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.

Priority

Reservations will be accepted in an order of priority, on a first come, first served basis, as follows:

  1. First to reserve, commitment to build, and non-refundable deposit
  2. First to reserve, commitment to build
  3. First to reserve, non-refundable deposit
  4. First to reserve

Weekly Processing of Requests

Reservation Requests for the First Offer will be accumulated on a weekly basis, after which, a completed Reservation Agreement (RA) will be sent to the requester for each accepted request.

To Make a Reservation

Step 1 – Reservation Request

The first step in the reservation process will be for interested parties to submit a Reservation Request, beginning on Tuesday, April 11 at 12:00 Noon (EDT).

Step 2 – Reservation Accepted, Pending Execution & Payment

Reservation Requests received through 12:00 Midnight (EDT) on April 18 will be accepted in order of the priorities described above, pending receipt of signed Reservation Agreements and payments. A Reservation Agreement (RA) will be prepared with the information provided within accepted Reservation Requests, and will be sent by email to the requester for signing, including instructions for making payment of the Reservation Deposit.

Step 3 – Sign & Return Reservation Agreement With Photo ID, Make Payment

Within 72 hours of receipt, the Reservation Agreement must be signed and returned with a photocopy of the requester’s State Drivers License or State Identification Card, along with payment of the Reservation Deposit. Options will include payment by check, wire transfer or checking account (ACH) through the Cielo Mar website. Necessary details will be provided with the Reservation Agreement.

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
With 20% Cash Discount

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

$120,000
$96,000

Second Reservation Offer

Financed
With 20% Cash Discount

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

$132,000
$105,600

Third Reservation Offer

Financed
With 20% 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.
*** 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

$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

3rd 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 **

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

$5,000

Purchase Price

56%

$132,000

Financing
72mos, 0% Interest

$39,000

$1,214

Cash Payment

20%

$100,600

3rd 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