# Bahia Luxe Village 3 – 10-Unit Development

> Ten 1,400 sq ft townhomes on 0.70 R3 acres.

**Location:** Ocala, Marion County, FL  
**Status:** Development Investment Opportunity  
**Key figures:** 10 townhomes · 0.7 acres R3 · 37.3% projected ROI

## Overview

Bahia Luxe Village 3 is a strategic 10-unit townhome development on 0.70 acres of R3-zoned land. Land cost is $260,000 with a projected 37.3% ROI on $2,715,000 in total project cost. Each unit is 1,400 sq ft total with 1,200 sq ft under air, plus a 1-car attached garage.

R3-zoned, right next to the Walmart Supercenter — Walgreens, CVS, the middle school, the hospital, and every kind of store and restaurant on the same corridor. Ten minutes to Silver Springs State Park; fourteen to the historic downtown square.

Key Investment Highlights:
• Prime 0.70-acre R3 multifamily land
• Land cost: $260,000
• Total avg project cost: $2,715,000
• Projected sellout: $3,925,000
• Projected profit: $1,013,750 ($101,375 per unit)
• ROI: 37.3%
• Timeline: 17 months end to end

Construction includes cement foundation, cement block with stucco exterior, luxury waterproof vinyl plank flooring throughout, shaker style wood cabinets, and granite countertops in all kitchens and bathrooms.

## Details

- Prime Location: 0.70 acres R3 zoned
- Land Cost: $260,000 ($26,000 per unit)
- Construction: 10 townhomes at $168,000 per unit
- Sellout: $392,500 per unit, $3,925,000 total
- Projected ROI: 37.3% (profit $101,375 per unit)
- Timeline: 17 months end to end

## Specifications

| Specification | Value |
| --- | --- |
| Project Type | 10-Unit Townhome Development |
| Land Size | 0.70 acres |
| Land Cost | $260,000 |
| Zoning | R3 - Multifamily |
| Unit Size | 1,400 sq ft total · 1,200 sq ft under air |
| Total Avg Project Cost | $2,715,000 |
| Projected Sellout | $3,925,000 |
| Projected Profit | $1,013,750 ($101,375 per unit) |
| Projected ROI | 37.3% |
| Timeline | 17 months (1 yr 5 mo) |
| 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
- Premium location with excellent development potential

## Sustainability

- Energy-efficient building design
- Modern HVAC systems
- High-performance windows

## Market highlights

- Prime location with excellent development potential
- Strong rental demand in Ocala market
- Excellent transportation access
- Growing professional demographic

## Financials

### Land Acquisition

- Land Cost: $260,000 ($26,000 per unit)
- Land Size: 0.70 acres R3 zoned

### Per-Unit Costs

- Lot: $26,000
- Architectural: $7,500
- Impact Fee & Permits: $15,000
- Construction: $168,000
- Water, Electrical & Sewer: $30,000
- Soft Costs & Contingency: $25,000
- Total Avg Cost: $271,500

### Project Totals (10 units)

- Total Avg Project Cost: $2,715,000
- Total Sellout: $3,925,000 ($392,500 per unit)
- Less Real Estate Commissions & Closing Costs (avg.): $196,250
- Net Sellout (after commissions): $3,728,750
- Net Profit: $1,013,750 ($101,375 per unit)
- Projected ROI (net): 37.3%

### Funding Structure

- Single investor finance: $2,715,000 covers the full 17-month project
- No bank construction loan — investor funds soft costs, land, permits, construction, and sellout
- Capital returns at unit closings; profit distribution at final closing

### Timeline

- Architecture: 1-2 months
- Permitting: 4 months
- Construction: 8 months
- Sale: 4 months
- Total: 17 months (1 year 5 months)

## Comparable sales

| Address | Status | Price | Sq ft |
| --- | --- | --- | --- |
| 415 SE 1st Ave #103-B, Ocala | undefined | $449,000 | 1,202 |
| 2858 Leicester Ter, The Villages | pending | $374,900 | 1,178 |
| 1052 Jackson St, The Villages | pending | $419,900 | 1,258 |
| 1110 Burnettown Pl, The Villages | sold | $379,900 | 1,132 |
| 870 Robles Ave, Lady Lake | sold | $385,000 | 1,279 |
| 1314 Santa Rosa Ct, Lady Lake | sold | $399,000 | 1,302 |
| 3173 Archer Ave, The Villages | sold | $450,000 | 1,221 |

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Full brochure: https://www.innovaldp.com/projects/bahia-luxe-village-3
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790