268 S Parkway

Short renovation, principal plus profit

Golden Beach canal home, 4,019 sqft on 0.48 acre with 90ft frontage and a built-in boat slip.

Renovation strategy on a 5-bedroom, 4-bath residence totaling 4,019 square feet (built 1953) at 268 South Parkway in Golden Beach, Florida. The 20,951-sqft (0.48 acre) parcel carries 90 feet of canal frontage with a built-in boat slip and Intracoastal access via the Haulover inlet. The 1953 construction predates current code standards by a wide margin, and the value-add thesis is built around a comprehensive renovation that modernizes systems, envelope, and finishes while preserving the lot, the slip, and the neighborhood character. The strategy targets resale into the Golden Beach updated-comparable set, where inventory has absorbed at pricing supported by the guard-gated access, the town's strict short-term rental prohibition, and the limited supply of waterfront parcels with private slips. Hold duration is expected to span design, permitting under the town's review process, hard construction, and a marketing window. Asking basis of 14.75 million dollars reflects the parcel, water frontage, slip, and Golden Beach positioning rather than the current improvements. Capital deployment covers design aligned to town code, permitting, hard construction across systems and envelope, finish specification consistent with Golden Beach updated inventory, marine improvements as elected, and carry through listing. Returns are targeted from the spread between all-in basis and post-renovation resale into a buyer pool focused on guard-gated coastal towns with slipped waterfront inventory.

Address

268 S Parkway

City

Golden Beach, FL

ZIP

33160

Beds

5

Baths

4

Living sqft

4,019

Lot sqft

20,951

Year built

1953

Waterfront

CANAL

Fix-and-flip economics model using acquisition basis, renovation/carry envelope, maturity, and downside/upside resale scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return