Developers launch sales of Boca Beach House condo project

Condos at 32-unit Boca Raton development are priced from $2.5M to $8M

TRD MIAMI /
May.May 02, 2019 08:45 AM
Rendering of Boca Beach House

Rendering of Boca Beach House

Nearly two years after closing on a property in Boca Raton, Key International and Integra Investments are launching sales of a luxury condo development planned for the site.

The developers are planning to build Boca Beach House, a four-story, 32-unit project at 725 South Ocean Boulevard. They bought the 3.2-acre waterfront site from the Blackstone Group in 2017 for $17.3 million.

Sales will be handled in-house, according to Liliana Paez, CEO of Key International Sales. Preconstruction prices for the units start at $2.5 million and go up to roughly $8 million, she said. The units will range from two to five bedrooms, and from 3,402 square feet to 7,508 square feet.

Buyers at Boca Beach Club will gain a two-year free membership at the Boca Raton Resort & Club across the street, which includes a Waldorf Astoria Spa, private beach, tennis courts, golf courses, 13 restaurants, seven pools and a kids’ club. Existing members of the Boca Raton Resort & Club, which is reportedly under contract to MSD Partners, are also being given early access to reserve units at Boca Beach Club.

The flow-through condos will have 10-foot ceilings, private elevator access and large terraces with summer kitchens and wet bars. Ground-floor units will feature a private pool.

The project marks the first high-end development on the waterfront in Boca Raton over the previous decade, according to a release. It will also have a private 14-slip marina, water sports amenities, a gym, sauna and steam rooms, and a gazebo with a full kitchen, grill and lounge.

Sieger Suarez Architects is designing the building and Linda Ruderman is handling the interiors. Raymond Jungles is designing the landscaping.

Paez said reservations will be converted to contracts in about two months, and buyers will be required to put down 20 percent deposits when they sign contracts, up to 50 percent at groundbreaking and the rest at closing. She expects the developers will break ground in a year, possibly earlier.

A multimillion-dollar sales center is also expected to be completed in about two months with a full model unit.

Development is ramping up in Boca Raton. Billionaire Michael Dell’s MSD Partners is under contract to purchase the Boca Raton Resort & Club, a 1,047-room, 337-acre resort, from Blackstone by the end of the second quarter.


Related Articles

arrow_forward_ios
Thomas F. Marano and 1281 Spanish River Road (Credit: Ditech, Redfin)

Former mortgage exec buys waterfront Boca Raton home

Four Seasons Hotel Miami at 1435 Brickell Avenue (Credit: Averette/Wikipedia)

Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds

A rendering of Manley Storage Ventures facility at 7171 North Federal Highway

New self-storage, retail facility coming to Boca Raton

From left: Howard Sands, Scott Tracy, and Kenton Wright

Walgreen sells store near Boca Raton for $9M

Shane Neman, and Mauricio Bello Richard Waserstein, with 525 Northwest 77th Street Marriott in Boca

Blackstone sells Marriott hotel in Boca Raton

Malcolm Butters, 950 Peninsula Corporate Circle in Boca Raton

Butters buys Boca Raton office building

A rending of the the project

REI to open first South Florida store in Boca Raton

Royal Palm Residences and Ignacio Diaz

Group P6 launches sales of new luxury condo project in Boca Raton

arrow_forward_ios
Loading...