26 La Vista Drive

26 La Vista Drive

Ponte Vedra Beach, FL 32082

 

Watch this video for details on the PREFER model and the 26 La Vista property.

PREFER Loan Amount

Total Raise: $1,500,000

  • Down Payment: $1,102,500

  • 3.25% Points: $90,918.75

  • Closing Costs: $199,369

  • Construction Fee & Costs: $24,500

  • Wholesale Fee: $80,000

  • Carrying Cost (7-9 Months): $265,824

PREFER Secured Loan Interest: $435,000

Cash on Cash Return: 29%

BECOME A LENDER ON A SIMILAR DEAL

Property Details

  • 6 Beds, 5 Baths, 5,118 Sq. Ft.

  • Two-Story Family Estate Home

  • Exclusive Old Ponte Vedra

  • Large Corner Lot on Lagoon

  • Near Ponte Vedra Beach Clubs

Rehab Details

  • Full Demo in Kitchen

  • Oversized Luxury Appliances in Kitchen & Butler’s Pantry

  • All Bathrooms Remodeled

  • Add Bath

  • New Flooring, Windows and Sliders

  • Install New Paver Circle Driveway

Property Data

Buy Price: $3,925,000

  • Mortgage Amount: $3,797,500

  • Rehab Cost: $1,150,000

  • Estimated Completion: 7-9 Months

Estimated After Repair Value: $7,200,000

Estimated to Market: Summer 2026

Estimated Payout: Fall 2026

The PREFER Model

  • High-End Luxury Fix & Flips

    • Operating only in coastal markets

    • Choosing properties that are not selling for their full value because they’re out of date and missing the key features & amenities luxury buyers are looking for.

  • Totally Passive

  • Short-Term Cash on Cash Returns

    • 6-8 Month Rehab Timeline

    • Returns Expected Within 12 Months

  • Fractional

    • $50,000 Minimum

  • Geographic Mobility

    • Lender doesn’t have to be local to the property.

  • Extensive Due Diligence

    • Several third-party appraisals and consultations with local real estate agents and professionals to ensure these deals will produce the expected returns.

Property Updates

09.05.25 Update

  • Demo Completed

  • Architectural plans to move staircase being finalized

  • Design team working on design book

  • Windows and doors ordered

08.23.25 Update

  • Architectural plans are underway for the new open concept kitchen and new stairwell

  • Permits have been submitted

  • Design book is underway

08.29.25 Update

  • Permits secured

  • Demo completed

  • Architectural plans being finalized

  • Design team working on design book

09.19.25 Update

  • Demo Completed

  • Architectural plans finalized

  • Electrical has begun

  • Design book underway

10.04.25 Update

  • Electrical has begun

  • Design book underway

  • Engineering approved new staircase design

  • New primary suite closet framed

  • HVAC to begin next week

09.26.25 Update

  • Electrical has begun

  • Design book underway

  • Landscape architect on site this week

  • Demo started to move staircase

  • Floor prepped for construction

10.17.25 Update

  • Flooring selected, designers on site all week

  • Electrical underway

  • HVAC complete

  • Framing underway

  • Appliance package selected

11.01.25 Update

  • Permit approved, work resumed

  • Demo complete

  • Custom cabinet design underway

10.24.25 Update

  • Permit approved, work to resume next week

  • Stairs and structural changes next week

12.06.25 Update

  • Downstairs demo complete - clear vision from front door to pool/lagoon in backyard.

