Pre-Sales Reservations For Lots In Cielo Mar
We are now offering pre-sales reservations to interested parties for lots in Cielo Mar. Once the master plan has been finalized and published, these reservations will be transferred into purchase agreements. Early pre-sales reservations 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 is for a total of 30 lots: five (5) Front Line Oceanfront Lots, five (5) 2nd Line 'A' Lots, three (3) 3rd Line 'A' Lots, five (5) 4th Line 'A' Lots, five (5) General 'B' Lots, and five (7) General 'C' 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, for 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 in the range of 1/3 to 1/2 of an acre, with the Oceanfront lots likely to be the largest.
This early pre-sales reservation offer represents 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
- 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. A further 20% discount is offered to cash buyers.
Reservations are non-transferable and will be handled exclusively through ProGreen Realty LLC, with deposits of $5,000 for First Line Oceanfront lots and $2,500 for all other lots, 90% refundable at any time for any reason, 10% representing administrative and marketing costs.
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 ***
Financed |
$40,000 to $80,000 |
$120,000 |
* 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.
*** First Reservation offer is for 30 lots
First Reservation Offer - Detailed Price Chart
First Reservation Offer
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 **
1st Offer
April 11
25
$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
2nd Offer
TBD
TBD
3rd Offer
TBD
TBD
* 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 **
1st Offer
April 11
5
$5,000
Purchase Price
60%
$120,000
Financing
72mos, 0% Interest
$36,000
$1,097
Cash Payment
20%
$91,000
2nd Offer
TBD
TBD
3rd Offer
TBD
TBD
* Reservation deposit & down payment applied
** Reservation deposit applied