First Reservation Offer For Lots In Cielo Mar

We are already starting to see great interest in Cielo Mar and have received questions about the possibility of making early purchase commitments for lots in exchange for special pricing. We have therefore decided to offer pre-sales reservations to interested parties. Once the master plan has been finalized and published, these reservations will be transferred into purchase agreements. Early pre-sales reservations will have the advantage of deeply discounted pricing, as well as first choice among lots in the first execution phase of the development. The first execution phase will be published with the master plan, expected in fall 2017.

The first reservation offer will be for a total of 25 lots , five (5) Front Line Oceanfront Lots and twenty (20) General Lots. Only one (1) Front Line Oceanfront lot reservation will be accepted per applicant.

We have priced the lots between $100,000 and $300,000, once the development is well underway and a number of homes have been built and amenities are in place.

The lot sizes are estimated to vary between 1/3 and 1/2 of an acre, with the Oceanfront lots likely to be the largest.

This early pre-sales reservation offer, will represent deep discounts, available to first owners in Cielo Mar. Early buyers will in effect be investors in the project and therefore offered exceptional pricing and other special advantages as described below.

Benefits of First Offer for Pre-Sales Reservations

  • First offer -> first selection of lots (first come, first served)
  • Deep price discounts
  • Cash payment discount
  • Refundable – reservation deposit is 90% refundable, any time, any reason
  • No requirements to build
  • No restriction on resale of lots
  • First buyers will be given early construction incentives

We plan three Pre-Sales Reservation periods, with different pricing but the same payment terms, 30% down and the rest over 6 years at zero interest. Even deeper discounts will be offered to cash buyers.

Reservations, which will be non-transferable, will be handled exclusively through ProGreen Realty LLC with deposits ranging from $2,500 for General Lots to $5,000 for First Line Oceanfront lots, 90% refundable at any time for any reason, 10% representing administrative and marketing costs.

Reservations will be accepted on a first come, first served basis, and the Reservation Agreement will be made public prior to the first reservation period, expected to commence on or before April 21.

Prior to market launch, those with early reservations will select their lots, and convert their reservation agreements into definitive Purchase Agreements.

Cielo Mar Phase I SFR Lot Price Summary

General Lots

Front Line Oceanfront Lots

 Market Price*

$100,000 to $200,000

$300,000

Early Stage Development **

$60,000 to $120,000

$180,000

 

 

 

First Reservation Offer

72mos, 0% Interest
With Cash Discount

$40,000 to $80,000
$32,000 to $64,000

$120,000
$96,000

Second Reservation Offer

72mos, 0% Interest
With Cash Discount

$44,000 to $88,000
$35,200 to $70,400

$132,000
$105,600

Third Reservation Offer

72mos, 0% Interest
With Cash Discount

$48,000 to $96,000
$38,400 to $76,800

$144,000
$115,200

* Market Price: Once the development is well underway, when a number of homes have been built and some amenities are in place.
** Early Stage Development: Market launch once the Master Plan has been published.

The reservation conditions for the three, planned reservation offers, will be as follows:

General Lots

O


Offer Begins

Lots Offered

Reservation Deposit

Purchase Price

Reservation Discount

Discounted Price

Financing
72mos, 0% Interest

30% Down Payment

Monthly Payment *

Cash Payment

Cash Payment Discount

Cash Payment Amount **

First Offer


On or Before April 21

20

$2,500

Purchase Price

60%

$40,000 to $80,000

Financing
72mos, 0% Interest

$12,000 to $24,000

$354 to $743

Cash Payment

20%

$29,500 to $61,500

Second Offer


TBD

TBD

$2,500

Purchase Price

56%

$44,000 to $88,000

Financing
72mos, 0% Interest

$13,200 to $26,400

$393 to $821

Cash Payment

20%

$32,700 to $67,900

Third Offer


TBD

TBD

$2,500

Purchase Price

52%

$48,000 to $96,000

Financing
72mos, 0% Interest

$14,400 to $28,800

$432 to $899

Cash Payment

20%

$35,900 to $74,300

* Reservation deposit & down payment applied
** Reservation deposit applied

Front Line Oceanfront

O


Offer Begins

Lots Offered

Reservation Deposit

Purchase Price

Reservation Discount

Discounted Price

Financing
72mos, 0% Interest

30% Down Payment

Monthly Payment *

Cash Payment

Cash Payment Discount

Cash Payment Amount **

First Offer


On or Before April 21

5

$5,000

Purchase Price

60%

$120,000

Financing
72mos, 0% Interest

$36,000

$1,097

Cash Payment

20%

$91,000

Second Offer


TBD

TBD

$5,000

Purchase Price

56%

$132,000

Financing
72mos, 0% Interest

$39,000

$1,214

Cash Payment

20%

$100,600

Third Offer


TBD

TBD

$5,000

Purchase Price

52%

$144,000

Financing
72mos, 0% Interest

$43,000

$1,331

Cash Payment

20%

$110,200

* Reservation deposit & down payment applied
** Reservation deposit applied