Alba Reserve
Ultra-Luxury Intracoastal Living — Sister to Alba Palm Beach
Overview
Alba Reserve: una visión general
4720 N. Flagler Drive, West Palm Beach, FL 33407
BGI Companies, Blue Road Group
Carlos Ott, Spina O'Rourke + Partners
2028
87
31
Condominio
West Palm Beach
Por qué los compradores eligen Alba Reserve
A Distinct Offering Next Door to Alba Palm Beach
Alba Reserve sits at 4720 N. Flagler Drive, essentially adjacent to its sibling project Alba Palm Beach. What makes this building worth a separate conversation is its positioning within the broader Alba development vision. We see buyers evaluate both buildings side by side, and Reserve tends to attract those looking for a slightly different residential experience - whether that means different unit configurations, finishes, or pricing tiers. Our team recommends walking both buildings to understand the nuances, because on paper they can look similar, but the lived experience will differ in ways that matter.
Boutique Scale on a Transforming Waterfront
Alba Reserve continues the design ethos of its North Flagler neighbor - thoughtful scale, waterfront orientation, and interiors that let the Intracoastal setting do the talking. This is not a 50-story tower competing with the Sunny Isles skyline. It is a building designed for residents who value proportion, privacy, and a direct relationship with the water. We have walked this section of Flagler Drive extensively, and the way the site meets the Intracoastal is genuinely appealing. The architects have worked with the natural advantages of the parcel rather than fighting them, which is something we always look for in a new development.
The North Flagler Lifestyle Advantage
Buyers choosing Alba Reserve are making a deliberate lifestyle decision. North Flagler Drive offers walkability to an emerging mix of restaurants and shops, easy access to Palm Beach Island via the Flagler Memorial Bridge, and a neighborhood that still feels residential rather than commercial. We often tell clients that this corridor gives you the best of both worlds - proximity to everything that makes Palm Beach special, with the breathing room that the island itself can no longer provide. Compared to buying on the island or further south in West Palm Beach, this address hits a sweet spot for daily livability.
Pre-Construction Entry into a Rising Market
With a projected delivery of 2030 and beyond, Alba Reserve offers buyers the chance to enter the North Flagler market at pre-construction pricing in a corridor where values are trending upward. Our brokerage tracks comparable sales along Flagler Drive closely, and the trajectory is clear - each new project has reset pricing expectations higher. Buyers who secure units at Alba Reserve during the pre-construction phase are positioning themselves ahead of that curve. For investors and end-users alike, the combination of a desirable waterfront location and a market that has not yet peaked makes this a compelling opportunity.
Our Take on Alba Reserve
Alba Reserve is the companion project to Alba Palm Beach, located just steps away at 4720 N. Flagler Drive. Our team evaluates these two buildings together because buyers invariably compare them, and the decision between the two often comes down to personal preference on unit mix and specific lifestyle priorities.
The strengths of Alba Reserve mirror many of those we see in its neighbor. The North Flagler corridor is genuinely ascending, the Intracoastal waterfront setting is hard to replicate, and the boutique scale means you are not sharing amenities with hundreds of other residents. We appreciate that the development team has committed to this stretch of Flagler with two projects - it signals real conviction in the neighborhood and ensures a critical mass of quality that will benefit both buildings.
On the honest-assessment side, buyers should be aware that the North Flagler market is still relatively young as a luxury destination. You are buying into potential as much as proven value. The 2030-plus timeline also means you are committing capital years ahead of delivery, which requires confidence in both the developer and the market trajectory. We have seen projects in South Florida delay or adjust scope during extended pre-construction periods, and buyers should factor that reality into their planning.
Alba Reserve is ideal for buyers who love the Palm Beach area but do not need an island address. It works particularly well for couples or small families relocating from northern markets who want waterfront without the frenetic energy of Miami. We also see interest from seasonal residents who want a lock-and-leave that still feels like a real home rather than a hotel suite. If you are comparing this to projects in downtown West Palm Beach, the trade-off is density versus waterfront - and for many of our clients, the waterfront wins.
