Springwood Estates

<p><span style="color: rgba(33, 37, 41, 1)"><span>Harmony Shores is a 12.58-acre, mobile home park in one of Naples’ most attractive (and most affluent) locales.​<br><br>It features 12.58 acres of redevelopment area, offering tremendous upside through its vast potential of uses, and its capitalization of Naples’ affluency.​<br><br>The Property is along the highly visible US 41 (Tamiami Trail), benefiting from a favorable daily traffic count of 44,103 vehicles.​<br><br>Additional traffic generators include 5th Avenue South, Bayshore District, Tin City Tourism, Naples Beaches and so much more.​</span></span></p>

<p><strong style="color: rgba(24, 24, 24, 1)">LSI Companies is pleased to present Pete’s Trailer Park, a 55-lot mobile home park in Immokalee, Florida.​</strong></p><p></p><p><span style="color: rgba(24, 24, 24, 1)">The property includes 33 park-owned mobile homes (built 2005–2023) and 22 tenant-owned units, all individually metered for water, sewer, and electricity.​ Pete’s Trailer Park presents a compelling opportunity to acquire a stabilized, income-producing mobile home park in one of Southwest Florida’s most supply-constrained workforce housing markets.​ Located in Immokalee, a high-demand agricultural and labor-driven submarket, the property benefits from consistent tenant demand, and strong long-term fundamentals.​ The asset offers investors immediate in-place cash flow with the ability to further enhance returns through operational efficiencies and strategic rent adjustments.​</span></p><p></p><p><span style="color: rgba(24, 24, 24, 1)">The property consists of a well-established community with a mix of tenant-owned and park-owned homes, providing a diversified income stream and reduced capital exposure.​ Current rents remain below market levels, presenting a clear path for revenue growth through gradual increases and improved management practices.​</span></p><p></p><p><span style="color: rgba(24, 24, 24, 1)">With continued population growth across Southwest Florida and increasing demand for affordable housing options, mobile home parks have emerged as one of the most resilient asset classes in today’s market.​ Pete’s Trailer Park is uniquely positioned to capitalize on these trends, offering investors a rare opportunity to acquire a high-performing asset with both immediate income and long-term upside potential.​ This offering represents an attractive balance of stability, growth, and strategic optionality in a rapidly evolving market.​ </span></p>

<h1>Value Add - 2 Contiguous RV Parks with 123 Pads</h1><p>Investment Overview</p><p>The offering presents an exceptional opportunity to acquire two contiguous mobile home and RV parks—Dew Drop RV Park and Okeechobee Lake RV Park—positioned on a combined 10.2 acres with canal frontage providing direct access to Lake Okeechobee, one of Florida’s most iconic natural landmarks.​ </p><p></p><p><strong>Property Highlights</strong></p><p></p><p><strong>Dew Drop RV Park</strong></p><p>Located at 8761 Highway 78 West, Dew Drop was originally developed in 1988 and spans 3.9 acres featuring 57 well-maintained, rent-only pads.​ The park is thoughtfully designed with dual access points, paved interior roadways, and sub-metered public water with septic infrastructure in place.​ <strong>Tenants are billed for their pro-rata share of water</strong>, ensuring efficient operational cost recovery.​ The property’s layout and mature landscaping reflect a well-established, stabilized community environment.​</p><p><strong>Okeechobee Lake RV Park</strong></p><p>Situated at 9851 Highway 78 West, Okeechobee Lake RV Park encompasses 66 rent-only pads and offers residents an enhanced living experience with a clubhouse, freestanding bathroom and shower facility, and a utility room for on-site convenience.​ <strong>Tenants are billed for electric as a pass-through expense,</strong> supporting consistent NOI performance.​</p><p>Adding to its appeal, the property includes a 6,743± SF commercial building fronting Highway 78—formerly a restaurant—offering tremendous value-add potential for commercial or mixed-use redevelopment, capitalizing on the site’s visibility and frontage.​</p><p><strong>Location & Market Position</strong></p><p>The parks are strategically located just six miles (approximately 5–10 minutes) from Downtown Okeechobee, providing residents quick access to local shopping, dining, and essential services.​ This proximity delivers a distinct competitive edge over many comparable parks in the region, which are often located farther from the city’s core.​</p><p>Current lot rents of $450–$500 per month remain below the prevailing market average of approximately $550 per month, offering immediate rent-growth potential and meaningful upside in cash flow through incremental adjustments.​</p>

