3020 NE 44th St.

Build-to-sell, capital back at exit

Lighthouse Point canal parcel, 0.28 acre with 100ft of frontage on the North Grand Canal.

Build-and-sell development strategy on a 0.28-acre unimproved canal lot at 3020 NE 44th Street in Lighthouse Point, Florida. The public listing shows the property as land rather than an existing single-family renovation, with 0.28 acre of lot area and canal exposure in a waterfront residential setting. The strategy is acquisition of the land, design and permitting for a new waterfront residence, vertical construction, and resale into the Lighthouse Point waterfront comparable set. The canal position supports dockage-oriented programming at the waterline subject to buyer diligence, municipal review, and marine permitting. Hold duration is expected to span design, permitting, hard construction, and a marketing window for newly delivered waterfront inventory. Sale basis of 3.0 million dollars reflects the land, waterfront location, and development optionality rather than existing residential improvements. Capital deployment covers design, permitting, site preparation, hard construction, marine or landscape improvements as elected, finish specification, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale, with waterfront frontage, permitting, and construction execution as the primary underwriting controls.

Address

3020 NE 44th St.

City

Lighthouse Point, FL

ZIP

33064

Beds

Pending

Baths

Pending

Living sqft

Pending

Lot sqft

12,197

Year built

Pending

Waterfront

Canal

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