Bay Harbor Project 1
Complete Remodel in Bay Harbor Islands, FL 33154
Description
Located in the prestigious Bay Harbor Islands town, separated from the mainland by Biscayne Bay. Features proximity to the Kane Concourse business district offering high end shopping, fine dining, professional offices and art. Near multiple top-rated K-8 schools. A complete remodel of a 3,250 SF residence on a 10,625 SF lot.
Total Project Est.cost
$2,140,084
Equity Min Investment $10,000 | Development Loan Min Investment $10,000
CompletedLearn more about the purchase process| Home Size | 3,250 SF |
| Estimated Sale Price/SF (base case) | $1,077 |
| Total Estimated Sale Price | $3,500,000 |
| Total Development Costs | $2,140,084 |
| Estimated Profit | $1,184,916 |
| Margin of Safety | 38.85% |
| Uses | $ | % | PSF |
|---|---|---|---|
| Land | $1,975,000 | 92.29% | $608 |
| Construction Costs | $699,875 | 32.70% | $215 |
| Financing & Closing Costs | -$534,791 | -24.99% | -$165 |
| Taxes & Other | $0 | 0.00% | $0 |
| Total | $2,140,084 | 100.00% | $658 |
| Sources | $ | % |
|---|---|---|
| Loan | $2,139,900 | 88.89% |
| Equity | $267,488 | 11.11% |
| Total | $2,407,388 | 100.00% |
Freehold Crowd
How It Works
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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.