First Tier Beach House on Cape Can Blas

[John Arena]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,400,000
Cash invested: $400,000

First tier beach property on Cape San Blas. Built in 2021. 4 bedroom/ 3 baths. In June 2024, we completed installation of a heated and chilled pool. The landscaping is underway. Once completed, I will post pictures.

What made you interested in investing in this type of deal?

We had vacationed there for years and viewed it as a place for future retirement.

How did you find this deal and how did you negotiate it?

Real estate agent. It was a typical house purchase deal.

How did you finance this deal?

Cash on hand and conventional mortgage

Lessons learned? Challenges?

I have alot to learn. The house is underperforming financially. It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.