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Partnership Presentation


Project Team Project Acquisition and Sales: 30A Realty, The Watkins Team

The Leadership Team at 30A Realty brings years of investment, finance, accounting, small business leadership, construction and home renovation experience to the real estate industry in the panhandle of Florida. The Team handles the discovery, project management, design and direction of the project. Our team directs the architects and engineers as well as handles all interior design aspects of the project. 30A Realty handles all marketing and sales associated with the development. www.30ARealty.com

General Contractor: Coastal Custom Builders of NWFL Tim O'Hara, has been in the construction industry in Northwest Florida for over 15 years. Tim and his team has extensive experience in both new home construction as well as renovations. www.CCB30A.com

Pool Contractor: 30A Pool & Spa

Jim Logan has been designing and building pools throughout the southeast for over 25 years. Jim and his team help create the perfect outdoor living space.


Strategy and Risk Management General Strategy: • • • •

Scour the market for low-priced, undeveloped lots adjacent to, or within close range of, luxury homes that have already sold at attractive price points Work closely with investors, surveyors, engineers, architects, and builders through the acquisition process, ensuring the project team is on the same page from inception Build homes in less than a year, minimizing carrying costs Price newly-built homes to sell; sell within 2-3 months from construction completion

Risk Management: • • • • • •

Never build a home that will fail to produce positive net cash flow as a rental property Clearly understand the rental market before land acquisition Construct homes that maximize square footage, thereby maximizing rental revenue Build in a cost-conscious manner Theoretical Example: a project with $1,000,000 of costs must generate at least $100,000 of annual gross rental revenue Real World Example: 138 Chivas (already-completed project, shown on page 4) tallied $2,100,000 in total costs and generates $325,000 in annual rental revenue; during the 3 months this home sat on the market prior to sale, it produced more than $100,000 in rental revenue and generated positive net cash flow during that period


Experience: Complete and Current Projects 123 Dunes Estate Boulevard, Santa Rosa Beach, Florida New Home Construction Project Cost: $1,450,000 Sale Price: $2,100,000 Profit: $650,000

Project Start Date: June 2017 Sold Date: June 2017

COMPLETE: SOLD

COMPLETE: SOLD

COMPLETE: SOLD

COMPLETE: SOLD

COMPLETE: SOLD

COMPLETE: SOLD

119 Dunes Estate Boulevard, Santa Rosa Beach, Florida New Home Construction Project Cost: $1,200,000 Contract Price: $1,550,000 Profit: $350,000

Project Start Date: June 2016 Sold Date: August 2017

138 Chivas Lane Rosa Beach, Florida New Home Construction Project Cost: $2,300,000 Sale Price: $3,200,000 Profit: $900,000

Project Start Date: November 2017 Sold Date: October 2018


Experience: Complete and Current Projects 7939 East County Highway 30A, Inlet Beach, Florida Complete home renovation Purchase Price: $500,000 Sale Price: $962,500 Project Costs: $225,000 Profit: $237,500

Project Start Date: October 2015 Sold Date: July 2016

BEFORE

AFTER: SOLD

COMPLETE: SOLD

COMPLETE: SOLD

BEFORE

AFTER: SOLD

172 Chivas Lane, Santa Rosa Beach, Florida New Home Construction Project Cost: $1,982,000 Contract Price: $2,750,000 Profit: $768,000

Project Start Date: July 2016 Sold Date: August 2017

8865 East County Highway 30A, Inlet Beach, Florida Complete home renovation Purchase Price: $790,000 Anticipated Sale Price: $1,500,000 Project Costs: $310,000 Profit: $400,000

Project Start Date: January 2017 Sold Date: September 2017


Experience: Complete and Current Projects 3527 E County Highway 30A, Santa Rosa Beach, Florida New Home Construction Project Cost: $2,100,000 Sale Price: $3,249,000 Profit: $1,149,000

Project Start Date: January 2018 Sold Date: March 2019

COMPLETE: SOLD

AFTER: SOLD

FOR SALE

FOR SALE

3537 E County Highway 30A, Santa Rosa Beach, Florida New Home Construction Project Cost: $2,150,000 Anticipated Sale Price: $3,349,000 Anticipated Profit: $1,199,000

Project Start Date: January 2018 Anticipated Sold Date: May 2019

3073 East County Highway 30A, Inlet Beach, Florida New Home Construction Project Cost: $2,900,000 Anticipated Sale Price: $4,500,000 Anticipated Profit: $1,600,000

Project Start Date: May 2018 Anticipated Sold Date: July 2019

UNDER CONSTRUCTION

RENDERING


Partnership Opportunity: Inlet Beach Lot 215 Split Lot 215 Split: Project Scope: Two separate 3,600 Sq. Ft. Homes Combined Projected Rental Revenue of $250,000

