1051 S. Southlake Drive
GB2 Properties · Development Opportunity

1051
S. Southlake Drive

Hollywood, Florida · Waterfront
$17.95M
Projected Sale
40%
Internal Rate of Return
8,161
Under A/C SF
17,545
Lot SF
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The Opportunity

A ground-up waterfront residence in one of Hollywood's most coveted enclaves.

1051 S. Southlake Drive is a single-family luxury development on a 0.40-acre waterfront lot, designed by SDH Studio and delivered by GB2 Properties from land through turnkey completion.

The project pairs an exceptional site with disciplined underwriting — targeting a $17.95M sale at approximately $2,200 per square foot, with a 40% annualized return to equity partners.

Address1051 S Southlake Dr, Hollywood, FL
ProductSingle-Family Residence
Configuration7 Bed · 9.5 Bath · 3-Car Garage
Under A/C Area8,161 SF
Total Covered10,594 SF
Lot Size17,545 SF · 0.40 acre
ArchitectSDH Studio Architecture + Design
DeveloperGB2 Properties
Waterfront pool rendering
Pedigree

The team behind 1051

1051 S. Southlake is developed by GB2 Properties, a boutique design-build developer of architecturally significant residences across South Florida & Central Texas. GB2 brings architectural vision, interior design, and master craftsmanship together under a single accountable team — personally overseeing every stage from land acquisition through turnkey delivery.

30 yrs
Of Experience
300K+
SQFT Built
$100M+
In Construction

Led by James Benarroch, Jonathan Blum & Uriel Ghelman

In collaboration with
Architecture & Interior Design

1051 S. Southlake is designed by SDH Studio, the award-winning Miami architecture and interior design firm founded by architect Stephanie Halfen. With 19+ years of experience and more than 100 completed residences, SDH is known for contemporary, site-specific homes that fuse tropical-modern design with refined craftsmanship.

Sales & Brokerage

The residence will be marketed and sold through Compass, the nation's largest real estate brokerage by sales volume. Its national reach and proprietary technology platform support data-driven marketing designed to connect the home with the right buyer.

Investment Summary

The numbers at a glance

$17.95M
Gross Sale Price
$4.82M
Net Profit Before Taxes
$3.5M
Equity Requirement
$2,200 /SF
Projected Sale / Comp down the street at $3K+/SF
24 mo
Project Duration
13%
Lot Acquired Below Market
40%
Internal Rate of Return
1.80x
MOIC · Equity Multiplier
Project Timeline
Q4 2026
Groundbreaking
Q3 2028
Projected On Market
Partnership Structure & Returns

How equity is rewarded

Equity Contribution$3.5M
Preferred Return8%
Equity Profit Share60%
Return Per Annum40%

Tiered Distribution Waterfall

1Return of Partners' Equity$3,500,000
2Preferred Return (8%)$502,517
3Equity Partners' Profit Share$2,590,419
4Building Guarantor Partner Profit$1,726,946
Capitalization

Where the capital goes

28% · Land
$3.5M
Land & site improvements
$429 / SF
50% · Hard Costs
$6.14M
Hard construction costs
$752 / SF
22% · Soft Costs
$2.66M
Soft costs & financing
$326 / SF
The Residence

Floor plans

7 Bedrooms · 9.5 Baths · 3-Car Garage · 8,161 SF Under A/C · 10,594 SF Total Covered
First Floor
Second Floor

Illustrative only. Renderings and plans subject to change.

Location

Waterfront in South Lake, Hollywood

Set on the South Lake waterway, the site offers direct water frontage and quick access to the Intracoastal — a rare, protected setting minutes from Hollywood Beach and central to South Florida's most active luxury market.

Waterfront single-family inventory of this caliber remains severely supply-constrained, supporting the project's pricing thesis and exit strategy.

Aerial view with subject site marked
Market Context

Why $10M+ Waterfront

Scarce waterfront inventory, record super-prime activity, and sustained UHNW demand continue to support South Florida's most exclusive residential segment.

361
$10M+ South Florida Home Sales · 2025
South Florida recorded 361 residential sales at $10M and above in 2025 — the second-highest annual total on record after 2021.
+35%
Miami Super-Prime Sales Growth · YoY
Miami's $10M+ super-prime market grew 35% year over year from Q1 2024 to Q1 2025.
82%
All-Cash Share · Miami Super-Prime Cohort
The Miami Super Prime Report shows an 82% all-cash share for the high-end single-family and condo cohorts analyzed.

Sources: MIAMI REALTORS® / SEFMLS · Knight Frank · Analytics Miami · Miami Super Prime Report · 2025–2026.

Invest with GB2

Let's talk

Detailed underwriting, draw schedule, and partnership terms are available to qualified investors upon request.

Emailinfo@gb2properties.com
Phone(954) 399 4565
Office20900 NE 30th Ave, Suite 200, Aventura, FL 33180