GULFSIDE LAND DEVELOPMENT, LLC

Gulfside Land Development, LLC

OFFERs A unique development opportunity

all serious offers will be considered.<= /span><= /span>

Subject Property:

7.3ac. +/- undeveloped waterfront tract

over 2000 linear ft. on sai= lboat water approx. 7 minutes to charlotte harbor gulf of mexico access with no bridges

zoned rsf3.5 - currently unplatted

prime location close to= punta gorda, fl

short legal:= &= nbsp; zzz 194123 p7

LOCATION, LOCATION, LOCATION!

The three most important words in real estate can definitely be applied here. T= his property has sailboat waterfront leading into Alligator Creek, providing fast, direct access to beautiful Charlotte Harbor and the Gulf of M= exico. Located in a quiet residential area, only minutes from Tamiami Trail (US41)= , it is convenient for all the amenities:

· = Shopping and nightlife in newly revitalized Punta Gorda.

· = Port Charlotte Town Center regional shopping mall.

· = Elementary, Middle and High Schools.

· = Local campu= s of Edison Community College.

· = Three local hospitals.

· = Waterfront = parks along the Peace River.=

· = World famous “Fishermans Village” comp= lex.

· = Nature & Eco-tours at Babcock Ranch Wilderness Adventures.

· = Beaches, Fi= shing, Boating, etc.

· = Quick acces= s to I-75.

Over the past ten years, the Punta Gorda area has consistently been voted one of= the “Best Places To Live” by Forbes and Money magazines, among othe= rs. Responsible, planned future growth in the entire county makes this a great opportunity to create the perfect Florida lifestyle, and take full advantage of all that C= harlotte Harbor & the Gulf Islands has to offer.

Our research indicates that this property may be the only “waterfront city block” currently listed for sale in the entire country= .

As this unique property is currently classified as a “Parcel” it h= as a low tax base, which would increase with a sale. Therefore, keeping it as a parcel until ready to develop would offer significant savings, compared to approx. $75,000.00 in taxes for 25 platted lots. The zoning is in place, and the property can be divided into individual lots, either now or in the futu= re.

Before filing a plat for the property there are several options to consider:<= /o:p>

&mi= ddot; = = Keep current zoning, and build 25 single family homes.

&mi= ddot; = = Rezone to Multi family and build “Carriage Homes”.

&mi= ddot; = = Rezone to Commercial, locate access on Rio Villa, and develop as a Marina.

*Note: Possible acquisition of three additional lots at end of street on opposite side,

= and maybe more, would allow for:

&mi= ddot; = = Rezone and develop as Marina option above.

Additionally, build Rest= aurant on tip lots overlooking Alligator Creek.

&mi= ddot; = = Rezone, and build Condominiums (30 units) right on the point.

Develop remaining 20 waterfront lots.=

“GATED COMMUNITY”

Easement has already been discussed to allow for the construction of “wing walls” at the Rio Villa/Vasco street entrance, which would give = the appearance of a “Gated Community”. Several names were suggested, with “Rio Cayman” being the most popular. Meaning Alligator River in Spanish, t= his would tie in with Alligator Creek, which is the main waterway to the harbor, and also keeps the theme of Punta Gorda. Of course, other options could be considered, depending on your goal.

PERMITTING:

The DEP (Department of Environmental Protection) permitting, already obtained, states that it is in favor of boat lifts. This offers protection for the future if environmentalists try to stop construct= ion. Additionally, seawall permitting is in process to construct a concrete seaw= all with “built in” docks. This will allow for larger boats, with deeper water at the dock. As this permitting is for the property classified= as a parcel, even with seawall in place, property can still be left unplatted until ready to develop. However, seawall and docks must be completed within five years of final permitting. All permitting is transferable. =

INFRASTRUCTURE:

Vasco= Street was resurfaced three years ago, and a new water= main and drainage were recently installed. The neighborhood currently does not h= ave sewers, but other property owners are in favor. Therefore, tying in with the neighborhood would allow for recuperation of some of the cost. Additionally, sewers should increase the value of each lot by 10-15%. It would also be cheaper than new, engineered septic systems for a standard 3/2 home. FPL (Florida Power & Light) estimates that four transformers would also nee= d to be installed.

NEIGHBORHOOD CONCERNS:

This property borders the Tarpon Canal. Across the canal is Windm= ill Village, a mobile h= ome community. Most of the homes there are new larger units, and all are well maintained and nicely landscaped. As their waterfront lots also have direct access to the harbor, it tends to be viewed as a more “upscale” development. Of course, due to the demand for waterfront property, this cou= ld be subject to zoning changes in the future. Pelican Pointe, another nearby subdivision, was recently rezoned from MHP (mobile home park) to RSF (residential single family).

NOTES:

· = Current DEP Permits for future seawall, docks, and boat lifts are already obtained and transferable.

· = Joint Owners Association for easement and canal maintenance and dredging is in place.

Current owners have projected cost estimates, bu= t it is recommended that buyer researches costs for the following projects:

· = Concrete se= awall and docks <= o:p>

· = Sewer installation and hook up =

· = FPL transfo= rmers (est. 4) = ;

· = Filing plat= and miscellaneous (Any zoning changes require county approval)

We appreciate your consideration of this proposa= l, and would be happy to discuss any questions, comments, or concerns that you may have.

Please contact us by any of the following:<= /o:p>

Phone: = 941-661-0371 = Scott Belden (Owner/Managing Member)

Fax: &n= bsp; 941-624-5173 = Phil Van Der Heyden (Marketing Director)

E-mail: = webmaster@manasotakeybe= achhouse.com (Scott)

Mail: &= nbsp; Scott Belden, 4535 Vasco Street<= /st1:Street>, Punta Gorda, FL 33950-7376=