9 Most Expensive Palm Trees and What You Can Use Them For

Palm trees are relatively cheap and available but some species are expensive. This is because of scarcity and uniqueness. It could also be because it is an endangered specie. Some expensive palm trees are pricey simply because of their elegance.

There are over 2,600 types of palm trees that have been discovered. The most popular are coconut palm trees, African oil palms, and dates. In this article, I have gathered the 9 most expensive palm trees and why how they can benefit you. Read along:

Most Expensive Palm Trees and What You Can Use Them For

• Coco de Mer
• Nearly Natural Palm Tree
• Kentia Palm
• Diamond Palm
• Renova Palm
• Bottle Palm
• Queen Palm
• Foxtail Palm
• Triangle Palm

1. Coco de Mer

Coco de Mer (scientific name – Lodoicea maldivica; Arecaecea family) is the most pricey tree among expensive palm trees. They cost between $300 to $9000

This palm tree is not easily available and is endemic to the islands of Seychelles in Africa. The two islands were Praslin and Curieuse.

Coco de Mer got its name from the belief that the nuts used to be seen floating in the ocean from its native islands carried by the ocean currents to far shores like Maldives where they spread to.

The coconut has an exceptional look, It looks like two coconuts fused. They are also called double coconuts.

Coco de Mer palm trees have fruits that weigh as much as 95 pounds and their seeds can weigh up to 40 pounds. They get up to a height of 25 to 34 meters,  leaves are about 7-10 meters in length and 4.5 meters in width. 

Coco de Mer is dioecious and male and female flowers are on different plants. The flowers are large-sized spikes that are fleshy. The seeds of Coco de Mer palm trees are the largest in the world. The female palm trees are the largest of most palms. 

2. Nearly Natural Paradise Palm

The Paradise Palm is scientifically named Howea forsteriana. It is a stunning tree native to Lord Howe Island. The cost of a natural Paradise Palm tree can vary based on factors like size, age, location of purchase, and availability.

Larger, more mature trees are more expensive due to the time and effort invested in their cultivation. The limited natural habitat and high demand for these trees also contribute to their expensive cost.

The Paradise Palm serves multiple purposes.

• It can serve as an ornament by adding a tropical touch to your home, garden, patio, and any interior.
• Additionally, Paradise Palms perform the same function as carbon sinks that other tees do. It purifies the air by absorbing carbon dioxide and releasing oxygen. This helps to regulate climate change.
• It provides shade
• It reduces temperatures.
• You can use the leaves for various applications such as thatching roofs and crafting baskets, hats, and mats. This is already done in many regions where nearly natural paradise palm exists.

Overall, the natural Paradise Palm is a tree that is highly admired for its cheery contribution to the environment and its tropical allure. It is also one of the most expensive palm trees because of its limited supply, cultivation challenges, popularity among plant enthusiasts, and its striking aesthetic contribution.

Generally, smaller growing Paradise Palm trees from 4 to 6 feet can be found in the price range of $50 to $150. However, larger and mature trees from heights of 10 to 12 feet or more, can range from $200 to $500 or even higher.

3. Kentia Palm

The Kentia Palm is a popular palm tree known for its elegance and versatility. It is a native of the South Pacific.

Smaller Kentia Palms, around 4 to 6 feet in height, can be purchased from $50 to $150. You can buy larger, more mature Kentia Palms, of 8 to 10 feet or more, from $200 to $500 or higher.

As for its uses,

• The Kentia Palm is most desired for its ornamental appeal. It is a fantastic choice for both indoor and outdoor spaces. Its graceful, arching fronds and lush green foliage add a touch of tropical beauty to any environment. Wherever it is placed – in a living room, patio, office, or garden, the Kentia Palm brings a sense of tranquility and natural elegance. It gives a notion of relaxation.
• The plant’s tolerance for shade and limited light and its ability to purify the air by acting as a carbon sink makes it a popular choice for indoor spaces. This is a healthy choice as it improves air quality and creates a healthier living or working environment.
• The Kentia Palm is also commonly used in landscaping projects, especially in tropical and subtropical regions.

One of the Kentia Palm’s admirable qualities is its ability to thrive in low-light conditions. Thus, it is ideal for indoor spaces with limited natural sunlight. In conclusion, if you want to infuse a legitimate tropical feel in your living room, you must go for Kentia Palm.

4. Diamond Palm

I recently had the pleasure of encountering the exquisite Diamond Palm during my botanical adventures. Now, let me tell you, this palm is a true gem! When it comes to cost, the Diamond Palm can be considered relatively expensive. Generally, it can range anywhere from $500 to $1500, depending on factors like size, age, vendor, and overall health.

