Momentum Housing Data · Home Values · Palm Beach County
Buying here? See Tropic Palms homes for sale and the Tropic Palms community guide (Delray Beach).
Tropic Palms 1 (Delray Beach, FL): 13 recorded closings in the 12 months ending 2026-07-15, an 11-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 93.9% of original asking; the median sale took 63 days (window ending 2026-07-15).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $670,000 | $423 | 63 | 93.9% | 13 |
| 2025 | $635,000 | $426 | 16 | 95.5% | 11 |
| 2024 | $648,000 | $409 | 9 | 97.8% | 13 |
| 2023 | $667,500 | $410 | 26 | 93.9% | 6 |
| 2022 | $550,000 | $370 | 5 | 100.0% | 13 |
| 2021 | $403,600 | $255 | 6 | 100.0% | 12 |
| 2020 | $343,000 | $220 | 20 | 98.0% | 9 |
| 2019 | $350,000 | $192 | 43 | 91.8% | 7 |
| 2018 | $339,000 | $234 | 8 | 94.8% | 8 |
| 2017 | $326,168 | $207 | 71 | 89.7% | 6 |
| 2016 | $325,450 | $191 | 37 | 91.9% | 10 |
Over the recorded series, Tropic Palms 1’s median sold price moved from $325,450 (2016) to $670,000 (12 months ending 2026-07-15) — +106% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2016 at $325,450. The 2020–22 run-up did what it did everywhere — Tropic Palms 1’s median moved +57% from 2019 to 2022. Annual sales volume here has ranged from 0 to 13 closings a year (10-yr average 9.8). With roughly 9.8 closings a year, Tropic Palms 1’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
Of the 31 recorded Tropic Palms 1 closings since 2024, half landed between $583,500 and $740,000 (the middle two quartiles); the lowest recorded sale was $420,000 and the highest $885,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $500,000 | 2 (6%) | |
| $500,000 – $600,000 | 7 (23%) | |
| $600,000 – $700,000 | 11 (35%) | |
| $700,000 – $800,000 | 6 (19%) | |
| None and up | 5 (16%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($475 vs $403) — the usual pattern, since lot, kitchen and baths do not scale with floor area.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 1,065–1,459 sq ft | $475 | $611,000 | $420,000 – $875,000 | 10 |
| Mid-size homes 1,480–1,619 sq ft | $403 | $629,000 | $540,000 – $813,000 | 10 |
| Larger homes 1,674–2,095 sq ft | $403 | $685,000 | $522,000 – $885,000 | 11 |
At Tropic Palms 1’s $670,000 median and Palm Beach County’s adopted 18.72 mills (FY2025-26), a home assessed at that price carries roughly $12,540 a year in property tax before exemptions, or about $11,770 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Palm Beach County tax page.
Momentum’s market-heat index for Tropic Palms 1 reads 40/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
The table above is the closed-sale record to price a Tropic Palms 1 home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping Tropic Palms 1 are also weighing (same city (Delray Beach)), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Coastal House | $663,000 | $447 | 259 | 4 |
| Polo Trace 2 1 | $689,000 | $342 | 23 | 15 |
| Valencia Palms | $700,000 | $290 | 43 | 23 |
| Ventura | $700,000 | $393 | 104 | 3 |
More Tropic Palms 1: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
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. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.