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| Here is a typical larger "land development"
project for the Coronado area. This is an
actual property located in Coronado Heights along the Las Lajas Road
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Lajas Road "Back 40" Project |
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This is a Forty Acre spectacular view property on beautiful Lajas Road
(Coronado Heights) |
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There is a 2000 feet frontage on a major river |
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There is a large fully irrigated section for rental or revenue
generation |
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There are significant plantings of teak and mahogany trees |
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Asking Price |
Per SM |
Size SM |
Hectares |
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$575,000 |
$3.50 |
164286 |
16.43 |
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Development as a condo Residential Property of single family homes with
large common area and 50-75 large lots |
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Proposed Number of Lots |
60 |
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Size per lot in SM |
1500 |
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Size per lot in SF |
16050 |
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Total Lot size SM |
90000 |
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Selling price per SM |
$20 |
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Selling Price per lot |
$30,000 |
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Total gross revenue |
$1,800,000 |
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Extra land left over |
74286 |
For common use and revenue generation for condo association |
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Percent of land not used |
45% |
Horse trails, river front facility, orchards, mahogany and teak
plantations etc |
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Cost for roads |
$35,000 |
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Cost for water |
$25,000 |
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Cost for cleaning property |
$15,000 |
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Cost for river common area |
$20,000 |
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Cost of social area |
$30,000 |
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Marketing and selling costs |
$75,000 |
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Total costs to develop |
$200,000 |
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Potential Profit |
$1,025,000 |
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Time to complete in years |
3 |
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