Lighthouse Harbor Palm Coast, FL

Investment Highlights

• Fully Entitled, Permit-Ready Site with Approved 240-Unit Development Program
• Located Within the 88-Acre Marina Village Master-Planned Development
• Summit Contracting Prototype Program Compatibility — Potential 5–10% Construction Cost Reduction
• Palm Coast MSA Population Projected to Grow 14.6% by 2030
• Affluent Demographics & Strong Rent Comparable Support
• Closest Interstate Beach Exit from Maine to Miami — 3 Miles to I-95

Fully Entitled, Permit-Ready Site with Approved 240-Unit Development Program

This is a permit-ready land site with a full entitlement stack in place. Entitlements include a City of Palm Coast Development Order, FDOT approval, and St. Johns River Water Management District (SJRWMD) Environmental Resource Permit (ERP). The site is zoned PD (Planned Development) through the City of Palm Coast and sits within the larger Marina Village Master Development. A buyer avoids the entitlement risk, carrying costs, and 12–24+ month timeline typically associated with ground-up land development in this region. The approved site plan includes a clubhouse, resort-style pool, surface parking, and 80 private garages — providing a meaningful NOI premium above standard surface parking. The 240-unit program features 80 one-bedroom units, 130 two-bedroom units, and 30 three-bedroom units across five 4-story buildings, averaging 1,019 SF per unit, with fully designed floor plans ranging from 641 SF one-bedroom units to 1,346 SF three-bedroom units.

Located Within the 88-Acre Marina Village Master-Planned Development

The site is an embedded component of the 88-acre Marina Village mixed-use development, directly adjacent and currently under construction. Upon completion, Marina Village will deliver a marina with 280 wet/dry boat slips, a hotel, and over 100,000 SF of commercial and retail space, along with green/plaza space — driving a premium rental rate environment that a stand-alone site could not otherwise support. This site is the only MFR (Apartments) component within the master-planned Marina Village PUD.

Summit Contracting Prototype Program Compatibility — Potential 5–10% Construction Cost Reduction

The floor plans are designed to be compatible with Summit Contracting’s Prototype Program, which can reduce vertical construction costs by 5–10% through pre-engineered designs, pre-bid subcontractor trade groups, and national manufacturer buying power. This reduces both construction cost and schedule risk for a prospective developer and offers a clear advantage in a higher-rate environment where development margins are compressed.