Rental nights at Portofino Island Resort have soared from 67,000 nights in 2011, to over 111,000 nights in 2022. That 66% 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. 2022 had an increase of 2.84% in room revenue compared to the previous year.
The demand for our slice of paradise is ever increasing, We continue to collect awards for the natural beauty of our beaches and its unparalleled lifestyle. Our low density environent truly seperates us from nearby beach communities East and West of us along the Gulf Coast.
The lack of supply on Pensacola Beach is due to the DCA (department of community affairs) putting a limit 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. Due to strict zoning laws, no single-family dwelling can be changed into additional dwelling units. By putting a ceiling on supply this should forever help protect our property values.
2022 was a record breaking year on Pensacola Beach. Portofino saw high demand with less than 1% available inventory (5-10 units out of 765) on the market. This shows the demand is at an all-time high, causing values to appreciate quickly.
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:
2023 Portofino Island Resort and Spa Association Dues provide the following amenities and services:
• State of the art fitness center
• Five lighted Rubico tennis courts
• Cobalt Bar with pool side service
• Al Fresco for outside dining
• Coastal restaurant for exquisite indoor dining
• 24-hour courtesy patrol
• Basic television with upgrade options
• Water, sewage and trash
• Wireless Internet & Basic Cable TV
• Insurance– wind, flood, hazard and general liability for common areas
• Full-service spa equipped with sauna,
steam room and professional massage
• 25-meter indoor heated lap pool
• 2 geothermal lagoon pools each with
oversized heated whirlpools
• Each tower has 70 ft. heated pool with oversized heated whirlpool
• Pest control services
• Maintenance of common areas
• Pool maintenance
• Architectural landscape maintenance
Estimated Property taxes: 2 bedroom - $4,000/year 3 bedroom - $6,000/year
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!
Portofino Island Resort is a true 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!
Levin Rinke Realty | Copyright 2023