A buyer calls about Alina Residences after seeing a blended price-per-square-foot figure somewhere online, usually pulled from a year of closed sales across the whole community. They ask for something in that range. The agent has to explain that the number they're quoting no longer describes anything for sale. Two of Alina's three towers sold out months ago, and the only door still open is priced well above that average.
This isn't a bait-and-switch. It's what happens when a three-building community gets built and sold in three separate waves, and the market keeps reporting the average as if it were still one product.
Three Towers, Three Years, Three Price Tiers
Alina sits on Southeast Mizner Boulevard between the Boca Raton Resort & Club's golf course and downtown, and it was never one building. It's 303 residences split across ALINA 200, ALINA 210, and ALINA 220, and each tower came onto the market on its own schedule.
| Tower | Residences | Completion / Certificate of Occupancy | Status as of September 2026 |
|---|---|---|---|
| ALINA 200 | 121 | Completed March 2021 | Sold out, occupied for several years |
| ALINA 210 | 30 | Final CO in 2024; closings began January 2025 | Sold out as of spring 2026 |
| ALINA 220 | 152 | Temporary CO January 9, 2025; closings began immediately | Only remaining developer inventory, down to roughly 10 units by August 2026 |
That timeline matters more than the finish package. A residence in Building 200 was priced against 2021's downtown Boca market. A residence in Building 220 is being priced against 2026's. The buildings share amenities and an address, but they were never selling into the same market at the same time.
The Number That Already Expired
Pull MLS activity for the twelve months ending in April 2026 and Alina looks like a single, coherent product: 37 condos changed hands, the average sale price landed at $4,180,095, and the blended price came out to roughly $1,080 per square foot, with homes taking an average of 183 days to sell.
That average includes sales from Building 200, where inventory has been circulating on the resale market for years at a lower basis, mixed in with newer closings in 210 and 220. It's a fair description of the last twelve months. It is not a useful guide to what's actually for sale today, because the cheaper half of that blend no longer exists as available inventory.
Compare it to what's actually closing now. On August 26, 2026, a residence at ALINA 220 sold for $6.75 million on 4,265 square feet of interior space, which works out to about $1,580 per square foot. That's roughly 46 percent above the trailing twelve-month blended average, and it's not an outlier. It's simply what the only remaining tower is commanding.
The developer's own numbers back this up. El-Ad National Properties reported more than $60 million in sales during the 2026 winter-spring season, a run that pushed ALINA 210 to a full sellout and left ALINA 220 as the only tower with developer residences remaining. Jay Phillip Parker, CEO of Brokerage for Douglas Elliman Florida Region, which markets the community, credited the pace to "the level of demand we are seeing for well-executed luxury product in Boca Raton."
By August, citybiz reported the community had surpassed $90 million in 2026 sales, with more than $30 million of that coming over the summer alone, and only about 10 developer residences left in Building 220.
Orientation Adds Its Own Layer
Even within the one tower that's still selling, the per-square-foot number isn't flat. Two recent listings make the point.
Residence 907, an east-facing three-bedroom-plus-den unit on the ninth floor with roughly 3,983 square feet of interior space, listed at $6.821 million. That's about $1,712 per square foot before counting its terrace.
Penthouse 922, a south-facing four-bedroom unit with more than 4,400 square feet of interior and over 5,000 square feet of total living space once terraces are included, listed at $8.107 million. That pencils to somewhere north of $1,800 per square foot of interior space, driven by panoramic views that stack the Atlantic Ocean, the Intracoastal Waterway, the golf course, and the downtown skyline into a single sightline.
Same building, same completion date, same amenity package. The gap between them is orientation and view corridor, and it's worth roughly $130 to $150 more per square foot. For a buyer comparing units inside 220, that's the variable that actually moves the price, not the building name.
The Carrying Cost Buyers Skip
Purchase price gets all the attention, but the monthly HOA is where the community's variability shows up again. Documented ranges across recent MLS listings run from the low-to-mid $1,500s per month on smaller Phase Two units up to $2,500 to $3,000 or more on larger ones, and at least one publicly listed resale in Building 210 has carried a monthly fee above $4,800.
That's not a defect. Full-service buildings with staffed entries, two rooftop pools, spa facilities, and a dedicated golf and sports simulator cost real money to run, and Alina's amenity list, including the community's recent recognition as one of the first residential communities to receive the Forbes Travel Guide VERIFIED Luxury Residences designation, reflects that level of service. But a buyer comparing purchase prices without pulling the current budget and reserve study is comparing incomplete numbers. The HOA swing between a smaller Phase Two unit and a larger one is wide enough to change the real monthly math independent of what the unit cost to buy.
What This Means If You're Comparing Alina to Something Else
For a relocator or investor sizing up Alina against other downtown Boca options, the average price per square foot isn't the right anchor anymore. Three questions get closer to the real number:
- Which tower is the unit actually in, and when did that tower deliver? Building 200 and 210 inventory is now resale-only, subject to estoppel review, current association budgets, and reserve studies rather than developer pricing.
- What does the unit face? Within Building 220 alone, view corridor is adding a few hundred dollars per square foot between an east-facing residence and a south-facing panoramic one.
- What's the trailing twelve-month HOA history for that specific residence, not the community-wide range? A $1,500-a-month unit and a $4,800-a-month unit are different ownership costs even at the same purchase price.
None of this makes Alina a harder place to buy. It makes the blended average the wrong tool for pricing what's actually on the market in September 2026. The right comparison is tower by tower, and increasingly, unit by unit.
A Few Questions Worth Asking Directly
Is there still a lower-priced way into Alina now that two towers are sold out? The only path into Building 200 or 210 today is resale, which means pricing is set by individual sellers and current market conditions rather than the developer's original schedule. Each resale should come with a current estoppel certificate, budget, and reserve study before an offer is written.
How much developer inventory is actually left? As of August 2026, reporting put the remaining developer-owned residences at ALINA 220 at roughly 10 units, a number that changes with each closing and should be reconfirmed before scheduling a tour.
Does a higher price per square foot in Building 220 reflect better construction, or just later timing? Both play a role. Later-phase buildings tend to launch with updated finish packages and pricing set against the market at delivery, not the market at groundbreaking. The premium reflects both.
If you're weighing a purchase at Alina against another downtown Boca Raton address, or trying to figure out whether a resale in the earlier towers makes more sense than the remaining inventory in 220, The Ina Bloom Team can walk through the current numbers tower by tower. Request a Private Consultation to get a clear read on what a specific residence actually costs to own, not just what it costs to close.
