This week we learned more about the Fort Pierce wave pool project in Florida as the company provided more information on property purchase options. Koa Bay will offer 1,000 residential units as well as a hotel and dining and retail spaces surrounding a 56-module Wavegarden Cove.
“Passionate surfers who want to be near the excitement will have an opportunity to join a 1,000-unit residential community while two hotels will provide visitors with a convenient and desirable location from which to explore this burgeoning region,” the company says.
Koa Bay Surf Resort & Community is now detailing two primary investment paths.
The first is through real estate ownership. Individuals may purchase a home within the community as a primary or secondary residence. According to the Homeowners Association bylaws, properties must be rented for a minimum of 30 days. This policy is intended to maintain a stable, resident-focused community. Pre-construction pricing, architectural plans, and floor plans will be released once builder partnerships are finalized.
The second option is equity investment in Surf Koa Bay, LLC, the company developing and operating the resort. This path includes the opportunity to become a Founding Member. Updated investment materials, including the business plan and projected returns, will be made available on the resort’s website.
Founding Members will also have access to a range of exclusive benefits, including priority home lot selection. Additional details and next steps for potential investors will be provided once the updated materials are published.
