Gramercy Park
Homes for Sale in West Palm Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Gramercy Park sits in West Palm Beach at a median of $289,888 and $309 per square foot—a price point that reflects older housing stock, smaller footprints, and neighborhoods where cosmetic condition determines half the spread. This is not new construction; it's an established West Palm pocket where price is set by what you're willing to finish or fix.
Market posture is brisk: seventeen days median, nine closings in our window, and a heat score of 51 that says sellers still hold negotiating ground despite the 18.6% year-over-year pullback. The long arc tells the bigger story—a 643% gain since 2012—but today's buyer faces a market that has cooled from recent highs without reverting to a giveaway. If you know how to price deferred maintenance and can move quickly, the velocity here rewards decisiveness.
Gramercy Park right now
🔴 Off the recent peak. The trailing-12-month median ($290K) is down 18.6% from the prior 12 months ($356K) and up 643% since 2012. With about 18 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending July 15. Confidence: Medium (9 and 11 sales in the two windows).
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Updated July 15, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Gramercy Park market snapshot (as of July 15, 2026): the median sale price is about $290K ($309 per sq ft over the trailing 12 months of closed sales), and a median 17 days on market for closed sales. The trailing-12-month median is down 19% from the prior 12 months and up 643% since 2012, computed from record-level Beaches MLS closed sales (9 closings in the current window).
Gramercy Park is an established West Palm Beach neighborhood where price reflects age and condition more than amenities, selling quickly to buyers who understand the difference between dated and distressed.
Who Gramercy Park is best for.
Best for
- Investors or occupant-buyers with cash or renovation financing who can evaluate structural soundness and scope cosmetic work in a single showing
- Buyers prioritizing West Palm Beach location and willingness to improve over finished product and resort-style amenities
- Decisive actors comfortable with the median price point who can move in under three weeks and won't lose deals to appraisal or inspection paralysis
Probably not for
- Buyers seeking turnkey homes, community pools, clubhouses, or finish quality reflected in the purchase price
- First-time purchasers without contractor relationships or renovation-cost fluency who may underestimate project scope and carrying costs
- Anyone requiring lengthy due diligence, multiple showings, or extensive seller concessions in a market where seventeen-day velocity leaves little room for deliberation
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($290K) IS the median in the snapshot above, and the move from 2025 ($356K) IS the -18.6% one-year change.
Windows contain 9 to 29 sales each (9 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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. Deemed reliable but not guaranteed.
The Gramercy Park buying strategy.
If we were buying in Gramercy Park today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Gramercy Park.
What the numbers say about price and pace
The median closed at $289,888 in our window, with per-square-foot pricing at $309—a range that signals older homes, many needing updates, in a location where land value and proximity anchor the equation. There is no amenity package here; value is driven by what West Palm Beach offers outside the fence line and what you're prepared to invest inside the walls.
Seventeen days median time on market and nine closings tell you this is not a browsing market. Inventory moves when it's priced to condition, and buyers who hesitate lose. The 18.6% year-over-year decline marks a recalibration from the peak, but with a heat score of 51 the market has not tipped to buyers—expect negotiation, not capitulation. The 643% gain since 2012 is context, not prediction; it shows long-term trajectory in a county that has seen sustained demand, but it makes no promise about tomorrow.
The location and the amenities are priced into every listing in Gramercy Park. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Gramercy Park buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.7). Basis: Long-Term Appreciation +643% since 2012; Recent Direction -18.6% year-over-year; Pricing Power 98.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Gramercy Park rewards the buyer who can distinguish between a cosmetic project and a structural mistake, and punishes the one who can't. We walk every comp, flag deferred maintenance that will cost you equity, and help you model renovation budgets before you write the offer. In a market moving this fast, our value is keeping you out of the deal that looks like opportunity until you own it—and positioning you to move decisively on the one that pencils.
Gramercy Park in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Gramercy Park buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Gramercy Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gramercy Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Gramercy Park home worth?
Get a no-obligation home value based on real comparable sales in Gramercy Park, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recent Developments in Gramercy Park
Development, infrastructure, retail, and school activity affecting Gramercy Park, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Market
Palm Beach County Total Home Sales Jump for 10th Consecutive Month
Palm Beach County total home sales rose 22.3% year-over-year in June 2026 to 2,456 transactions, with total dollar volume up 53.90% to $2.7 billion. The single-family median sale price increased to $700,000 and the condominium median rose to $325,000.
