Ocean Delray sits on the shores of Delray Beach, Florida, centrally located between Boca Raton And Palm Beach, and is perfectly designed for the most exclusive lifestyles. Personal privacy, including 9 private and semi-private lobbies and elevators, intersects with luxury living at our one-of-a-kind development that features only 19 units. This exclusivity, paired with our luxury, oceanfront condo amenities, separates Ocean Delray from anything else in the marketplace. On-site construction continues at a rapid pace and we will be delivering in mid 2021.
Cioffe Enterprises [CEI], is pleased to announce it has acquired a position in “Ocean Delray” a New Exclusive Beachfront, 19-unit Luxury Condominium in Delray Beach. FL.
The Residences at Ocean Delray are our 15 eastern-most facing units that boast the best direct oceanfront views. They offer 30-50 feet of glass from their private, oceanfront terraces. Each uniquely designed residence lives like a luxurious single-family home with an individually distinct floor plan that complements our spectacular beachfront setting.
The Villas, which offer oceanfront views, are Ocean Delray’s exclusive residences where personal privacy intersects with luxury living. Almost completely separated from the main building, 90-percent of these villas face the exterior. Each has four bedrooms and four and a half bathrooms, and feature private lobbies and elevators, as well as personal and independent guest entries, and four expansive and private terraces. The ground floor villas have their own private yards.
We are proud to report an additional 3 contracts booked since our last communication, bringing this project to 12 total homes under contract. This crosses us over the halfway point at 63% SOLD OUT of our super luxury oceanfront condos. A total of 12 contracts booked to date now stands at $81.5 M, with record setting pricing still being achieved. Our contracted sales price per square foot continues to track higher than pro-forma projections that were conservatively bank projected at $1495 per square foot at project start. 7 luxury condo units remain to be sold. With the prime FL selling season upon us our ability to deliver these built and finishing condo units with COs during 2nd quarter of 2021 is attractive to our buyer profile.