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Royal Palm Residences Achieves Significant Sales Milestone

As inventory for real estate in South Florida continues to be scarce, any residences on the market tend not to last long and the Royal Palm Residence is furthering the trend. The luxury boutique residence in Boca Raton recently sold out 70% of its units after summer sales generated $10 million.

After breaking ground on the Royal Palm Residences in December, Group P6, a real estate development company in South Florida, anticipates completing its 48-unit luxury condominium in 2022.

“Right now, inventory in Boca Raton is at a 10-year low,” says Ignacio Diaz, Managing Partner at Group P6. “If someone is interested in buying a new condominium, now is the time to do it as there are very few residential buildings under construction or in the city’s pipeline. As a result, inventory is going to shrink, further driving up prices. Since the pandemic, many people are realizing that where you live can make a huge difference in your quality of life, so people from the Northeast want to be here as well as local residents who want the convenience of downtown living.”

Located at Fifth Avenue and East Royal Palm Road, the property offers three to five-bedroom residences ranging from 2,425 to 7,168 square feet. Prices start at $1.75 million and a penthouse sale earlier netted $10 million after being listed for 48 hours.

Amenities include dual-entry private elevator access directly into the unit, European kitchens and modern appliances. Other luxuries include underground parking spaces and an expansive wellness plaza featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room.

For more information, visit RPresidences.com.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.