking prices and pending sales are in the listings on this page.
The service is a door attendant, concierge, 24-hour security, valet and allocated underground parking. Between the towers sit two heated pools, a spa, saunas, a fitness room, tennis and pickleball, a putting green, bocce, shuffleboard, a library, a billiards room and a dog park. With roughly 221 owners sharing that, the budget is big enough to read like a company’s, and I read it that way.
Filtered to this place
Homes for sale in The Plaza of the Palm Beaches
The cards below come from a saved search drawn on the Plaza’s two parcels, so you see 525 and 529 only. I tell you which tower each card is in, whether it is a tower residence or a townhome, the current fee for that line and what the last two years of assessments looked like.
$6,450,000
For Sale
529 S Flagler Drive Th3e West Palm Beach, Florida
4 Beds 7 Baths 6,500 SqFt
$5,350,000
For Sale
529 S Flagler Drive 12 Gh West Palm Beach, Florida
3 Beds 5 Baths 4,018 SqFt
$3,795,000
For Sale
525 S Flagler Drive 11A West Palm Beach, Florida
3 Beds 3 Baths 2,091 SqFt
$3,745,000
For Sale
525 S Flagler Drive 20b/c West Palm Beach, Florida
4 Beds 4 Baths 3,854 SqFt
$3,495,000
For Sale
529 S Flagler Drive 26h West Palm Beach, Florida
2 Beds 3 Baths 2,150 SqFt
$3,395,000
For Sale
525 S Flagler Drive 14c West Palm Beach, Florida
2 Beds 2 Baths 1,927 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 Friday, November 6th, 2026 at 04:16:28 AM.
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Numbers first
The Plaza of the Palm Beaches market, last 12 months
The Plaza of the Palm Beaches recorded 12 closed sales in the twelve months through October 2026. Medians, so one unusual sale does not move them; we break the numbers out by home type for any home you are considering.
| Measure | Last 12 months | Year before | Change |
|---|---|---|---|
| Homes sold | 12 | 9 | +33% |
| Median sale price | $1,650,000 | $2,100,000 | -21% |
| Median price per sq ft | $778 | $1,004 | -23% |
| Middle 80% of sales | $1,400,000 to $3,600,000 | $1,300,000 to $7,240,000 | |
| Active listings now | 8 | ||
| Median asking price now | $3,620,000 | ||
| Months of supply now | 8.0 |
BeachesMLS closed sales inside the boundary of The Plaza of the Palm Beaches, 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.
Two towers, one budget
Fees, the milestone report and the rules across 221 doors
Fees are published often enough here to track. Fees run about $3,047 a month at the median of current listings, and most fall in the range of $2,807 to $6,000. A condo database lists what the fee carries: security, common areas, insurance, trash, cable, elevators, parking, sewer, water and interior pest control; a listing adds internet and recreation facilities. One brokerage page shows a quarterly figure in the millions, which is a data error I mention only so you ignore it. I read the adopted budget and the two years of assessments for the exact line.
The structure is the second file. Two 1985 towers of 32 stories on the Intracoastal fall under Florida’s milestone inspection requirement and the structural integrity reserve study. A 2026 listing says the building passed its milestone inspection and was rated structurally sound, and the same listing mentions a hospitality designer engaged to refresh the common areas, with balcony railing and east pool projects planned. That is a seller’s summary, and it is also a to-do list. I request the engineer’s report, the reserve study and the reserve balance, and I ask how the railing and pool work will be paid, because a planned project is an assessment with a date.
Leasing and pets are the third file. Listings mark leasing as allowed with restrictions and give no term, waiting period or annual limit. Pets are allowed with breed, number and size limits reported, and the dog park is on the grounds. Both articles live in the recorded declaration, which I read; I also ask the manager how many of the roughly 221 residences are leased today, because that ratio tells you how the building runs and how a lender will treat it.
Then the water. The Plaza faces the Intracoastal across Flagler Drive and has no dock of its own. Palm Harbor Marina, the downtown marina at 400 N Flagler Drive, leases slips to yachts of 250 feet on floating docks in about 11 feet of water, and One Watermark Place to the north has private slips; I can explain both arrangements before you decide whether this address works for your boat.
For the specific home
What I check before you buy in The Plaza of the Palm Beaches
A two-tower association with a long history is a reading job. This is the order I read in.
- The adopted budget, what the fee includes for that tower and line, and two years of assessments levied or proposed.
- The milestone inspection report behind the listing claim, the structural integrity reserve study and the reserve balance.
- Scope, cost and funding plan for the balcony railing, east pool and common-area projects a listing describes as planned.
- The leasing article as recorded: minimum term, waiting period, frequency and approval, plus today’s count of leased residences.
- The pet article as recorded, with the breed, number and size limits.
- Insurance in force and the wind deductible, the allocated parking and storage, and the estoppel reconciled to the closing figure.
Questions
Questions Buyers Ask About The Plaza of the Palm Beaches
What are the monthly fees at The Plaza?
Current listings show a median of $3,047 a month, with most in the range of $2,807 to $6,000. A database says the fee covers insurance, security, cable, water, sewer, trash, elevators and parking. I read the budget for the exact line.
Has The Plaza passed its milestone inspection?
A 2026 listing says so and calls the building structurally sound. I request the engineer’s report, the reserve study and the funding plan for the railing and pool projects the same listing describes as planned.
Can I rent out a residence?
Leasing is allowed with restrictions by every listing. The term, any waiting period and the annual limit are in the recorded declaration, which I read before you count on income.
Are pets allowed?
Yes, with breed, number and size limits reported and a dog park on the grounds. The recorded pet article controls.
Why was it called Trump Plaza?
Donald Trump bought the foreclosed towers in July 1986 and renamed them. He left in 1991 and owners kept the name until 2021, when the board voted to drop it and more than 67 percent of residents chose The Plaza. Roof-top signs came off in 2017 and ground-floor signs in 2020.
Is there a dock?
Not at the building. Palm Harbor Marina downtown leases slips to 250 feet and One Watermark Place has private slips; I can walk you through both.
Nearby
More West Palm Beach Neighborhood Guides
Where it is
Budget · milestone report · leasing article
Let Us Take Care of the Details
Tell me which tower, which line and whether a townhome is in the picture, and I will come back with the fee for that residence, the milestone and reserve documents, the project funding plan and the leasing terms as recorded before we tour. Then I coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate, 561-768-3331
Fee, leasing, pet and inspection statements on this page are from brokerage pages, listings, a condo database and an encyclopedia article as of October 2026; the recorded condominium documents and the engineer’s reports control. Residence and story counts differ by source and are given as reported. Figures are from the sources named in the text, as of October 2026, believed reliable but not guaranteed and subject to change without notice. Listing data comes from the BeachesMLS IDX feed and is deemed reliable but not guaranteed. Nothing here is legal, tax or insurance advice. Monika Phillips, Sales Associate, Douglas Elliman Real Estate, 561-768-3331. Equal Housing Opportunity.
New construction. Where this page mentions new or planned homes, prices, plans, features and timelines come from the builders and developers, are believed reliable but not guaranteed, and can change without notice. Renderings are artist’s concepts. Builders sell through their own sales teams; Monika Phillips and Douglas Elliman are not a builder’s sales agent unless a page says so. For homeowners’ association communities, review the disclosure summary and governing documents required by Chapter 720, Florida Statutes, before signing. Nothing on this page is an offer to sell, or a solicitation of an offer to buy, any property in any state where the offering has not been registered or exempted as required, including New York and New Jersey. No sale may be made to a resident of such a state until those requirements are met.
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