Bahia Luxe Village
15-Unit Townhome Development
Fifteen luxury townhomes on a secured Ocala R3 parcel.
What we're building
Bahia Luxe Village is a 15-unit luxury townhome development on a 0.95-acre R3-zoned parcel in Ocala, Marion County. Land is secured (two adjacent lots — Lot 37 at 0.36 ac and Lot 38 at 0.59 ac) and zoning is in place; the project is development-ready.
R3-zoned multifamily land with Flood Zone X designation (minimal flood risk and lower insurance carry). Two contiguous lots assembled into a single development parcel. The product is luxury 3- to 4-bedroom townhomes with private garages, premium finishes, and modern open-concept layouts — engineered for Ocala's growing professional and family rental/sale market.
The details, end to end.
- Project Type
- 15-Unit Luxury Townhome Development
- Land Size
- 0.95 acres (Lot 37: 0.36 ac + Lot 38: 0.59 ac)
- Land Status
- Secured · two contiguous lots assembled
- Land Value
- $258,800
- Zoning
- R3 — Multifamily Residential
- Flood Zone
- X (Minimal Flood Risk)
- Unit Count
- 15 luxury townhomes
- Bedrooms / Bathrooms
- 3–4 BR · 2.5 BA
- Estimated Construction Cost
- $3,750,000
- Estimated Soft Costs
- $750,000
- Total Project Value
- $4,758,800
- Capital Request
- $4,500,000
- Projected Sales Revenue
- $5,250,000
- Projected Gross Profit
- $491,200
- Projected ROI
- 18–22%
- Development Timeline
- 18–24 months
- Target Market
- Luxury rental + resale · professionals, families
- Project Planning
- Innova Land and Development Planning
Where it sits.
How the parcel breaks down.
See it.
Why this market.
- 01Ocala metro is the #1 fastest-growing US metro (US Census Bureau)
- 02Marion County approved 6,422+ new homes/apartments in 2024
- 0356.8% population growth projected by 2060
- 04Strong rental demand · low vacancy in the R3 corridor
- 05Limited supply of new luxury townhome product
- 06Premium location with major-employer access
What investors are funding.
- Luxury 3–4 bedroom townhomes
- Private attached garages and driveways
- Modern open-concept floor plans
- Granite countertops in kitchen and bathrooms
- Shaker-style wood cabinets
- Luxury waterproof vinyl plank flooring
- Premium landscaping and outdoor spaces
- R3 multifamily — flexible long-term rental + resale strategy
Built for the next thirty years.
- Energy-efficient building envelope (insulation, high-performance windows)
- Cement-block exterior with stucco for thermal mass
- Energy-efficient HVAC and water heating systems
- Water-efficient fixtures and appliances
- Flood Zone X — no off-site stormwater extension required
Read what we read.
- Construction ScopeScope of work, infrastructure, and unit-level construction specifications.View document
- Site PlanSite plan for the 0.95-acre development parcel.View document
- Structural PlansStructural drawings for the 15-unit townhome development.View document
- GIS MapMarion County GIS aerial plan with parcel outline.View document
- Zoning Letter (Lot 37)Zoning verification — R3 multifamily allowed (Lot 37).View document
- Zoning Letter (Lot 38)Zoning verification — R3 multifamily allowed (Lot 38).View document
- Comparable Set 1Comparable sales — Marion County townhome corridor.View document
- Comparable Set 2Additional comparable sales for sellout pricing analysis.View document
The math.
Land Investment Structure
- Lot 37 (0.36 acres): $98,000
- Lot 38 (0.59 acres): $160,800
- Total Land Value: $258,800
- Land Acquisition: Complete
- Development Rights: Secured
Project Cost Structure
- Land Value (Secured): $258,800
- Estimated Construction Cost: $3,750,000
- Estimated Soft Costs: $750,000
- Total Project Value: $4,758,800
- Capital Request: $4,500,000
Project Totals (15 units)
- Total Project Value: $4,758,800
- Total Sales Revenue: $5,250,000 ($350,000 per unit avg.)
- Less Real Estate Commissions (~4%): $210,000
- Net Sellout (after commissions): $5,040,000
- Net Profit: $491,200
- Projected ROI: 18–22%
Funding Structure
- Single investor finance: $4,500,000 covers the full 18–24-month project
- Land already secured outside the capital request
- Capital returns at unit closings; profit distribution at final closing
What's selling nearby.
