Billionaires Barry Sternlicht & Jeffrey Soffer Unveil $27M Eco-Luxury Condos on Jupiter Island

Key Points

• Jeffrey Soffer’s Fontainebleau Development and Barry Sternlicht’s Starwood Capital Group have commenced sales for 1 Homes Jupiter Island, a luxury 1 Hotels-branded condominium project at 300 Beach Road in Tequesta, Florida.​

• The 10-story development will feature 26 oceanfront residences ranging from 4,000 to 6,000 square feet, each offering three to four bedrooms. Prices span from $11 million to $27 million.​

• Amenities include a beachfront swimming pool, private cabanas, summer kitchens, and wellness facilities. 

• The development is expected to be completed in 2027.

A New Chapter in Jupiter Island Luxury

This project marks Soffer’s second boutique condo venture on Jupiter Island, following the successful $168.8 million sellout of SeaGlass Jupiter Island in 2023. Traditionally known for its luxury single-family homes, the area is experiencing a surge in high-end condominium developments.​

Design and Features

Designed by Miami-based Swedroe Architecture with interiors by Fanny Haim & Associates, the residences will be furniture-ready, featuring custom kitchens with European and American stones, energy-efficient appliances, and smart home automation. Three penthouses will offer private rooftop terraces with summer kitchens and hydrotherapy spas, while two beach residences will include oversized terraces with private pools.

Market Appeal

Despite its legal and structural issues, the property has attracted significant interest from family offices and developers. Tony Arellano of Dwntwn Realty Advisors noted that it offers a rare opportunity in a prime Coconut Grove location.​

Keeping Up With Demand

1 Homes Jupiter Island represents a significant addition to the luxury real estate landscape of South Florida. With its prime location, high-end amenities, and the backing of renowned developers, the project is poised to attract discerning buyers seeking exclusive oceanfront living.