Michael Dell’s $875M resort attracts buyers with $20M condos

Billionaire Michael Dell’s investment in Boca Raton’s luxury real estate is attracting wealthy buyers, with roughly 40% of its condos already sold, even though the project only went public a few months ago, according to the Post. For a resort that opened in 1926, selling homes on its own grounds is a new kind of business.The first homes on resort groundsThe 75 residences sit at 501 E. Camino Real. They are the first homes the century-old resort has ever sold on its property, which marks a real change for a luxury resort that has mostly rented rooms by the night. Wealthy buyers are already interested in the project, with about 40% of the units already claimed, a project representative told the outlet.The cheapest unit now lists at $8.95 million. Larger homes with three to five bedrooms cost more than $20 million. Earlier figures look low by comparison. Bloomberg first reported a starting price of $4 million, and a May sales announcement put the floor at $5 million. The entry price has more than doubled from that first figure. The luxury condos include terrace units, penthouses and three villas. Each villa has its own garden, plunge pool and outdoor kitchen. Owners also get butler se...