104 Lost Beach

104 Lost Beach Lane

Ponte Vedra Beach, FL 32082

 

Watch this video for details on the PREFER model and the 104 Lost Beach property.

PREFER Loan Amount

Total Raise: $600,000

  • Down Payment: $318,400

  • 2.5% Points: $34,750

  • Closing Costs: $52,965

  • Construction Fee & Costs: $24,500

  • Wholesale Fee: $80,000

  • Carrying Cost (6-8 Months): $175,120

PREFER Secured Loan Interest: $168,000

Cash on Cash Return: 28%

BECOME A LENDER ON A SIMILAR DEAL

Property Details

  • 6 Beds, 5 Baths, 3,433 Sq. Ft.

  • Two-Story with Pool + Spa

  • Steps to the Atlantic Ocean

  • Located in Private Neighborhood

  • Near Ponte Vedra Inn & Beach Club

Rehab Details

  • Open Concept First Level with Full Kitchen Remodel

  • Primary Suite Remodel

  • New Windows

  • Remodel All Bathrooms

  • Add Outdoor Shower and Kitchen

Property Data

Buy Price: $1,390,000

  • Mortgage Amount: $1,592,000

  • Rehab Cost: $600,000

  • Estimated Completion: 6-8 Months

Estimated After Repair Value: $3,000,000

Went to Market: October 2025

Estimated Payout: Late 2025/Early 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    • Choosing properties that are not selling for their full value because they’re out of date and missing the key features & amenities luxury buyers are looking for.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

04.18.25 Update

  • Pool coping & refinishing done

  • Patio pavers done

  • Outdoor chimney done

  • Outdoor kitchen installing

  • Interior paint complete

  • Driveway in process

  • Brokers Open scheduled for early May

05.16.25 Update

  • Cali Kitchen is being finished

  • All flooring & pavers complete

  • Cabinets & appliances going in

  • Interior finishes in process

  • Stucco repairs beginning

  • Italian Calcutta Marble fireplace complete

  • Bathroom tile complete

  • Brokers Open scheduled for June 5th

05.09.25 Update

  • Pavers in front

  • Wood floors & tile finished

  • Coffered ceiling is in

  • Outdoor kitchen today

  • Cabinets going in May 12th

  • Front landscaping under way

  • Brokers Open rescheduled for early June

11.15.25 Update

  • Listed through Berkshire Hathaway and have multiple showings

  • Open house today and tomorrow

12.13.25 Update

  • Listed through Berkshire Hathaway and have multiple showings

  • Open house this weekend

  • Great feedback from buyers’ agents

11.08.25 Update

  • Listed through Berkshire Hathaway and have multiple showings

  • Did price reduction, open house over the weekend

10.24.25 Update

  • Listed through Berkshire Hathaway and have multiple weekend showings

  • Great feedback so far, two “2nd” showings scheduled for today/tomorrow!

09.19.25 Update

  • Closet shelving installed

  • Final landscaping & pool touchups

  • Listing this property with Berkshire Hathaway next week

09.26.25 Update

  • Final staging and professional photos taken for MLS listing with Berkshire Hathaway

10.04.25 Update

  • Professional photos taken

  • Listing with Berkshire Hathaway on Monday

08.23.25 Update

  • Remaining materials ordered

  • New listing coming with price reduction to move the property

  • New Berkshire Hathaway agents working on marketing plan

08.29.25 Update

  • Finishing touches being installed within the next week

  • Listing this property with Berkshire Hathaway in mid-September

09.05.25 Update

  • Shower glass installed and final coset design began Thursday

  • Listing this property with Berkshire Hathaway in mid-September

07.07.25 Update

  • Broker’s Open was on 06/27

  • House is on the market!

  • Showings this week!

07.18.25 Update

  • House is on the market!

  • Broker’s Open was on 06/27

  • Showings ongoing!

08.01.25 Update

  • House is on the market!

  • Updating some finishes per feedback

  • Showings ongoing!

