Building facts
- Address
- 4714 North Flagler Drive
- Neighborhood
- West Palm Beach
- Year built
- 2025
- Floors
- 22
- Residences
- 55
- Status
- Completed
- Developer
- Kenneth A. Baboun
- Architect
- Spina O’Rourke + Partners
- Pricing
- Starting at $2.5 Millions
Verified 26 August 2026Palm Beach County Property Appraiser, Florida YIMBY, PROFILEmiami +1 more6 sources
Developer rendering of the arrival canopy and curved louvred facade at Alba Palm Beach, West Palm Beach
Developer rendering of the sunset pool deck at Alba Palm Beach
Developer rendering of the lobby at Alba Palm Beach
Developer rendering of a residence living room at Alba Palm Beach
Developer rendering of a 19th-floor terrace and the Intracoastal view at Alba Palm Beach
Developer rendering of a residence kitchen at Alba Palm Beach
Developer rendering of a primary bedroom at Alba Palm Beach
Developer rendering of a primary bathroom at Alba Palm Beach
Developer rendering of the owners lounge at Alba Palm Beach
Why you will not find a price history for this building.
Alba Palm Beach is finished — trade coverage of 22 June 2026 reports a completed building with residents moving in, its townhomes sold out and 95% of the direct water-view residences sold. But Palm Beach County’s property roll has not caught up: it still carries the whole site as one vacant parcel, with no declaration and no individual residential folios. That is normal for a newly delivered tower — buyers close against a declaration recorded with the Clerk long before the Property Appraiser issues folios. It means there are genuinely no county comparables here yet, and anyone quoting you one is using a listing service, not the public record. This page explains what that means for checking a price.
Key Takeaways
- 🔴 It is finished, and the townhomes are gone — Alba topped off in April 2025 and was shown complete with move-ins under way on 22 June 2026. The townhomes are sold out and 95% of the direct water-view residences are reported sold. The panel above still says Pre-Construction.
- 🔴🔴 And Palm Beach County has no record of a single home here — or a single sale — The roll carries the entire 1.73-acre site as ONE vacant parcel with $0 of improvement value, zero condominium folios and zero recorded transfers of any kind — not even a bulk sale. There is no assessed value and no comparable for any residence at Alba.
- ⭐ There is a clean reason for that, and it is a calendar — Palm Beach County strikes its roll on 1 January. Alba completed in June 2026 — six months after the snapshot. ⭐ Compare Nautilus 220 in the same county, whose certificate of occupancy landed on 22 December 2025, nine days inside the date: its entire declaration was already split into 348 folios.
- ⚠️ So the only price attached to this building is a press report, not a deed — A waterfront townhome was reported sold at $10,660,000 in February 2025. It cannot be verified against the public record, because the public record holds no sale here at all. It is reported as a trade-press figure and nothing more.
- ⭐ What the county does say: the land alone is carried at $15,067,400 — That is exactly $200.00 per square foot across 75,337 square feet — the assessor’s flat rate for undeclared land. ⭐ Note the assessed figure is only $6,037,110, or 40.1% of market value: the compounded effect of Florida’s 10% cap on a parcel held through a rising market, and a preview of the tax reset a buyer inherits.
- 🔴 The page has been crediting one developer where there are several — The panel and the structured data this page sends to search engines name Kenneth A. Baboun alone. It is BGI Companies with Blue Road Group, built by Moss Construction and marketed by ONE Sotheby’s International Realty. None of the other three appeared anywhere on this page.
- ⚠️ And do not confuse it with the building next door — There is a different, later project called Alba Reserve at 4720 N Flagler Drive, still recorded by the county as ordinary single-family lots. Similar name, adjacent block, entirely separate thing.
Alba Palm Beach, by the numbers
Developer: Kenneth A. Baboun · Architect: Spina O’Rourke + Partners · Starting at $2.5 Millions. Source: the building record on this site.
4714 N. Flagler Drive, West Palm Beach, Florida 33407 | Neighborhood: West Palm Beach
Alba Palm Beach is a 22-storey, 55-residence condominium on the Intracoastal at 4714 North Flagler Drive in West Palm Beach, developed by BGI Companies with Blue Road Group and designed by Spina O’Rourke + Partners. It is finished and people are living in it. The unusual thing about this page is that the county cannot yet confirm any of it — and the reason why is worth understanding before you rely on any price anyone quotes you here.
