The Ritz-Carlton Residences has a $40 Million Sales Season

June 28, 2012 | News

lionheartOne of only six stand-alone Ritz-Carlton residential properties in the world, The Ritz-Carlton Residences, Singer Island, Palm Beach, is now over 60 percent sold and closed.

This community also is the No. 1-selling Ritz-Carlton residential property worldwide. The luxury residential project just finished an exceptional season, completing $40 million in sales.

“Our sales are well ahead of projection, and we are thrilled with the progress,” said Ophir Sternberg, managing partner of Lionheart Capital. “We have had many buyers tell us that it was The Ritz-Carlton brand that was the deciding factor in their purchasing decision. We are so happy that we brought in this venerable hospitality company to work with us.”

With an enviable location – perfectly nestled along the Palm Beach coastline – as well as breathtaking ocean views and a legendary Ritz-Carlton–serviced lifestyle, The Ritz-Carlton Residences has proven to be the choice for discerning buyers across the globe.

“Our family always spent vacations on Singer Island,” said Wendy Leach, who lives part of the year in Canada. “So when I began looking for a place in Florida, I looked at many condos on the water. I even toured the property before The Ritz-Carlton was involved, and I fell in love with the view and the building. Once it became a Ritz-Carlton residential property, that appealed to me even more.”

Buyers have all raved about the legendary service of The Ritz-Carlton, which is enhanced by the dedicated Residences staff. Services include a 24-hour concierge who can arrange a multitude of services, including theater and restaurant reservations as well as in-residence dining and housekeeping.

“The amenities are impeccable,” says Linda Scarborough, who recently bought a residence after leasing at The Residences for the past two seasons. “I feel like I’m in a five-star hotel. The services are beyond compare.”

The Residences’ amenities include a spectacular oceanfront pool deck with lagoon pool, lap pool, two whirlpool spas, a poolside grille, and 375 feet of pristine white sand beach.

Inside each of the two towers, a private resident social room and a cinema-style screening room are perfect for entertaining guests. A state-of-the-art fitness and aerobic center, with sauna, and a business center further enhance the luxury lifestyle at The Residences.

In addition to the superb amenities, the location has been a tremendous draw for buyers. “We looked for a second home throughout South Florida, but we felt that the Palm Beaches and Singer Island were perfect for our family,” said Houston executive George McMahon.

“The Residences have, by far, the largest and best beach area on the entire island. We dock our boat at the nearby marina, and it’s so close that I can see my boat from our residence.”

The picturesque coastal area of Singer Island is poised amidst the high-end shopping of Palm Beach island, the golfing of PGA and the equestrian community in Wellington. In addition, Singer Island skims the Gulf Stream ocean current, making it an excellent location for deep-sea fishing and aquatic activities.

There is also easy access to the Residences, thanks to its proximity to Palm Beach–area airports. “We travel by private aircraft, and the executive airport is minutes away from The Residences,” explains McMahon. “There are also daily non-stop commercial flights from every major city, and with Palm Beach International Airport just 10 minutes away, it’s an incredibly convenient location.”

Priced from the $700,000s to over $10 million, The Residences feature private elevator foyers and provide from 1,725 to 7,445 square feet of air-conditioned living space.


Directions to The Ritz-Carlton Residences: Take Interstate 95 to PGA Boulevard. Go east 6 1/2 miles until the road becomes Ocean Drive (State Road A1A). Continue to the entrance at 2700 N. Ocean Drive. The sales center is in Suite 1004A.

Hours: 10 a.m. to 6 p.m. Monday through Friday, 11 a.m. to 5 p.m. Saturday and Sunday; or call to schedule a private tour

Prices: From the $700,000s to more than $10 million

Written by Staff at for Florida Home section

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