Placido Mar is a 26-story, 144-unit waterfront condominium tower at 5200 N Flagler Drive on the Intracoastal Waterway in West Palm Beach, completed in 1976, with views toward Palm Beach Island and the Atlantic. Units include spacious 1- and 2-bedroom layouts up to about 1,450 square feet. Amenities include a heated saltwater pool, tennis and pickleball courts, a fishing pier, and a boat dock. Recent resale prices have ranged from roughly $370,000 to $710,000, with monthly fees over $1,500 covering full-service maintenance, insurance, and utilities.
This building is in our statewide file. When you order, we run a fresh scan across 14 risk categories — inspections, assessments, structural condition, litigation, insurance and more. Your report shows what public records revealed, and just as important, what they couldn't — so you know exactly what to verify before you make an offer. Delivered within 24 hours.
Get the full Intelligence Report — $9.99Publicly reported association fees at Placido Mar are approximately $1,530-$1,533/mo, covering common area maintenance, grounds, building maintenance, roof, pool, security, insurance, water, trash, sewer, pest control, cable/internet, parking. Buyers should verify the current fee schedule for the specific unit with the association.
Recent listings at Placido Mar range around $369,900-$710,000, with about 13 units actively for sale as of the last research date.
Placido Mar was built in approximately 1976 and rises 26 floors with 144 units.
Florida condominiums of this age are subject to milestone inspection and structural reserve requirements. Our Intelligence Report covers what official city and county records show for this building, and what remains for a buyer to verify with the association.
When you buy into a condo building that's 15 or more years old — anywhere in the US — you should expect by default that an assessment, or several, is in effect or on the way: roof repairs, elevator replacement, repaving, facade work. Buildings age on a schedule, and the bill lands on the owners: often hundreds of dollars a month on top of your mortgage, HOA fee, taxes, and insurance. The unit listing rarely mentions any of it.
In Florida, the stakes for older buildings are higher still. Since the 2021 Surfside tragedy, state law requires milestone structural inspections at 30 years (25 in some coastal areas), Structural Integrity Reserve Studies, and — critically — bars associations from waiving reserve funding for structural components, ending decades of artificially low fees. Add the state's insurance surge, and many older buildings carry obligations that never appear in a listing. None of this makes an older building a bad purchase — but the difference between a well-run 1970s tower and a struggling one can be tens of thousands of dollars per unit. That's the question our building intelligence answers.
Nearby in West Palm Beach: Portofino North · Seminole Colony · Portofino South · Rapallo South · Dover at Century Village · All West Palm Beach condos