6 & 7 Farrey Lane
A rare two-lot waterfront development opportunity on the northern tip of Belle Isle, pairing a 5,340 SF waterfront residence with a 3,036 SF guest house.
Waterfront scale with a guest-house strategy.
Royal Palm Companies presents 6 & 7 Farrey Lane as a luxury waterfront residence and guest house development across two Farrey Lane lots. The program combines 8,384 SF of total saleable area on 7,314 SF of combined lot area.
The deck outlines a 35-month project timeline, a projected sale price of $47,700,000, total project cost of $30,390,000, and LP equity required of $7,700,000.
7 Farrey Lane
Waterfront residence with 5,340 SF, 4 bedrooms, 4.5 baths, chef kitchen, elevator, office, rooftop terrace, plunge pool, Jacuzzi, and covered understory.
6 Farrey Lane
Guest house with 3,036 SF, 3 bedrooms, 3.5 baths, kitchen, living room, laundry, elevator, rooftop terrace, gym/spa, glass elevator, and garage parking.
View corridor
North-facing Biscayne Bay views transition west toward Downtown Miami and Edgewater skyline sunsets.
6 & 7 Farrey Lane.
Images and planning visuals extracted from the equity deck.
Total project cost
All-in development cost from the equity deck, including land, soft costs, hard costs, financing, carry, and contingency.
LP equity required
The deck describes LP participation at 56% with projected 2.12x multiple and 29.3% IRR.
Subject delivery
Comparable tables position the completed subject at 7 bedrooms, 8 baths, 8,384 SF, and $5,700 PSF.
Request the 6 & 7 Farrey Lane deck.
For the full memorandum, capital structure, and private discussion, contact Greg directly.
Contact Greg