Updated Sep 22, 2026
Patrick Zalupski Of Dream Finders Homes Acquires Development Site In Riviera Beach For $12M
7920 North Military Trail
$12,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 18, 2026
About this deal
AI
A development site located at 7920 North Military Trail in Riviera Beach, FL, has been sold for $12 million. Dream Finders Homes has acquired 60 townhome lots in this transaction. The site is poised for development with homes ranging in size from 1,577 to 1,684 square feet, with expected pricing starting in the $400,000s. Sales for the Townes at Avian community are anticipated to commence in early 2027.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Buyer: Patrick Zalupski - Dream Finders Homes
- Seller: Robert Suris - The Estate Cos.
- Broker: Thomas Godart - Godart Florida Real Estate Investments
This transaction marks Dream Finders Homes' first community in Palm Beach County. The acquisition signifies a strategic entry into the local market, where the new development is expected to attract potential homebuyers in the forthcoming years.
On the Map
$12,000,000
Development Site
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Players
Gonvick Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93