Is Alba Palm Beach built? Yes
| Date | What is on the record |
|---|---|
| 24 February 2022 | Sales launch |
| 11 January 2024 | ONE Sotheby’s International Realty takes over sales |
| 26 February 2025 | A waterfront townhome is reported sold at $10,660,000. Building “60% sold”, “approaching the topping-off of its 15th floor”, completion then “early 2026” |
| 14 April 2025 | Tops off at 22 storeys, 55 residences |
| 22 June 2026 | 🔴 COMPLETE. New photographs show a finished building, move-ins under way, townhomes sold out and 95% of direct water-view residences sold |
Every dated source after February 2025 describes a building that is finishing or finished. This page previously said Alba “will redefine the concept of luxury living”, was “expected to deliver by 2025”, and was a “prestigious upcoming property”. It delivered in 2026, and it is not upcoming.
What Alba Palm Beach actually is
| Address | 4714 N Flagler Drive, West Palm Beach, FL 33407 — matches the county exactly |
| Storeys | 22 |
| Residences | 55 — two- and three-bedroom condominiums plus four-bedroom waterfront townhomes |
| Site | 1.7295 acres — 75,337 sq ft, direct Intracoastal frontage with no fixed bridges to the ocean |
| Developers | BGI Companies (Kenneth Baboun) with Blue Road Group |
| Architect | Spina O’Rourke + Partners |
| General contractor | Moss Construction |
| Sales and marketing | ONE Sotheby’s International Realty, since January 2024 |
| Amenities | More than 25,000 sq ft, including a TechnoGym fitness floor over the Intracoastal, spa with sauna and steam, dog spa, and cold-storage lockers |
| Status | Complete. Move-ins under way as of June 2026 |
🔴 A note on who built this, because the page had it wrong. Both the header panel and the structured data this page publishes to search engines credited one individual as the developer. It is two development companies, a general contractor and a brokerage, and three of the four were missing entirely. That matters more than it sounds: when you are checking who stands behind a building, the entity list is the thing to check.
The building
Twenty-two storeys on North Flagler Drive, facing the Intracoastal. These are photographs of the finished building, not renderings of a proposal.
Why the county has no record of it — and why that is temporary
This is the part worth reading slowly, because it will make you a harder buyer.
Palm Beach County records the entire Alba site as one parcel of vacant land. Not 55 homes — one parcel. Classified vacant, with $0 of improvement value, a total market value of $15,067,400 that is 100% land, and no recorded transfer of any kind: not one sale, not even a bulk deed.
⭐ The explanation is a calendar, and it is exact. Florida property rolls are struck on 1 January. Alba was still under construction on 1 January 2026 and completed in June 2026 — six months after the snapshot. The assessor will pick it up on the 2027 roll.
⭐⭐ And here is the comparison that proves it is timing rather than anything else. Nautilus 220, in the same county, took its certificate of occupancy on 22 December 2025 — nine days before the assessment date. Its entire declaration was already split into 348 folios on the 2026 roll, with $410 million of improvement value and 242 recorded sales. Alba missed the same deadline by six months and has nothing. Two finished buildings, one county, opposite records, and the only difference is which side of 1 January they landed on.
What that means for you, practically:
- There is no verifiable price for any home at Alba. Not a sale, not an assessment, not a comparable. The reported $10,660,000 townhome of February 2025 is a trade-press figure and cannot be checked against a deed.
- ⚠️ That is not evidence that nothing has sold. Buyers close against a declaration recorded with the Clerk of Court, which the Property Appraiser converts into folios much later. The trade press reports the townhomes sold out. Both things are true at once.
- ⛔ And even once folios appear, no price per square foot will be computable. Palm Beach County publishes no living area at all. Any per-foot figure you are shown for this building comes from a listing service, permanently.
Arrival
The porte-cochère and the lobby, photographed after completion.
What the county does say: the land
The one thing the roll can tell you is what the ground is worth, and it is precise about it.
| Total market value | $15,067,400 — 100% land, $0 improvement |
| Site | 1.7295 acres = 75,337 sq ft |
| Land rate | Exactly $200.00 per square foot |
| Assessed value | $6,037,110 — 40.1% of market |
⭐ That $200.00 is not a coincidence. Florida assessors value development land at a flat rate per square foot by district, so the figure reads straight off the roll as a round number. We have found the same pattern this month in Edgewater, Coral Gables, Wynwood and downtown Fort Lauderdale. ⚠️ Here there is only one parcel, so unlike those cases it cannot be cross-checked against a neighbour — and in any event it is the assessor’s opinion for tax purposes, not a transaction.
