The Lotus Palm Grand Opening & Lot Selection Drawing is Here!

Posted by Jeremy Olsher on Monday, July 18th, 2022 at 1:37pm.

If you’re interested in building a brand-new home near Boca Raton or Delray Beach, then you’ve probably heard of GL Homes’ latest community, Lotus Palm. With all of Boca and Delray’s other newer construction communities sold out (Lotus, Boca Bridges, Seven Bridges, Berkeley, etc), Lotus Palm is your opportunity to purchase, design, and build a new house.

If you’re not aware of what Lotus Palm is all about, check out this blog about floorplans, amenities, schools, and more. 

And now, after months of waiting, the date of the Lotus Palm Grand Opening and lot selection drawing has finally been announced! The grand opening will be on Friday, August 5, at 9:00 AM, and it will be broadcasted from the Lotus sales office via Zoom. However, in order to be entered in the lot drawing, your reservation paperwork and your $10,000 reservation deposit must be received by Wednesday, August 3.

How do I enter the Lotus Palm lottery?

As experienced Delray Beach and Boca Raton realtors, Jeremy Olsher and the Mizner Residential Group are here to answer any questions you may have and simplify the process as much as possible. We’re happy to explain everything from lottery systems, to lot selection, to where to even start (and anything in between). Call or text Jeremy any time at 561-400-3737. We’re also happy to show you the model homes before the lottery (but in order to represent you, I must be present on your first visit, or you must give my name at the sales center).

To enter the Lotus Palm lottery, here are 3 important things you MUST do:

  1.      Deliver a reservation deposit check by no later than Wednesday, August 3rd, 2022 in the amount of Ten Thousand Dollars ($10,000.00) made payable to “Lotus Palm” along with your reservation paperwork. The reservation deposit will be fully refundable if you do not select a lot or do not subsequently enter into a contract for purchase of a home. Please note that the reservation deposit check must be from an account in the actual name of the buyer purchasing a lot (NO THIRD-PARTY CHECKS OR CREDIT CARDS WILL BE ACCEPTED - including trust checks, company checks, in trust for or other non-personal checks).
  1.      Complete all necessary paperwork, which includes the following:
  •         Buyer Reservation Form, Reservation Deposit Form, Disclosure Summary for the Lotus Palm Homeowners Association
  •         Copy of ID
  •         A copy of your Deposit Check “payable to Lotus Palm” (Please FED EX original) *details below
  •         Your pre-qualification letter (if holding a mortgage)
  •         Cash Purchasers - As a prerequisite and prior to your execution of the Purchase Contract, proof of funds will be required to be submitted to Seller no later than three (3) days following the Lot Selection Drawing (i.e., by Monday, August 8, 2022)
  1.      Complete the Lot Selection Form (list of preferred lots in order of Preference)

The Mizner Residential Group is here to help you make the necessary arrangements to have your reservation deposit check and paperwork delivered before the end of the pre-registration period (Wednesday, August 3rd). Call or text us at 561-400-3737 with any questions or to get started.

What else do I need to know about the Lotus Palm lottery?

Aside from what’s needed to enter the Lotus Palm lottery, here are a few other important things to know:

  • A Zoom link will be provided to all participants upon the verification and receipt of all required pre-registration documents and the reservation deposit.
  • One Drawing Spot Per Immediate Family. Lot drawing spots are not transferrable so whatever number is given out to a buyer, the persons/couple with that selection number are the ones that will have the opportunity to go to reservation and execute a contract. Only one lot drawing spot per immediate family will be given out. If it is determined that any person or immediate family received more than one number for the drawing, their entries will be cancelled.
  • To view Lotus Palm floorplans and pricing, click here
  • To read more about the amenities available in Lotus Palm of Boca Raton, click here.

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