Surfside Project 2
New Construction in Surfside, FL 33154
Description
Located in the town of Surfside, FL, this property represents a completely new construction incorporating key architectural concepts such as simplicity, efficient design, and purposeful materials. The design uses differentiating textures and material changes to create an ever-changing dynamic structure that fits the quaint and modest neighborhood character while maximizing lot potential.
Total Project Cost
$3,567,770
Equity Min Investment $10,000 | Development Loan Min Investment $10,000
CompletedLearn more about the purchase process| Home Size | 3,950 SF |
| Sale Price/SF | $1,087 |
| Total Sale Price | $4,295,000 |
| Total Development Costs | $3,567,770 |
| Profit | $512,480 |
| Margin of Safety | 16.93% |
| Uses | $ | % | PSF |
|---|---|---|---|
| Land | $1,200,000 | 33.63% | $304 |
| Construction Costs | $1,820,000 | 51.01% | $461 |
| Financing & Closing Costs | $380,770 | 10.67% | $96 |
| Taxes & Other | $167,000 | 4.68% | $42 |
| Total | $3,567,770 | 100.00% | $903 |
| Sources | $ | % |
|---|---|---|
| Loan | $2,296,408 | 80.37% |
| Equity | $560,796 | 19.63% |
| Total | $2,857,204 | 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.