Going, going…almost all sold out in the first of two five-story buildings that make up the luxury Azure condominium, now under construction in Palm Beach Gardens.
The property is off of Donald Ross Road, near the Loggerhead Marina.
Some 43 of 46 luxury units have sold, with prices ranging from the $900,000s to $3 million.
For that money, residents will be able to reside in units ranging from 2,600 to more than 5,000 square feet, with additional covered terraces overlooking the marina.
Completion of this first building is set for the fall.
Meanwhile, sales in the second building are moving along as well. Of 55 residences, 26 have sold. A summer groundbreaking is expected, with completion expected in late 2017.
In all, $97 million in sales have been recorded at Azure since sales began in November 2014, said developer Tom Frankel.
Buyers at Azure will be able to enjoy two swimming pools, a putting green and fitness center with steam rooms and saunas. The property spans 14 acres.
Buyers have been a mix of local residents moving in from nearby country club communities and buyers from the Northeast seeking second homes. There are a few foreign buyers as well, Frankel said.
Pre-construction buyers are required to put 10 percent down at the signing of a sales contract, 10 percent when construction commences and another 10 percent when the roof is poured.
Like many area real estate experts, Frankel said condo sales in January were slow, due to the stock market’s roller coast performance.
But sales have come back, and the past six weeks have been strong, Frankel said.