The Palm Beach in Cannes - a resurgence for 2023

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The Palm Beach in Cannes - a resurgence for 2023

Emblematic place in Cannes located on the Pointe de la Croisette, the Palm Beach - a building inaugurated in 1929 - was all over the world a symbol of elegance on the French Riviera, hosting numerous festivities and galas.

Enjoying a breathtaking view over the sea and the mythical Lerins Islands, the Palm Beach is ready to undergo a major transformation: the first stone of the project was laid in January 2021, and it is the firm Caprini & Pellerin Architects, supported by "Cannes Balnéaire" and the Madar Group, which will carry out this ambitious modernization project.

In 2023, Cannes will get back to one of its legendary places, offering very high standard services over more than 23,000 m2: shopping mall, conference and event hall, restaurants, swimming pool, beach, all within a modernized structure that will blend in perfectly with its surroundings.

Find out more - press release

Le Palm Beach - a sought-after area in Cannes - analysis of Côte d´Azur Sotheby’s International Realty, luxury real estate agency on the Croisette.

Cannes today:
The current Cannes market is extremely dynamic today, with a very strong demand for apartments with spacious terraces and / or private gardens, or houses with a beautiful exterior.

In the midst of an international pandemic which is changing our vision of the world on many subjects, and although the buyers are of all nationalities, the dynamic on this type of property comes mainly from French customers wishing to get a change of air by leaving their region, or wishing to acquire a pied-à-terre on the Côte d'Azur thinking about a potential lockdown.

The Palm Beach:
Sought-after area in Cannes, Le Palm Beach is located at the end of the Croisette until the beaches of Mouré Rouge.

A few steps from the seafront, amenities and downtown shops, this district is today less exposed to the glitter of Cannes, more peaceful and more family-friendly.

The Palm Beach real estate market is mainly made up of apartments, and only a privileged few still own a villa there. Requests from potential buyers relate more specifically to properties with a sea view.

A few years ago, the Palm Beach area was mostly a second home neighborhood; in recent years, an evolution has been observed and more and more workers have settled there. Thus, the Palm Beach now benefits from schools and businesses open year-round.

The profile of buyers nevertheless remains very international in this sector, the price per m2 only allowing privileged customers to afford a luxury apartment with a terrace facing the sea here.

The average price of the Palm Beach district therefore varies mainly according to the view:
- on the Croisette side, the price per m2 varies between € 15,000 and € 35,000
- regarding the Gazagnaire side, between 10,000 and 25,000 € per m2
- the Palm Beach center, which does not offer a sea view, benefits from properties ranging between 5,000 and 10,000 € per m2.

Willing to buy an apartment or a penthouse in the Palm Beach district of Cannes? Discover some of our luxury apartments for sale:

2-room apartment with private garden: € 395,000

2-room loft-type apartment: € 630,000

3-room apartment in a new residence: € 790,000

3-room apartment on a high floor - sea view: € 1,270,000

5-room apartment with roof terrace and panoramic sea view: € 1,990,000

4-room penthouse with spacious terrace: € 2,490,000

4-room apartment facing the port and the sea: € 3,500,000


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