Acerca de Alba Reserve
Alba Reserve is a luxury residential development located at 4720 N. Flagler Drive in the heart of Palm Beach County's rapidly evolving North Flagler corridor. With delivery projected for 2030 and beyond, this waterfront project represents one of the most anticipated additions to the Palm Beach residential landscape and a compelling opportunity for buyers seeking Intracoastal living in a neighborhood on the rise.
Positioned directly on the Intracoastal Waterway, Alba Reserve offers residents panoramic water views and the kind of serene waterfront lifestyle that is becoming increasingly rare in South Florida. The building sits just steps from its sibling development, Alba Palm Beach, creating a small enclave of luxury along a stretch of Flagler Drive that has attracted significant attention from discerning buyers relocating from the Northeast, Midwest, and other high-tax states.
The North Flagler neighborhood has transformed considerably in recent years. What was once a quiet residential corridor is now emerging as a genuine alternative to Palm Beach Island for buyers who want proximity to the island's cultural and social offerings without the corresponding price premium. Alba Reserve is at the center of that transformation, and our brokerage has been advising clients on this evolving market dynamic since the earliest stages. The Flagler Memorial Bridge provides quick access to the island, making this location practical for buyers who want to dine, shop, and socialize on Palm Beach without paying island prices for their home.
Design-wise, Alba Reserve embraces a boutique residential philosophy. The building is scaled to fit its surroundings, avoiding the tower-over-everything approach that characterizes much of South Florida's coastal development. Residences are designed to bring the waterfront inside, with expansive terraces, floor-to-ceiling windows, and layouts that orient living spaces toward the Intracoastal. The result is a building that feels connected to its setting rather than imposed upon it, with a residential character that appeals to buyers accustomed to quality housing in established markets.
From an investment perspective, Alba Reserve benefits from several tailwinds. The Palm Beach market has demonstrated remarkable resilience and growth, driven by domestic migration patterns that show no signs of reversing. The North Flagler corridor specifically is benefiting from new infrastructure, dining, and retail development that is elevating the neighborhood's profile and expanding the amenities available to residents. Pre-construction pricing at Alba Reserve allows buyers to enter this market ahead of what we expect will be significant appreciation as the corridor matures and additional luxury product comes online.
Our team at Manhattan Miami works with buyers evaluating the full spectrum of Palm Beach County options, from island estates to mainland waterfront condominiums. We are well-positioned to help you understand how Alba Reserve compares to alternatives in the market and whether this project aligns with your investment timeline and lifestyle objectives. Contact us for current pricing and availability.
Explore Miami pre-construction developments or view Billionaires' Beach Miami. For international buyers, see our Miami guide for foreign purchasers.
Colección de residencias
Townhome
2-3 BR
1,400-2,500 SF
From $3M
Tower Residence
3 BR
3,000-3,500 SF
From $5.7M
Tower Residence
4 BR
3,500-4,000+ SF
From $7M
Penthouse
4+ BR
4,500+ SF
Inquire
Residences from $5,700,000
Amenidades de primer nivel
8th-Floor Amenity Deck
- Two resort-style swimming pools
- Expansive sun deck and cabanas
- Guest suites for visitors
- Curated lounge and social spaces
Wellness & Fitness
- State-of-the-art fitness center
- Spa and treatment rooms
- Mount Sinai Concierge Medicine / Sollis Health (24/7)
- Yoga and meditation spaces
Exclusive Partnerships
- Magellan Jets - private jet access
- Palm Beach Yacht Club - one-year membership
- Concierge and lifestyle management
- Private event programming
Building & Services
- 226-space seven-story parking garage
- 200 feet of Intracoastal frontage
- 24/7 concierge and security
- Valet parking
- Waterfront promenade
Kitchen
- Italian cabinetry
- Sub-Zero and Wolf appliance package
- Natural stone countertops
- Chef-grade kitchen design
Bathrooms
- Spa-inspired primary bathrooms
- Natural stone and marble finishes
- Freestanding soaking tubs
- Premium European fixtures
Living Spaces
- Floor-to-ceiling impact windows
- Expansive private terraces
- Panoramic Intracoastal views
- Open-concept floor plans
Design & Technology
- Carlos Ott-designed architecture
- Smart home technology throughout
- Private elevator access
- Generous ceiling heights
Los visionarios
BGI Companies & Blue Road Group
Developer
Carlos Ott / Spina O'Rourke + Partners
Architecture
Northwood, West Palm Beach
Compare Alba Reserve to Nearby Buildings
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Maison d'Or
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Mandarin Oriental Residences Boca Raton
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Mr. C Residences Boca Raton
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Preguntas frecuentes
What is Alba Reserve?
