'Everybody is loopy' for West Palm Beach, which has seen its luxury market skyrocket as buyers from out-of-state and even Palm Beach flock to now-popular nabes like El Cid and SoSo
The South Florida city is shedding its reputation as Palm Beach’s little brother, as luxury prices skyrocket and homes trade for much more than they did just a few years agoJames Jackman for The Wall Street JournalSix years ago, Michael and Roberta Joseph spent about $8.5 million to build a modern house on the water in Palm Beach, Fla. But Mr. Joseph, 62, was intrigued by the homes he saw across the Intracoastal Waterway in West Palm Beach.
“I’d say to my wife, ‘Someday people will wake up and say, ‘Frankly, the view is better from West Palm,’ ” said Mr. Joseph, who is president of the real-estate development company Clover Group. “It’s on the water, and it’s way more convenient.”
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