Prospect Park South Homes for Sale

Prospect Park South is a luxury community in West Palm Beach, Palm Beach County, Florida. Properties are priced from $3,400,000 to $10,900,000. Pure Equity lists homes in Prospect Park South and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Prospect Park South 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 10 Prospect Park South West Palm Beach homes for sale as of October 2026. The median asking price is $4.79M. Asking prices run from $1.45M to $33.5M.

That is 1420% above the West Palm Beach median of $315,000. On a per-foot basis, homes here ask about $1,504 per square foot, compared with $245 across West Palm Beach. So the median price buys roughly 3,200 square feet of living area.

Listings here have averaged 179 days on the market. That is slower than the West Palm Beach average of 118 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Prospect Park South date from 1920 to 1931. That puts them between 95 and 106 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

At a median near $4.79M, Prospect Park South sits in the luxury tier of West Palm Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Prospect Park South have a median asking rent of $24,975 per month, across 2 active rental listings. For comparison, the West Palm Beach median is $2,250, so rents here run 1010% higher.

You can browse current West Palm Beach rentals or ask us for a rent estimate on a specific Prospect Park South home.

Here is what the median Prospect Park South price means in Florida closing terms. At $4.79M, a 20% down payment comes to about $959,000, leaving a loan near $3.84M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $13,426. Next, the intangible tax of 0.2% adds about $7,672. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Prospect Park South median, that is about $33,565.

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 Prospect Park South listings show assignments to Palm Beach Public (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.