1285 N Ocean Boulevard, Palm Beach, FL 33480 — MLS photo

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1285 N Ocean Boulevard, Palm Beach, FL 33480

Active · SingleFamilyResidence

$49,900,000

1285 N Ocean Boulevard, Palm Beach, FL 33480

Beds
7
Baths
10
Living area
5,637 sq ft
$ / sq ft
$8,852/sq ft
Year built
2025
Lot size
14,575 sq ft
HOA fee
—
Annual tax
—

About this property

Experience the pinnacle of luxury living with this exceptional new construction oceanfront home located on one of the most desirable stretches of Palm Beach Island, the prestigious North End. Known for its expansive beaches, this 7,000 sq ft British Colonial estate occupies a .33-acre lot with 125 feet of stunning views over the clear blue Atlantic Ocean. Masterfully designed by Greg Palmer of Harrison Design and Mary Frances Garrett of M2B Properties, and expertly constructed by Tim Givens. Features include a basement with elevator access, a 2-car garage, and a heated saltwater pool complete with a jacuzzi spa. The interior layout is thoughtfully curated, featuring a secondary primary bedroom on the first floor, a formal dining room, a private study, and a gourmet kitchen equipped with a walk-in pantry. All spaces are accentuated by soaring ceilings and designer-grade finishes. The primary suite is enhanced with dual walk-in closets, while the basement level provides adaptable space with a bathroom and laundry facilities, ideal for a wine cellar or exercise room. This property is a result of a recent collaboration between the renowned Harrison Design and M2B Homes, whose work has been recently featured in Florida Design. Their impressive portfolio includes Merrywood in Atlanta, Georgia, a recipient of the 2020 Addison Mizner Award from the Institute of Classical Architecture and Art Florida Chapter and the 2021 Residential Design Award from the American Institute of Architects Atlanta Chapter. This is a rare opportunity to own a brand-new oceanfront residence along one of the most coveted stretches of Palm Beach Island. Call for more details on adding the adjoining lot for a .65 acre estate property.

Property location

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1285 N Ocean Boulevard, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
7
Bathrooms
10
Living area
5,637 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2025
Lot size
14,575 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
R11091524
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$212,033

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.2%
Gross yield
3.5%
Mortgage payment
$236,551/mo
Down payment
$12,475,000
Loan amount
$37,425,000
Annual NOI
$294,218

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.