25 Oct Banyan Tree Residences West Palm Beach Condos: Prices, Construction Status and Sources (2026)

Banyan Tree Residences West Palm Beach Condos: Prices, Construction Status and Sources (2026)

Banyan Tree Residences West Palm Beach is a planned condominium at 400 Hibiscus St in West Palm Beach by Mast Capital and Curated JCZM Development, with Banyan Group, with 88 residences and current asking prices of $1.72 million to $7.23 million. It is Banyan Group’s first residential project in the United States: a 25-story tower designed by OMA at Hibiscus Street and South Dixie Highway, a block east of Rosemary Square and about two blocks from the Intracoastal. Every residence is a corner home with a wraparound terrace.

Everything on this page comes from public records, news reports or the developers’ own announcements, and each fact is credited in the Sources section below. This is a new or planned building, so details can change; confirm them with the developer or sales team before you rely on them.

At a Glance

Prices and Current Listings

Asking prices for residences at Banyan Tree Residences West Palm Beach as of October 2026 ran from $1.72 million to $7.23 million, depending on floor, view, size and renovation. Prices started at $1.9 million at the March 2026 sales launch.

Construction Status

Sales launched in March 2026 with prices from $1.9 million, and Florida YIMBY reported that the city’s Downtown Action Committee approved the project unanimously on August 12, 2026. No groundbreaking or completion date had been published as of October 25, 2026.

What Public Records and News Reports Say

• The developers’ March 2026 launch release described 88 corner residences of one to four bedrooms plus penthouses, a full-floor wellness program with a spa and hammam, a resort pool, an open-air cinema and fitness and Pilates studios. Enea Landscape Architecture is the landscape architect.
• Florida YIMBY reported in August 2026 that the tower would have 25 stories and that the Downtown Action Committee approved it unanimously on August 12, 2026.
• A Palm Beach County Property Appraiser search of 400 Hibiscus St on October 25, 2026 showed no residential condominium units on the tax roll yet. Units usually appear after the condominium is recorded and the county’s next update.

Inspections and Reserves for a New Building

West Palm Beach follows Florida’s statewide milestone inspection law, which applies to condominium buildings three or more stories tall: the first inspection is due by December 31 of the year the building reaches 30 years from its certificate of occupancy, then every 10 years. Florida also requires the developer to obtain a structural integrity reserve study before turning the association over to owners, so ask for it.

What Buyers Should Ask For

• The milestone inspection summary, if the building has had a milestone inspection (ask for any Phase 2 report too)
• The most recent structural integrity reserve study, or a statement that none has been completed
• The annual budget and financial statement, plus the reserve balance and any special assessments
• Board minutes from the past year, for planned repairs

For a resale, Florida law (section 718.503(2)) entitles the buyer, at the seller’s expense, to the declaration, articles, bylaws and rules, annual financial statement and budget, Q&A sheet, milestone inspection summary (if applicable), the most recent SIRS or a statement that none exists, and any turnover inspection report. Unless the buyer received them more than 7 days before signing, the buyer may cancel within 7 days (excluding weekends and legal holidays) after signing and receiving them, until closing. A buyer purchasing from the developer has 15 days (section 718.503(1)). Board minutes, reserve balances and special-assessment details are not on the statutory list; request them separately. Read our complete guide to Florida condo milestone inspections and SIRS.

Full list: see our Florida condo due diligence checklist, with every document to get before you sign and the Florida statute behind each one.

Frequently Asked Questions

How much does a residence at Banyan Tree Residences West Palm Beach cost?

Listed residences are priced $1.72 million to $7.23 million as of October 2026. Prices started at $1.9 million at the March 2026 sales launch.

When will Banyan Tree Residences West Palm Beach be finished?

No completion date had been published as of October 25, 2026.

Where exactly is Banyan Tree Residences West Palm Beach?

Banyan Tree Residences West Palm Beach is planned for 400 Hibiscus St, at the southeast corner of Hibiscus Street and South Dixie Highway in downtown West Palm Beach. It is not on the water.

More New Construction in West Palm Beach

• Every West Palm Beach condo building with residences from $1 million
• The Berkeley
• Mr. C Residences West Palm Beach
• Edgeworth
• South Flagler House
• Maison d’Or
• The Ritz-Carlton Residences, West Palm Beach

More West Palm Beach and Palm Beach Condos

• The Bristol, West Palm Beach
• Forté on Flagler, West Palm Beach
• West Palm Beach, FL guide
• Palm Beach oceanfront condos
• Florida condo milestone inspection and SIRS guide (2026)

Sources

• Developers’ sales-launch release, March 29, 2026 (88 residences, design team, starting price, amenities): source
• Florida YIMBY, August 19, 2026 (25 stories, Downtown Action Committee approval): source
• Douglas Elliman building page (location, website): source
• Asking prices: active, pending and under-contract MLS listings shown on floridasearch.com, checked October 25, 2026
• Tax roll: Palm Beach County Property Appraiser (pbcpao.gov) search, checked October 25, 2026

Last updated October 24, 2026. Building details come from county property records, public listings and government sources and are deemed reliable but not guaranteed. Prices are asking prices or estimates as of the date shown. Not legal, financial or engineering advice. Full disclaimer