06.13.25 Update

  • Wrapping up

  • 4 Pre-Qualified Buyers Lined Up

  • Interior Finishes / Touch-Ups under-way

  • Front landscaping under-way

06.20.25 Update

  • Wrapping up

  • Interior Finishes / Touch-Ups are finishing

  • Front landscaping touch-ups

  • 5 showings next week!

06.27.25 Update

  • Broker’s Open happened on Thursday, June 26th

  • 53 attendees at Broker’s Open

  • Lots of interest!

05.23.25 Update

  • HVAC, plumbing, electrical trim in process

  • Cabinets & tops installing May 23rd

  • Coffered ceiling in process

  • Expected completion by end of this month

05.30.25 Update

  • Installing cabinets & countertops

  • Installing appliance, bathtubs, toilets, light fixtures, etc.

  • Front landscaping is being finished

  • Staging next week

  • Brokers Open next Thursday

06.06.25 Update

  • Pavers completing in front.

  • Custom hood vent installation.

  • Dry vent boxes being completed.

  • Cabinet and appliances installed.

  • Quartz counter top completed.

  • Final touch-ups, fixtures, and finishes.

  • Brokers Open moved to next week.

03.21.25 Update

  • Landscaping finalizing

  • Pavers under way

  • Pool finishing starts next week

  • Inspection on electrical done

  • Insulation & drywall going in this weekend

  • Interior doors & trim starting

03.28.25 Update

  • Landscaping finalizing

  • Pavers finalizing

  • Insulation is in

  • Drywall in process

  • Brokers Open scheduled for early April

04.04.25 Update

  • Driveway being redone

  • Pool deck & coping

  • Drywall is done - interior paint next

  • Interior finishing after that

  • Brokers Open rescheduled

02.28.25 Update

  • Electrical final in progress

  • HVAC final is complete

  • Stucco is done

  • Exterior paint in progress

  • Garage door is done

  • Insulation & drying awaiting MEP inspection

03.07.25 Update

  • Electrical finals are complete

  • Exterior paint is complete

  • Drywall next week

  • Landscaping starting soon

  • Brokers Open planned for end of March

  • Go-To-Market Expected March / Early April

03.14.25 Update

  • Drywall completed next week

  • Landscaping finishing next week

  • Remaining windows next week

  • Pavers start next week

01.24.25 Update

  • HVAC finalizing this week

  • Windows, doors, and sliders installing next week

  • Interior/Exterior finishes starting soon

02.07.25 Update

  • Stucco is in progress

  • Priming & painting starting soon

  • Windows have been installed

  • Glass sliders in progress

02.14.25 Update

  • Plumbing Top-Outs done

  • HVAC & Electric finals next Monday

  • Drywall & Exterior Paint next week

12.20.24 Update

  • Rough plumbing is done

  • Working on electric & HVAC

01.10.25 Update

  • Windows, doors, and sliders delivered

  • New roof going on

01.17.25 Update

  • Plumbing and roof are done

  • Windows, Doors, HVAC & Electric complete by next week

12.13.24 Update

  • Plumbing in process

  • HVAC up next

  • Offer may be coming soon!

11.22.24 Update

  • Design Book Complete

11.15.24 Update

  • Rough in stage complete

  • Starting electrical

11.08.24 Update

  • Finishing the Rough-In Stage

  • Video of the Progress at 16:56

10.14.24 Update

  • Interior design is complete

  • Landscaping concept is complete

  • Removing pool cage

  • Outdoor kitchen design complete

  • Rough-in phase is starting

10.21.24 Update

  • Video of the Job Site at 9:58

  • Small pause on Master bedroom

  • Resubmitted plans to Engineer

11.22.25 Update

  • Listed through Berkshire Hathaway and have multiple showings

  • Did price reduction and having open house this weekend

  • Great feedback from buyers’ agents

12.06.25 Update

  • Listed through Berkshire Hathaway and have multiple showings

  • Open house this weekend

  • Great feedback from buyers’ agents

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.