{
  "id": 13915527,
  "title": "Michael Dell’s Florida resort sells 40% of luxury condos, starting at $8.95m",
  "url": "https://urgent.news/2026/10/12/michael-dells-florida-resort-sells-40-of-luxury-condos-starting-at-8",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T08:12:21.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/michael-dells-florida-resort-development-has-sold-roughly-40-of-its-75-planned-luxury-condos-with-prices-starting-at-8-95-million-after-earlier-expectations-put-entry-prices-much-lower/articleshow/134886699.cms"
  },
  "original_language": "en",
  "account": "Michael Dell, the billionaire founder of Dell Technologies, has begun selling 40% of luxury condos within his Florida resort. These condominiums, located at 501 E. Camino Real, are the first residential properties the century-old resort has ever sold on its grounds. The first homes on resort property mark a significant change for a luxury retreat that has primarily offered overnight room rentals.\n\nWealthy buyers are quickly taking notice of the project, with roughly 40% of the luxury condos already claimed. Entry-level units, which are on the more affordable side, start at $8.95 million, while larger residences with three to five bedrooms cost over $20 million. This represents a substantial increase from earlier pricing estimates which started at $4 million and $5 million.\n\nThe luxury condominiums offer an array of enticing amenities and perks, including terrace units, penthouses, and three villas each boasting its own garden, plunge pool, and outdoor kitchen. Owners also receive butler service, childcare, and pet care. The resort boasts a rooftop pool with cabanas, a spa featuring a hammam and thermal suites, a gym equipped with a Pilates studio and a golf simulator, a card room, and a residents' lounge complete with a bartender.\n\nMoreover, owners benefit from a top-tier resort membership that extends to their parents and children. This family membership is considered the main selling point, as it allows the entire family to enjoy the exclusive resort amenities. The broader appeal of the project lies not only in the lavish accommodations and exclusive amenities but also in the opportunity to bring the entire family along for the luxurious experience.\n\nThe resort, which opened in 1926, is situated in Boca Raton and is designed by architect Addison Mizner. Currently, the property houses about 1,000 rooms across five hotels, along with a beach, golf course, marina, spa, and tennis courts. Forbes reports that the resort holds the distinction of being the only quadruple five-star resort in the Americas.\n\nMichael Dell's MSD Partners acquired the property for $875 million in 2019. Later, the company merged with Byron Trott's BDT & Co., investing an additional $375 million in upgrades and securing a $1 billion refinancing. The renovations and upgrades are evident, with the iconic pink main building now painted beige. The New York team behind Carbone restaurant manages the resort's dining options, and nightly room rates can exceed $1,000.\n\nCity council approved the eight-story building's construction in March, with completion slated for 2029. The project's architect, Hart Howerton, has designed the exterior using ivory stucco, shell stone, and bronze accents, while the interior design by Pembrooke & Ives pays homage to the original Mizner architecture. Each unit features terraces 12 feet deep, full-height glass, white oak, marble, and high-end appliances from Sub-Zero, Wolf, and Cove.\n\nSituated near the Royal Palm Yacht & Country Club, a gated community just south of the resort, the property attracts high-profile clientele. Travis Kelce, the Kansas City Chiefs' star tight end, reportedly rented a six-bedroom, $20 million mansion in the area in 2025 for approximately $100,000 a month. Taylor Swift, now Kelce's wife, has taken up residence there. In May, another home in the community sold for a Boca Raton record-breaking $75 million. Earlier this year, actor Kevin James purchased a $17.15 million house in the same neighborhood. Compared to these extravagant prices, the $9 million entry price for a luxury condo in the resort seems like a more attainable option for discerning buyers.",
  "summary": "Michael Dell's investment in Boca Raton's luxury real estate has already resulted in approximately 40% of the condos being sold. The residences offer high-end amenities and multiple perks, including a top-tier resort membership for family members. The project represents a significant shift for a century-old resort previously focused on rental accommodations. Construction is expected to begin…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}