Michael Dell-backed firm’s $875 million Boca Raton resort bet draws luxury homebuyers; 40% of first 75 condos claimed

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. According to the New York Post, around 40% of the first 75 luxury residences planned at The Boca Raton resort have already been claimed. 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.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. 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.From a historic inn to a luxury residential addressBoca Raton, a coastal city in Palm Beach County, Florida, has long been associated with affluent residents, retirees and resort living. The Boca Raton's history dates back to February 6, 1926, when the original Cloister Inn opened its doors. Designed by architect Add...