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Water Glades Singer Island Condo Market Snapshot

Wondering whether Water Glades is a buyer’s opportunity, a seller’s test, or a little of both? If you own in the community or are thinking about buying there, the right answer depends on more than the building name alone. This snapshot breaks down current inventory, recent pricing patterns, and the details that are shaping value in Water Glades right now, so you can make a more confident move. Let’s dive in.

Water Glades at a Glance

Water Glades is a three-tower oceanfront condo community on the northern tip of Singer Island in Riviera Beach. The property spans 11 acres next to MacArthur Beach State Park and includes private beach access, two pools, tennis, shuffleboard, a fitness center, a clubhouse, and 24/7 security.

The community includes Tower 100 at 5540 N Ocean Dr, Tower 200 at 5550 N Ocean Dr, and Tower 300 at 5510 N Ocean Dr. The official community site describes just four homes per floor, with wrap-around balconies and both Atlantic and Intracoastal views, which helps explain why view line and tower position matter so much here.

Current Water Glades Inventory

At the time of this snapshot, Compass shows 26 active Water Glades condo listings across the three towers. That is enough inventory to give buyers options, but it also creates meaningful competition for sellers.

Here is how the active inventory breaks down by address:

Tower Address Active Listings Average Active Price Average Price Per Sq. Ft. Current Ask Range
5510 N Ocean Dr 10 About $1,111,900 About $772/sf $690,000 to $1,550,000
5540 N Ocean Dr 5 About $1,116,380 About $765/sf $769,000 to $1,599,000
5550 N Ocean Dr 11 About $1,152,636 About $804/sf $829,000 to $1,680,000

Most active listings are 2-bedroom, 2-bath units around 1,435 square feet. Still, larger floor plans in the 1,566- to 1,580-square-foot range, along with at least one smaller 1,186-square-foot layout, help widen the price spread.

What the Numbers Suggest

On the surface, the averages across the three towers are fairly close. Still, the highest average price per square foot currently sits in 5550 N Ocean Dr, while 5540 N Ocean Dr shows the lowest average price per square foot among active listings.

That does not mean one tower is simply “better” than another. In Water Glades, pricing is heavily shaped by the specific unit, especially the stack, elevation, exposure, and renovation level. Two condos with similar square footage can have very different market positions depending on those factors.

Recent Closings Show a Clear Pattern

Recent sales in Water Glades point to a market that responds well to realistic pricing and strong presentation. Across a small sample of recent closings, the average final list-to-sale ratio was about 94.7%.

That is an important signal for both buyers and sellers. It suggests that many deals are still happening with negotiation, but well-positioned and well-finished units can hold value more effectively than overpriced listings.

A few recent examples help illustrate the pattern:

  • 5510 N Ocean Dr Unit 22C closed on May 1, 2025 for $875,000, matching its list price. The unit was described as direct oceanfront with ocean and Intracoastal views.
  • 5550 N Ocean Dr Unit 7D closed on May 14, 2025 for $735,000 after being listed at $800,000 and later $799,999, or about 92% of final ask.
  • 5550 N Ocean Dr Unit 12B closed on June 2, 2025 for $871,500 after a much higher original ask of $1.6 million and a later list of $925,000. That was about 94% of final ask, but only about 54% of the original ask.
  • 5510 N Ocean Dr Unit 4A closed on March 17, 2026 for $1,360,000 after listing at $1,450,000, or about 94% of ask. The listing highlighted a complete redesign and direct Atlantic views.
  • 5550 N Ocean Dr Unit 22A closed on March 23, 2026 for $725,000 after listing at $775,000, also about 94% of ask. It was positioned as a ready-to-finish opportunity.

Why Some Water Glades Units Sell Higher

Views and stack matter

In Water Glades, view corridor is one of the biggest pricing drivers. A-stack units are repeatedly marketed for unobstructed Atlantic and Intracoastal views from wide wrap-around balconies, and direct oceanfront or higher-floor units often command stronger pricing.

That means buyers should not compare units by square footage alone. A similar floor plan can perform very differently depending on whether it offers direct ocean exposure, southeast exposure, park views, or a broader water panorama.

