Fully permitted, shovel-ready property. The owners have significantly reduced the price for a quick sale and are far below recent comparable sales (including November 2023) for lots in Dorado Country Estates when you factor in the work completed to date. DCE 55 is a premium interior lot – away from any road noise, ~3/4 of an acre, and a great lot shape for a usable design including a fully detached 2 bedroom casita. Furthermore, this house is designed using insulated concrete foam technology, which dramatically reduces noise in the house, and increases energy efficiency, hurricane, and earthquake protection.

Total designed size is 11,000 GSF and 8,000 interior sqft. It has a detached guest house that could be removed if a buyer doesn’t need the extra space or cost.

Recent raw land sale in the neighborhood was $2.9mm in April 2023. This was a similar sized lot but backed up to the main road and is very noisy. That lot had no improvements. Currently, 55 DCE owners have spent money in the following ways:
• $300K+ on Architecture, engineering, design, and Permits (municipal taxes of over $130K paid). PUI obtained. Lot is being sold with all permits and plans. New owners could resume construction tomorrow, with a 16 month estimated remaining construction timeline (over half of time of development is completed).
• $250k+ in site work to make building pad ready to build, grading, etc.
• $100k+ to build a retaining wall
• $70k in rebar purchased that’s on-site
• >$225k in additional materials ordered
• Concrete footings are already poured – the slab work could start tomorrow (can also be removed if new owner wishes to start over)
• All of the above saves new owners ~1.5 year in design and construction time.
• Fixed Price Contract – the owners have 2 qualified GCs that with fixed-price contracts to finish construction of the home if the new buyer wanted to use these builders. It is estimated to cost an additional ~$4-4.5M all-in to finish the home to the standards you would expect form a high-end custom home including the pool, landscaping, etc.
• Potential to reduce the size/cost by removing the free-standing 2br guest house