Despite global market challenges, Villa Valencia has experienced strong sales momentum in the last 30 days. In that time, the project sold $12 million of inventory, or four residences ranging from three- to four-bedrooms. Most new construction condominium projects have been selling at 30-50% of pre-COVID sales volume.

Many buyers are local to Coral Gables, a historically fortress market known for stability and long-term investment value, and others came from Mexico. The property is now 25% sold.

“These recent sales have reinforced the notion that high-quality and well-thought-out condominium residences will remain a prime interest, no matter the circumstance, as buyers see the long-term value that transcends the current climate,” said Rishi Kapoor, CEO of Location Ventures.

Villa Valencia recently introduced an exclusive, limited-offer financing program for serious buyers, adding a level of certainty in today’s market. The zero-finance opportunity, via an asset-based loan, provides funds to be applied toward a Villa Valencia contract deposit. 

The project’s estate-sized units span up to 6,263 square feet and provide intimate residential living without compromising space. Its boutique ambiance combines tropical modern interior spaces with Mediterranean design that is synonymous with Coral Gables.

Each of the condominium units will include the Delos DARWIN™ Home Wellness Intelligence network, which delivers residents with clean, fresh air, energizing light and pollutant-reduced water. Procured and installed by HEDsouth, a premier technology integration and automation company, Villa Valencia’s partnership with Delos’ allows the DARWIN system to align technology with nature’s intent by using innovation to bring the best of natural outdoor conditions inside. Villa Valencia is Delos DARWIN™’s first U.S. condominium partnership.

Residences start at $1.65 million. Construction is underway with completion anticipated for Summer 2021.

Article by Katya Demina

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