223 Sunset Ave - office in Palm Beach, FL
Office

223 Sunset Ave

223 sunset ave, palm beach, FL 33480

Price

Price on request

Price/Sq Ft

$35.00

Description

Located in the Heart of Palm Beach Island 223 Sunset Avenue in Palm Beach is ideally situated in the heart of Palm Beach, just one block north of Royal Poinciana Way and the Flagler Memorial Bridge. The recent redevelopment of this 21,607 RSF building features two floors of Class A office space, a destination restaurant, and covered parking. In winter 2019/2020, the property was expanded to offer more ground level office space. In addition, aesthetic upgrades, significant lobby and common area improvements, and substantial landscape enhancements were completed. Particularly noteworthy is the opening of long-time favorite Palm Beach restaurant Trevini on the first floor, which features an outdoor, covered dining area. Significant revitalization of the immediate area is further enhancing the desirability of this location. 223 Sunset Avenue is located directly across the street from Via Flagler at the Breakers, a new mixed-use development including private residences and destination shopping. The new luxury boutique hotel, White Elephant Palm Beach, is just steps away.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

223 sunset ave, palm beach, FL 33480

Marker
Leaflet © OpenStreetMap contributors

Unified Estimate

Low Confidence
$474.27/SF-$641.65/SF
Mid: $557.96/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

Market report quarterly trend fallback

Very Low Confidence

Modeled Rate Estimate

$286.34 – $368.14/SF/yr

Estimator modeled rate · mid $327.24

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.5%
Avg Weekly Wage:$1,474

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population1,533,806
Median Income$84k↑ 12%
College Educated35.1%
Median Age45.3 yrs
Median Home Value$447k
Unemployment5.5%↑ 1.9pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Sold Comps

Q3 2025
Median $/SF$818
Avg $/SF$812
25th–75th Percentile$424 – $1155
Sample Size32 transactions
CountyPalm Beach

Sold median $818/SF is 2853.2% above asking avg $28/SF

Source: florida_dor · County FIPS: 12099

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in palm beach, FL

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