Olara - West Palm Beach
2–4 bedrooms + den
Average pricing: approximately $1,800/SqFt
Olara – West Palm Beach, Florida
PROPERTY OVERVIEW
Property Name: Olara
Property Type: Condominium
Property Subtype: Luxury Waterfront Condominium
Offering Type: Sale
Price: Varies by residence and floor
Average Price: Approximately $1,800/SqFt blended, as of August 2026
Bedrooms: 2–4 Bedrooms + Den
HOA: $1.13/SqFt of interior space, as of August 2026
Deposit Structure: 30% at Contract | 10% at Top-Off | 60% at Closing
Developer Fee: 0%
Branding Fee: 0%
Sales Status: Approximately 64% sold, as of August 2026
Condition: Pre-Construction
Estimated Delivery: 2028
Building Height: 26 Stories
Total Residences: 275
Interior Design: Gabellini Sheppard
Parking: 2 Side-by-Side EV-Capable Parking Spaces per Residence
PROPERTY DESCRIPTION
More about Olara – West Palm Beach, Florida
Olara is a new luxury residential development rising 26 stories in West Palm Beach, with 275 residences ranging from two to four bedrooms plus den. Designed with interiors by Gabellini Sheppard, the project combines contemporary residential design with approximately 80,000 square feet of amenities and a location less than one mile from Palm Beach Island.
As of August 2026, Olara is approximately 64% sold, with blended pricing of approximately $1,800 per square foot and HOA fees of $1.13 per interior square foot. The project is currently scheduled for delivery in 2028.
A significant financial distinction is its purchase structure. Olara currently carries no developer fee and no branding fee, compared with the 1.75% developer fee referenced as a common benchmark in the project brief. On a hypothetical $4 million purchase, 1.75% would equal $70,000, making this a material consideration when comparing total acquisition costs across new developments.
The developer also releases inventory by floors in stages rather than making every residence available simultaneously. When a buyer has a preference for a particular floor, Ivan & Mike can work through the sales process to encourage specific residences to become available.
INTERIOR FEATURES
- 2 to 4-bedroom residences plus den
- 10-foot finished ceiling heights
- Approximately 9’6″ ceiling drops in areas accommodating recessed lighting and HVAC lines
Advertised square footage should also be reviewed against actual usable space before contract. According to the project guidance provided by Ivan & Mike, buyers can expect a discrepancy of roughly 10% depending on the developer because advertised square footage generally reflects the full floor plate without deducting drywall and columns. Ivan & Mike review the actual floor-plan numbers with buyers before
Interiors by Gabellini Sheppard
Service elevator access is available within the development.
OUTDOOR & TERRACE FEATURES
- Private five-slip resident dock
- Operable waterfront deck
- House boat
- Two floating docks
Olara’s five-slip dock is a resident amenity. The slips are not deeded or individually licensed for purchase. Buyers requiring permanent private berthing should therefore evaluate nearby marina options rather than assuming a residence includes a dedicated boat slip. Ivan & Mike can connect buyers with marinas in the surrounding area when permanent berthing is a purchase requirement.
BUILDING INFORMATION
Development: Olara
Location: West Palm Beach, Florida
Stories: 26
Total Residences: 275
Residence Configuration: 2–4 Bedrooms + Den
Interior Design: Gabellini Sheppard
Estimated Delivery: 2028
Sales Status: Approximately 64% sold as of August 2026
Olara is a pre-construction residential development positioned within West Palm Beach’s evolving luxury market and less than one mile from Palm Beach Island. Its scale combines 275 private residences with approximately 80,000 square feet of amenity space and a significant hospitality and dining component.
AMENITIES & LIFESTYLE
- Approximately 80,000 SqFt of amenities
- 12 guest suites
- Approximately 30,000 SqFt celebrity-chef restaurant and epicurean marketplace
Private five-slip resident dock
Operable deck
House boat
Two floating docks
Each residence includes two side-by-side EV-capable parking spaces.
SECURITY FEATURES
Specific security systems and access-control specifications were not provided in the Olara information supplied for this landing.
Rather than assume features that have not been confirmed, current security specifications should be verified with the sales gallery before purchase. This follows the project brief’s explicit requirement that unconfirmed building information be identified rather than inferred.
VIEWS & POSITIONING
- West Palm Beach waterfront positioning
- Less than one mile from Palm Beach Island
- Private resident dock access
- 26-story residential configuration
- Staged floor releases allowing buyers to evaluate different vertical positions as inventory becomes available
ADDITIONAL NOTES
- Approximately $1,800/SqFt blended pricing as of August 2026
- $1.13/SqFt interior HOA as of August 2026
- 30% contract / 10% top-off / 60% closing deposit structure
- No developer fee
- No branding fee
- Approximately 64% sold as of August 2026
- Estimated 2028 delivery
- 2 side-by-side EV-capable parking spaces per residence
- LEED Gold and WELL Gold projected
- Boat slips are amenities and are not deeded or licensed individually
Area & Lot
Status
For Sale
Type
Residential
Neighborhood
Virgin Gorda
INQUIRE & PRIVATE SHOWINGS
For additional information or to schedule a private showing, please contact:
Ivan Chorney | +1 305.222.7977
Michael Martirena | +1 305.702.1035
Red Rock Villa Images
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INVESTMENT & MARKET POSITIONING
Olara represents a significant pre-construction opportunity within West Palm Beach based on several measurable characteristics: approximately $1,800/SqFt blended pricing, $1.13/SqFt HOA, 64% sold and a scheduled 2028 delivery, all figures verified in the supplied project information as of August 2026.
Its 0% developer fee and 0% branding fee are particularly relevant when evaluating the actual acquisition cost. On a representative $4 million purchase, avoiding a 1.75% developer fee represents approximately $70,000 that would otherwise be added to the transaction.
The deposit structure also affects capital planning. On that same hypothetical $4 million residence, the current schedule would represent approximately $1.2 million at contract, $400,000 at top-off and $2.4 million at closing.
LOCATION & SURROUNDINGS
Located in West Palm Beach, Olara is positioned less than one mile from Palm Beach Island, giving residents proximity to one of South Florida’s established luxury residential and lifestyle markets while remaining within the rapidly developing West Palm Beach corridor.
Its positioning makes the development relevant for buyers evaluating Palm Beach-area new construction while seeking a contemporary condominium format, substantial amenity infrastructure and waterfront access.
The project’s approximately 30,000-square-foot restaurant and epicurean marketplace also adds a hospitality and dining component directly to the residential environment.
Olara Images
