Surfside, FL 33154
Bedrooms
Bathrooms
Area
This property is located in the town of Surfside, FL, a beautiful oceanfront community in South Florida. Surfside has an attractive residential neighborhood and is located close by to its charming business district. The home was built in 1946 and is currently undergoing a completely new construction while incorporating key architectural concepts such as simplicity, efficient design, and purposeful materials. This modern home seamlessly blends into the surrounding neighborhood which is quaint and modest. The house is appropriately sized in the front yard to achieve the feel of the existing neighborhood but slowly starts to increase in size towards the rear in order to maximize the lot potential. The various volumes are highlighted with differentiating textures and highlighted with changes in material. The result of this design gives the impression of an ever-changing dynamic structure.
| Home Size | 3,950 SF |
| Estimated Sale Price/SF (base case) | $11,000,000 |
| Total Estimated Sale Price | $11,825,000 |
| Total Development Costs | $1,820,000 |
| Estimated Profit | $10,005,000 |
| Margin of Safety | 31.94% |
| Uses | $ | % | PSF |
| Land | $1,200,000 | 37.06% | $304 |
| Construction Costs | $1,820,000 | 56.21% | $461 |
| Financing & Closing | $51,000 | 1.58% | $13 |
| Taxes & Other | $167,000 | 5.16% | $42 |
| Total | $3,238,000 | 100.00% | $820 |
| Sources | $ | % |
| Loan | $2,446,200 | 76.04% |
| Equity | $770,800 | 23.96% |
| Total | $3,217,000 | 100.00% |
