ASSETRAReal World Assets
26.21°N · 81.81°W
GROUND-UP DEVELOPMENT · FL

5291 Sand Dollar Ln

Gallery7 photos
Strategy

Build-to-sell, capital back at exit

Naples 0.43-acre infill homesite priced for ground-up build at production scale. Real proforma from a sponsor active in the corridor: $2.3M lot, 5,400 sqft build at $500/sqft, 24-month cycle.

Thesis

5291 Sand Dollar is the canonical Naples ground-up case. The PDF proforma the sponsor uses for self-funded comparables sets every line: $16K closing, $195K soft cost (architecture / survey / geology), $85K permits (impact $30K + building $25-30K + utilities $15K + misc), $3.37M hard cost (5,400 sqft × $500 + $150K pool + $150K landscape + $70K driveway), $120K lighting + closet upgrades, $46K taxes during construction, $30K insurance, $500K interest at 10% × 24 months, then 5% sells + realtor on the upside. Total expenses land at $7.087M. Downside exit $8.5M (20% ROI), upside $11.5M (62%).

Specifications
Address
5291 Sand Dollar Ln
City
Naples, FL
ZIP
34103
Beds
Baths
Living sqft
Lot sqft
18,731
Year built
Waterfront
NONE
Features
  • 0.43 AC homesite
  • Pine Ridge corridor
  • Build-to-suit
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
$2,300,000
Closing fees
$16,000
Soft cost (design + survey)
$195,000
Permits + impact fees
$85,000
Hard cost basis
$3,370,000

Vertical construction budget at $500/sqft across 5,400 sqft.

Exterior + finish extras
$120,000

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

Hard cost total
$3,490,000
Property tax during construction (24 mo)
$46,000
Insurance
$30,000
Construction interest (10% × 24 mo)
$500,000
Sale + realtor fees (5% of exit)
$425,000
Total expenses
$7,087,000
Downside exit
$8,500,00020% ROI
Upside exit
$11,500,00062% 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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