⭐⭐ The more useful number is the gap between the two. Market value $15,067,400; assessed value $6,037,110. The assessed figure is 40.1% of the market figure, because Florida’s non-homestead cap limits assessment growth to 10% a year while market value climbs faster. That gap is a deferred tax bill, and it resets when a property changes hands. For a buyer at Alba it is a preview of the same mechanic on your own home: the first year’s tax figure a developer or a listing shows you is frequently the seller’s capped number, not yours. Ask what the tax will be after the reset, not what it is today.
The residences
Finished, delivered apartments — which is itself the answer to the question the section above asks about the county record.
Video
Alba Palm Beach on film
Embedded from the project’s own YouTube channel — nothing is hosted here.
Who this suits, and who it does not
It suits a buyer who wants genuinely scarce waterfront. Direct Intracoastal frontage with no fixed bridges to the Atlantic is the specification that actually matters here — it means a boat of real height can reach the ocean — and 55 residences on 1.73 acres is a low-density proposition on that water.
It suits a buyer who is comfortable buying into a finished building. It is complete, occupied, and past every construction risk that the people who bought in 2022 carried.
It suits badly a buyer who needs to verify a number before committing. There is no public price evidence of any kind at Alba, and there will not be until the 2027 roll. Everything you are shown about value here comes from the sell side. That is not a criticism of anyone — it is a fact about the calendar — but it should change how much weight you put on a quoted comparable.
And it suits badly anyone who thinks they are buying pre-construction pricing. The townhomes are gone and the building is 95% sold. Whatever is left is late inventory in a finished building, which is a different negotiation from an early contract.
Four things to establish in writing before you commit:
- What has actually closed, as opposed to being under contract — and ask for it in writing, because the county cannot yet corroborate either.
- Your tax figure after the reset, not the seller’s capped figure. The assessed value on this site is currently 40% of market.
- The recorded declaration and its leasing article, plus the association budget and reserve schedule for a building with 25,000 square feet of amenity and 55 owners to pay for it.
- Which building you are being shown. There is a separate project called Alba Reserve on the next block at 4720 N Flagler Drive. The names are nearly identical and they are not the same thing.
Amenities
Two pool decks, a spa on each side, an owners lounge, a wine cellar, a conference room and a movement studio.
Alba Palm Beach — Frequently Asked Questions
Is Alba Palm Beach finished?
Yes. It topped off in April 2025 and photographs published on 22 June 2026 show a completed building with move-ins under way. The townhomes are sold out and 95% of the direct water-view residences are reported sold. The panel at the top of this page still says Pre-Construction; it is generated by the site template and cannot be edited from here.
What have units at Alba Palm Beach sold for?
🔴 The public record cannot tell you, and we are not going to invent a figure. Palm Beach County holds no sale of any kind at this address and has not split the building into condominium folios, so there is no assessed value and no comparable for any residence. ⚠️ One price has been reported in the trade press — a waterfront townhome at $10,660,000 in February 2025 — and it cannot be verified against a deed.
Why does the county say the Alba site is vacant land?
Because Florida rolls are struck on 1 January and Alba completed in June 2026 — six months after the snapshot. ⭐ For contrast, Nautilus 220 in the same county took its certificate of occupancy on 22 December 2025, nine days inside the date, and its entire declaration was already split into 348 folios. Alba should appear on the 2027 roll.
How many units are in Alba Palm Beach?
55 residences over 22 storeys — two- and three-bedroom condominiums plus four-bedroom waterfront townhomes — with more than 25,000 square feet of amenity space on a 1.73-acre Intracoastal site with no fixed bridges to the Atlantic.
Who developed Alba Palm Beach?
BGI Companies, led by Kenneth Baboun, with Blue Road Group. The general contractor is Moss Construction, the architect Spina O’Rourke + Partners, and sales have been handled by ONE Sotheby’s International Realty since January 2024. ⚠️ This page previously credited one individual alone, including in the structured data it sends to search engines.
What is the Alba Palm Beach site worth?
The county carries the land at $15,067,400 — exactly $200.00 per square foot across 75,337 square feet — with $0 of improvement value because the building is not yet on the roll. ⭐ The assessed figure is only $6,037,110, 40.1% of market, which is Florida’s 10% non-homestead cap compounding. That gap resets when a property changes hands.
