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Luxury condominium · Bay Harbor
Palm Isle Residences
96 residences, delivered 2025 and sold out; returned 1.67x equity to Fund I investors.
Stage
Sold out
100% through plan
Sellout
$255M
96 residences · $1,557/SF
Total cost
$196M
$2.0M per unit
Profit
$46.0M
23.4% on cost
Equity
$68.7M
1.67x multiple
Program
- Land
- 38,900 SF (0.89 ac)
- Height
- 24 stories
- Residences
- 96
- Saleable area
- 163,700 SF
- Land per unit
- $182K
- Next step
- Final distribution issued
- Owner · due
- Daniela Ortega · 2026-09-30