Olara
Flagler Drive Waterfront · Arquitectonica · Gabellini Sheppard
Olara on North Flagler Drive
Olara is an under-construction waterfront residential development by Savanna along West Palm Beach's North Flagler Drive. The official project site identifies Arquitectonica as architect and Gabellini Sheppard as interior designer.
The development is planned around more than 80,000 square feet of wellness and leisure amenities, a private marina and signature dining by José Andrés Group. Availability, pricing, deposits and delivery should be confirmed from current developer materials before relying on them.
Olara at a Glance
1919 North Flagler Drive, West Palm Beach, FL 33407
Savanna
Arquitectonica
Condominium
North Flagler Drive
Why Buyers Choose Olara
Direct waterfront setting
North Flagler Drive positioning with broad Intracoastal and Palm Beach Island views.
Design team
Arquitectonica architecture paired with Gabellini Sheppard interiors.
Amenity depth
A large wellness, leisure, marina and dining program within one residential development.
How to evaluate Olara
Olara stands out for its large amenity program, marina component and integrated dining concept. The most important diligence items are the current construction milestone, precise delivery guidance and a dated inventory and deposit schedule.
About Olara
Olara West Palm Beach
Olara brings a resort-oriented residential program to the Intracoastal waterfront on North Flagler Drive. Savanna is the developer, Arquitectonica is the architect and Gabellini Sheppard designed the interiors. The official plan combines private residences with a marina, extensive wellness and leisure amenities, and dining by José Andrés Group.
Construction and buyer due diligence
The official project press archive reports vertical construction beginning in December 2025. Buyers should confirm the latest physical milestone, anticipated delivery, deposit structure and unit availability using current developer documents. Manhattan Miami can request those materials and compare Olara with nearby waterfront developments.
Explore Palm Beach new developments, ALBA Palm Beach, and Shorecrest. Primary sources: official Olara site and official development team.
World-Class Amenities
Waterfront
- Private marina
- Intracoastal setting
- Expansive private terraces
Wellness & Leisure
- Lap and leisure pools
- Spa and fitness spaces
- Indoor-outdoor resident amenities
Dining
- Signature dining by José Andrés Group
- Resident social and entertaining spaces
The Visionaries
Savanna
Developer
Arquitectonica
Architecture
Gabellini Sheppard
Interior Design
North Flagler Drive
An Intracoastal waterfront address north of downtown West Palm Beach, across the water from Palm Beach Island.
Frequently Asked Questions
Where is Olara?
Olara is being developed at 1919 North Flagler Drive in West Palm Beach, along the Intracoastal waterfront.
Who is developing and designing Olara?
Olara is sponsored by a Savanna affiliate, with architecture by Arquitectonica and interiors by Gabellini Sheppard, according to the official project site.
Is Olara under construction?
Yes. The official project press archive reports that vertical construction commenced in December 2025, and the project site continues to publish construction updates.
Are current prices and availability shown here?
No. Inventory, pricing, deposits and delivery timing change and should be confirmed against a dated developer availability sheet.
Private Availability at Olara
For current availability, pricing history, floor plans, and off-market opportunities at Olara, request a confidential review with our advisory team.
1919 North Flagler Drive, West Palm Beach, FL 33407
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.