An opportunity to buy a piece of history doesn't come around often. That's why the condominium conversion of the famed 1926 Brazilian Court hotel— the former stamping ground of such Hollywood royalty as Cary Grant and Greta Garbo—has sent Palm Beach into a buying frenzy. The landmarked property's 80 tropical apartments have been upgraded with limestone baths, custom mahogany cabinetry, and Provence-style wood shutters. The only substantial deficit is a proper kitchen (though each residence has a wet bar), but there's no need to waste time with pots and pans when Café Boulud is in the house. The Daniel Boulud-run restaurant (his first venture outside New York City) has a casual menu that can be ordered through room service as well. Frédéric Fekkai is also raising property values with his third salon and spa, set to open this month. Should residents need to spend time away from their pads by the beach, they can easily list them with the in-house rental agent—which might help recoup the cost of shopping sprees on Worth Avenue, just around the corner. Brazilian Court, 301 Australian Ave., Palm Beach; 800/552-0335 or 561/655-7740;; from $425,000 to $2,300,000; nightly rentals from $500 (high season).
—Tom Austin