Surfside Project 1
New Construction in Surfside, FL 33154
Description
This property is located in the town of Surfside, FL, a beautiful oceanfront community in South Florida. The house was built in 1946 and underwent complete new construction. Upon completion, it is 4,050 SF with 6 bedrooms and 4.5 baths. The architectural design emphasizes simplicity, efficient design, and purposeful materials, with varying volumes highlighted through textures and ornate trim.
Total Project Cost
$4,040,000
Equity Min Investment $10,000 | Development Loan Min Investment $10,000
CompletedLearn more about the purchase process| Home Size | 4,050 SF |
| Sale Price/SF | $1,099 |
| Total Sale Price | $4,450,000 |
| Total Development Costs | $4,040,000 |
| Profit | $208,000 |
| Margin of Safety | 9.21% |
| Uses | $ | % | PSF |
|---|---|---|---|
| Land | $750,000 | 17.26% | $185 |
| Construction Costs | $2,065,000 | 47.51% | $510 |
| Financing & Closing Costs | $1,249,318 | 28.74% | $308 |
| Taxes & Other | $282,000 | 6.49% | $70 |
| Total | $4,346,318 | 100.00% | $1,073 |
| Sources | $ | % |
|---|---|---|
| Loan | $2,221,317 | 88.10% |
| Equity | $300,000 | 11.90% |
| Total | $2,521,317 | 100.00% |
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