Renovation level matters too

Condition is another major piece of the pricing puzzle. Recent closings show that fully redesigned or transformed units can achieve materially higher prices than original-condition or partially completed residences with similar square footage.

For you as a buyer, that means a lower-priced listing may come with renovation costs and time. For you as a seller, it means updated kitchens, baths, flooring, impact glass, and true move-in-ready presentation can support a stronger asking strategy.

What This Means for Buyers

If you are shopping Water Glades, this market gives you room to compare options carefully. The current inventory level means you can look beyond the first available listing and focus on the combination of tower, stack, floor, view, and condition that best fits your goals.

It is also wise to keep negotiation in mind. Redfin’s March 2026 market panel for ZIP code 33404 labeled the area a buyer’s market, with a 93.0% sale-to-list ratio and an average of 94 days on market. That broader context does not erase premium value in standout units, but it does support a more measured, analytical approach.

A smart buyer checklist for Water Glades includes:

  • Compare price per square foot within the same tower when possible
  • Review the stack and exposure, not just the floor plan
  • Factor in the cost of updates if the unit is not move-in ready
  • Watch for listings with a history of price reductions
  • Verify community rules directly with management before making assumptions

One rule worth checking carefully is the pet policy. The official Water Glades FAQ says only Tower 200 allows pets, and only under 10 pounds, while some third-party building pages still state no pets are allowed. If pets matter to your purchase, direct confirmation is essential.

What This Means for Sellers

If you are thinking about selling in Water Glades, pricing discipline matters. Recent sales show that buyers will pay for strong views, better finishes, and well-prepared listings, but they are not rewarding aspirational pricing without support.

That is especially clear in listings that started high and had to come down significantly before finding a buyer. In this community, your strongest strategy is to position your condo against the right tower, stack, view line, and condition tier, rather than relying on a broad building average.

For sellers, the priorities are straightforward:

  • Price against true comparable units, not just any Water Glades sale
  • Highlight view orientation, floor height, and balcony exposure
  • Present upgrades clearly, especially if the residence is fully renovated
  • Be prepared for buyer negotiation in the current market
  • Launch with a realistic number to avoid a long series of reductions

In a market like this, polished presentation and accurate pricing often work together. A strong unit can still sell near ask, but only when the pricing story makes sense from day one.

The Bottom Line on Water Glades

Water Glades remains one of Singer Island’s most distinctive oceanfront condo communities, and buyers continue to pay attention to its location, views, amenities, and floor plans. At the same time, today’s market is showing clear price sensitivity.

If you are buying, this is a market where careful comparison can pay off. If you are selling, this is a market where building-level expertise and precise positioning matter. The details inside Water Glades are driving outcomes, and those details can materially affect your next decision.

If you want help evaluating a specific Water Glades condo, pricing a unit for sale, or comparing active opportunities by tower and stack, Kathy Lewellen offers the kind of building-level Singer Island guidance that can help you move with clarity.

FAQs

What is the current inventory in Water Glades on Singer Island?

  • Water Glades currently has 26 active condo listings across 5510 N Ocean Dr, 5540 N Ocean Dr, and 5550 N Ocean Dr, based on the research provided.

What price range are Water Glades condos asking right now?

  • Current asking prices in Water Glades range from $690,000 to $1,680,000, depending on the tower, floor plan, views, and condition.

What is the average list-to-sale ratio for recent Water Glades condo sales?

  • Recent closings in the sample provided averaged about 94.7% of final list price, showing that realistic pricing is important in this market.

What affects condo pricing in Water Glades the most?

  • The biggest pricing factors are view corridor, stack, tower position, floor height, and renovation level, with updated and well-located units typically commanding stronger prices.

Are pets allowed in Water Glades on Singer Island?

  • The official Water Glades FAQ says only Tower 200 allows pets under 10 pounds, but buyers should verify the current rule directly with management because third-party sources may differ.

Is Water Glades currently a buyer’s market or a seller’s market?

  • The broader ZIP code 33404 market was labeled a buyer’s market in March 2026 by Redfin, with a 93.0% sale-to-list ratio and 94 average days on market, though standout Water Glades units can still perform well.

Work With Kathy

Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact her today.