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Capitalize on the Power of Surf

Generating 12.5x higher profit margins compared to golf-focused resorts, and aligning with macro trends around fitness, eating well, and holistic happiness among demographics with purchasing power—Koa Bay is unmatched in investment potential.

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Investment Highlights

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Permitted for a 204-acre, architect-led surf resort grounded in Blue Zone principles—enticing key home-buying demographics

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Strategically located in one of the most visited regions in the world—drawing traffic from Orlando and Miami

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Experiential real estate commanding 20-40% higher prices, with surf-anchored resorts outperforming golf by 12.5X

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The resort will generate multiple sources of revenue including F&B sales, lessons, camps, corporate events, sponsorships, surf session presales.

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Projecting annual operating profit of $14MM, 35% IRR and 7X MOIC

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Access to future investment in the surf resort hotel

Investment Highlights

204 acres on florida coast

Permitted for a 204-acre, architect-led surf resort grounded in Blue Zone principles—enticing key home-buying demographics

22 mil cars pass by

Strategically located in one of the most visited regions in the world—drawing traffic from Orlando and Miami

home with surfboard icon

Experiential real estate commanding 20-40% higher prices, with surf-anchored resorts outperforming golf by 12.5X

multiple sources of revenue

The resort will generate multiple sources of revenue including F&B sales, lessons, camps, corporate events, sponsorships, surf session presales.

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Projecting annual operating profit of $14MM, 35% IRR and 7X MOIC

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Access to future investment in the surf resort hotel

DISCOVER THE POWER OF SURF-ANCHORED REAL ESTATE

Real estate anchored in high-engagement activities delivers pricing power and long-term demand that standard development struggles to match. Within this category, surf is among the highest engagement sports in the world, attracting the active, affluent, and experience-driven. This translates into robust local spending and real estate preferences tied to lifestyle access.

HIGHER PROFIT MARGINS

Surf-focused resorts hold supreme investment potential and 12.5x higher profit margins compared to golf-focused resorts.

CLIMBING REAL ESTATE VALUE

Markets like Costa Rica, Encinitas, California, and Byron Bay, Australia have seen real estate values climb steadily, driven by lifestyle migration and demand for surf-accessible homes.

INCREASED ECONOMIC ACTIVITY

In a 2016 study, researchers used light emission to measure surfing’s economic effects, finding that individual surf breaks generate $18–$25MM in annual economic activity.
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UNIT SURF POOL CREATES A PROFIT CENTER WITH FAST ROI

Koa Bay’s introductory amenity is a source of skill-based entertainment—creating repeat customers, low operating costs, and anchoring surrounding activation zones across the property.

PROVEN CONCEPT

4 operating worldwide
with 5 in development

Optimized For broad use

Adjustable waves allow for a breadth of surfers

TWO-WEEK INSTALLation

Fast to get up and running for quick ROI

200,000+ visitors

Annually, projecting $2.6MM in revenue

Video courtesy of: Wavegarden, Praia da Grama, Alaïa Bay, Wave Park and URBNSURF Melbourne.

Wavegarden is the industry leader in man-made wave technology

Waves are easily adjustable to fit all levels of surfers in a single session. The Lagoon is able to produce a range of waves from small grovelers for beginners, to barreling waves with air sections for experts.

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Wavegarden’s Wave Lagoon technology allows for up to 80 surfers per hour
Waves are energy efficient with ~1 kWh per wave
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Average of 450 waves per hour
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Koa Bay will house Wavegarden’s largest Wave Lagoon installation

Tailored to the surf lifestyle

Koa Bay Surf Resort has the wave quality, climate, and select amenities that will welcome surfers from the East Coast and beyond to scratch the itch at a fraction of the cost and time of going to Rincon, Costa Rica, or Mexico. Koa Bay’s surf programming has been tailored to fit the habits of surfers and their desire for progression. Appealing to core surfers will secure predictable revenue streams and provide aspirational motivation to new populations.
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Aligning an active lifestyle with architecture-driven properties to win wallet share and generate returns.
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From Surf in-surf out bungalows designed to remind surfers of tropical locations from their travels.
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To a medley of thoughtful amenities to make for a frictionless extended stay.
resort hotel and residences

