Buyers Claimed 40% of New Boca Raton Condos
The resort has begun selling residences on its grounds for the first time in its century-long history.
Updated on Oct. 11, 2026 in Residential
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Buyers have already snapped up 40% of the 75 planned luxury residential units at The Boca Raton. This project marks the first time the historic resort has offered private ownership opportunities on its grounds.
Why it matters
The development represents a significant expansion for the 1,000-room resort, which has been undergoing massive modernization under its current ownership. By integrating high-end residential living into the property, the resort aims to leverage its brand for a new class of long-term occupants.
Condo prices at the resort property start at $8.95 million and exceed $20 million per unit. The project includes 45,000 square feet of private indoor and outdoor amenities for residents.
The players
The Boca Raton
This historic resort in Boca Raton features 1,000 rooms across five hotels.
MSD Partners
This firm purchased the resort property in 2019 and serves as the lead developer for the new residential expansion.
Addison Mizner
He was the architect and visionary who originally opened the resort in 1926.
The details
The residences are part of a broader $375 million upgrade initiative funded by MSD Partners, who purchased the property for $875 million in 2019. The project received city council approval in March 2026 and provides owners with exclusive club memberships that extend benefits to parents and children.
Timeline
Addison Mizner opened the resort in 1926.
MSD Partners purchased the property in 2019.
The condo building received city council approval in March 2026.
Construction is scheduled to begin in late 2026.
Construction is expected to conclude in 2029.
Culture Shift
This project follows the industry trend of luxury resorts diversifying revenue by monetizing ground space for private high-end condominiums. It reflects a broader shift toward integrating private ownership into iconic destination properties to build long-term brand loyalty.
Prospective buyers and local real estate investors should note that these units provide exclusive membership perks for families that distinguish them from standard luxury properties. Those interested in the site should monitor construction milestones starting in late 2026 to track inventory availability.
The takeaway
The addition of luxury residential units signals a new phase for historic hospitality assets seeking to stabilize year-round revenue. Potential buyers should carefully evaluate the value of the provided club memberships against the $8.95 million entry-level price point.
What happens next
Construction on the 75 residential units is scheduled to commence in late 2026, with the project expected to be completed in 2029.
Further reading
Explore more local housing trends on our Boca Raton Residential page.
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Should local officials prioritize the development of luxury housing projects in your community?
