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Super Lot
Small lot land subdivision; 1 into 14 lots + multiple single (owner occupied) home builds
Often, in a large subdivision, the master estate developer will sell off what they call a ‘super lot.’ They do this mostly for a quick, large capital sale to augment the happiness of the masterful, all-powerful financier. But sometimes it’s also to move a difficult parcel of land, introduce different product types, or bring in a new party to deal with the end consumer in a different way. Undanbi Place was one of these, which we subdivided into 14 lots. Selling about 50/50 vacant land vs completed homes, it was a mini commercial/unit project for us and kept our builders busy, capital deployed, and made a nice return overall.
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