ASSETRAReal World Assets
26.12°N · 81.80°W
FIX AND FLIP · FL

651 21st Ave. S

Gallery10 photos
Strategy

Short renovation, principal plus profit

Aqualane Shores canal T-lot, 7,185 sqft 6BR / 9BA home from 2002 with private dock and renovation scope.

Thesis

Renovation strategy on a 6-bedroom, 9-bath residence totaling 7,185 square feet (built 2002) at 651 21st Avenue South in Naples, Florida, within Aqualane Shores. The 14,810-sqft (0.34 acre) lot is a canal T-configuration with a private dock, a geometry that is limited in supply within the neighborhood. The public listing describes a single-family residence with elevator convenience, private terraces, dedicated meditation space, grand arched passages, custom millwork, soaring ceilings, and a temperature-controlled wine room. The strategy is a targeted renovation and resale program focused on selective finish refresh, presentation, and any required envelope or systems updates while preserving the existing scale, dock, and T-lot geometry. Hold duration is expected to span design, permitting for the scope elected, construction, and a marketing window under a standard resale schedule. Asking basis of 7.95 million dollars reflects the parcel, dock, existing improvements, and the renovation opportunity. Capital deployment covers design, permitting, hard construction for the selected scope, finish refresh, landscape and marine updates as elected, and carry through listing. Returns are targeted from the spread between all-in basis and post-renovation resale, with the dock and T-lot geometry supporting the exit thesis.

Specifications
Address
651 21st Ave. S
City
Naples, FL
ZIP
34102
Beds
6
Baths
9
Living sqft
7,185
Lot sqft
14,810
Year built
2,002
Waterfront
Canal
Features
  • Private dock
  • T-lot
  • Wine room
Project economics

Fix-and-flip economics model using acquisition basis, renovation/carry envelope, maturity, and downside/upside resale scenarios. Detailed sponsor line items are shown when a full proforma is available.

Acquisition + renovation basis
$7,950,000
Asking
$7,950,000
Capital envelope
$7,950,000
Maturity
14 months
Downside exit
$15,331,75216.7% ROI
Upside exit
$17,125,36230.3% ROI

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return

ASSETRAReal World Assets

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