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Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction Lakeview New Construction

Lakeview New Construction

Miami Beach, Lakeview, FL 33140

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Bedrooms

4
|

Bathrooms

4
|

Area

2600 image/svg+xml
Description

This property is an ideal opportunity located in Lake View, one of Miami's most family-friendly neighborhoods. The property is located only a short distance from La Gorce Country Club and Fisher Park, and is driving distance from Miami's most famous beaches.  As is, the property has an open floor plan with 2,926 total sq ft., 3 bedrooms and 3 bathrooms, with a generous formal living and family room that comes equippped with a bar and entertainment area, a spacious dining room, and an expansive pool. This home could be spectacular with a custom renovation. The idea for this design is to have two, clearly defined stacked volumes to visually break up the size of the home and be more in line with the smaller, quaint feel of the neighborhood. The first floor volume blends in with the natural elements and environment by using darker/earthy tones and larger glass openings to have more of an open and indoor-outdoor feel in the common areas. For the 2nd floor volume, we want this to feel like a precious stone that is elevated and private. This white and pristine geometry is more prism-like which relates, in a modern way, to the triangular shaped roofs in the neighborhood. Windows and openings are used more appropriately for this type of geometry.

Equity
$0 (0%) Invested
$637,200

Expected Return

29.51%

Total Project Est.cost

$3,415,000

Timeframe: 15 Months

Months to completion: 14 Months

Development Loan
$0 (0%)
$2,622,800

Expected Return

9.25%

Equity Min Investment $10000 | Development Loan Min Investment $10000

Learn more about the purchase process
Project Summary
Property Acquisition

Property is acquired.  This phase has been completed.

Planning and Permitting

Details plans, including engineering are prepared and submitted to the city for permitting. This phase is ongoing and near completion.

Demolition Completed

At this point the old structed has been removed and the site has been prepared to begin the new approved construction.

Development Completed.

At this point, all construction has been completed including rough and fine work, as well as finishing touches.

The idea for this design is to have two, clearly defined stacked volumes to visually break up the size of the home and be more in line with the smaller, quaint feel of the neighborhood. The first floor volume blends in with the natural elements and environment by using darker/earthy tones and larger glass openings to have more of an open and indoor-outdoor feel in the common areas. For the 2nd floor volume, we want this to feel like a precious stone that is elevated and private. This white and pristine geometry is more prism-like which relates, in a modern way, to the triangular shaped roofs in the neighborhood. Windows and openings are used more appropriately for this type of geometry. By the end, property looks as planned, brand new and high quality.

Closing Sale

After professionally staging the property for sale, it is put on the market with the intent of a fast sale at a good market price.

Est. Annual financial Highlights
Equity Development loan
Est. Final sale value ?
$4,250,000
Est. Acquisitions costs ?
$1,700,000
Est. total development cost ?
$1,395,000
Est. Interest ?
$205,000
Est. Other costs ?
$220,000
Est. Net profit ?
$680,000
Est. annualized equity investment return ?
29.51%
fixed annual interest rate ?
9.25%
senior secured by project property ?
$2,622,800
property lowest point value ?
$1,150,000
est avg value in project timeline ?
$1,950,000
Est.final property value ?
$4,250,000
Project
start
1

month

Property Acquisition
5

month

Planning and Permitting
7

month

Demolition Completed
14

month

Development Completed
15

month

Closing Sale
Project
end
Initial Investment? $0

Est. Immediate Costs will become known during the transaction process when the inspection report comes in.

total return ?
$680,000
Appreciation?
6%
%
Hist 20 yr. Hist 1 yr. Hist 5 yr. Custom
Project Costs and Valuation Rental Projections
Land Acquisition
$1,700,000
Loan Fees
$65,000
Development
$1,250,000
Closing Costs
$155,000
Project Management
$145,000
Platform Fee
$50,000
Est. Development Loan Interest
$205,000
Total Costs
$3
Final Est. Property Value
$4,250,000
Equity Valuation:
Estimated Return Annualized
42.68675455116133%
Return on Equity Investment
53%
Estimated Annualized Return
on Development Loan
9.25%
Year 1 Year 3 Year 5 Year 10
Est. Gross Rent
$212,500
Property Management
$21,250
Property Tax
$81,600
Maintenance Costs
$10,625
Other
$2,125
Revenue Subtotal
Loan Interest
Net Rental Income
Est. Annualized ROI for Equity ?
Est. Annualized CAP RATE on Equity ?