Dell Partner Selects Douglas Elliman for $5M Boca Condos

BDT & MSD Partners has selected Douglas Elliman to handle sales and marketing for its planned luxury condominium development at the historic Boca Raton Club site, marking a significant step forward for the high-end residential project.

The Residences at Boca Raton will feature 75 units across eight stories on a 5.2-acre parcel at 501 East Camino Real. Unit prices will start at $5 million for two-bedroom homes, while penthouse residences will command $15 million and above. The development will offer two to five-bedroom configurations with golf course and ocean views.

Douglas Elliman agent Senada Adžem will spearhead the sales effort alongside team members Zaicha Martell-Spodak, Claudia Fisher, and Christopher Austad. The selection of Elliman reflects the developer's confidence in the luxury market potential for this prime Boca Raton location.

Boca Raton's city council unanimously approved the necessary land use changes in March, clearing the path for construction. BDT & MSD Partners has engaged New York architecture firm Hart Howerton, led by Jim Tinson, to design the complex. The firm previously designed notable projects including the Yellowstone Club and Naples Beach Club.

Purchasers will gain access to the extensive amenities of the Boca Raton Club, a 337-acre resort featuring more than 1,000 hotel rooms, 200,000 square feet of meeting space, two 18-hole golf courses, a 32-slip marina, beach club, tennis and pickleball courts, and 20 dining establishments. The original 1926 hotel was designed by renowned Palm Beach County architect Addison Mizner.

BDT & MSD Partners represents the 2023 merger between Byron Trott's BDT & Company and Michael Dell's MSD Partners. Dell, founder of Dell Technologies, maintains a net worth of $183 billion according to Forbes. The combined entity has focused heavily on luxury hospitality investments since the merger.

The developer acquired the Boca Raton resort from Blackstone for $875 million in 2019 and subsequently invested $375 million in renovations of the century-old property. In 2024, BDT & MSD secured $1 billion in refinancing for the resort, citing a 51 percent increase in revenue per room over five years.

The timing aligns with Boca Raton's current luxury real estate surge. Ultra-high-net-worth buyers are establishing new price benchmarks throughout Palm Beach County, with a spec mansion in the Royal Palm Yacht & Country Club approaching closure at an $80 million asking price, which would set records for both the neighborhood and the broader Boca Raton market.