Living large at Luxuria [South Florida]
Would you like to live in Boca Raton on the ocean?
If you have a friend who sells real estate, you can both be happy at Luxuria, a 24-unit condo that immodestly bills itself as the most “grandiose and extravagant residential building ever constructed in South Florida.”
At a time when the news is mostly all bad about real estate, Luxuria is further evidence that the rich are different. Regardless of rising gas prices and stock market volatility, they still have more money. Exhibit A: The recent blockbuster, $81.5 million price paid for a Palm Beach home.
Luxuria buyers seem impervious to the economy, too. With prices starting at $4.6 million and going up to more than $12 million, these “estate homes,” as the developer calls them, are as big or bigger than a single-family home. Sizes range from 4,500 to 12,000 square feet. One buyer bought two units to create a 9,000-square-foot apartment.