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Strategy: Scrape & Build New Luxury Home
Lot Size: 0.68 acres (≈29,620 sq ft)
Purchase Price: $1,100,000
Target Build: ~4,200 sq ft luxury spec home
Estimated ARV: $3,000,000+
Lot Purchase Price: $1,100,000
Build Size (Living Area) 4,200 sq ft
Build Cost ($225/sq ft) $945,000
Soft Costs + Permits $125,000
Contingency (10%) $107,000
Total Project Cost $2,277,000
Estimated ARV $3,000,000
Projected Gross Profit $723,000
ROI (Gross) 31.7%
10 Bedrooms | 13 Baths | 9,492 ft
