The Second Lotus Palm Lottery & Lot Selection Drawing is Here!

Posted by Jeremy Olsher on Wednesday, September 7th, 2022 at 12:00pm.

GL Homes’ newest community, Lotus Palm of Boca Raton, recently had it's Grand Opening on August 5. One hundred homesites were released at Lotus Palm, and every one sold within a 10 hour period in just one day! Due to the demand, GL held a Lottery to determine the order of lot selection and broadcasted it via Zoom.

GL is now taking names and paperwork for future homeowners, with the next lottery and lot drawing taking place this week. It will take place on Friday, September 9 at 9:00 a.m. and be broadcasted via Zoom for all eligible participants to watch. Reservation paperwork and deposits are due by 12:00 p.m. on Thursday, September 8. 

How do I enter the next Lotus Palm lottery?

With all of Boca & Delray’s other newer construction communities sold out (Lotus, Boca Bridges, Seven Bridges, etc), Lotus Palm is your opportunity to purchase and build a new house. As your trusted Delray Beach and Boca Raton realtors, Jeremy Olsher and the Mizner Residential Group at Compass are available to answer any questions you may have. Whether you're unsure about how lottery systems work, how to select the best lot, or where to even begin, we are here to help! 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).

In order to be eligible to participate in the Lotus Palm Drawing, you will need to submit the following items by 12:00 p.m. on Thursday, September 8th:

  1.      A reservation deposit check by in the amount of $10,000 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, WIRES, OR CREDIT CARDS WILL BE ACCEPTED)
  1. Your Reservation Paperwork packet, which includes the Buyer Reservation Form, Reservation Deposit Form, and Disclosure Summary for the Lotus Palm Homeowners Association.

How will the lot selection drawing and process work?

  • At 8:50 AM on Friday, September 9th, buyers will be allowed into the Zoom Meeting to view the Lot Selection Drawing. 
  • At 9:00 AM, we will begin the Lot Selection Drawing to establish the priority order for buyers to purchase a home. At that time, a random drawing of names will take place from all potential buyers who pre-registered.
  • Once the prospects name is called, the sales agent will call the prospect on the phone number provided on the Reservation Deposit Form.
  • The prospect will have five (5) minutes to ask any questions and select an available lot and home.
  • There are no preapprovals needed for this lot selection drawing!
  • Contracts must be returned by Wednesday September 14th!

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

  • All participants will be sent a Zoom link upon the verification and receipt of all required pre-registration documents and the reservation deposit.
  • One Drawing Spot Per Immediate Family
  • Lotus Palm home prices have recently changed, and are now starting from $1,169,900 to just over $2M
  • To read more about the amenities available in Lotus Palm of Boca Raton, click here
  • Lots to be released are outlined with blue lines. The top section is for the Bali Collection and the Bottom Section is for the Fiji Collection. The green dots show what is available.

 

 

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 (Thursday, September 8). Call or text us at 561-400-3737 with any questions or to get started.

 

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