Homes.com
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October 14, 2026
West Palm Beach waterfront home near Mar-a-Lago trades for $13 million
Estate in SoSo neighborhood changes hands for 21% more than it sold for last year
Key takeaways:
The waterfront home at 5501 S. Flagler Drive in West Palm Beach's South End neighborhood, across from President Trump's Mar-a-Lago estate, sold for $13 million, a 21% increase from its $10.75 million sale just 17 months earlier.
The five-bedroom, 5,000-square-foot estate features 100 feet along the Intracoastal Waterway, a guest house, elevator, putting green, spa, gated driveway and a new 60,000-pound boat lift that can hold a 53-foot boat.
The previous owners bought the property for about $3.3 million in 2020, invested $2.5 million in renovations, and sold it for $10.75 million in May 2025 before this latest sale, in an area where waterfront listings remain scarce.
A South Florida waterfront home across from President Donald Trump's Mar-a-Lago estate traded last week for $13 million — a 21% bump from just 17 months ago.
The five-bedroom residence at 5501 S. Flagler Drive is the fifth most expensive sale over the past year in West Palm Beach's South End neighborhood, Homes.com data shows.
Well-to-do buyers from other states with higher taxes and restrictive business policies are migrating to Miami-Dade County, driving up luxury home prices. Palm Beach County also is attracting wealth from people who want a slower pace of life than what Miami-Dade offers, industry observers say..
In addition to Mar-a-Lago in Palm Beach, the Flagler Drive property with 100 feet along the Intracoastal Waterway overlooks a famed stretch of mansions called Billionaires' Row.
Robert T. Novick and Laura M. Balda bought the home from Gary Osier, public records show. Douglas Elliman's Samantha Curry was the listing agent in the Oct. 5 sale, while Christian Angle of Christian Angle Real Estate represented the buyers.
Curry and husband John Michael Collins previously owned the 5,000-square-foot home. In May 2025, they sold it to Osier for $10.75 million and reached a separate deal for $750,000 in furnishings. Osier is founder of Gary Osier Presents, an entertainment booking agency that counts the Beach Boys and comedian Jerry Seinfeld as clients.
Waterfront listings scarce
Curry noted the home is only a few minutes from the President Donald J. Trump International Airport, downtown West Palm Beach and the island of Palm Beach and its famed shopping district, Worth Avenue.
"It just shows you how valuable that area is," she said in an interview. "There's not that much waterfront available. It's a very family friendly neighborhood that's holding its value."
Curry and Collins paid nearly $3.3 million in 2020, records show. Curry said they spent $2.5 million on renovations, including new floors, a kitchen and bathrooms. They also built a waterfront bar and lounge in part of the living room.
The home has a dock and new 60,000-pound boat lift that can accommodate up to a 53-foot vessel and two oversized Jet Skis, according to marketing materials. The property also has a guest house, elevator, putting green, spa and a gated driveway.
Locals refer to the South End neighborhood as SoSo because of its location south of Southern Boulevard.
The SoSo district encompasses an area along Flagler Drive west to South Dixie Highway from Southern Boulevard to the canal that separates West Palm Beach from Lake Worth Beach. The south end of West Palm Beach, near downtown, features renovated, ranch-style homes, some built in the 1950s. The neighborhood's median single-family sale price is about $3 million, according to Homes.com.
Hilary Musser, a real estate entrepreneur and reality TV star, has listed a newly constructed waterfront home at 6315 S. Flagler Drive in SoSo for $42.5 million. That's by far the priciest listing in the neighborhood, Homes.com data shows.