Published by Peter Zalewski
1/9/2024 
5:22:53 PM Project Description:
Olara is the latest pre-construction opportunity along the North Flagler waterfront in West Palm Beach. This exclusive development features 275 two- to four-bedroom plus den residences ranging from 1,460 to over 5,000 square feet, including a limited collection of penthouse residences. The pre-construction pricing will start from $2M, and the current projected completion is the fourth quarter of 2026.
Olara is a luxury waterfront residential oasis in the Palm Beaches, boasting expansive views of the Intracoastal, Palm Beach, and the Atlantic Ocean. Surrounded by an expansive suite of resort-inspired amenities, this development is the newest and most exclusive building on the Intracoastal, with proximity to the world-class shopping and dining Palm Beach offers.
The residences at Olara are a haven for effortless living, featuring superbly crafted two- to four-bedroom plus den layouts with exquisitely designed indoor and outdoor spaces overlooking the water. Soaring floor-to-ceiling windows create light and airy living spaces bathed in sunshine, while taking in sweeping Intracoastal, Atlantic Ocean, and city views. Interiors by Gabellini Sheppard reflect an effortless, yet elegant harmony of elements. Every detail is refreshing, designed for your comfort, well-being and peace of mind.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Olara West Palm Beach |
| ADDRESS | 1919 N Flagler Drive West Palm Beach, FL 33407 |
| SUBMARKET | Downtown West Palm Beach |
| COUNTY | Palm Beach |
| WATERFRONT PROJECT | Yes |
| TYPE OF WATERFRONT? | Intracoastal |
| NUMBER OF TOWERS | 3 |
| TOTAL FLOORS (BY ELEVATOR) | 26 |
| TOTAL RESIDENTIAL UNITS | 275 |
| BED RANGE | 2 to 4 plus den |
| RANGE OF SQUARE FEET | 1,460 To Over 4,000 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | $ 2 Million |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | TBD |
| TURNKEY READY | |
| PROPERTY AMENITIES |
Olara has everything we need and more to keep the mind, body, and soul aligned. We find our strength in 13,000 square feet of indoor and outdoor fitness spaces, and we restore in a five-star regeneration spa with a Japanese-style Onsen, sauna, and steam and treatment rooms. |
| WATER VIEWS | Yes |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | TBD |
| RENTAL TIMES PER YEAR | |
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| UNIT FINANCING AVAILABLE | |
| RECOMMENDED LENDERS | |
| PROJECT STATUS | Approved |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | |
| SCHEDULED COMPLETION DATE | 2026 |
| YEAR COMPLETED | |
| DEVELOPER | Savanna |
| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | Bernardo Fort-Brescia |
| ARCHITECTURAL FIRM | Arquitectonica |
| GENERAL CONTRACTOR | |
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| MINIMUM PRICE PER DOOR | |
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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