Boca Raton has once again positioned itself as the model of growth and vitality in Palm Beach County. Already the county’s most valuable city with $21 billion in taxable value, Boca Raton had the biggest jump in new construction, with an estimated net increase of over $400 million in 2017. As new communities, such as Kolter Urban’s chic and trendy Moderne Boca, continue to impress both national and international buyers, the cities trending direction will provide new and exciting opportunities for wide-range growth.
Rising Property Values
In Boca Raton, population and property values continue in the right direction. According to new data from the Census Bureau, Boca Raton gained 2,750 residents between mid-2015 and mid-2016. As of roughly a year ago, the city’s population was 96,114. That’s an increase of almost 14 percent since the start of the last decade.
The pace in nearby cities was nearly the same, showing growth not just in Boca but all of South Florida. Nearby Delray Beach added almost 1,200 people year over year, raising the population to 67,371.
Like long-time residents, those new residents will want excellent services and there will be more revenue for the 2017-18 budgets. Recently released final property rolls show that Boca Raton’s taxable value—the highest in the county—increased 7.1 percent from last year, to $22.5 billion.
Money also is flowing to Boca Raton from the one-cent sales increase that voters approved last November. Through March, Boca Raton had collected about $1.5 million, on sales within the county and sales of goods shipped to the county. Those totals are in line with county projections. Analysts had forecast that Boca Raton would receive between $52 million and $61.5 million over the 10 years the tax will be levied. Boca Raton has created an account to hold the money until the council decides how to spend it.
New Construction Spotlight Shines on Moderne Boca
With a never-before-available combination of modern design, maintenance-free living and solid concrete construction, Moderne Boca has raised the standard of luxury in South Florida. Ideally located in central Boca Raton, the chic, ultra-trendy design and functionality of the floorplans provide the ultimate maintenance-free lifestyle, so you can enjoy life to the fullest.
Down to the smallest detail, every element of Moderne Boca was built and designed with the thought of the carefree, modern lifestyle of today’s luxury homebuyer. Inside, plenty of natural light streams into the three-story residences, ranging from 2,128 to 2,794 sf of living area. Three floorplans offer 2-bedroom/den and 3-bedroom 3.5 baths designs with flexible living spaces for media rooms, guest suites, home offices or whatever you may choose!
Developed by the award-winning Kolter Urban, Moderne Boca checks all of the boxes for today’s urban dweller:
- Clean, Open Floorplans
- Contemporary Design
- Excellent Location
- Convenient, Community Extras
To learn more about this move-in-ready, central Boca Raton community, visit ModerneBoca.com or call 561-300-6787 to schedule a private tour. The Sales Gallery and designer models are open daily, located at 4202 N. Military Trail in Boca Raton.