ASSETRAReal World Assets
26.17°N · 81.81°W
GROUND-UP DEVELOPMENT · FL

286 Spring Line Dr.

Gallery10 photos
Strategy

Build-to-sell, capital back at exit

Moorings bayfront lot on Hurricane Harbor, 0.48 acre with 122ft of frontage and a private dock.

Thesis

Build-and-sell development strategy on a 0.48-acre (20,909 sqft) vacant bayfront parcel at 286 Spring Line Drive in Naples, Florida, within the Moorings on Hurricane Harbor. The site presents 122 feet of water frontage and an existing private dock, producing a generous building envelope relative to typical Moorings lot dimensions and a shortened critical path on marine improvements. The strategy is vertical construction of a new single-family residence sized to the envelope and oriented to the harbor exposure, followed by disposition on completion. Moorings residences with direct water access have demonstrated strong absorption at premiums to interior lots, and the combination of lot size, frontage, and existing dock supports a broad buyer profile at the exit. Hold duration is expected to span architectural design, permitting, hard construction, and the marketing window typical for new waterfront inventory in the neighborhood. Asking land basis of 7.5 million dollars reflects the frontage, dock rights, lot area, and harbor orientation. Capital deployment covers design, site preparation, construction, finish specification, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale, with the harbor location and existing marine infrastructure supporting the disposition thesis in a neighborhood where water-accessible inventory turns over at a measured pace.

Specifications
Address
286 Spring Line Dr.
City
Naples, FL
ZIP
34102
Beds
Baths
Living sqft
Lot sqft
20,909
Year built
Waterfront
BAY
Features
  • 122ft bay frontage
  • Hurricane Harbor
  • Private dock + 13,000lb lift
Project economics

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Lot acquisition
$7,500,000
Closing fees
$44,500
Soft cost (design + survey)
$290,000
Permits + impact fees
$80,000
Hard cost basis
$3,870,000

Vertical construction budget at $500/sqft across 7,000 sqft.

Exterior + finish extras
$120,000

Project-specific upgrades such as pool, landscape, driveway, lighting and closet packages where applicable.

Hard cost total
$3,990,000
Property tax during construction (24 mo)
$150,000
Insurance
$30,000
Construction interest (10% × 24 mo)
$1,137,000
Sale + realtor fees (5% of exit)
$1,110,749
Total expenses
$14,332,249
Downside exit
$17,485,34422% ROI
Upside exit
$22,214,98655% ROI

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return

ASSETRAReal World Assets

Infrastructure for cross-border real world asset tokenization. Built for issuers, funds, and accredited investors.

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