The luxury condo market in Boca and Palm Beach is heating up this summer, with several new developments poised to make a significant impact. With demand for high-end properties on the rise, these new projects offer a blend of luxury, style, and modern amenities that cater to both local and out-of-town buyers. Here’s a look at five new luxury developments launching this summer in Boca and Palm Beach.
The luxury condo market in Palm Beach County has seen impressive growth, with the median price for luxury condos reaching $3.5 million in the first quarter of 2024, a 10% annual increase according to the latest quarterly report from Douglas Elliman. The strong market performance is underscored by a 20% increase in new contracts for luxury condos priced at $4 million or more, compared to the same period last year.
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The Bristol Palm Beach
Situated on the waterfront in West Palm Beach, The Bristol is redefining luxury living with its elegant design and exclusive amenities. This 25-story building offers 69 ultra-luxury residences, each with expansive floor plans and stunning views of the Intracoastal Waterway and Atlantic Ocean. The Bristol features a resort-style pool, private dining rooms, a state-of-the-art fitness center, and a luxurious spa. The residences, ranging from three to five bedrooms, are designed with high-end finishes and spacious terraces. Prices start at $5 million and can reach up to $40 million for the most opulent penthouses.
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Amrit Ocean Resort & Residences, Singer Island
Nestled on the tranquil shores of Singer Island, Amrit Ocean Resort & Residences combines luxury living with holistic wellness. This wellness-focused development includes 182 residences designed to promote a healthy lifestyle, with features like circadian lighting, water filtration systems, and wellness concierge services. The property boasts two towers, each with its own set of amenities, including multiple pools, a fitness center, a yoga studio, and a full-service spa. Residences range from one to four bedrooms, with expansive terraces offering breathtaking ocean views. Prices start at $1.5 million, with penthouses exceeding $10 million.
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The Boca Raton Tower
A new addition to the renowned Boca Raton Resort & Club, The Boca Raton Tower offers an elevated living experience with its luxurious condos. This 30-story tower includes 125 residences with floor-to-ceiling windows, spacious layouts, and high-end finishes. Residents will have access to the resort’s extensive amenities, including multiple pools, a championship golf course, a full-service spa, and several dining options. The tower’s design emphasizes indoor-outdoor living, with large terraces offering stunning views of the ocean and Intracoastal Waterway. Prices range from $3 million to $15 million, depending on the size and location of the unit.
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The Residences at Mandarin Oriental, Boca Raton
Set in the heart of Boca Raton, The Residences at Mandarin Oriental bring the renowned brand's luxury living standards to South Florida. This development includes two towers offering both condos and hotel rooms, designed to provide residents with panoramic views and top-tier amenities. The 66-story South Tower will house 228 private condos, while the 32-story North Tower will include 94 condos and 121 hotel rooms. With an amenity podium connecting the two towers, residents will enjoy landscaped infinity swimming pools, private cabanas, executive work lounges, and a state-of-the-art spa. Prices start at $4.9 million and can reach up to $20 million for penthouses.
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Royal Poinciana Plaza Residences
Located in the heart of Palm Beach, the Royal Poinciana Plaza Residences offer a blend of modern luxury and classic Palm Beach charm. This boutique development includes just 12 exclusive residences, each featuring contemporary interiors, high ceilings, and large windows that flood the spaces with natural light. Amenities include a private rooftop pool, a fitness center, and concierge services. The prime location provides easy access to the upscale shops and dining options of the Royal Poinciana Plaza. Prices for these exclusive residences start at $7 million, with the most luxurious units reaching up to $25 million.
As the summer heats up, so does the luxury condo market in Boca and Palm Beach. These new developments offer a range of high-end amenities, stunning designs, and prime locations that cater to discerning buyers seeking the best in South Florida living. Whether you’re looking for a serene oceanfront retreat or a vibrant urban residence, these projects provide a variety of options to suit every taste and lifestyle.
If you're looking to invest in South Florida's thriving luxury condo market, now is the time to act. The Worth Group invites you to explore these exceptional new developments in Boca and Palm Beach, offering unparalleled amenities and stunning designs. Don't miss out on the opportunity to own a piece of this vibrant market. Contact The Worth Group today to learn more about these exciting properties and to schedule a private viewing. Visit our website or call us for more information and to stay updated on the latest market trends and opportunities.
