DS9 Document EFTA00634083

From: To: [email protected] Subject: Parc Monceau Date: Mon, 02 Dec 2013 16:11:28 +0000 Attachments: 124PM InfoPckt.pdf Jeffrey Here is some information on 124 Parc Monceau on the lake in a cul de sac in the 1700 block of South Ocean Boulevard. Moens has had this listed for a while starting at $7.8M and most recently at $5.9M. I negotiated a short-term right to buy it at $4.975. (Moens forewent a commission to help make that happen.) The current owner took the property as part of a trade with cash for something bigger and never moved in. The land is 75' (lakefront) by 150' and the house has 6000 sf. Moens just sold a smaller house which just closed on a dry lot in the cul de sac for $4.6. The cul de sac has 7 houses - 3 on lakefront sites. I think (and Moens, McCann, Frisbie and Koch concur) that this is well under land value ($6M+). It can be still be seasonally rented for $150,000 and then fluffed for resale. Or Steve Alexander and I have a plan to run a sober house that we can use it for. As a lawyer I have represented three owners in buys or sells of this house over the years including Charles Bronfman's sister, Minda (her estate). I really like this deal because I think it will make close to $7M on a flip. Would you be willing to help? Paul EFTA00634083