The Real Deal Miami

Buyers reserve half of the sixth building at a Pensacola Beach condo complex

Fort Lauderdale-based Adache Group Architects designed the sixth building and five others at Portofino Island Resort
July 22, 2018 11:00AM

Portofino Island Resort on Pensacola Beach

Condo buyers have reserved about half of the 150 units planned at the sixth in a series of Pensacola Beach condo buildings designed by a South Florida architecture firm.

Fort Lauderdale-based Adache Group Architects designed the sixth building at a condo complex on Pensacola Beach called Portofino Island Resort and the five existing buildings.

Developer Robert Rinke told Pensacola real estate agents at an invitation-only event Wednesday that the sixth Portofino building would rival any condo development in South Florida.

Rinke said 85 of the planned 150 condo units have been reserved for a reservation fee of $20,000 each.

The range of pre-construction prices is $1.1 million for a two-bedroom, 2,400-square-foot unit to $3.6 million for a four-bedroom penthouse spanning 6,500 square feet.

Floor plans have two, three and four bedrooms. Units also have an outdoor living area with a kitchen, fire place and customized flooring.

Rinke also said the sixth Portofino building will have more glass, bigger units, and a conference center among other additional shared amenities.

The planned conference center would span 80,000 square feet and encompass a spa, elevated swimming pools, a cooking-demonstration kitchen, and a wedding gazebo. [Pensacola News-Journal]Mike Seemuth