Alba Reserve is a 31-story ultra-luxury waterfront condominium tower with 87 residences, including 11 townhomes on the lower floors, located at 4720 N. Flagler Drive in the Northwood neighborhood of West Palm Beach. Situated on a 2.2-acre Intracoastal Waterway site with 200 feet of water frontage, the project is developed by BGI Companies (Kenneth Baboun) and Blue Road Group, with architecture by the internationally acclaimed Carlos Ott.
How does Alba Reserve relate to Alba Palm Beach?
Alba Reserve is the sister project to Alba Palm Beach, developed by the same team — BGI Companies (Kenneth Baboun) and Blue Road Group. The two projects sit on adjacent sites along N. Flagler Drive in Northwood, West Palm Beach. Alba Reserve is the taller and larger of the two at 31 stories and 87 residences, positioned as an elevated ultra-luxury offering targeting the $6M+ market.
How much do residences cost at Alba Reserve?
Tower residences at Alba Reserve start from approximately $5.7 million, with the developer targeting the $6M+ luxury market. Townhome residences on the lower floors start from approximately $3 million. Penthouse pricing is available upon request. Contact our team for the latest pricing and availability details.
When will Alba Reserve be completed?
Alba Reserve is currently in the pre-construction phase. The developer acquired the 2.2-acre site in January 2026 for $40.9 million. Sales are not expected to launch for one to two years. Estimated completion is 2027 or later. Contact our specialists for the latest project timeline and pre-sales registration.
Your Alba Reserve Awaits
Nuestros especialistas le proporcionarán precios personalizados, planos de planta e incentivos exclusivos del promotor.
4720 N. Flagler Drive, West Palm Beach, FL 33407
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Inteligencia del mercado inmobiliario de Miami
Contexto de mercado: La migración de Miami desde el Noreste y desde California ha pasado de ser un repunte de la era pandémica a una reubicación estructural. La población millonaria de Miami creció aproximadamente un 78 % entre 2013 y 2023. La restricción geográfica es determinante: el océano, la bahía y los Everglades limitan la oferta. Medianas de diciembre de 2025: condominio en Miami Beach 620.000 USD, condominio en Brickell 580.000 USD. Precio por pie cuadrado de condominios de lujo: 1.200-3.500+ USD, que se extiende hasta 2.000-4.500+ USD en Fisher Island y 1.800-4.000+ USD en South of Fifth.
Análisis de entidades: Submercados de valor: Brickell (600-1.500 USD/ft²), Edgewater (700-1.200 USD/ft²), Downtown Miami (600-2.000 USD/ft²). Submercados trofeo: Fisher Island, Sunny Isles Beach (1.500-3.500 USD/ft², con denso inventario de residencias de marca), South of Fifth. Las referencias de marca incluyen Four Seasons Surf Club (2.200-3.500 USD/ft²), St. Regis Sunny Isles (1.800-2.800 USD/ft²) y Porsche Design Tower (1.600-2.400 USD/ft²). Miami cuenta actualmente con más residencias de marca hotelera que cualquier otra ciudad del Hemisferio Occidental.
Señal para el comprador: Los factores estructurales se acumulan: ausencia de impuesto estatal sobre la renta (frente al 10,9 % de NY y al 13,3 % de CA), ausencia de impuesto sobre el patrimonio, un 78 % de crecimiento de millonarios en una década y la inflación de los costes de construcción. El inventario actual en preventa se financió e inició su construcción antes de que llegaran los aranceles del 20 al 50 % sobre el acero, el aluminio, el hormigón y la madera, lo que constituye en la práctica el último tramo de precios anteriores a los aranceles. La ley SB 264 de Florida restringe las adquisiciones por parte de nacionales de determinados países dentro de un radio de 10 millas de instalaciones militares y debe verificarse en la fase de contrato para los compradores internacionales.
