The Artist House

6485 SW 83rd Street
Miami, FL 33143
Status:
Exited
Realized IRR 14.54%
Return on Equity 50.28%
Annualized RoE 16.76%
Term of Investment 3 years
Lot Size 10,650 S.F.
Size of Home Built 4,117 S.F.
Equity Multiple 1.57x
Time on Market 24 months after construction start
This property was purchased for $560,000. After completing due diligence, the team demolished the existing residence and designed a new 4,177 S.F. modern farmhouse. Construction proceeded for approximately 14 months, emphasizing clean lines, warm natural materials, and indoor-outdoor living tailored to South Florida. The home sold for $1,750,000 in September of 2019. Notably, this project is widely regarded as the first modern farmhouse designed and built in Miami-Dade County, helping spark a design trend that has since influenced new-builds and renovations across the area.
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Past performance is not indicative of future results. Investments in private real estate funds are speculative, illiquid, and involve risk of loss.