  • Custom cabinet design underway

  • HVAC & electrical completed

  • Brick removal underway to expand kitchen

  • Soffits replacement complete

11.08.25 Update

  • Demo complete

  • Custom cabinet design underway

  • HVAC completed

  • Brick removal underway to expand kitchen

11.22.25 Update

  • Staircase demo complete

  • Custom cabinets under construction off-site

  • HVAC and electrical underway

  • New staircase under construction

11.15.25 Update

  • Staircase removed for clear sight from entry through living room to the pool

  • New staircase being built to allow for open foyer

  • Custom cabinet design underway

  • Plumbing underway

  • Brick removal underway to expand kitchen

01.03.26 Update

  • Upstairs en-suite bedroom redesign complete

  • Custom cabinet design underway

  • HVAC and electrical complete

  • Front staircase rebuild complete

  • Soffits replacement complete

  • New cabana bath framed out

01.17.26 Update

  • HVAC and electrical complete

  • Custom cabinet design underway

  • Soffits replacement complete

01.31.26 Update

  • Marble selections made

  • Custom cabinet design underway

  • Front staircase rebuild complete

02.14.26 Update

  • Extensive plumbing renovation underway

  • Custom cabinet design underway

  • Final electrical complete

03.07.26 Update

  • Extensive plumbing renovation underway

  • Custom cabinet design underway

  • Final electrical complete

04.03.26 Update

  • New Windows installed

    Cabana bath framed in 

    HVAC Complete

    Electric Complete

    Plumbing Complete 

    Insulation Complete

    Drywall Delivered/Installation underway

03.20.26 Update

  • New Windows installed

  • Cabana bath framed in 

  • Rough trade inspections complete

  • HVAC Complete

  • Electric Complete

  • Plumbing Complete 

06.26.26 Update

  • Sheetrock is sanded and primed

  • Remaining existing hardwood floor was removed

  • Kitchen Cabinets have been ordered

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are installed

  • Flooring has been chosen

  • Exterior windows have been trimmed

  • Siding is finished

  • Interior misc punch for all trades to prepare for finish stage

  • Trim is 90% Complete

  • Floors prepped for new flooring

  • Flooring was ordered

  • Interior Doors are installed

  • Tile Delivered

  • Electrical panels and AC start complete

04.18.26 Update

  • Sheetrock is being sanded

    Existing hardwood floor removed

    Kitchen cabinets have been ordered

    Appliances are on site

    Plumbing fixtures are on site

    Interior doors will be delivered Tuesday

    Flooring has been selected

    Exterior windows have been installed/trimmed

    Siding to finish has been ordered

05.01.26 Update

  • Sheetrock is sanded and being prepped to be primed

  • Remaining existing hardwood floor was removed

  • Kitchen Cabinets have been ordered

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are on site

  • Flooring has been chosen

  • Exterior windows have been trimmed

  • Siding is finished

  • Interior misc punch for all trades to prepare for finish stage

  • All trim has been delivered

  • Floors are being prepped for new flooring

05.15.26 Update

  • Sheetrock is sanded and being prepped to be primed

  • Remaining existing hardwood floor was removed

  • Kitchen Cabinets have been ordered

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are installed

  • Flooring has been chosen

  • Exterior windows have been trimmed

  • Siding is finished

  • Interior misc punch for all trades to prepare for finish stage

  • All trim has been delivered

  • Floors are being prepped for new flooring

  • Flooring was ordered

07.11.26 Update

  • Sheetrock is sanded and primed

  • Interior Paint underway

  • Kitchen Cabinets Delivered - installed next week

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are installed

  • Flooring is in - waiting for delivery

  • Exterior windows have been trimmed

  • Siding is finished

  • Trim is Complete

  • Floors prepped for new flooring

  • Interior Doors are installed

  • Tile Delivered - scheduled for next week

  • Electrical panels and AC start complete

07.24.26 Update

  • Sheetrock is sanded and primed

  • Interior Paint underway

  • Exterior paint complete

  • Interior stairs and railing nearly complete

  • Kitchen Cabinets Being installed

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are installed

  • Flooring is in - waiting for delivery

  • Exterior windows have been trimmed

  • Siding is finished

  • Trim is Complete

  • Floors prepped for new flooring

  • Interior Doors are installed

  • Tile in all bathrooms complete

  • Electrical panels and AC start complete

07.24.26 Update

  • Sheetrock is sanded and primed

  • Interior Paint underway

  • Exterior paint complete

  • Interior stairs and railing nearly complete

  • Kitchen Cabinets Being installed

  • Appliances are on site

  • Plumbing fixtures are on site

  • Interior doors are installed

  • Flooring is in - waiting for delivery

  • Exterior windows have been trimmed

  • Siding is finished

  • Trim is Complete

  • Floors prepped for new flooring

  • Interior Doors are installed

  • Tile has started in all bathrooms

  • Electrical panels and AC start complete

Get on the List

What is the PREFER Method?

  • The real estate market is certainly tough right now, but the data is showing there are certain markets in the luxury space that are continuing to have the greatest opportunity for high profits, specifically for luxury-level flippers. According to a recent Luxury Market Report by the Institute for Luxury Home Marketing, “The most significant trend, after a slow start to the year, is that the North American luxury real estate market has, for the most part, returned to a seller’s market.” The report also details that luxury is no longer defined solely by size or price and that buyers are now seeking premium properties that meet their specific requirements and they are willing to pay a premium if the property checks all of their boxes. This is the prefer model in a nutshell - picking properties in these strong higher-end markets that are not selling for their full value because they’re out of date and missing the key things luxury buyers are looking for. That’s why these properties can double in value with some strategic luxury remodels.

  • Yes! PREFER Lenders provide the gap funding for the project and are paid a set cash on cash return when the project is complete and the property sells.

  • Look above for the form to add you to the email list. Participants will receive emails when new projects are coming - they will be the first to hear of new projects. Lending on a project is a first come, first served basis and these projects fill fast, so we recommend you get on the list even if you are not quite ready to become a lender on an upcoming project.

  • No! These projects can be lended in full or they can be fractional. The minimum amount is $50,000.

  • Rehabs are estimated to take 6-8 months. Once the project is complete the property will be listed for sale. The average days on market for the locations we operate in are between 45 and 90 days, meaning our estimated timeline for lenders to be paid is 12-14 months.

  • Your loan is collateralized by the real estate through a promissory note.