Royal Palm Residences hits 35 percent sales in first 45 days

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Royal Palm Residences announced 35 percent of its units are off the market.

In late January, Boca-based Group P6 kicked off sales, opening a 4,500-square-foot luxury sales center at 475 E. Royal Palm Road in downtown Boca Raton, site of the new development.

Since then, units have been selling quicker than the developers anticipated.

The nine-story, 48-residence condominium project is scheduled to be completed in 2022.

“We knew there would be high demand for this type of luxury boutique product, but it’s selling even quicker than we ever anticipated,” said Ignacio Diaz, Managing Partner at Group P6. “On the heels over our very exceptional opening quarter, we are now fielding numerous calls from numerous clients in the Northeast who are strongly considering leaving dense city life for more green space & walkability & lower taxes. Our sales team has gone from receiving 1-2 leads a day from those areas to now 10-12 a day.”

Sales of the project is being handled by ONE Sotheby’s International Reality. Their sales team led by Bambi Ross, says that there are number of factors contributing to fast pace of sales, include walkability and the fact that the homes are the perfect size for empty nesters or those looking for second homes near the ocean.

Royal Palm Residences offers three to five-bedroom residences ranging from 2,425 to 7,168 square feet.

Tthe team has pivoted from the typical open houses and events to holding virtual showings and webinars to ensure the safety of its members, other brokers and potential buyers, Ross said.

Each home at Royal Palm Residences is fully customizable, allowing homeowners to create their ideal living space, by scheduling in-person, architectural design meetings, with award winning RLC Architects, the design firm handling the luxury project.

All 48 boutique residences will have 270 degrees of natural light, dual-entry private elevator access directly into the unit, European kitchens and top-of-the line appliances, including gas cooking & Wolf gas barbecues built into large outdoor terraces. Prices start at $1.75 million.

Amenities include two assigned, secured, underground parking spaces; an expansive wellness plaza, featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room with European kitchen and bar for entertaining. The building will also feature a 24-hour doorman and private underground storage.

For more information about Royal Palm Residences or to schedule a private showing at the project, call 561-948-4051 or visit https://www.rpresidences.com/.