About Northfork Estates
Market
Master Plan Plat Map
Location
●Lower than Average Cost of Living
●Average in Median Household Income and Home Value
●Very low unemployment and crime rate
●Reference “Spearfish Housing Market Study Brief_2022.pdf” in drive folder
Location
Master Plan Plat Map
Location
●Regional Housing Study Conducted in 2022
●Black Hills Region has been experiencing large population growth
●Growth rate expected to increase through 2030
●Over 400 additional ownership units still needed by 2030
Master Plan Plat Map
Master Plan Plat Map
Master Plan Plat Map
- 71 single family residential units
- 18 Acres
Veritcal Build
Dwiggins Homes, LLC (GC)
●Operating in South Dakota for over 10 yrs
●Building Single-family and Multi-family homes up to $1.5M
●Over 30 years experience in residential and commercial construction and Project Management
Champion Homes
●Experienced residential and commercial modular manufacturer
●Variety of designs available
Proposed Model Specs
●3 bed/2 bath, approx. 1400 sqft main level
●3 car garage
●Expected base sale price per unit: $360k to $385k (by phase)
Comps
● Reference “Market Comps_Whitewood.pdf” in the drive folder
Business Strategies and Partnerships
●Dwiggins Homes Contractor : Vertical Construction General
●Total units to build = 71
●Anticipating 20-25 units per year
●Expected duration of project = 30-36 mths
●Exit Strategy (primary COA):
●Sell each home w/ lot for $360k (min) for affordability