BiggerPockets

These are developer distressed properties in Florida.
Interested parties must contact me immediately for more info as these deals move very quickly.

Gulf Coast Florida - 60 Single-Family homesite Subdivision for Sale. Deep water access to the Gulf of Mexico.
Amenities: pool, spa, gazebo, boardwalk, private and transient dockage.

Property is fully entitled with all roads and utilities in place.

Developer currently has an outstanding loan of 12+Million. Over 13M in hard costs have been invested.

Lots sold from $250,000 interior to $700,000 on water.

Currently we can sell this piece for 18 cents on the dollar. We have developer agreeing to sell for $2.6M. That represents less than $50,000 per homesite.

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Property Two:

This subdivision is located in an exclusive Gulf Coast town. Developer is in distress and is looking to bailout.

Property is 155 acres 1 block form the Ocean with 3 ocean front lots. Phases 1 & 2 have all infrastructure and roads in place. 500 Lots Total. $4M dollar clubhouse included.

The note from the bank is $40. There is $20M in CDD Bonds and developer has $20M out of pocket.

We have negotiated this to $18M total. Bank has agreed to $8M and we can buyout CDD bonds for $10M. Lots sell for minimum $300,000 each. Ocean lots can be sold immediately for $1M each.

This is an $80M dollar investment that can be purchased for $18M!

I can provide more detailed information to interested parties. Your buyers must be willing to to provide POF's.

Thank you, Jon

Jon, we are also interested in this if still available.

If you have leads on other developer projects as well in southern Florida we are interested. They can be lots, new single family homes and condos.

Chris