Financial Overview (per lot): Lot 2 Purchase Price

$250,000

Lot 1 Purchase Price

$250,000

Add’ Upfront Costs

$40,000

Add’ Upfront Costs

$40,000

Total Build Costs

$775,000

Total Build Costs

$775,000

Cost of Funds

$60,000

Cost of Funds

$60,000

Brokerage Fee

$90,000

Brokerage Fee

$90,000

TOTAL COSTS

$1,215,000

TOTAL COSTS

$1,185,000

Target Sale Price

$1,725,000

Target Sale Price

$1,725,000

TOTAL PROFIT

$510,000

TOTAL PROFIT

Target Profit: $1,020,000

$510,000


Partnership Opportunity: Inlet Beach Tidewater Lot Project Scope: 2,800 Sq. Ft. Home Projected Rental Revenue of $100,000

Financial Overview: Lot Acquisition Other Upfront Costs Total Build Costs

$275,000 $40,000 $700,000

Cost of Funds

$50,000

Brokerage Fee

$76,000

TOTAL COSTS

$1,141,000

Sale Price

TOTAL PROFIT

$1,490,000

$349,000


Partnership Opportunity: Park Place Lot Project Scope: 6,000 Sq. Ft. Home Projected Rental Revenue of $300,000

Financial Overview: Lot Acquisition Other Upfront Costs Total Build Costs

$850,000 $40,000 $1.250,000

Cost of Funds

$70,000

Brokerage Fee

$150,000

TOTAL COSTS

$1,178,000

Sale Price

TOTAL PROFIT

$3,000,000

$640,000


Partnership Opportunity: 66 Walton Gulfview Project Scope: Renovation + New Construction Combined Projected Rental Revenue of $300,000

Financial Overview (per parcel): Lot Acquisition Add’ Upfront Costs Total Build Costs

$450,000 $40,000 $900,000

Cost of Funds

$60,000

Brokerage Fee

$90,000

TOTAL COSTS

$1,380,000

Target Sale Price

$1,925,000

TOTAL PROFIT

$535,000


Partnership Opportunity: Chateaux 30A Project Scope: Development – 8 Homes Combined Projected Rental Revenue of $300,000

Financial Overview (total): Lot Acquisition Add’ Upfront Costs Total Build Costs

$7,000,000 $250,000 $10,000,000

Cost of Funds

$400,000

Brokerage Fee

$1,200,000

TOTAL COSTS

$18,850,000

Target Sale Price

$24,000,000

TOTAL PROFIT

$5,150,000


Partnership Opportunity: Inlet Beach Development Project Scope: Final Order – 68 Homesites 10 Ft Front/ Rear Setbacks 5 Ft Side Setbacks

Acquisition Cost - $1.5M - $1.8M ($22K - $27K per lot) Retail Price Per Home: ~$450K


Partnership Opportunity: Osprey Creek Development Project Scope: Platted Development – 149 Lots Infrastructure, Utilities, Curbing in Place Acquisition Cost - ~$30M (~$200K per lot) Retail Price Per Home: ~$850K-$950K Watersound Origins Alys Beach Rosemary Beach 30Avenue


Partnership Opportunity: Elysee Court Project Scope: Development – 3 Homes 5000 Sqft Each Financial Overview (total): Acquisition Add’ Upfront Costs Total Build Costs

$3,000,000 $100,000 $3,750,000

Cost of Funds

$150,000

Brokerage Fee

$600,000

TOTAL COSTS

$7,600,000

Target Sale Price

$12,000,000

Target Profit

$4,400,000


Partnership Opportunity: Emerald Cove Lane Project Scope: Development – 2 Homes 6500 Sqft Each Financial Overview (total): Acquisition Add’ Upfront Costs Total Build Costs

$4,000,000 $100,000 $3,250,000

Cost of Funds

$150,000

Brokerage Fee

$550,000

TOTAL COSTS

$8,050,000

Target Sale Price

$11,000,000

Target Profit

$2,950,000


Partnership Opportunity: Eastern Lake Road Project Scope: Development – 3 Homes 4500 Sqft Each Financial Overview (total): Acquisition Add’ Upfront Costs Total Build Costs

$1,900,000 $100,000 $3,250,000

Cost of Funds

$150,000

Brokerage Fee

$450,000

TOTAL COSTS

$5,850,000

Target Sale Price

$9,000,000

Target Profit

$3,150,000


Partnership Opportunity: Blue Mountain Gulf Front Project Scope: Development – 4 Home Gulf Front – 4500 Sqft (2)/ Tier 1 – 3000 Sqft Financial Overview (total): Acquisition Add’ Upfront Costs Total Build Costs

$5,000,000 $250,000 $3,950,000

Cost of Funds

$350,000

Brokerage Fee

$800,000

TOTAL COSTS

$10,350,000

Target Sale Price

$16,000,000

Target Profit

$5,650,000


Partnership Opportunity: S Ryan Street Project Scope: Development – 1 Home 4000 Sqft Financial Overview (total): Acquisition Add’ Upfront Costs Total Build Costs

$575,000 $30,000 $800,000

Cost of Funds

$50,000

Brokerage Fee

$125,000

TOTAL COSTS

$1,580,000

Target Sale Price

$2,000,000

Target Profit

$420,000

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Development Opportunities - 30A - June 2019  

June 2019 edition. Brief overview of prior development project success stories and potential opportunities available in the 30A area.

Development Opportunities - 30A - June 2019  

June 2019 edition. Brief overview of prior development project success stories and potential opportunities available in the 30A area.

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