The recent launch of sales for 123 Ocean, a boutique oceanfront condo development in Palm Beach Shores at the southern tip of Singer Island, highlights the ongoing appeal of luxury coastal living in South Florida. With prices ranging from $1.6 million to $8 million for its 27 exclusive residences, this project — replacing an old hotel site acquired for $13 million — underscores a broader trend of redeveloping legacy properties into high-end condos amid limited oceanfront land.
Designed by the acclaimed Arquitectonica firm, 123 Ocean's six-story curved structure is engineered to enhance light, views, and expansive terraces. Units span one to three bedrooms, with direct beach access, plus resort-style amenities like a pool, sun deck, fitness studio, and spa featuring an infrared sauna and ice bath. These features evoke the luxurious, serene vibe that draws affluent buyers seeking a refined escape.
Take a look at this example of a luxury South Florida beachfront condo pool area with breathtaking ocean views — the kind of amenity buyers can expect in new developments like 123 Ocean:
While this project spotlights the high-end market in Palm Beach County — where proximity to Palm Beach, strict building codes, and an "Old Florida" charm command premium pricing — many buyers are exploring northward along the Treasure Coast for similar oceanfront luxury with better value and a quieter pace.
Vero Beach and Hutchinson Island offer a compelling alternative. These areas provide pristine beaches, lower density, and a more relaxed lifestyle compared to the busier Singer Island/Palm Beach Shores scene. In 2025, the Vero Beach market has cooled into buyer-friendly territory, with increased inventory, longer days on market, and opportunities for negotiation — especially appealing for cash buyers who dominate the luxury segment (often over 60% of high-end deals). Median prices have moderated in many segments, yet oceanfront and barrier island properties hold strong value thanks to limited supply and demand from relocators seeking Florida's tax advantages and temperate climate.
Hutchinson Island, in particular, stands out for more affordable oceanfront condos compared to Singer Island — often significantly lower per square foot — while still delivering direct beach access, gated communities, and amenities like pools and marinas. It's ideal for those who want luxury without the intensity of Palm Beach County, with a focus on boating, fishing, and natural beauty.
The surge in South Florida condo listings — driven partly by the post-Surfside safety law requiring costly inspections and reserves in older buildings — has made newer developments like 123 Ocean especially attractive, as they sidestep those burdens. Yet for buyers eyeing long-term value and tranquility, Vero Beach and Hutchinson Island remain hidden gems: less crowded, more resilient in a shifting market, and rich in authentic coastal charm.
Whether you're drawn to the buzz of Singer Island's latest boutique project or the peaceful allure of the Treasure Coast, Florida's oceanfront market continues to evolve with options for every luxury lifestyle. If you're considering a move or investment in Vero Beach, Hutchinson Island, or nearby areas, now could be an excellent time to explore — the market favors prepared buyers ready to embrace the best of Florida living.
Click here to view Oceanfront Luxury condos in Vero Beach and on Hutchison Island
