The Boca Raton Resort: Marina Approval and $9 Million Residences

ByEric Levy, PA

The Boca Raton is not just a hotel near Boca’s best addresses. For owners in Royal Palm Yacht & Country Club, which sits just south of the resort, and for every waterfront homeowner on Lake Boca, it is the neighbor whose decisions move the feel, and eventually the value, of the whole shoreline. This month it made two of them.

Start with the backstory, because the scale explains the strategy. Michael Dell’s firm bought the resort for $875 million in 2019 and has since put roughly $375 million into upgrades. That is not a cosmetic refresh. It is a long-term owner rebuilding a landmark to a standard that supports everything around it, and then continuing to spend after the reopening applause has faded.

The marina: piers into Lake Boca, approved October 15

On October 15, the resort won approval to expand its marina piers into Lake Boca, replacing aging docks with modern floating ones. Waterfront owners understand what that means without a brochure. Floating docks handle tide and wake better, age better, and are what a serious marina is expected to offer now. Aging fixed docks at the most visible marina on Lake Boca were becoming the weak point of an otherwise fully repositioned resort.

For owners nearby, the effect is practical as much as symbolic. A modernized resort marina strengthens the boating infrastructure of the lake itself, and Lake Boca is the front yard of some of the most valuable waterfront land in the city. The amenity base beside Royal Palm and the Lake Boca waterfront keeps getting better funded, not older.

The residences: eight stories, from about $9 million

The next chapter is residential. An eight-story condominium building at the resort was approved by the City Council in March, with construction expected to start late this year. Residences priced from about $9 million are already finding buyers.

Read that number the way an owner should. A new condominium residence at the resort, without a private lot, without a dock of your own, starts at roughly $9 million. That price point now sits in the market as a reference. It does not set the value of a Royal Palm estate or a point lot on the Intracoastal; those are scarcer assets and priced accordingly. What it does is establish, in public, what buyers are paying simply to live inside the resort’s orbit. The private version of that same position, a house and lot of your own just south of the resort fence, is the asset Royal Palm owners already hold.

It also widens the buyer pool that matters to this shoreline. Every household that buys into the resort’s residences is a household that has chosen this exact stretch of Boca at a serious price. Some will be content there. Others will, in time, want the house, the dock, and the gate. Communities beside a strengthening resort do not have to manufacture that demand. It arrives next door.

What to watch

Two things, both already in motion. First, whether construction on the residences starts late this year as expected; an approved project and a building under construction are different signals, and the second one is stronger. Second, the marina work itself, because visible investment on Lake Boca is the kind of improvement every waterfront owner nearby benefits from without spending a dollar.

We track both in our Boca Raton New Developments hub, and the boating picture in our Boca Raton Waterfront hub. This story was first covered in our October issue, The New Boca Raton Takes Shape.

Sources (from the approved October 2026 issue):

By Eric Levy, PA — Coldwell Banker Realty, Boca Raton · (561) 654-6199 · Eric.levy@cbrealty.com · ericlevypa.com
Best of Zillow agent · 88 Zillow reviews at 4.9 stars · Ranked in the top 0.33% of 3,602 Boca Raton agents

A quiet next step: If you own on Lake Boca or in Royal Palm and want to know what the resort’s next chapter does to your position, call or text Eric at (561) 654-6199. The numbers for your street, privately, with no obligation.

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