# Bahia Luxe Village – 15-Unit Townhome Development

> Fifteen luxury townhomes on a secured Ocala R3 parcel.

**Location:** Ocala, Marion County, FL  
**Status:** SOLD  
**Deal status:** Closed — delivered by Innova LDP  
**Key figures:** 15 luxury townhomes · 0.95 acres R3 · 22% projected ROI

## Overview

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.

Key Investment Highlights:
• Prime 0.95-acre R3 parcel · land secured ($258,800)
• 15 luxury townhomes · 3–4 BR with private garages
• Flood Zone X · lower insurance, lower risk
• Total project value: $4,758,800
• Capital request: $4,500,000
• Total sales revenue: $5,250,000 · gross profit ~$491,200
• Projected ROI: 18–22%
• Development timeline: 18–24 months

## Details

- Site: 0.95 acres assembled from Lot 37 (0.36 ac) + Lot 38 (0.59 ac), R3 zoned
- Program: 15 luxury townhomes · 3–4 BR · private garages
- 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
- Projected Sales Revenue: $5,250,000 · Gross Profit ~$491,200
- Projected ROI: 18–22% · Timeline: 18–24 months

## Specifications

| Specification | Value |
| --- | --- |
| 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 |

## Amenities

- 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

## Sustainability

- 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

## Market highlights

- Ocala metro is the #1 fastest-growing US metro (US Census Bureau)
- Marion County approved 6,422+ new homes/apartments in 2024
- 56.8% population growth projected by 2060
- Strong rental demand · low vacancy in the R3 corridor
- Limited supply of new luxury townhome product
- Premium location with major-employer access

## Financials

### 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

## Comparable sales

| Address | Status | Price | Sq ft |
| --- | --- | --- | --- |
| Comparable comp set — Marion County townhomes | undefined | $350,000 | 1,500 |

## Documents

- **Construction Scope** — Scope of work, infrastructure, and unit-level construction specifications.
- **Site Plan** — Site plan for the 0.95-acre development parcel.
- **Structural Plans** — Structural drawings for the 15-unit townhome development.
- **GIS Map** — Marion County GIS aerial plan with parcel outline.
- **Zoning Letter (Lot 37)** — Zoning verification — R3 multifamily allowed (Lot 37).
- **Zoning Letter (Lot 38)** — Zoning verification — R3 multifamily allowed (Lot 38).
- **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
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790