This property consists of:

1. Proposed 200 Units: 5 acre parcel (2.5 uplands and 2.5 submerged) 5000 linear
   feet marina-Final Development Order (DO) approval expected on 6/20/06
   
2. 32 Single Family Home Sites: Averaging 45x100 each including a boat slip. The
   home sites are divided into two parcels consisting of 17 and 15. DO in place.
   
3. 18 Unit Site: 300x100. DO in place.

The site plan is approved for a total of 32 single family lots all with private boat slips in front of each home.
On the North side of the street following 17 home sites you will find a site for a 18 units condo building with 15 more home sites on the south side with spectacular water views (total of 32 homes). Which have all been approved.

On the south portion of the property the site plan calls for an additional 200 condo units and 5000 liner feet of dockage.
Just to give you an idea, the 5000 liner feet of dockage at a bottom price is $20 Million ($4000.00 a liner foot). The single family homes should sell in the $1.5M range each with a dock. The condo re-sells in the same development are in the $350-$400 a foot.

Location Description:

Marina site strategically located on Beach Blvd. just south of International Drive.

5000 liner feet of dockage.

Just to give you an idea, the 5000 liner feet of dockage at a bottom price is $20 Million ($4000.00 a liner foot). The single family homes should sell in the $1.5M range each with a dock. The condo re-sells in the same development are in the $350-$400 a foot(Older "B" product).

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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