# Bahia Luxe Village 2 – 10-Unit Development

> Ten R3 townhomes on the Walmart Supercenter parcel.

**Location:** Ocala, Marion County, FL  
**Status:** SOLD  
**Deal status:** Closed — delivered by Innova LDP  
**Key figures:** 10 townhomes · 0.69 acres R3 · 30.8% projected ROI

## Overview

Bahia Luxe Village 2 is a strategic 10-unit townhome development on 0.69 acres of R3-zoned land directly adjacent to a Walmart Supercenter on Ocala's busiest commercial corridor. Land cost is $135,000 (negotiated down from $147,800) with a projected 30.8% ROI on $3,696,000 in total sellout. Each unit is 1,400 sq ft including a 1-car attached garage.

R3-zoned, walking distance to Walmart Supercenter, Walgreens, CVS, the middle school, the hospital, and a wide mix of retail and restaurants. Ten minutes to Silver Springs State Park; fourteen to the historic downtown square.

Key Investment Highlights:
• Prime 0.69-acre R3 multifamily land · adjacent to Walmart Supercenter
• Negotiated land cost: $135,000 (saved $12,800 from list)
• Total project cost: $2,577,000
• Projected sellout: $3,696,000 ($369,600 per unit avg.)
• Net expected revenue (after 4% commission): $3,548,160
• Projected returns: $836,160 · ROI: 30.8%
• 10 modern townhomes, 1,400 sq ft each, attached 1-car garage
• Cement-block + stucco · LVP flooring · shaker wood cabinets · granite counters

## Details

- Site: 0.69 acres on the Walmart corridor · Ocala, R3 zoned
- Program: 10 townhomes · 1,400 sq ft each · attached 1-car garage
- Land Cost (negotiated): $135,000 (originally $147,800)
- Total Project Cost: $2,577,000
- Projected Sellout: $3,696,000 ($369,600 per unit avg.)
- Net Expected Revenue (after 4% commission): $3,548,160
- Projected Returns: $836,160 · ROI: 30.8%
- Status: Ready for development · all planning and approvals progressing

## Specifications

| Specification | Value |
| --- | --- |
| Project Type | 10-Unit Townhome Development |
| Land Size | 0.69 acres |
| Land Cost | $135,000 (negotiated from $147,800) |
| Zoning | R3 — Multifamily Residential |
| Flood Zone | X (Minimal Flood Risk) |
| Unit Count | 10 townhomes |
| Unit Size | 1,400 sq ft (including attached 1-car garage) |
| Bedrooms / Bathrooms | 3 BR · 2 BA |
| Total Project Cost | $2,577,000 |
| Projected Sellout | $3,696,000 |
| Average Sale Price per Unit | $369,600 |
| Real Estate Commission (4%) | $147,840 |
| Net Expected Revenue | $3,548,160 |
| Projected Returns | $836,160 |
| Projected ROI | 30.8% |
| Project Planning | Innova Land and Development Planning |

## Amenities

- 3-bedroom, 2-bathroom townhomes
- Attached 1-car garage per unit
- Luxury waterproof vinyl plank flooring
- Granite countertops (kitchen & bathrooms)
- Shaker-style wood cabinets
- Cement-block + stucco exterior
- Premium location adjacent to Walmart Supercenter

## Sustainability

- Energy-efficient building envelope
- Cement-block exterior with stucco for thermal mass
- Modern HVAC and water heating systems
- High-performance windows
- Flood Zone X — no off-site stormwater extension required

## Market highlights

- Adjacent to Walmart Supercenter on the busiest Ocala arterial
- Walking distance to Walgreens, CVS, schools, hospital, retail
- Ten minutes to Silver Springs State Park
- Fourteen minutes to historic downtown Ocala
- Strong rental demand in the R3 corridor
- Growing professional demographic across Marion County

## Financials

### Land Acquisition

- Original Land Price: $147,800
- Negotiated Land Cost: $135,000
- Savings: $12,800
- Land Size: 0.69 acres R3 zoned

### Development Costs

- Site Plan: $23,000
- Structural Plan: $10,000
- Project Planning & Management: $32,000
- Upfront Payment: $65,000
- Construction (10 units): $2,187,000
- Site Development: $75,000
- Utilities Connection: $250,000
- Total Project Cost: $2,577,000

### Project Totals (10 units)

- Total Project Cost: $2,577,000
- Total Sellout: $3,696,000 ($369,600 per unit avg.)
- Less Real Estate Commission (4%): $147,840
- Net Sellout (after commissions): $3,548,160
- Net Profit: $836,160
- Projected ROI: 30.8%

### Funding Structure

- Single investor finance: $2,577,000 covers the full 17-month project
- Capital returns at unit closings; profit distribution at final closing

## Comparable sales

| Address | Status | Price | Sq ft |
| --- | --- | --- | --- |
| Comparable comp set — Marion County townhomes | undefined | $369,600 | 1,400 |

## Documents

- **GIS Map** — Marion County GIS aerial plan with parcel outline.
- **Zoning Letter** — Zoning verification — R3 multifamily allowed.
- **Comparable Set 1** — Comparable sales — Marion County townhome corridor.
- **Comparable Set 2** — Additional comparable sales for sellout pricing analysis.

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Full brochure: https://www.innovaldp.com/projects/bahia-luxe-village-2
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790