What it may mean for the marketRising sales volume and median prices signal strengthening demand and higher valuations across the Palm Beach County housing market. The site is about 3 miles east of Gramercy Park.
Source: MIAMI REALTORS - July 2026Civic
Jupiter Commission Backs Old Dixie Industrial Shift and Seaglass Condo Option
The Jupiter Planning and Zoning Commission voted 7-0 to recommend a Future Land Use Map amendment allowing two office and warehouse buildings on a 0.77-acre former Cemex site at 1666 North Old Dixie Highway. The commission also unanimously recommended letting the 23-unit Seaglass development at 105 Rich Circle be built as either rentals or for-sale condominiums, with Town Council consideration set for August 18.
What it may mean for the marketLand use changes in Jupiter would enable commercial redevelopment of a vacant Old Dixie Highway parcel and add flexibility for a small multifamily project to deliver either rental or for-sale housing. The project is about 16 miles north of Gramercy Park, elsewhere in Palm Beach County.
Source: JupiterBrief - July 2026Development
The Berkeley Palm Beach Breaks Ground at 550 South Australian Avenue in West Palm Beach
The Berkeley Palm Beach broke ground on a 25-story tower with 193 condominium residences at 550 South Australian Avenue overlooking Clear Lake, developed by Al Adelson with Arquitectonica as designer. Sales have exceeded $120 million and completion is anticipated in 2029.
What it may mean for the marketA new 25-story condominium tower adds high-end for-sale housing supply to the downtown West Palm Beach market and continues vertical development along the Clear Lake waterfront. The project is about 3 miles southeast of Gramercy Park, elsewhere in Palm Beach County.
Source: Florida YIMBY - June 2026Development
Developers Plan Two 31-Story Towers for 2085 N Flagler Dr, West Palm Beach
Terra and BH Group filed plans for 281 residential condominiums across two 31-story towers on a 1.55-acre site at 2085 N Flagler Drive in West Palm Beach. The nearly 440,000-square-foot project includes about 4,385 square feet of retail and 362 parking spaces.
What it may mean for the marketTwo proposed 31-story towers would add for-sale condominium supply and ground-floor retail along the North Flagler Drive waterfront in West Palm Beach. The project is about 4 miles east of Gramercy Park, elsewhere in Palm Beach County.
Source: Florida YIMBY - June 2026Development
300-Unit 'The Pierce' Slated for Summer Groundbreaking at 115 N. Federal Highway, Boynton Beach
Affiliated Development's The Pierce, a mixed-use project with 300 apartments and 17,015 square feet of retail at 115 N. Federal Highway in downtown Boynton Beach, is slated to start construction in summer 2026. The unit mix includes 150 market-rate apartments and 150 workforce housing units for households earning 80 to 120% of area median income, with 587 parking spaces.
What it may mean for the marketA 300-unit mixed-use project adds rental housing and retail to downtown Boynton Beach and advances redevelopment along the North Federal Highway corridor. The project is about 14 miles south of Gramercy Park, elsewhere in Palm Beach County.
Source: Florida YIMBY - May 2026Development
25-Story Mixed-Use Tower to Feature Workforce Housing at 120 S Dixie Hwy, West Palm Beach
Developer Jeff Greene proposed a 25-story tower with 399 apartments at 120 S Dixie Highway in downtown West Palm Beach, with about 160 units set aside for households earning at or below 120% of area median income. The plan includes 7,550 square feet of retail and 236 parking spaces and was reviewed by the city's Plans and Plats Review Committee on May 14.
What it may mean for the marketA proposed 25-story mixed-use tower would add rental housing, including income-restricted units, plus retail space to the downtown West Palm Beach market on the South Dixie Highway corridor. The project is about 3 miles east of Gramercy Park, elsewhere in Palm Beach County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Gramercy Park?
How long do homes in Gramercy Park take to sell?
Have Gramercy Park home prices gone up?
Who is the best real estate agent for Gramercy Park?
How do I find a top West Palm Beach real estate agent who knows Gramercy Park?
Can Momentum Realty connect me with an agent for Gramercy Park?
Should you buy in Gramercy Park?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2001 (445 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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