Bahia Luxe Village 2 – 10-Unit Development
Ocala, Marion County, FL
Development Investment OpportunityBahia Luxe Village 2 is a strategic 10-unit townhome development on 0.69 acres of R3-zoned land next to Walmart Supercenter. This prime location offers unparalleled convenience and accessibility, with negotiated land cost of $135,000 and projected ROI of 30.8%. Each unit features 1,400 sq ft with premium finishes and modern amenities.
Land Acquisition
Prime R3 Multi-Family Land Next to Walmart Supercenter
EXCEPTIONAL INVESTMENT OPPORTUNITY! This prime 0.69-acre R3 multi-family zoned land is strategically located next to the Walmart Supercenter, offering unparalleled convenience and accessibility for future residents.
The property presents a rare opportunity to develop 10 modern townhomes in one of Ocala's most sought-after locations. With its proximity to major retail, restaurants, and transportation corridors, this site offers tremendous potential for both investors and end-users seeking premium rental or ownership opportunities.
Originally priced at $147,800, the land cost has been negotiated down to $135,000, providing additional value and improved project economics. The R3 zoning allows for multifamily development, making this an ideal fit for our planned townhome community that will serve the growing demand for quality housing in the Ocala market.
Development Site Map
GIS Map (PDF)
Supported Documents
Area Highlights
Things to Do & See
- Silver Springs State Park: ~7 miles away. Crystal-clear springs, glass-bottom boat tours, hiking, kayaking, and wildlife viewing.
- Florida Horse Park: ~8 miles. Family-friendly equestrian events, horse shows, and interactive experiences.
- Ocala Downtown Square: ~9 miles. Shops, restaurants, and community events in a vibrant piazza.
- Silver Springs Shores Community Center: Pool, fitness area, youth center, and organized events.
- Parks & Trails: Numerous parks and the Cross Florida Greenway for outdoor recreation.
Nearby Amenities
- Grocery Stores: Walmart Supercenter, Publix, and more within a few miles.
- Restaurants: Options from casual to upscale, including Cristina's Subs & Suds, Johnny's Pizzeria, and Flying Boat Tap Room.
- Shopping: Roses Discount Store, Market of Marion, and other retail options nearby.
- Schools: Emerald Shores Elementary, Lake Weir Middle, and Lake Weir High in the vicinity.
Development
Our comprehensive development approach for this 10-unit townhome community focuses on quality construction and modern amenities. Each townhome will feature 1,400 square feet of living space including an attached 1-car garage. The construction will begin with underground plumbing, followed by cement foundation for the first floor and cement block with stucco exterior construction.
All units will feature luxury waterproof vinyl plank flooring throughout, vinyl window framing, standard bathrooms with tubs and tiles, shaker style vanities and kitchen cabinets made from 100% wood, and granite countertops in both kitchens and bathrooms with undermount sinks. This attention to detail ensures a premium living experience that will attract quality tenants and buyers.
Conceptual Renderings
Average Service Costs
Sellout
The sellout strategy for this 10-unit townhome development leverages Ocala's strong rental market demand and the property's premium location next to Walmart Supercenter. With an average unit price of $369,600, these 3-bedroom, 2-bathroom townhomes are competitively positioned within the local market.
The estimated sellout timeframe of 6-8 months reflects current market absorption rates for similar properties in the Ocala area. The strategic location, modern amenities, and quality construction are expected to attract both investors seeking rental properties and owner-occupants looking for convenient, move-in ready homes.
| Unit Type | # Units | Size (sqft) | Avg Price/Unit | Total Revenue | Est. Sell Time (Months) |
|---|---|---|---|---|---|
| 3-Bed / 2-Bath | 10 | 1,400 | $384,600 | $3,846,000 | 6–8 months |
| Metric | Value |
|---|---|
| Total Units | 10 |
| Unit Size | 1,400 sqft |
| Total Buildable Sqft | 14,000 sqft |
| Avg Price per Unit | $384,600 |
| Total Sellout Value | $3,846,000 |
| Real Estate Commission (4%) | $153,840 |
| Net Expected Revenue | $3,692,160 |
Comparables
The following comparable sales support our pricing strategy and demonstrate strong market demand for similar 3-bedroom, 2-bathroom townhomes in the greater Ocala area:
| Address | Size (SqFt) | Price | Price/SqFt | Year Built | Notes |
|---|---|---|---|---|---|
| 6364 Lake Smith Cir | 1,632 | $445,000 | $272.67 | 2007 | End unit, Windermere |
| 9658 Amber Chestnut Way | 1,503 | $449,000 | $298.74 | 2019 | Near Disney, newer build |
| 10065 Salt Point Dr | 1,567 | $450,000 | $287.17 | 2021 | D.R. Horton build |
| 11740 Water Run Aly | 1,569 | $440,000 | $280.43 | 2016 | Pending sale, Ashlin Park |
| 687 E Plant St | 1,688 | $489,000 | $289.69 | 2019 | Historic downtown Winter Garden |
| 11861 Vermillion Ave | 1,600 | $450,000 | $281.25 | 2015 | Renovated, modern upgrades |
| 9654 Emerald Berry Dr (SOLD) | 1,503 | $450,000 | $299.40 | 2019 | Closed sale, very similar to Amber Chest. |
| 8412 Coventry Park Way (SOLD) | 1,692 | $460,000 | $271.87 | 2015 | Good standard comp |
Projected Returns
The figures presented below represent preliminary projections based on current estimates. Financial costs or closing costs are not included, this can vary depending on particular approval factors or closing negotiations at the moment of financing process and sellout. Actual investor profits and return on investment (ROI) may vary and will be determined by final financial outcomes upon project completion.