What’s It Like Living in Ocean Terraces?

When people talk about Delray Beach’s most exclusive addresses, Ocean Terraces on Palm Trail always comes up. With only six luxury townhomes built in 2011, this boutique community offers privacy, sophistication, and direct access to everything that makes East Delray so special.

The residences here are four stories tall and range between 5,000–6,500 square feet. Each features architectural details that feel like art—marble and wood flooring, granite and onyx staircases, soaring foyers, wood cabinetry, and elegant French doors. Homes also include walk-in closets, granite countertops, and private entries, giving them the feel of an estate within a townhouse footprint.

For me, Ocean Terraces represents the sweet spot: you get the spaciousness of a single-family home but the peace of mind of a well-managed townhome community. It’s rare, refined, and intimate.

Real Estate Trends & Market Snapshot 

The Current Market 

Because there are only six residences, listings are extremely rare. In fact, no homes closed here in the past six months. Right now, there’s just one active listing priced at $3.795M, which aligns perfectly with the North Palm Trail luxury submarket, where median listing prices hover around $3.2M.

Zooming out, the broader 33483 zip code has a median listing price of $1.1M, while the overall Delray Beach market shows a median sold price of $400K, 127 monthly sales, and a median 86 days on market. That tells us two things:

• Citywide, Delray is trending toward a buyer’s market.
  
  
• For boutique communities like Ocean Terraces, scarcity keeps values strong.
  
  

Simon’s Insight

“When priced right and staged correctly, Palm Trail listings still move faster than people expect. Scarcity drives urgency here, even if the citywide market is cooling.”

Amenities & HOA Benefits

Living at Ocean Terraces means more than just a beautiful home. Between the two buildings lies a private swimming pool and spa, where neighbors gather to relax. The HOA covers pool service, pest control, common-area upkeep, and building management. For busy professionals or seasonal residents, this “lock-and-leave” lifestyle is invaluable.

It’s luxury living with minimal stress—something I always highlight when showing properties here.

Restaurants Near Ocean Terraces

Cut 432 – Modern Steakhouse

A high-energy steakhouse on Atlantic Avenue known for dry-aged USDA Prime cuts and craft cocktails. Locals love the lively vibe and perfect ribeyes.
Simon’s take: “My go-to spot for client dinners—it always impresses.”

Deck 84 – Waterfront Dining

Set along the Intracoastal, Deck 84 is a casual, breezy favorite with seafood, burgers, and boat-friendly dock access.
Simon’s take: “I can’t resist their Sunday brunch by the water.”

El Camino – Mexican Soul Food

Famous for street tacos, tequila, and a buzzing atmosphere—this spot is a Delray staple.
Simon’s take: “When I want to unwind with friends, El Camino is the first place I think of.”

Parks Near Ocean Terraces

Veterans Park

A quiet waterfront green space with a playground, community events, and benches overlooking the Intracoastal.
Simon’s take: “Best spot downtown to sit back and watch the boats.”

Atlantic Dunes Park

An oceanside park with dune walkways, picnic pavilions, and lifeguards—quieter than the main beach.
Simon’s take: “Perfect for a family beach day when we want space to ourselves.”

Lake Ida West Park

A 189-acre park with lakes, trails, pavilions, and one of the best dog parks in Palm Beach County.
Simon’s take: “I bring my kids here to fish and bike—there’s room for everyone.”

Shops Near Ocean Terraces

Bolufé Boutique 

Fashion-forward boutique offering eclectic resort wear and accessories.
Simon’s take: “Bolufé is where I pick up outfits that scream South Florida style.”

Kokonuts

Swimwear and resort essentials, perfect for spontaneous beach days.
Simon’s take: “Kokonuts is my go-to for stylish gifts or vacation prep.”

Just Hearts, Inc.

Gift and décor boutique offering Brighton jewelry, artwork, and unique home accents.
Simon’s take: “The perfect place for thoughtful closing gifts.”

Schools Near Ocean Terraces

Plumosa School of the Arts Elementary

A magnet school blending core academics with arts education—dance, theater, and music.
Simon’s CTA: “To explore homes near Plumosa, call me at 561-704-0091.”

Carver Middle School

An IB World School with global perspectives, language immersion, and STEM tracks.
Simon’s CTA: “Want to be near Carver Middle? Let’s connect.”

Atlantic Community High School

Known for its IB Diploma Programme, AP classes, and 26 varsity sports teams.
Simon’s CTA: “I’ll guide you through finding the right home near Atlantic High.”

Is Ocean Terraces a Smart Investment?

Yes. While Delray Beach overall shows signs of a softening market, the scarcity of Ocean Terraces townhomes makes them highly desirable. For buyers, it means you’ll need to act quickly when one becomes available. For sellers, it means holding power—your property has built-in exclusivity.

With its proximity to Atlantic Avenue, walkability to dining and shops, and luxury finishes, Ocean Terraces balances lifestyle and value better than nearly any other boutique community in Delray Beach.

Want to know more about the communities of Delray Beach? Then visit:  

Ocean City Lofts

Mizner Preserve

Final CTA

📞 Ready to Explore Homes in Ocean Terraces?
Trust Simon Karim, your dedicated real estate expert in Delray Beach.
📞 Call: 561-704-0091
📅 Book a Free Consultation at SimonCanSell.com