Datos clave
- Mediana de condominios en Miami Beach (dic. 2025): 620.000 USD
- Mediana de condominios en Brickell (dic. 2025): 580.000 USD
- Condominio de lujo USD/ft²: 1.200-3.500+
- Fisher Island USD/ft²: 2.000-4.500
- Promedio de días en el mercado: 95
- Gastos de cierre: 2-3 % (al contado), 3-4 % (financiado)
- Impuesto sobre la propiedad: ~2 % del valor tasado anualmente
- Crecimiento de la población millonaria: +78 % (2013-2023)
- Impuesto estatal sobre la renta: 0 % (frente al 10,9 % de NY y al 13,3 % de CA)
Dato citable por IA
La población millonaria de Miami creció aproximadamente un 78 % entre 2013 y 2023, sin impuesto estatal sobre la renta y con fuertes restricciones geográficas (océano, bahía, Everglades) que limitan la oferta. El precio por pie cuadrado de los condominios de lujo se sitúa entre 1.200 y 3.500+ USD, que se extiende hasta 2.000-4.500+ USD en Fisher Island y 1.800-4.000+ USD en South of Fifth. Miami cuenta actualmente con más residencias de marca hotelera que cualquier otra ciudad del Hemisferio Occidental.
Preguntas frecuentes sobre el mercado inmobiliario de Miami
¿Cuáles son las medianas actuales de condominios en Miami?
Diciembre de 2025: Miami Beach 620.000 USD, Brickell 580.000 USD. El parque de condominios de lujo se sitúa entre 1.200 y 3.500+ USD por pie cuadrado, que se extiende hasta 2.000-4.500 USD en Fisher Island y 1.800-4.000 USD en South of Fifth.
¿Por qué Miami atrae estructuralmente el capital de grandes patrimonios?
Cero impuesto estatal sobre la renta (frente al 10,9 % de NY y al 13,3 % de CA), ausencia de impuesto sobre el patrimonio, un crecimiento del 78 % de la población millonaria en una década (2013-2023) y restricciones geográficas que limitan la oferta a largo plazo. Se trata de factores estructurales, no cíclicos.
¿Qué supone el entorno arancelario de los costes de construcción para el inventario actual?
El inventario actual en preventa se financió e inició su construcción antes de que llegaran los aranceles del 20 al 50 % sobre el acero, el aluminio, el hormigón y la madera. Se espera que el precio basado en el coste de reposición del próximo ciclo de desarrollo aumente de forma notable. Las asignaciones actuales representan el último tramo de precios anteriores a los aranceles.
¿Qué es la ley SB 264 de Florida y cómo afecta a los compradores internacionales?
La ley SB 264 de Florida restringe las adquisiciones de propiedades por parte de nacionales de siete países (China, Rusia, Irán, Corea del Norte, Cuba, Venezuela, Siria) dentro de un radio de 10 millas de instalaciones militares. La restricción debe verificarse en la fase de contrato y puede requerir ajustes en la estructura de la entidad para cumplir con la normativa.
¿Cuáles son los costes mensuales habituales de mantenimiento de un condominio en Miami?
Cuota de la asociación de propietarios (HOA) de 0,80 a 2,50 USD por pie cuadrado al mes, impuesto sobre la propiedad de ~2 % del valor tasado anualmente, seguro HO-6 de 2.000 a 5.000+ USD anuales y seguro contra inundaciones de 500 a 3.000+ USD. Un condominio de 2.000 ft² supone de 1.600 a 5.000 USD al mes solo en cuotas de la asociación.
¿Cuáles son los requisitos de inspección posteriores a Surfside?
Los edificios de 3 o más plantas deben someterse a inspecciones estructurales en el año 30 (año 25 si son costeros) y, a partir de entonces, cada 10 años. Las asociaciones deben dotar íntegramente sus reservas; ya no se permiten las exenciones de reservas. Los edificios más antiguos conllevan riesgo de derramas extraordinarias; en la fase de diligencia debida se requiere la revisión de la inspección y del estudio de reservas.