Vigorous Sales Put Vistablue Singer Island Closer To Sell Out As Completion Nears

12/15/17

Sales of condominium residences at VistaBlue Singer Island, the first luxury condo the island has seen in nearly a decade, were brisk this fall – well in advance of the start of the winter sales season. The Douglas Elliman Development Marketing sales team placed five condominiums under contract at the 58-unit boutique property in a period of just two weeks, bringing the property up to 60% sold. The property will be delivered, move-in ready, in the first quarter of 2018.

According to MLS data, sales at VistaBlue outpaced the entire Singer Island luxury market. So far in 2017, 21GliddenSpina, with interiors by award-winning firm Interiors by Steven G.,residences at VistaBlue feature 10-foot high ceilings (12-foot in the penthouses), open modern floor plans, floor-to-ceiling windows, imported Italian porcelain tile flooring indoors and out, designer kitchens with Poggenpohl® custom cabinetry and Miele® appliances, and oversized wrap-around terraces offering sweeping views of the Atlantic Ocean and Intracoastal Waterway. Five-star amenities include an elevated pool terrace and sundeck overlooking the Atlantic, a club room and social lounge with two bars, and a state-of-the-art fitness center with his and hers saunas.

Less visible, but equally remarkable construction features include exterior concrete reinforced with galvanized steel to prevent corrosion from the ocean air; mold-resistant drywall and waterproof stucco; enhanced soundproofing between floors; 150-mile-per-hour hurricane impact windows; level five drywall finishes; and a waterproofed electrical main.

Earlier this year, developer Third Palm Capital unveiled four fully finished and furnished model residences on the fourth and fifth floors of the property. To date, two of the four model residences – which are completely turn-key – have been placed under contract.

VistaBlue Singer Island will be delivered move-in ready in the first quarter of 2018. Residences can be obtained for a 20% deposit, held in escrow until closing.

For more information, visit www.vistabluesingerisland.com.

ABOUT THIRD PALM CAPITAL

Third Palm Capital is a national real estate investment and development firm that owns, operates, and develops diversified properties in select core markets. We rely on our Guiding Principles to deliver the highest quality residential, commercial and resort properties to our customers. We have over $1 billion in assets including active investments in New York, California, Florida, and Texas. Our portfolio emphasizes luxury residences, mixed-use communities and resorts. Third Palm is sponsored by the Dart Family and enjoys substantial capitalization and a long-term commitment to becoming the pre-eminent real estate development firm in the United States. For more information, visit www.thirdpalmcapital.com.

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