A historic Florida resort, The Boca Raton, is expanding into luxury condominiums with early success, as reported by the New York Post. About 40% of the first 75 planned residences have been sold at prices starting from $8.95 million to over $20 million. This expansion follows a $375 million renovation since its acquisition in 2019 by a firm backed by billionaire Michael Dell, as noted by Bloomberg. The project combines high-end real estate with resort amenities, appealing to affluent buyers seeking private homes within luxury hospitality grounds.
Written locally by qwen2.5:14b on 2026-10-13,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
A $875 million investment in a historic Florida resort is expanding into the luxury residential market, with wealthy buyers showing early interest in its planned condominiums.
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buyers → expand → condominiums
According to the New York Post, around 40% of the first 75 luxury residences planned at The Boca Raton resort have already been claimed.
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% → accord → resort
The project follows the 2019 acquisition of the property by a firm backed by billionaire Michael Dell and approximately $375 million in subsequent renovations and upgrades, as reported by Bloomberg in April 2026.
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project → follow → April
The development marks a new chapter for The Boca Raton, a landmark property that has traditionally operated as a luxury resort and private members' club.
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that → mark → resort
By introducing privately owned residences within the resort, its owners are seeking to combine high-end real estate with the services and amenities associated with an established hospitality destination.
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owners → introduce → destination
From a historic inn to a luxury residential address
Boca Raton, a coastal city in Palm Beach County, Florida, has long been associated with affluent residents, retirees and resort living.
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Raton → associate → residents
The Boca Raton's history dates back to February 6, 1926, when the original Cloister Inn opened its doors.
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Inn → date → doors
Designed by architect Addison Mizner, the 100-room hotel helped establish the Mediterranean Revival architectural style that became associated with South Florida's luxury properties.
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that → design → properties
Over the decades, the original inn evolved into a sprawling resort offering accommodation, leisure facilities and membership-based amenities.
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inn → evolve → accommodation
The property is marking its centenary in 2026, making the planned residential development part of a broader transformation at a landmark destination.
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development → mark → destination
The new residences will introduce a different ownership model, allowing buyers to purchase homes within the resort grounds rather than relying solely on hotel stays or club membership.
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buyers → introduce → stays
The reported sales suggest that the concept has attracted early interest among affluent buyers.
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concept → report → buyers
Prices begin at $8.95 million
The residences are positioned at the upper end of the luxury housing market.
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residences → begin → market
According to the New York Post, prices range from $8.95 million to more than $20 million, with the starting price considerably higher than the approximately $4 million figure discussed when the project was initially proposed.
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project → accord → figure
The planned collection includes penthouses, terrace residences and villas with private gardens and swimming pools.
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collection → plan → gardens
The homes target buyers seeking private residential space alongside access to resort-style services.
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homes → target → services
Reported amenities include butler service, a rooftop swimming pool, a spa, a gym and a members-only lounge.
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amenities → report → service
Buyers will also be offered a Residential Club Membership that extends to their families, adding a membership component to the appeal of owning a home within the property.
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that → offer → property
A $375 million renovation programme
The residential project follows a substantial investment in the resort.
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project → follow → resort
According to Bloomberg, the Michael Dell-backed investment firm had spent approximately $375 million on renovations and upgrades since acquiring the property for $875 million in 2019.
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firm → accord → 2019
The investment group is associated with BDT & MSD Partners, formed through the combination of MSD Partners, linked to Dell, and BDT & Co., founded by banker Byron Trott.
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group → associate → Trott
The condominium project adds another potential revenue stream to the resort's existing operations, which include accommodation, leisure facilities and private club services.
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which → add → accommodation
However, the reported 40% figure is an early sales indicator, not evidence that the project has already generated a profit.
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project → report → profit
The residences remain under development, and their financial performance will depend on factors including final sales, construction costs and demand as the project progresses.
Moreover, the firm had secured a $1 billion refinancing for the resort.
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firm → remain → resort
That financing is separate from condominium sales and does not, by itself, establish the profitability of the residential development.
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financing → establish → development
The development is being designed by Hart Howerton, with interiors by Pembrooke & Ives.
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development → design → Pembrooke
The planned eight-storey building is expected to enter construction in 2026, with completion targeted for 2029.
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completion → expect → 2029
The Aporia
