Alba Palm Beach: The Boutique Waterfront Tower Anchoring West Palm’s “Billionaire’s Corridor”
Alba Palm Beach is the boutique counterpoint to West Palm Beach’s tower race: 55 condominiums and four waterfront townhomes across 22 stories at 4714 N Flagler Drive, developed by Miami’s BGI Companies, designed by Spina O’Rourke + Partners and built by Suffolk — now in closings, with final residences remaining and a record $10.66 million townhome sale already on the books (PROFILEmiami, February 2025). Local press has dubbed its stretch of North Flagler the first stop on West Palm’s “Billionaire’s Corridor” (Boca Raton Tribune, June 2026).
What does Alba cost, and what remains?
Pricing starts at $2.5 million, with the published range reaching $10.7 million and the closed townhome at $10.66 million setting the project record; residences run 1,745 to just over 4,500 square feet (CondoWPB and project records, August 2026). Availability is down to final residences with closings underway (CondoWPB, August 2026); Douglas Elliman’s sales team quotes the exact remaining homes on request.
How does 59-home boutique scale change the economics?
Fewer doors mean each owner carries more of the building — but Alba concentrated its program into a 25,500-square-foot, six-floor amenity deck (two pools, fitness center, theater, simulator rooms, conference space, private docks) rather than a hotel operation, keeping service scope, and therefore fee scope, deliberately narrower than the branded towers. The trade: privacy and proportionality against the branded towers’ staff depth.
Which residences face the water?
The tower sits directly on the Intracoastal north of downtown; east-facing lines look across to the barrier island. The four townhomes anchor the waterline itself — which is why one commanded $10.66 million (PROFILEmiami, February 2025).
How does Alba compare to South Flagler House and Olara?
| (Aug 2026) | Alba | Olara | South Flagler House |
|---|---|---|---|
| Residences | 55 + 4 TH | 275 | ~105 |
| From-price | $2.5M | ~$2M | $3.5M |
| Status | Closings underway | Q4 2026–2028 | 2027 |
| Scale | Boutique | Corridor’s largest | Two 28-story towers |
| Developer | BGI | Savanna | Related |
Source: CondoWPB directory, sales galleries — August 2026. Alba is the only one of the three a buyer can close in today. For the alternatives, see Olara and South Flagler House.
What is the delivery status?
Construction financing of $82 million from Trez Capital funded the build (developer press); the building has moved into closings with final residences remaining (CondoWPB, August 2026) — making Alba West Palm Beach’s live test of what finished North Flagler product is worth.
Who is Alba right for?
The privacy-first waterfront buyer who wants finished product now: fewer neighbors, direct Intracoastal frontage, docks, and a sub-$3M entry into a corridor where branded neighbors start at $3M-plus for 2027–2031 delivery. Browse the full South Florida new development index for comparables.