Elwa Place Homes for Sale

Elwa Place is a residential community in West Palm Beach, Florida.

Pure Equity Realty covers Elwa Place and the West Palm Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Elwa Place West Palm Beach homes for sale as of October 2026. The median asking price is $7.75M. Asking prices run from $3.0M to $12.5M.

That is 2320% above the West Palm Beach median of $320,000. On a per-foot basis, homes here ask about $1,320 per square foot, compared with $248 across West Palm Beach. So the median price buys roughly 5,850 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 12 days on the market. That is faster than the West Palm Beach average of 119 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Elwa Place date from 2026, so they are about 0 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Here is what the median Elwa Place price means in Florida closing terms. At $7.75M, a 20% down payment comes to about $1.55M, leaving a loan near $6.2M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $21,686. Next, the intangible tax of 0.2% adds about $12,392. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Elwa Place median, that is about $54,215.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Elwa Place listings show assignments to South Olive (elementary), Conniston Community (middle) and Forest Hill (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.