Portofino Buyer’s Guide 2020

    Now Is The Time To Own The Portofino Lifestyle

    Portofino Island Resort is truly a world-class beach to bay experience unlike any other. The Portofino Lifestyle is a perfect balance of health, fitness, relaxation, recreation, and adventure which is why more people are choosing Portofino than ever before. Due to recent market adjustments, there is a once-in-a-lifetime opportunity to own your Portofino tower residence today at a historic value. Due to rising demand, evaporating supply, and rising rental rates, this opportunity won’t last long!

    Supply & Demand

    Pensacola Beach will never be overbuilt. Our lack of supply is due to the DCA (department of community affairs) putting a cap on the number of dwelling units allowed on our barrier island. Besides the remaining units that can be built at Portofino (234) there will not be any additional dwelling units built on

    Pensacola Beach. And, due to strict zoning laws, no single-family dwelling can be changed into additional dwelling units. By putting a ceiling on supply this will forever help protect our property values.

    The inventory at Portofino is far below the average 10% availability that you’ll see at most resorts. In the last 4 years, Portofino has continually stayed between a 2%-4% inventory level (20-30 units) on the market at any given time, out of 765 units total. This shows that demand has been high and continues to climb, causing prices to steadily increase.

     

    Appreciation Value

    The graphs below will show the increasing values of 2-bedroom and 3-bedroom units at Portofino. Tower 6—along with the additional 40,000 sq. ft. amenities package—will enhance the values of the current towers even more! This development is projected to break ground in the new year.

    Amenities

    Portofino Tower Residences are unlike any other condo development you’ll find on the Gulf Coast. With all-concrete construction, covered parking, air-conditioned lobbies on every floor, views of both the Gulf and the Bay from every room, and several amenities offered on property, it is luxury living at its finest.

    Beach-To-Bay Amenities include:

    • Motorized water & street rentals
    • Bayside water park
    • 63 ft. Catamaran cruises
    • Beach Chair set up
    • Kids camps
    • Live music
    • 5 Rubico Tennis courts with Tennis professional
    • 8 pools and hot tubs
    • Olympic style indoor pool
    • Spa services
    • Men’s & Women’s Sauna & steam rooms
    • 2 restaurants
    • 2 full–service bars
    • Full fitness center with exercise classes
    • Gift shop & market
    • Starbucks™ Coffee & smoothie bar
    • 24–hour courtesy patrol

    Whether it’s adventure, recreation, relaxation or health and fitness you’re seeking, Portofino Island Resort has it for you and your guests at a world-class level.

    Investment Opportunities

    Interest rates are at a record low and projected to hold.

    This is your chance to get the best of both worlds! You can vacation in your home whenever you want, and use Premier Island Management Group to rent your home while you’re away.

    Over the past eight years, rental nights at Portofino Island Resort have soared from 67,000 nights in 2011, to over 103,000 nights in 2019. That 52% increase represents an incredible investment opportunity.

    In addition to overall rental occupancy rising, average daily rates have steadily risen for both two and three-bedroom tower residences, further emphasizing the growing potential for Portofino owners.

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