The Diamond Palm’s expensive price can be attributed to its rarity and unique beauty. It is a rare palm species that require specialized care and conditions to thrive, making it more challenging to cultivate and maintain than some expensive palm trees.

In terms of uses, the Diamond Palm is primarily utilized for its ornamental value like many other expensive palm trees. Its striking diamond-shaped fronds make it a remarkable centerpiece in gardens, indoor spaces, or as an exquisite focal point in landscaping projects. I was fortunate enough to acquire a young Diamond Palm for $800.

5. Renova Palm

Hey, have you heard about the Renova palm? It’s a remarkable tree that I recently discovered and fell in love with. Let me tell you, it’s stunning!

Now, I have to be honest with you—the Renova palm does come with a bit of a price tag. You’re looking at around $200 to $500 for a young, healthy one, and the cost can go even higher for larger, more mature specimens.

Why is it so expensive, you ask? Well, the Renova palm is one of many slow growers, which means it takes quite some time for it to reach its full height. That means growers and nurseries have invested a lot of time and effort into cultivating these trees before they’re ready for sale. And you know what they say—time is money!

But let me tell you, the Renova palm is worth every penny. It’s graceful fronds and slender trunk make it a showstopper in any garden or indoor space. Plus, it’s so versatile! You can use it for decoration both indoors and outdoors, and it provides excellent shade and privacy. And get this—the wood can even be used for crafting furniture and other cool stuff!

All in all, if you’re willing to invest a bit, the Renova palm will bring beauty and elegance to your surroundings. Trust me, it’s worth it!

6. Bottle Palm

The Bottle Palm (Hyophorbe lagenicaulis) is a small palm tree that contributes wonderfully to any outdoor space. It is also a house plant.

This beautiful palm tree has a bottle-shaped trunk.

It can be planted for landscape as it could reach at least 30ft and could also be planted in a container as an indoor palm. One plus is that it is fairly low maintenance.

Bottle Palm trees cost between $50 to $500+.  A three-gallon bottle palm can cost between $15-45. A 10ft bottle palm can cost $200-1000+. 

They are popular for ornamental landscaping, offering a unique touch with their bottle-shaped trunks. These trees create a tropical ambiance and are often used as focal points, adding a distinct and exotic element to gardens and outdoor spaces.

7. Queen Palm

Queen Palm is more famously known as the Cocos Plumosas. The average cost of this palm is $180 per square foot trunk. The price is also dependent on the nursery it is brought from and also because it is a famous palm species. 

It grows at an average height of 36ft.

The cost of Queen Palm trees typically ranges from $100 to $500+. They are commonly used for landscaping, adding a touch of elegance and tropical beauty to gardens. Queen Palms are also suitable for creating shade in outdoor spaces.

8. Foxtail Palm

This slender palm may look soft and delicate, but it is sturdy, with the ability to withstand colder and windy climates. This one is a slow-grower so it makes a good indoor palm. A potted specimen could cost more or less than $200. 

The cost of Foxtail Palm trees (Wodyetia bifurcata) ranges from $150 to $700+. These palms are sought-after for landscaping due to their distinctive tropical appearance with unique fronds. They serve as focal points, bringing an elegant touch and a sense of tropical beauty to gardens and outdoor areas.

Their leaves are truly remarkable. They exhibit a very striking appearance, resembling a fox’s tail. This is where the palm derived its name. Its arrangement on the tree is also beautiful. The leaves are denser at the top of the tree’s trunk, forming a canopy.

9. Triangle Palm

The list of expensive palm trees cannot be complete without Triangle Palms.

These palms are a popular choice because they are fast-growing and low-maintenance. Such an excellent combo!

Its price is dependent mainly on where it is bought from. On average, you can buy triangle palms for between $200-$250.

Conclusion

Having gone through the discussion of expensive palm trees, I’m sure that your buying decision is now more informed. Or you are more equipped to continue your research. In buying a tree, you should also be aware of factors that affect plant growth.

FAQs

How much does a small houseplant palm cost?

The cost of a houseplant palm tree depends on the species you’re interested in. In general, you can expect to pay anywhere from $15 to $1000.

Do palm trees increase property value?

Trees do affect property value. The best trees to increase property value are hardy, disease-resistant trees. For palm trees, rare palm trees increase property value.

How long does it take for a palm tree to grow?

There are slow-growing palms like renova palms and fast-growing palms like coconut palms. Generally, palm trees take about 4-6 years to grow.

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