5291 Sand Dollar Ln.
Build-to-sell, capital back at exit
Naples 0.43-acre infill homesite sold at $2.0M, priced for ground-up build at production scale.
5291 Sand Dollar is the canonical Naples ground-up case. The property is a 0.43-acre unimproved land parcel that sold for 2.0 million dollars, with Zillow showing a Zestimate near 2.04 million dollars. The sponsor proforma uses the site as an infill homesite for a 5,400-sqft new-build program at approximately $500 per square foot, with a 24-month cycle. Proforma lines include $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 x $500 + $150K pool + $150K landscape + $70K driveway), $120K lighting + closet upgrades, $46K taxes during construction, $30K insurance, and $500K interest at 10% x 24 months, then 5% sells + realtor on the upside. Returns are targeted from the spread between all-in delivered cost and new-construction resale.
- Address
- 5291 Sand Dollar Ln.
- City
- Naples, FL
- ZIP
- 34103
- Beds
- Pending
- Baths
- Pending
- Living sqft
- Pending
- Lot sqft
- 18,731
- Year built
- Pending
- Waterfront
- No waterfront
- 0.43 AC homesite
- Pine Ridge corridor
- Build-to-suit
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.
Vertical construction budget at $500/sqft across 5,400 sqft.
Project-specific upgrades such as pool, landscape, driveway, lighting and closet packages where applicable.
Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return