Michael Dell’s Florida resort sells 40% of luxury condos, starting at $8.95m

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.