Billionaire Michael Dell’s investment in Boca Raton’s luxury real estate is attracting wealthy buyers, with roughly 40% of its condos already sold, even though the project only went public a few months ago, according to the Post.
uncertain
project → attract → Post
For a resort that opened in 1926, selling homes on its own grounds is a new kind of business.
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selling → open → business
The first homes on resort grounds
The 75 residences sit at 501 E. Camino Real.
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residences → sit → Real
They are the first homes the century-old resort has ever sold on its property, which marks a real change for a luxury resort that has mostly rented rooms by the night.
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that → sell → night
Wealthy buyers are already interested in the project, with about 40% of the units already claimed, a project representative told the outlet.
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representative → claim → outlet
The cheapest unit now lists at $8.95 million.
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unit → list → million
Larger homes with three to five bedrooms cost more than $20 million.
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homes → cost → million
Earlier figures look low by comparison.
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figures → look → comparison
Bloomberg first reported a starting price of $4 million, and a May sales announcement put the floor at $5 million.
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announcement → report → million
The entry price has more than doubled from that first figure.
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price → double → figure
The luxury condos include terrace units, penthouses and three villas.
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condos → include → units
Each villa has its own garden, plunge pool and outdoor kitchen.
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villa → have → garden
Owners also get butler service at home, along with childcare and pet care.
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Owners → get → childcare
The perks do not end there.
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perks → end → ?
The building has a rooftop pool with cabanas, a spa with a hammam and thermal suites, a gym with a Pilates studio and a golf simulator.
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building → have → studio
A card room and a residents’ lounge with a bartender round things out.
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room → round → things
“Homeowners will enjoy a highly amenitized lifestyle serviced by the resort, which includes 45,000 square feet of private indoor and outdoor amenities and a one-of-a-kind Residential Club Membership that extends to owners’ parents and children,” Sabrina Gleizer, a partner at developer BDT & MSD Partners, told the outlet.
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Gleizer → enjoy → outlet
According to her, the project is “a truly unique offering”.
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project → accord → her
The perks of owning these condos seem never-ending.
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perks → own → condos
Ownership comes with a new top-tier resort membership.
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Ownership → come → membership
This membership covers relatives of condo owners, from grandparents to grandchildren, and stays with the home.
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membership → cover → home
When a buyer sells the unit, they pass the membership on to the next owner.
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they → sell → owner
Now, that’s the real deal.
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that → ’ → ?
While many buyers would appreciate the pools and butlers, many more will care about being able to bring the whole family into the club.
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more → appreciate → club
The resort first opened in 1926 and was designed by architect Addison Mizner.
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resort → open → Mizner
It now has about 1,000 rooms across five hotels, plus a beach, golf course, marina, spa and tennis courts.
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It → have → hotels
According to Forbes, it is the only quadruple five-star resort in the Americas.
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it → accord → Americas
Dell’s MSD Partners bought the property for $875 million in 2019.
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Partners → buy → 2019
It later merged with Byron Trott’s BDT & Co.
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It → merge → BDT
Together, they spent about $375 million on upgrades and secured a $1 billion refinancing.
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they → spend → refinancing
The famously pink main building is now beige, and the New York team behind Carbone runs the restaurants.
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team → run → restaurants
Rooms can now cost more than $1,000 a night.
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Rooms → cost → 1,000
The city council approved the eight-storey building in March, and construction is due to start late this year.
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construction → approve → March
The project is scheduled for completion in 2029.
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project → schedule → 2029
The firm will use ivory stucco, shell stone and bronze accents to elevate the building.
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firm → use → building
Pembrooke & Ives handled the interiors, with a nod to Mizner.
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Pembrooke → handle → Mizner
Each unit will have terraces 12 feet deep, full-height glass, white oak, marble and kitchens fitted with Sub-Zero, Wolf and Cove appliances.
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unit → have → appliances
The resort sits near Royal Palm Yacht & Country Club, a gated community just south of it.
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resort → sit → it
Travis Kelce reportedly rented a six-bedroom, $20 million mansion there during the 2025 off-season for about $100,000 a month.
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Kelce → rent → 100,000
Taylor Swift, who is now his wife, has joined him.
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who → join → him
…and 3 more, not listed.
The Aporia
