Pompano Beach: South Florida's Newest LUXURY Real Estate Market
Pompano Beach, South Florida's most hidden gem, is witnessing a massive luxury upgrade. This guide showcases upcoming projects like The Ritz Carlton Residences and Waldorf Astoria Residences. Learn why Pompano will be the next hotspot for upscale living.
Summary:
Pompano Beach, an underrated gem in South Florida, is quickly gaining recognition for its flourishing luxury real estate market. As new developments rise along its scenic coastline, Pompano Beach is primed to become the region's next hot spot for high-end living. This article explores the key developments shaping the city's landscape and why investing in Pompano Beach is a smart move.
Here are a few notable upcoming developments you should be aware of:
Developed by Fortune International Group and Oak Capital, the Ritz Carlton Residences Pompano Beach is a luxurious oceanfront condominium project consisting of two striking towers designed by renowned architect Luis Revuelta. The development offers 250 feet of ocean frontage and a private marina for owners, providing the ultimate luxury living experience with direct access to both a private Beach Club and Yacht Club.
The Marina Tower is already 100% SOLD OUT, and the Beachfront Tower is already 92% SOLD OUT, as of February 2024. Construction broke ground November of 2022 and is planned for completion Fall of 2025.
Developed by Hilton, Related Group and Merrimac Ventures, The Waldorf Astoria Residences sets a standard for world-class oceanfront luxury. This luxurious 28-story tower offers 92 exquisite 2-5 bedroom units ranging from $2,500,000 - $5,900,000. Set on a two-acre oceanfront site, this development provides exclusive amenities, including a private 19-slip marina, beach club, pool deck, and spa. This boutique-style property is the FIRST stand-alone residential concept by the iconic Waldorf Astoria brand, becoming an instant muse for this tropical beach haven.
The development team is pending final city approvals before breaking ground, and is planned for delivery in 2027.
The Cordish Companies and Caesars Entertainment have unveiled details for The Pomp, a major mixed-use development in Pompano Beach, Florida. The Pomp, named after the historic Pompano Park racing venue, will be built on a 223-acre site, transforming it into a premier destination with a Live! entertainment district, gaming facilities, dining, retail, office spaces, and hotel amenities. The Pomp will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels and 1.35 million square feet of Class A office space upon completion. The project aims to revitalize the community, attract millions of visitors annually, and generate thousands of new jobs for the region.
Development has already begun with the recent grand opening of TOPGOLF, the first phase of this 223 acre vision. Project completion is estimated for 2027-2030. Stay tuned here. Massive project.
Also developed by the renowned Related Group, Casamar is a luxurious oceanfront condominium located at 900 North Ocean Boulevard. Casamar provides residents with an array of world-class amenities, including sunrise and sunset swimming pools overlooking the Atlantic Ocean and Intracoastal Waterway, a state-of-the-art fitness center, and exclusive beach access.
Development broke ground in May of 2023, and is expected to be completed by Q1 of 2025. There are 118 units being sold, and as of February 2024, ONLY 2 remain.
Another recent development by The Related Group, Solemar is a luxurious 20-story condominium located at 1116 North Ocean Boulevard, offering 105 exquisite residences on 250 feet of pristine ocean frontage. Designed by the acclaimed Arquitectonica, Solemar provides a haven of beachside tranquility with resort-style amenities and breathtaking views.
The building officially OPENED in October of 2023, and was completely SOLD OUT.
Resale prices are currently ranging from $2,275,000 - $6,500,000 (2-4 Bedrooms).
Located at 305 Briny Avenue, Salato is an exclusive boutique condominium featuring 40 luxurious residences. With only nine stories, Salato offers an intimate living experience, providing a private estate-like atmosphere for its residents. Amenities include a private marina, an oceanfront infinity pool, a fitness center, private beach access, and a 20,000 square-foot luxury, open-air, covered amenity deck overlooking the ocean. Salato's prime location in Pompano Beach offers easy access to dining, shopping, and entertainment options, making it an ideal choice for those seeking a luxurious oceanfront lifestyle.
With building permits under review, development is expected to break ground any month now, with completion expected for 2025-2027. Prices starting at $2,000,000.
- Sabbia Beach
Developed by Fernbrook Homes, Sabbia Beach is an exclusive oceanfront condominium located at 730 North Ocean Boulevard. This luxurious development offers a limited collection of 68 two-, three-, and four-bedroom residences, ranging from 1,760 to 5,925 square feet, as well as unique penthouse suites and spacious terrace homes with up to 3,700 square feet of outdoor living space. Sabbia Beach offers an array of top-tier amenities, such as a spa, fitness center and much more, providing residents with an unparalleled oceanfront living experience.
This is one of the newer luxury developments that was completed in 2019, and prices are currently ranging from $2,000,000 - $6,000,000.
In Conclusion:
The future of Pompano Beach shines bright as it undergoes a remarkable transformation into a luxury real estate hotspot. Positioned between the already thriving upscale markets of Fort Lauderdale and Boca Raton/West Palm Beach, Pompano Beach is primed for a makeover, and the wheels of progress are already in motion.
Numerous prestigious developments such as The Ritz Carlton Residences, Waldorf Astoria Residences, and The Pomp, among others, showcase the commitment to elevating Pompano Beach's status in the South Florida luxury market. With careful planning, thoughtful development, and strategic public investments, Pompano Beach is poised to become an irresistible destination for luxury living.
As Pompano Beach continues to evolve and reinvent itself, it is clear that this coastal gem is well on its way to becoming a haven for upscale living, attracting affluent homebuyers and investors alike. With its prime location, stunning ocean views, and an array of world-class amenities, Pompano Beach is the next area to completely transform and appeal to the broader luxury market spreading across South Florida.
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