Live your investment

Investing in Koa Bay goes beyond the returns. As a Founding Member you get a number of perks, including:
  • Full Koa Bay membership (currently valued at $45,000):
  • Priority to purchase a residence at Koa Bay.
  • Waived Membership initiation fee.
  • Advanced booking of surf sessions, cabanas, and overnight accommodation at the Koa Bay resort hotel & bungalows.
  • Retail, F&B and Hotel discounts.
  • Exclusive invite and free admission to private events, including pre-opening surf commissioning and grand opening. 
  • Priority access to all activities and amenities at Koa Bay and future Waterbourne properties.
  • And much more.

Investor FAQ

What exactly am I investing in?

You are investing in Surf Koa Bay, LLC (SKB), the entity formed by the founders of Koa Bay to build, own, and operate the surf resort. SKB generates revenue from multiple sources, including:

  • Surf sessions
  • Food and beverage sales
  • Membership dues
  • Retail sales
  • Lake and other recreational activities
  • A share of the hotel’s profits

When you invest, you own Units of SKB and share in the profits from these revenue streams.

What is a Founding Member?

Founding Member is one of the first 100 investors in the surf resort at Koa Bay. As both an investor and a member of the Surf Club, you receive a unique combination of financial benefits (through your ownership in Surf Koa Bay, LLC) and exclusive membership perks (including priority access to surf sessions, special events, and more).

Do I need to be an accredited investor?

Yes. All Founding Members must meet the requirements of an accredited investor as defined by the Securities and Exchange Commission (SEC).

What is the minimum investment?

The minimum investment is $200,000.

As a Founding Member, are there any additional costs?

Non-resident Founding Members: Pay discounted rates from 20-50% on surf sessions, food and beverage purchases, retail items, guest fees, and other services and optional amenities.

Resident Founding Members: If you own a residence at Koa Bay, you will pay annual Surf Club dues, which cover all surf sessions and grant you full membership privileges (see details below).

If I own a home at Koa Bay, what additional costs are there, if any?

Annual Surf Club Dues: Resident Founding Members pay annual dues based on the number of family members on the membership.

  • First member: $7,000
  • Second member: $3,500
  • Each additional member: $1,750

For example, a family of three would pay $12,500 per year. These dues include unlimited surf sessions and use of all other resort amenities.

*Initiation Fee Waived: As a Founding Member, you do not pay the one-time Surf Club initiation fee.

Does the Founding Membership include my spouse?

As a Non-resident Founding Member your spouse and children under the age of 25 are included in your Founding Membership. However, all family members are subject to the same terms as the sponsoring Member.

As a Resident member you and your family are subject to paying annual dues (see details below).

Are there any homeowner association (HOA) fees at Koa Bay?

Yes. If you own a home at Koa Bay, in addition to your Surf Club dues, there will be HOA fees to cover community-wide maintenance, security, and landscaping. Specific details and fee structures will be available in your homeowners’ documents when available.

Do I have to own a home at Koa Bay to be a Founding Member?

No. You can become a Founding Member without purchasing real estate at Koa Bay. However, if you do decide to live in the community, Founding Members get priority when selecting homes and home sites.

Can I use my home at Koa Bay for rental income?

Yes. However, there is a 30-day minimum on rentals. This policy helps maintain a healthy, close-knit community and ensures that all residents can fully enjoy the Koa Bay lifestyle without frequent turnover from short-term rentals.

Does Koa Bay have an Investor Relations (IR) function?

Yes. As a Founding Member, you will receive regular updates, news, and investor reports. Our investor relations professionals are also available to answer any questions you may have about your investment.

What wave technology does Koa Bay use?

We will be utilizing state-of-the-art wave-generating technology from Wavegarden designed to produce consistent, high-quality waves suitable for every skill level—from beginners to seasoned surfers. The property also includes a UNIT Surf Pool floating in the community’s lake which creates world-class standing waves.

When is Koa Bay scheduled to open?

