Nestled on Florida’s Atlantic coast, West Palm Beach is blessed with year-round sunshine. With average highs of 83°F and average lows of 68°F, it’s no wonder so many people flock to this sun lover’s paradise.
But apart from sunshine and beaches, are there other great reasons to move to West Palm Beach? How is the real estate market, and why should you consider a West Palm Beach investment property?
Let’s take a closer look at living in paradise with our 7 key reasons you should move to West Palm Beach.
1. The Real Estate Market Is Booming
The whole of Florida has long been a popular choice for people looking for an investment property. But even during pandemic hit 2020, West Palm Beach showed it’s in a league of its own.
According to the Palm Beach County Clerk’s Office, in 2020, more than 20 homes sold for over $20 million. And even on the lower side of the luxury home market, houses and apartments are changing hands at a rate of knots.
It’s essential to work with an experienced West Palm Beach realtor in this fast-paced market. As prices continue to rise and demand outstrips supply, you need someone with contacts. They will allow you to view properties as soon as they become available, so you can get ahead of the crowd.
2. Not Too Big, Not Too Small
Unlike Miami 70 miles to the south, West Palm Beach is not a bustling metropolis. Yet it is still big enough to have all the amenities you need to live life in comfort.
It has a population of around 110,000 and is home to families from all backgrounds. Its small size makes it a city that feels more like a town. You can also expect an affordable cost of living compared with Miami.
It’s home to a wide range of restaurants and nightlife and its history goes back over 5,000 years.
It is home to a rich arts and cultural scene. The Norton Museum of Art is the largest museum in Florida. It houses over 7,000 works of art from Europe, America, and China.
Worth Avenue is West Palm Beach’s answer to Rodeo Drive. It features over 200 upscale shops, including a Saks Firth Avenue department store.
3. No State Income Tax
Have you ever noticed that a large number of athletes from all over the country and the world choose to make their home in Florida? Apart from ideal conditions for training, it’s also home to no state income tax!
There are only 7 states in the Union where this is the case, and Florida has the best climate of them all! This has encouraged people from higher-income brackets to invest in the West Palm Beach real estate market. Many have made Florida their home.
4. Amazing Location
West Palm Beach boasts stunning beaches, wildlife, botanic gardens, and upscale shopping.
It’s also in close proximity to many other key Florida destinations. This means that a base in West Palm Beach allows you access to the very best of Florida living.
The melting pot of Miami is just an hour and a half drive away. Fort Lauderdale is an hour away, and Key Largo is just two hours away. If you’ve got kids, it will only take you two and a half hours to get to Orlando with its abundant theme parks.
5. It Has Its Own Airport
If you’re worried that living in West Palm Beach would mean losing touch with the rest of the country, think again.
It is served by Palm Beach International Airport (PBI). It’s small without being tiny and is particularly good for connecting you easily with the nation’s biggest cities.
For example, there are 25 flights a week from Palm Beach to New York City, and this is just one of many routes that fly out of the airport each week. There’s no need to worry about being cut off from family, friends, or business contacts.
If you are looking for long-haul flights, then Fort Lauderdale and Miami international airports are also within easy reach.
6. Golf, Golf, and More Golf
Are you a golf lover? Then West Palm Beach is the perfect place for you.
There’s a reason the PGA headquarters are located right here. That’s because the beautiful West Palm Beach climate makes it a golfing paradise. There are more tournaments than you can count and more golf courses than any other county in Florida!
Many PGA tour members also make West Palm Beach their home. There’s every chance you’ll spot a famous name getting a few rounds in. There is everything from public and municipal courses to exclusive private clubs.
7. Beaches in Abundance
The clue is in the name. One of the major draws of West Palm Beach is its beautiful beaches. It boasts an incredible 47 miles of Atlantic coastline, which is littered with stunning beaches just waiting for you to use.
Among these are many outstanding public beaches. The John D. MacArthur Beach State Park combines beautiful swimming beaches with natural trails and fun for the whole family.
If you like to combine beach life with water sports then head over to Peanut Island Park. This provides some of the best snorkeling in Florida, along with kayaking, and paddleboarding.
Snorkeling at Peanut Island gives you the chance to view colorful fish in shallow waters. You may also glimpse sea turtles and manatees a little further out.
Choose West Palm Beach for Your Next Investment
The West Palm Beach real estate market is absolutely booming. With no state income tax, amazing beaches, great amenities, and a balmy climate, what’s not to love about West Palm Beach!
At Linda A. Gary Real Estate, we are the West Palm Beach property experts. Our dedicated team is ready and waiting to help you find your perfect West Palm Beach luxury property. Whether it’s to live in, or as an investment, we have the advice and contacts you need.
Contact us today for more information about a specific property, or investing in West Palm Beach.