Waterfront condo community hits $12M in monthly sales volume

BRADENTON — A 23-building, 200-unit waterfront condo community posted a solid March, with 23 units sold.

The 23 units sold for a cumulative $12 million, according to a release. The gated community, the Palma Sola Bay Club, is now nearly 80% sold out, the release adds, with 11 condos available for pre-sale. Onsite sales and marketing for Palma Sola Bay Club is overseen by Michael Saunders & Company.

New Smyrna-based Prospect Real Estate Group is the developer behind the project. “Based on the incredible pace and demand of sales, we fully expect to be sold out by June 2021,” PREG Chairman and Investment Strategist Richard S. Zahn says in the release. “Our general contractor, BCC Construction, is fully mobilized to complete the construction of the remaining buildings by summer 2022.” 

Each mid-rise building at Palma Sola Bay Club has two- and three-bedroom condos that are energy efficient and low maintenance, the release states. This is the fourth and final phase of the development, which has won best-of awards at Parade of Homes showcases four years in a row, the release adds.

“We are committed to building beautiful, well-crafted residences with a long-term focus on making a difference in the lives of our homeowner-residents,” Zahn says.

Prospect Real Estate Group has more than 20 years experience acquiring, building and developing projects across the country. A vertically-integrated company, PREG owns businesses that perform a range of construction and development services for its clients including residential and commercial construction, renovation and aviation.