Palm Beachers may have been rocked by the Bernard Madoff ponzi scheme scandal (More than a few islanders had losses in the eight figures) but the tony island, 65 miles north of Miami on Florida’s east coast still boasts, multi-million dollar mansions, mega yachts, world class dining, luxury upscale resorts, pristine beaches and some of the most expensive second-home real estate in the county.
The Intracoastal Waterway separates Palm Beach from the nearby cities of West Palm Beach and Lake Worth. The town of Palm Beach is generally referred to as Palm Beach Island or the island of Palm Beach to differentiate between the town and the county.
In 2007, CNN Money named Palm Beach one of the best places to live because of its blend of opportunity, culture, natural beauty, commerce and small town character.
Furthermore the area is home to several Fortune 500 Companies such as Office Depot and an ever expanding biotech industry because of organizations like Scripps Florida.
A Little History
Palm Beach is considered America’s first resort destination. At the turn of the century Henry Flager, an oil, real estate and railways tycoon built two opulent hotels to provide a tropical escape for well-heeled Northerners hoping to escape brutal winters. He made the Atlantic Coast barrier island accessible via his Florida East Coast Railway.