3453 Crayton Rd.

Build-to-sell, capital back at exit

Moorings Bay teardown on 16,988 sqft lot with 105ft of water frontage, priced at dirt value.

Build-and-sell development strategy on a 16,988-sqft bayfront parcel at 3453 Crayton Road in Naples, Florida, within the Moorings on Moorings Bay. The existing 3,626-sqft 2-bedroom 3-bath structure dates to 1972 and is priced at dirt value, with the asking reflecting approximately 447 dollars per square foot of land rather than improvements. The strategy treats the site as a teardown candidate: demolition of the existing structure followed by vertical construction of a new waterfront residence sized to the envelope, with disposition on completion. The parcel carries 105 feet of frontage on Moorings Bay, which places it in the water-access segment of Moorings inventory where newly delivered homes have cleared at sustained premiums to aged housing stock. Hold duration is expected to span demolition, design and permitting, construction, and a marketing window for new inventory. Capital deployment covers demolition, abatement if required, architectural design, permitting including any seawall review, hard construction, finish specification consistent with the bayfront comparable set, and carry through listing. Returns are targeted from the spread between all-in delivered cost (land basis plus demolition plus construction) and new-construction resale, with the Moorings Bay frontage and neighborhood identity supporting the exit thesis.

Address

3453 Crayton Rd.

City

Naples, FL

ZIP

34103

Beds

2

Baths

3

Living sqft

3,626

Lot sqft

16,988

Year built

1972

Waterfront

BAY

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.

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