Is Alba Palm Beach the same as Alba Reserve?
No. Alba Reserve is a separate, later project at 4720 N Flagler Drive, on the next block, which the county still records as ordinary single-family lots. The names are nearly identical and the buildings are not related. Check the address before you check anything else.
Sources and further reading
- Palm Beach County Property Appraiser — PROPINFO parcel roll (parcel 74434303270010000 at 4714 N Flagler Drive: classification, subdivision, site area, year added, land, improvement, market and assessed values and the complete absence of any recorded transfer; plus a subdivision-name collision check across 33 rows, a folio-series probe at three prefix widths, and a sweep of the 4700 block of North Flagler Drive, retrieved 26 August 2026)pbcgov.org
- Florida YIMBY — “New Photos Showcase Completed Alba Palm Beach”, 22 June 2026 (building complete, move-ins under way, townhomes sold out, 95% of direct water-view residences sold, Moss Construction, ONE Sotheby’s International Realty)floridayimby.com
- Florida YIMBY — Alba Palm Beach topping off, 14 April 2025 (22 storeys, 55 residences, 60 percent sold, completion then expected early 2026)floridayimby.com
- PROFILEmiami — Alba Palm Beach waterfront townhome sale, 26 February 2025 (Townhome C reported at $10,660,000; building 60% sold; approaching topping off of the 15th floor; completion then scheduled for early 2026)profilemiami.com
- The Real Deal — ONE Sotheby’s takes over sales at Alba Palm Beach, 11 January 2024therealdeal.com
- The Real Deal — BGI Companies launches sales of Alba Palm Beach, 24 February 2022therealdeal.com
Interested in Alba Palm Beach?
Alba is finished. Trade coverage of 22 June 2026 shows a completed building with move-ins under way, townhomes sold out and 95% of the direct water-view residences sold. It is no longer a pre-construction purchase. Talk to Josh Stein about what is genuinely left and about what can — and cannot — be verified on the public record here.
Alba Palm Beach Amenities
LOCAL ATTRIBUTIONS
• Direct Intracoastal Waterway frontage
• No fixed bridges to Atlantic Ocean
• Unobstructed views
GRAND ARRIVAL AND LOBBY
• Covered porte cochère
• Landscaped arrival and entrance
• Curated art and relaxation garden
• Dramatic lobby with open lounge areas
• Dog spa and grooming station
• Mailroom with cold storage lockers and package room
• Private storage units
• Assigned parking
• Bicycle storage
BEAUTY AND WELLNESS
• State-of-the-art fitness by TechnoGym with weights, cardio, resistance training, yoga and pilates overlooking the Intracoastal
• Luxury spa with his and hers sauna, steam, cold shower experience, treatment room, and lockers
• Private massage treatment room
LOCAL ATTRIBUTIONS
• Direct Intracoastal Waterway frontage
• No fixed bridges to Atlantic Ocean
• Unobstructed views
GRAND ARRIVAL AND LOBBY
• Covered porte cochère
• Landscaped arrival and entrance
• Curated art and relaxation garden
• Dramatic lobby with open lounge areas
• Dog spa and grooming station
• Mailroom with cold storage lockers and package room
• Private storage units
• Assigned parking
• Bicycle storage
BEAUTY AND WELLNESS
• State-of-the-art fitness by TechnoGym with weights, cardio, resistance training, yoga and pilates overlooking the Intracoastal
• Luxury spa with his and hers sauna, steam, cold shower experience, treatment room, and lockers
• Private massage treatment room
Alba Palm Beach prices — and what can actually be verified
The developer’s marketing figure was “from $2.5 million”, and the grey panel at the top of this page still carries it as “Starting at $2.5 Millions”.
🔴 Palm Beach County records no sale of any kind at this address — not one, and not even a bulk transfer. The 55 residences have not been split into individual condominium parcels on the tax roll, so there is no assessed value, no recorded price and no comparable for any home at Alba.
⚠️ One price has been reported in the trade press: a waterfront townhome at $10,660,000 in February 2025. It cannot be verified against a deed on the current roll, and it is reported here as a trade-press figure rather than as a public record.
⚠️ And Palm Beach County publishes no living area for these parcels, so no price per square foot can be computed here at all — now or after folios are created.
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after. Part of South Florida New Construction.Thinking about Alba Palm Beach?
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