New homes & pre-construction in West Palm Beach

Buying pre-construction here usually starts with registration, which puts you in line for first access when a developer releases units in phases. After you select a unit, you sign a purchase agreement and pay a deposit that is typically structured in installments tied to construction milestones rather than paid all at once. You complete the purchase at closing, which happens closer to delivery of the finished building.

The key buyer-protection rule to know in Florida applies to new condos: under FS 718.503, a buyer of a new condominium has a 15-day rescission period, meaning you can cancel the contract within 15 days of signing (or of receiving the required condo documents, whichever is later). This rescission right applies to condos specifically — which covers the large majority of the active projects in West Palm Beach. Confirm the exact terms and timing with your own review of the developer's documents.

Pre-construction condos let a buyer put down a staged deposit and control a specific unit through the construction period, rather than paying the full price upfront. That structure is why some buyers look at pre-construction in the first place — you commit early and complete the purchase closer to delivery. In a condo-dominant market like West Palm Beach, where 11 of 12 active projects are condos, it's worth paying attention to how much comparable inventory is coming online at the same time, since supply and absorption pace affect how a unit resells or leases.

Before committing, evaluate the specific building and its developer track record (names here include Related Ross, Kolter Urban, Terra, Great Gulf and BH Group), the deposit schedule and what each installment funds, projected occupancy and closing timelines, HOA/condo fees, and local rental demand for the home type you're buying. Treat any figure as something to verify in the purchase documents rather than a promise about future value.