651 21st Ave. S

Short renovation, principal plus profit

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

Renovation strategy on a 6-bedroom, 7.5-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 house predates current wind-code thresholds and likely requires updates to impact glazing, roof attachments, and selected structural elements, which forms the core of the value-add scope. The strategy is a targeted renovation addressing code-driven updates together with a finish refresh aligned to the current Aqualane Shores new-build comparable set, followed by resale. The renovation preserves the existing envelope, dock, and T-lot geometry while repositioning the interior and exterior specification into the tier supported by the neighborhood's delivered inventory. 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 8.5 million dollars reflects the parcel, dock, existing improvements, and the renovation opportunity. Capital deployment covers design, permitting, hard construction for the code-driven items, finish refresh including kitchens, baths, and primary living areas, landscape and marine updates as elected, and carry through listing. Returns are targeted from the spread between all-in basis (purchase plus renovation) and post-renovation resale, with the dock and T-lot geometry supporting the exit thesis.

Address

651 21st Ave. S

City

Naples, FL

ZIP

34102

Beds

6

Baths

8

Living sqft

7,185

Lot sqft

14,810

Year built

2002

Waterfront

CANAL

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.

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