2511 NE 36th St.

Zoning upside, short binary hold

Lighthouse Point Intracoastal point lot with 180-degree views, approved luxury-home plans, and new seawall.

Entitlement strategy on an Intracoastal point lot at 2511 NE 36th Street in Lighthouse Point, Florida. The parcel offers approximately 180 degrees of water exposure and carries approved luxury-home plans along with a new seawall and dock. The combination of approved plans, recent marine infrastructure, and point-lot geometry materially advances the entitlement and pre-construction position relative to parcels requiring full design work, seawall replacement, or new dock permitting. The strategy underwrites a short-hold play in which the entitled and hardened position is disposed of to a vertical developer or a builder-investor, rather than taking on the full construction cycle. Lighthouse Point waterfront inventory has demonstrated demand from builder-investors who price completed entitlement and marine work at a premium to raw land with equivalent zoning. Hold duration is expected to span final diligence on the approved plans and marine permits, any optimization within the entitlement envelope, and a marketing window to the vertical developer segment. Asking basis of 2.495 million dollars reflects the parcel, the approved plans, the new seawall and dock, and the point-lot geometry. Capital deployment covers diligence on the plans and marine permits, any permit extensions or renewals, carry, and marketing costs to reach the builder-investor audience. Returns are targeted from the spread between entry basis and the price at which the entitled, hardened lot clears to a vertical developer, without taking vertical construction risk.

Address

2511 NE 36th St.

City

Lighthouse Point, FL

ZIP

33064

Beds

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Baths

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Living sqft

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Lot sqft

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Year built

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Waterfront

INTRACOASTAL

Entitlement economics model using land/control basis, entitlement-cost envelope, maturity, and downside/upside disposition 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