"Senada Adžem, the executive director of luxury sales at Douglas Elliman, said before she started selling homes in the development, prices averaged around $6 million. Adžem broke the mold when she put a house up for sale in the neighborhood for $20 million in 2018. It took her two years to sell it for the first time, but it then sold several times after that. Just last month the same property, now remodeled, sold to Wahlberg for $37 million."
"Most of the houses have 2.5 acre lots, about the size of two football fields, and sit on the edge of an artificial lake, giving each home its own bubble of privacy. There is no golf club so people aren't coming in and out, said Adžem. Plus, the neighborhood isn't on the beach, so outsiders can't peep residents' backyards from their boats."
Stone Creek Ranch is a 37-home gated neighborhood in Delray Beach, Florida, attracting wealthy buyers who prioritize privacy and security over beachfront or golf amenities. Homes occupy roughly 2.5-acre lots and border an artificial lake, creating private buffers between properties and reducing external traffic and visibility. The community maintains guarded entrances and 24/7 armed security staff made up of former military and police, which lowers residents' need to hire personal security. High-end transactions include a remodeled property purchased by Mark Wahlberg for $37 million and multi-property sales totaling $43 million.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]