SG 11746 Alabama Barefoot Waterfront Residential Development Opportunity

Multi-Family (under 24 units) sg 11746 alabama barefoot waterfront residential development opportunity alabama barefoot waterfront residential development opportunity property for sale executive summary barefoot bay is a fully developed waterfront subdivision on lake eufaula, featuring 23 deeded residential lots. the property offers a rare opportunity for developers to acquire 3 completed homes and all remaining build-ready lots, with all utilities and development fees paid. up-and-coming area with property values increasing steadily. key highlights: 23 total homes planned 3 completed homes included average home size: 1,790 sq ft first home sold at $241 per sq ft (~$431k per home) all lots are ready for immediate construction full access to 45,000-acre lake eufaula only known property with deeded lake-access lots asking price (entire project): $1.6 million development status featurestatus waterinstalled & paidsewerinstalled & paidpowerinstalled & paidroad infrastructurelot-ready, partially paveddevelopment feespaidlots build-ready23 total, 19 remaining developer pro-forma (conservative) assumptions: remaining lots to build: 20 (3 completed homes already sold/included) average home size: 1,790 sq ft sale price per sq ft: $241 (validated by first home sale) estimated construction cost per sq ft: $120 (conservative) metricvalue average home sale price1,790 × $241 = $431,390estimated construction cost1,790 × $120 = $214,800gross margin per home$431,390 − $214,800 = $216,590total homes to sell (remaining 20 lots)20 × $431,390 = $8,627,800total construction costs (remaining 20 homes)20 × $214,800 = $4,296,000total gross profit (remaining lots)$8,627,800 − $4,296,000 = $4,331,800 including 3 completed homes: sale proceeds already realized: 3 × $431,390 = $1,294,170 total potential gross revenue: $8,627,800 + $1,294,170 ≈ $9.92 million total estimated construction cost: $4,296,000 + cost of completed homes (assume $214,800 × 3 = $644,400) ≈ $4.94 million total potential gross profit ≈ $4.98 million entry price vs potential: purchase price: $1.6 million potential gross revenue: ~$9.92 million projected gross profit: ~$4.98 million margin on entry price: ~237% (before financing, marketing, and soft costs) unique value proposition for developers deeded lake access: extremely limited inventory with permanent lake rights. proven pricing: first home sold at $241/sq ft confirms market demand. low-risk entry: all utilities and development costs paid; lots are build-ready. immediate cash flow: 3 homes already completed, 20 lots ready for construction. strong exit potential: phased build-to-sell or portfolio sale; high-demand waterfront buyers. for more information and showings, call the saleh group at 614-500-8500 or visit us online at www.salehgroup.com. sg 11746 barefoot al multi-family (under 24 units)