Wellness real estate in North America is worth US$ 52 billion and is growing 6.4 per cent annually, with growth estimates up to US$ 180 billion internationally by 2022, according to the Global Wellness Institute’s Build Well to Live Well report. But then came Covid-19 and wellness has quickly taken on a crucial new role around the globe. Couple that with recent news of housing “starts” up by 17% and the lowest mortgage rates in half a century and the future is bright for wellness real estate. It is especially attractive at Amrit Ocean Resort & Residences. a soon-to-open wellness destination on 7.5 acres of ocean front property on Singer Island in Palm Beach County, Florida.
As a barometer of interest in embracing wellness as a lifestyle, four contracts were signed in one week this month for Amrit residences. These new condo owners chose to pay a premium – compared to the property’s comp set – since now they will not only be surrounded by breathtaking natural, oceanfront beauty but also they will have access to 100,000 square feet of next-level, cutting edge-wellness and spa amenities, just an elevator ride away.
As further incentive to the booming wellness real estate market, Amrit has just announced that any buyer purchasing an Amrit residence between now and end of October will be automatically enrolled in the resort’s Personalised Wellness Support System which includes:
- A monthly consultation with wellness experts from the fields of fitness, nutrition, mindfulness, hair & scalp health, Ayurvedic, integrative medicine and more.
- A Personalised Road Map to Wellness created for them.
- Weekly support for the personalised plans from a Wellness Assistant.
- Two 60-minute spa treatments a month for a year – ranging from Acupuncture Facials to Reiki Massage; from Reflexology to Tibetan Sound Bowl Chakra Balancing.
When real estate developer Dilip Barot, first began planning Amrit, with a tower named “Peace” and another named “Happiness” and a total of 182 residences and 155 resort guestrooms, he foresaw a trend of people craving lifestyles that would help them to live healthier, happier and longer. His team worked with spa, health and wellness luminaries to develop mind/body therapies designed around the Five Pillars of Wellness: Nutrition, Fitness, Mindfulness, Relaxation and Sleep. But he never imagined a global pandemic would be a key market driver right before his new wellness destination opened.
Resort visitors and residents will benefit from a community where people seek out not only the amazing surrounding natural beauty that includes an expansive Atlantic beachfront, tropical mangrove forests and peaceful intracoastal waterways, but also spa amenities that include: the Aayush Hydrotherapy Circuit; Cyrotherapy; IV Infusions; and a wide range of beauty and body treatments from Ultimate Scalp and Hair Rejuvenating Treatment to Ayurvedic Therapies as well as fitness classes including: Yoga, Spin, TRX, Meditation, Tai Chi, Pilates, Bootcamp, Qi Qong, IV infusions and Cryotherapy.
Amrit’s residences range from 1,300 to 3,400 square feet and each has an average of 1,000 square feet of terraces-with-a-view. The towers also have eleven different Penthouses; each with their own rooftop terrace, with private elevator access, and each include an outdoor kitchen and outdoor living room plus a fire pit and hot tub!
According to Barot, “Just as many avid golfers became part of residential golfing communities, those seeking healthier lifestyles now look for this kind of community when purchasing first or second homes.”
Source: amritocean.com
