Location
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Address: 4714 North Flagler Drive, West Palm Beach, Florida 33407—nestled in the quiet, emerging Northwood neighborhood directly on the Intracoastal Waterway.
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Balances serenity with proximity—just minutes from Palm Beach’s upscale shopping, dining, cultural venues, beaches, and boating.
Developer & Architect
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Developer: Principal developer Kenneth Baboun (BGI Companies), working with Blue Road; construction management by Moss & Associates.
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Architect: Exterior and interior design by the well-known firm Spina O’Rourke + Partners, with landscape architecture by Schmidt Nichols.
Project Overview
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A 22-story boutique condominium featuring 55 luxury residences, including 2–4 bedroom units and exclusive 2–3 story townhomes with private plunge pools and multi-level terraces.
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Pricing ranges approximately from $2.5 million to over $10 million, with listings averaging around $4 million, some townhomes reaching upwards of $10.7M.
Amenities & Lifestyle
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A rich amenity collection spanning 25,000 square feet: sunrise/sunset pools, Technogym fitness center, spa with sauna and steam rooms, theater, private dining with climate-controlled wine storage, art relaxation gardens, yoga/pilates studio, multi-sport simulator, business lounges, and more.
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Waterfront lifestyle elevated with private dock and boat slips, sunrise/sunset views, and direct access to the Intracoastal.
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Unique wellness benefit: partnership with Mount Sinai Concierge Medicine, offering holistic, 24/7 healthcare services and in-home care.
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One-year complimentary membership to the Palm Beach Yacht Club & Marina—a typically multi-year waitlist perk.
Why It’s Worthy of Attention (Not a Sales Pitch)
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Scarcity & Exclusivity: Just 55 residences, imparting an intimate, highly curated living environment—uniquely positioned compared to large-scale towers.
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Architectural integrity: Thoughtful design by a respected architectural firm, integrating light, natural tones, and generous glazing to embrace its waterfront setting.
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Holistic luxury: Lugging indoor‑outdoor living into an elevated experience—with health, wellness, and social prestige embedded—goes beyond mere architecture.
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Locale poised for growth: Northwood is emerging as a newly valuable locale—Blending tranquility with access, making Alba a potential long-term landmark.
ALBA Palm Beach: A Distinctive Investment in West Palm Beach's Enduring Luxury
ALBA Palm Beach presents a compelling investment opportunity within West Palm Beach's highly sought-after luxury real estate market. This preconstruction development distinguishes itself by offering an intimately sized, graciously appointed, and flawlessly located waterfront living experience directly on the Intracoastal Waterway. It represents a deliberate departure from the trend of crowded mega-towers, instead focusing on boutique exclusivity with only 55 total residences, including condos and townhomes, and over 25,000 square feet of dedicated amenity spaces.
Strategic Location and Lifestyle: ALBA's location is a key differentiator. Situated in a quiet residential neighborhood, it offers residents a charming, authentic South Florida lifestyle. From its terraces, residents can enjoy dazzling views of the Palm Beach skyline. Crucially, it strikes a balance by being "just far enough away from crowded beaches and the tourist scene," yet remains "conveniently close to a world of upscale culinary spots, designer shopping, art galleries and museums, theatrical performances, and more". This blend of serene waterfront living with immediate access to vibrant urban amenities appeals to discerning individuals seeking both tranquility and convenience.
Why It's a Sound Investment: Investing in ALBA Palm Beach aligns with several robust market dynamics that underscore its value:
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Exclusivity and Scarcity: With only 55 residences, ALBA offers a rare and limited-edition living experience in a market where high-quality, new construction inventory is highly coveted. This inherent scarcity, coupled with its unique boutique concept, positions it favorably against larger, more densely populated developments.
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Resilient Market Performance: The broader Palm Beach luxury real estate market continues to demonstrate exceptional strength, even as other South Florida regions show signs of cooling. In Q2 2025, Palm Beach was the only market in the region where both home prices and sales increased, particularly in the ultra-luxury sector. This performance is driven by high-net-worth buyers who prioritize lifestyle, legacy, and location, and are less impacted by fluctuating interest rates. This makes Palm Beach a "safe haven" for luxury capital.
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Demand Outpacing Supply: The Palm Beach luxury market remains "tightly supplied and deeply competitive". Historically low inventory levels, combined with surging demand from affluent buyers, continue to push prices upward. New, meticulously designed projects like ALBA provide much-needed supply in this constrained environment, attracting buyers who are actively seeking premier properties.
Long-Term Value Proposition: ALBA's commitment to extraordinary architecture, design, and amenities, coupled with its intimate scale and prime Intracoastal location, positions it for sustained long-term value appreciation. It caters to a discerning clientele seeking a genuine and exclusive coastal lifestyle, ensuring enduring appeal in a market that consistently attracts global wealth.
In essence, ALBA Palm Beach offers a unique blend of privacy, luxury, and strategic market positioning, making it a valuable consideration for those looking to invest in West Palm Beach's thriving high-end real estate landscape.
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