Michael Dell Bet Big on Boca. Here’s Why I’m Not Surprised.

When Michael Dell’s investment firm bought the Boca Raton Resort & Club in 2019, the price tag made headlines. $875 million. Biggest deal of its kind in Palm Beach County history.

Some people thought that was a lot.

I thought it was smart.

Here’s why.

This place has history.

The resort dates back to 1926, when architect Addison Mizner opened it as the Cloister Inn on the shore of Lake Boca Raton. Nearly 100 years later, it’s still one of the most recognizable properties in South Florida.

You can’t build that kind of character from scratch.

He didn’t just buy it. He kept investing.

Since the purchase, the ownership group has reportedly poured hundreds of millions into renovations. In 2024, the property got a $1 billion refinancing. And now they’re looking at adding an eight story condo building on the grounds.

That’s not a flip. That’s a long game.

What this tells us about Boca.

When one of the most sophisticated investors in the world puts that kind of money into a single piece of Boca Raton, he’s making a statement about where the demand is going.

South Florida isn’t a trend. It’s a destination.

And it’s not just billionaires noticing. Buyers from all over the country keep showing up here, looking for sunshine, community, and a lifestyle they can’t find anywhere else.

What this means for you.

You don’t need $875 million to invest in this market.

Whether you’re buying your first home, upsizing, or thinking about an investment property, the same things that attract big money to Boca are working in your favor:

Location that holds its value.
A lifestyle people actually want.
A market that keeps growing.

Thinking about making a move in Palm Beach County? Let’s talk. I’d love to help you find your place in it.