<p><span style="color: rgba(33, 37, 41, 1)"><span>Sunstone Real Estate Advisors is pleased to present Hideaway Hills MH & RV Park, a diversified manufactured housing and RV community offering multiple income streams across land rentals and park-owned home operations.​ The community consists of 18 manufactured home sites, 36 RV sites, 3 cottages, and 1 single-family rental, totaling 58 sites, with economic occupancy of approximately 93.1% and physical occupancy of approximately 96.6%.​ Current average rents include approximately $750 per occupied MH site and $715 per occupied RV site, supported by strong in-place demand and stable occupancy.​ The asset benefits from a mixed-use revenue profile that includes MH, RV, cottage, and POH income, reducing reliance on any single site type.​ Hideaway Hills presents an opportunity to acquire a stabilized, cash-flowing community with built-in growth through rent increases, lease-up of remaining MH sites, and continued operational refinement.​</span></span></p><p style="text-align: justify"></p><p style="text-align: justify"><span style="color: rgba(33, 37, 41, 1)"><span>The underwriting reflects a measured value-add strategy focused on lease-up of remaining MH sites, annual rent growth, and expense normalization under professional management.​ Combined operations generate approximately $567,477 in total income at current operations, increasing to approximately $793,898 by Year Five, driven by rent growth, improved occupancy, and expanding margins.​</span></span></p><p style="text-align: justify"></p><p style="text-align: justify"><span style="color: rgba(33, 37, 41, 1)"><span>Net Operating Income is projected to increase from approximately $335,968 currently to $473,623 by Year 5, supported by improving operating efficiency and scaled revenue across the asset’s diversified income base.​ Expense ratios are underwritten to remain efficient at scale while supporting stabilized operations, improving from approximately 41% at current operations to 40% by Year 5.​ Based on the proforma, cash-on-cash return expands from 8.12% at current operations to 11.18% by Year 5, underscoring the durability of cash flow and long-term upside profile.​</span></span></p>

<p><span style="color: rgba(33, 37, 41, 1)">Sunstone Real Estate Advisors is pleased to present Bickford, Iverson & Fritchey Trailer Park, a 43-site manufactured housing community located in Naples, Florida.​ The property is currently operating at approximately 95% economic occupancy (41 of 43 sites) with an average lot rent of approximately $630 per month, providing stable in-place cash flow.​ The community benefits from a simple operating structure and strong demand for affordable housing within one of the most supply-constrained and high-cost housing markets in the United States.​ With only two remaining economically vacant sites, the asset offers immediate upside through stabilization to full occupancy.​ The property’s positioning within Naples provides a compelling affordability alternative to conventional housing options, where rents are significantly higher across the broader market.​</span></p><p></p><p><span style="color: rgba(33, 37, 41, 1)">The underwriting reflects a value-add strategy centered on rent growth and full occupancy stabilization, with a clear path to increasing revenue through rental realignment.​ Average rents are projected to increase meaningfully over time, supported by the significant gap between manufactured housing costs and traditional apartment rents in the Naples market.​ Total revenue is projected to increase from approximately $374,000 currently to ~$640,000 by Year 5, driven primarily by rent increases and stabilization.​ Net Operating Income is projected to grow from approximately $227,500 to ~$440,000, reflecting both revenue growth and improving operating efficiency.​ Expense ratios decline from approximately 39% to ~31%, demonstrating operating leverage as revenues scale.​ Bickford, Iverson & Fritchey Trailer Park presents a compelling opportunity to acquire a stabilized asset with strong in-place cash flow and a clear path to long-term income growth in a high-barrier-to-entry market.​</span></p><p></p>

<p><span style="color: rgba(0, 0, 0, 1)">Unlock the potential of this exceptional 110-acre development opportunity in Brooksville! This rare parcel is already zoned and approved for a large-scale mobile home park community potentially featuring 300 RV sites, 99 park models/tiny homes, and 149 primitive camp spots, a combination that is increasingly difficult to secure.​ With approvals already in place, developers can fast-track construction and avoid the lengthy and uncertain county rezoning process.​ Strategically positioned with direct frontage on US-98 (Cortez Blvd), this property offers outstanding visibility and accessibility.​ Located just 4 miles from I-75 and approximately 6 miles from major retailers including Walmart, Publix, and Winn-Dixie, the site provides convenience for future residents and strong appeal for investors.​ Additionally, its proximity, just 45 minutes north of Tampa, places it within reach of one of Florida’s most dynamic metropolitan areas while still offering the space and flexibility for large scale development.​ Beyond its current approvals, this versatile property also presents a compelling opportunity for commercial expansion, such as a shopping center or national retail chain (subject to zoning approval).​ The current flexible zoning district allows customized land uses, densities, and setbacks tailored to specific, often large-scale projects.​ These developments often require site-specific master plans, combining residential, commercial, or mixed-use elements.​ Whether you’re looking to develop a high demand RV/mobile home park or explore broader commercial possibilities, this property offers location, scale, and entitlement advantages that are nearly impossible to replicate.​</span></p>