It's that time of the year when people from all over make their way to Florida for some fun in the sun while the rest of the country braces for winter and VistaBlue is hoping that the increase in people to the area will result in some sales.
The 19-story building, which began construction a year ago, is the first condo tower built on the island since the Ritz-Carlton Residences Singer Island opened in 2008. It will have just 58 units, which range in price from $1.4 million to nearly $8 million for penthouses. The building is set to be completed in January of 2018.
While up to this point VistaBlue has only sold a handful of units, they are hoping to get a big boost this holiday season with an enticing offer.
VistaBlue is the exception to most rules when it comes to new developments. While most condo developments don't start construction untill the recieve a minimukm number of pre-construction sales contracts, the developers of VistaBlue self-financed the construction. As a result, VistaBlue won't touch a penny of the buyers' 20% deposit held in escrow until closing.
“We don’t want to use our buyers’ money,” said Randall Tuller, executive manager of Third Palm Capital, VistaBlue’s Dallas-based developer. “Developers should take the risks. We don’t like to offload the risk to our buyers.”
Amenities will include an elevated pool terrace and sundeck overlooking the ocean, cabanas, a spa pool and two gas-fire pits, a fitness center and saunas, and a private beach.
For more information on VistaBlue, call John Nugent and his Singer Island team at 561-626-7272.