- Average
- $233/sf
- Range
- $233–$233
- Sample
- 1
- 01Comparable comp set — Marion County townhomes1,500 sfPlaceholder — to be populated from comp1.pdf / comp2.pdf. Average sale price across comp set anchors the $350,000/unit projected sellout for this project.—1,500 sf$350,000$233/sf$350,000$233/sf
How it builds.
- Capital
- $4,500,000
- Profit
- $491,200
Eighteen to twenty-four months from architecture through sellout, financed by a single capital partner. Capital deploys against a defined schedule — land is already secured, then design, then permits and site prep, then construction, then sellout. Sale proceeds return investor capital before any profit split.
- 01 · Land acquisitionAlready secured
- 02 · Architecture & engineeringMonths 1–2
- 03 · Permitting & site prepMonths 3–6
- 04 · ConstructionMonths 7–18
- 05 · Sellout & distributionMonths 19–21
- 01Already secured
Land acquisition
Land is secured. Two contiguous Ocala R3 lots (Lot 37 at 0.36 acres and Lot 38 at 0.59 acres) assembled into a single 0.95-acre development parcel. Title is clear; zoning verified.
Land cost already absorbed. No additional land draw required.
Deliverables- Recorded land deeds
- Zoning verification letters (Lots 37 + 38)
- 02Months 1–2
Architecture & engineering
Architectural plans, civil engineering, and structural drawings tied to the assembled parcel. Fifteen townhome units laid out within R3 setback rules.
First construction call. Soft costs deploy for design and engineering.
Deliverables- Architectural plan set
- Civil & structural drawings
- Permit submittal package
- 03Months 3–6
Permitting & site prep
Marion County reviews the full plan set. Innova handles every reviewer comment, resubmittal, and stamp directly. Building permits issued; impact fees paid; site cleared and graded.
Permit and impact fees plus site prep deploy across these months.
Deliverables- Approved building permits
- Impact fees paid
- Cleared and graded site
- 04Months 7–18
Construction
Site work, foundation, cement-block walls with stucco, framing, dry-in, MEP, and interior finishes (granite, luxury vinyl plank, shaker cabinets, tile). Fifteen townhomes built under one GC contract.
Bulk of capital deploys monthly against the GC schedule. Each draw is inspected before release. Investors receive monthly construction reports with photos and draw documentation.
Deliverables- Monthly construction reports with photos
- Draw-inspection documentation
- Punch list & certificates of occupancy
- 05Months 19–21
Sellout & distribution
Listing, marketing, showings, and closings. Fifteen units released in two staged tranches; comparable corridor demand supports a 6–8 month absorption window.
Sale proceeds first return the investor capital, then distribute the profit split per the operating agreement. Final accounting and the distribution wire happen at the last closing.
Deliverables- Closings on each unit
- Final accounting
- Capital return + profit distribution wire
One round trip for one investor. Capital goes in across the seventeen-month build, returns at the unit closings, and the profit distribution lands at the final closing.
- 01 · Capital deployed$4,500,000Meses 1–21 · per phase allocationsaboveEnd-to-end project financing — soft costs, permits, construction, sellout. Investor funds the full 18–24-month timeline. Land is already secured outside the capital request.
- 02 · Returned to investor$4,991,200= $4,500,000 + $491,200Months 14–21 · final at month 21
- Capital return$4,500,000Returned in full from sale proceeds before any profit distribution. Each unit closing pays down the investor balance pro-rata.
- Profit distribution$491,200Gross profit (sellout $5,250,000 minus total project value $4,758,800). Distributed per the operating agreement after capital return. Schedule and numbers are placeholders pending final pro forma.
- 03 · Avg Projected Profit$491,200Net of capital · distributed at sellout
Built to last.
Every Innova home ships with a defined materials package — stone, flooring, cabinets, hardware, finishes. Specified once, documented once, applied to every unit on the site.
Counter Tops01Granite and quartz, polished and supplied as super-jumbo slabs.
Flooring02Luxury vinyl plank standard, polished marble porcelain on request.
Cabinets03Wood shaker, kitchen and bath, two colors only.
Shower Tile16Large-format polished marble-look porcelain, two veining options.
Single Hung Windows10Single-hung vinyl, four exterior colors, white interior.
Front Doors08Six-panel raised, four colors.
The full Innova Materials Catalog — sixteen chapters, every finish on every build, with the exact options available to investors and end-buyers.
See the materials catalog