Palm Beach Condos – Condo Conversion – IN FORECLOSURE – This seven story building with 94 luxury units rests between the intercostals and the Atlantic Ocean in Palm Beach.. With a resort-style pool and private beach access and a liberal short-term lease options, this is a rare property type in distress. The units range from studios to three BR units and have sizes from 517 sq ft to 1,596 sq ft. Rents range from $850 to $2,000 a month (long-term), or $1.25 to $1.64 per sq ft. Only 29 of the units closed, leaving 65 available. The bank filed foreclosure on May 5, 2009.