Las Olas Resort True Beachfront Development

Property Description

There is a large fresh water pool, poolside sun shelters, sundeck, showers and foot baths

ESTRELLA DEL MAR BEACHSIDE CONDOS- PHASE 2 PRECONSTRUCTION SALE (construction started 1Q 2009)

1600 SQ FT

OPEN FLOOR PLANS

3BR/2BA

AMPLE LINEN AND PANTRY STORAGE

GRANITE COUNTERTOPS

OWNERS' LOCKOUT STORAGE

COVERED TERRACE

CENTRAL A/C

COVERED PARKING AVAILABLE FOR PURCHASE

2500 non refundable to reserve with credit card or check

o 4 buildings with covered parking

o Garages can be purchased at 15,000

o These buildings will have their own swimming pool and social area

o Golf membership is included

o Stainless steel appliances are included – stove / refrigerator / dishwasher / garbage disposal / stacked washer – dryer

o Imported granite counter tops

o 12.5 foot ceilings

o All units have an outdoor terrace off the main living area and MBR

o Maintenance fees $180 include 24 hr security and maintenance of the common areas and common grounds

o All units $250,000 (16 units per building – 6 reserved with deposit in Building 1)

o Construction to begin 1Q 2009

HOUSE FLOOR PLANS

Hacienda La Barqueta Hacienda Del Rey

3516 sq ft 2208 sq ft

60 ft of beachfront 60 ft of beach front

2 story home-4BR/4.5BA single story 4BR/3BA

2 car garage 2 car garage

gourmet kitcheN gourmet kitchen

ALL UNDERGROUND UTILITIES, A/C, OPTIONAL PLUNGE POOL.

BEACHFRONT LOTS

o All lots are 1000 m2 and are true beachfront $179,500

o Maintenance fees are $50 / mo – covers security and maintenance of the common grounds

o Three model homes under construction and for sale with an 8% return per year from developer to use as a model

o See brochure / website for models – prices TBA

o $2500 non refundable to reserve with credit card or check

o Buyers must use their own construction company (Developer has recommendations) and must adhere to guidelines ( only 2 story homes )

o Beachfront lots can currently be financed by the developer

GOLF COURSE LOTS

o Golf membership will include social membership and tennis.

o Golf course is planned for construction beginning in 2009 and completion within 3 years – layout is completed

o Golf memberships will be $15,000 with a limit on outside recallable memberships. Total memberships will be limited to 600 / green fees will be approx. $200 / mo (15 reserved to date)

o Golf course lots are currently offered as a ‘RIGHT TO RESERVE’ for $5000 refundable – cost is 65,000 and all lots are 1000+ m2.

o Payment schedule for G.C. lots is the balance of 15% down payment due when construction permit is issued, and 15% when construction of the course begins.

o Monthly dues will begin when play begins

o There is no time limit to build

o Parameters: 1 and 2 level homes with approved floor plans; main level must have a min of 1200 m2.

o Lots can be financed with the developer: 10 year amortization with a 5 year balloon at 7.5% interest and 30% down payment