Signing Near Delivery at the Ritz-Carlton Palm Beach Gardens

Where the Project Stands

Catalfumo Companies broke ground in early 2024 on three seven-story buildings at 2200 PGA Boulevard, holding 106 residences on 14 Intracoastal acres, and the building page carries the record. Seawood Builders of Deerfield Beach is the general contractor, brought in before construction began in place of Suffolk Construction. The project carries construction financing from Madison Realty Capital, among the largest new-development residential loans recorded in Palm Beach County. Deposits run on a schedule staged against construction milestones through closing, and the escrow arrangements belong in the purchase agreement rather than in conversation.

A buyer entering now joins a project late in its build rather than at the paper stage. The question is no longer whether the buildings rise. The question is what the documents say. Our product study of the building covers the plans and the amenity program. The county pipeline frames where this delivery lands among sixteen active projects.

Fifteen Days, Even Now

The state's condominium statute hands every new-condominium buyer fifteen days to cancel, penalty-free, once the contract is signed and the condominium documents delivered. Keys this near make the window the buyer's best leverage rather than a formality, and the reading list is concrete. Whatever the contract attaches, the unit plan, the square footage, the specification schedule, is what you will own. Whatever the gallery shows but the contract does not attach is marketing.

Even with delivery scheduled inside the year, the outside completion date deserves your attorney's first hour, because that clause, not the schedule, holds your remedies if the date moves. Construction calendars can slip in their final months, and the contract already says what happens then.

The Assessment, the Slip and the Cabana

Monthly assessments scale with unit size, and there are no separate club membership fees layered on top. The fee funds Ritz-Carlton branded management, full-time concierge and 24-hour security. It also covers marina maintenance, pool and grounds upkeep, building insurance and reserve funding. Branded management at this tier runs higher than a self-managed building because the operator staffs and oversees the property directly. The association budget and the reserve schedule sit in the condominium documents, and with keys this close they deserve a line-by-line read with counsel before the window closes.

The water adds its own arithmetic. The 29 marina slips are leased by residents rather than purchased, and Catalfumo Companies retains ownership of the marina. A boat owner should price the lease term alongside the assessment. Six of the pool cabanas are sold individually as well. Dues, taxes and insurance begin when title passes, not at contract, and at this project title passes soon.

Property tax deserves the same early look. Palm Beach Gardens taxes are assessed at the county level. New construction is typically assessed near the purchase price in the first year, so the first bill should be budgeted from the contract price rather than from an older comparable. Florida's homestead exemption reduces taxable value by up to $50,000 for primary residences and caps annual assessment increases at 3 percent. A buyer purchasing as a second home or through an entity receives neither benefit, which can mean a materially higher annual obligation. A tax advisor should model the position before contract.

Rentals, Assignment and the Exit

Rental rules live in the declaration of condominium, which has not been published. Branded buildings usually set minimum lease terms and require association approval of tenants, and they tend to restrict rentals more tightly than unbranded ones, which keeps owner occupancy high. A buyer who intends to lease should read the declaration for lease length, annual limits and board approval steps before the window closes. We can obtain the governing documents for review.

Assignment is the second clause worth reading even if you never expect to use it. Developer contracts at this tier commonly keep assignment off the table until title passes, so a buyer who may want an early exit should have the position stated in writing first. Resale is the one subject with nothing to cite. The building has not delivered, no resale ledger exists, and the market that forms after closing will set values that the contract price does not promise.

The Sibling on the Tower Format

The same flag flies over a second county project, and the two purchases read differently. The Ritz-Carlton Residences West Palm Beach is a 27-story tower of 138 residences on the Intracoastal at 1717 North Flagler Drive. It has been under construction since February 2026 toward 2028 keys, with pricing from $3M. Ownership there carries membership in the Cove Club, a private waterside club in West Palm Beach, and Marriott Bonvoy enrollment, where the Gardens project folds its service into the assessment with no club fee. A buyer weighing the tower should read our companion diligence guide to the West Palm Beach sibling, because its calendar pushes the same checks two years out.

The products differ as much as the calendars. The tower's plans run 1,532 to 3,331 square feet across two to four bedrooms, where the Gardens standard plans run 2,780 to 5,120 with a garage beneath each home. One purchase is a waterfront tower residence with keys in 2028. The other is an estate-scale plan with a marina at the door and a closing on this year's calendar, and that difference shapes which checks matter first.