Construction timelines can vary based on permitting and other factors. Some residential phases and the lake amenity, including the UNIT Surf Pool is anticipated to be available by the 4th quarter of 2025. We anticipate the Wavegarden surfing lagoon will open in mid to late 2027. Additional amenities and residential phases becoming available thereafter.

Is Koa Bay open to the public or private for members only?

Koa Bay is primarily a private community with membership-based access to the surf resort. However, in the early years of operations the resort will be open to the public until all the residence and surf club memberships are sold. After that certain amenities may be accessible to the public including select dining options, retail, spa and wellness offerings. Founding Members, residents and their guests receive priority access and exclusive privileges.

Who can I contact for more information or to schedule a visit?

You can reach our team by:
- Chad LaBonte - chad@devcon-enterprises.com
We would be happy to discuss membership, investment details, or schedule a site tour.

What if I need to transfer or sell my Membership?

Membership transfers and sales are allowed however, they are subject to certain terms and conditions outlined in the Membership Agreement. If you plan to sell or otherwise transfer your interest, please contact us so we can guide you through the appropriate process.

Why does Koa Bay utilize Wavegarden and UNIT Surf Pool technologies?

Each technology provides a distinct surf experience—giving surfers options with respect to how that want to progress their craft. It allows for less crowding, more surfing, and therefore greater revenue generation.

Can you tell me more about UNIT Surf?

There are 4 UNIT Surf Pools in operation worldwide, with 5 more in development. Standing waves are growing in popularity among surfers because of their consistency and ease of access. UNIT Surf Pool creates a focused environment for technical surf training and progression, making it an advantageous tool in Surf Park developments and complementary to larger traveling wave technologies. Learn more about UNIT at surf-pool.com.

Where can I learn more about Wavegarden?

Learn more at wavegarden.com.

Can I use the surf package I purchase for the UNIT Surf Pool and the Wavegarden Cove?

Yes. The Bronze, Silver, Gold, and Centennial surf packages can be used for surf sessions on the UNIT Surf Pool or the Wavegarden Cove.

What are the home types and prices of the homes at Koa Bay?

There are a variety of proposed home types at Koa Bay. Including, 2 – 3 bedroom townhomes, 3 – 5 bedroom villas and estate homes, 2 – 3 bedroom condominium units in the lake front midrise buildings, and the surfside bungalows and resort residence. We do not have set prices yet for the homes but we anticipate starting prices will range from the low 400’s to the mid 900’s. Final floor plans and elevations will be published soon as well.   

If you have any further questions, feel free to reach out to our team. We look forward to welcoming you to Koa Bay!

Disclaimer

This overview is furnished on a confidential basis to a limited number of sophisticated investors to provide certain information about investing in membership interests (the “Interests”) in Surf Koa Bay, LLC, the company described herein (the “Company”). These materials are provided for informational purposes upon specific request of or in one-on-one meetings with sophisticated investors who meet certain financial requirements. They are not an offer to sell or a solicitation to buy Company interests, even if such interests may be currently offered to others. Any such offering will be made only in accordance with the Company’s Confidential Investment Materials (the “Investment Materials”). The Company may not be eligible for sale in some states or countries, nor suitable for all types of investors.

Prior to investing, investors are strongly urged to review carefully the offering documents, including the risks described therein associated with investing in the Company, to ask additional questions and discuss any prospective investment with their own advisers. Additional information will be provided upon request.

This information is strictly confidential and may not be reproduced or redistributed in whole or in part.

The statements of investment objectives are statements of objectives only. They are not projections of expected performance nor guarantees of anticipated investment results. Actual performance and results may vary substantially from the stated objectives.

An investment in the Company involves a high degree of risk and is suitable only for sophisticated and accredited investors. Investors should be prepared to suffer losses of their entire investments. The Investment Materials contain brief descriptions of certain of the risks associated with investing in the Company.

Certain information contained in this document constitutes “forward- looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Company described herein may differ materially from those reflected or contemplated in such forward-looking statements.

None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any state securities laws, or any other U.S. or non-U.S. governmental or self-regulatory authority. No governmental authority has passed on the merits of this offering or the adequacy of the information contained herein. Any representation to the contrary is unlawful.

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