Bay Harbor Project 3
New Construction in Bay Harbor Islands, FL 33154
Description
A completed ground-up new-construction project in Bay Harbor Islands, Florida. The property was acquired in May 2022, construction began that September, and the finished 6-bedroom residence sold in March 2024. Figures on this page reflect the finalized project P&L.
Total Project Cost
$7,093,341
Equity Min Investment $0 | Development Loan Min Investment $0
CompletedLearn more about the purchase process| Home Size | 5,757 SF |
| Sale Price/SF | $1,320 |
| Total Sale Price | $7,600,000 |
| Total Development Costs | $7,093,341 |
| Profit | $316,659 |
| Margin of Safety | 6.67% |
| Uses | $ | % | PSF |
|---|---|---|---|
| Land | $2,700,000 | 38.06% | $469 |
| Construction Costs | $3,423,365 | 48.26% | $595 |
| Financing & Closing Costs | $238,120 | 3.36% | $41 |
| Taxes & Other | $731,857 | 10.32% | $127 |
| Total | $7,093,341 | 100.00% | $1,232 |
| Sources | $ | % |
|---|---|---|
| Loan | $0 | 0% |
| Equity | $0 | 0% |
| Total | $0 | 100.00% |
Freehold Crowd
How It Works
Find A Project
Freehold Crowd is a real estate investing platform that gives investors direct access to individual residential development opportunities.
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Invest
Review the financials and timeline, then commit capital online. We handle escrow, documentation, and verification of accreditation.
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Sit Back And Receive Your Return
Upon project completion and sale, distributions are paid out according to the published waterfall or simple-split terms.
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Benefits Of Freehold Crowd
Security
Every project is structured through a single-purpose LLC with title insurance, GC bonding, and third-party project monitoring on each draw.
High Returns
Returns are driven by ground-up development margins — typically 14–25% target ROI — rather than passive rental yields.
Leverage
A senior construction loan amplifies investor equity, lowering capital required while maintaining a strong margin of safety.