EFTA Document EFTA01943135

To: 'eevacation mail.com[jeevacation©gmail.com] From: Sent Mon 12/9/2013 8:13:05 PM Subject: Re: There is a lot of activity and market is strong - not back to 2007 level but closing in. Usually 125 sales per year, already 230. Usually 250 houses for sale, now around 120. There is a limited inventory at all levels and there are buyers in market at all levels. With a few exceptions what is still unsold has been seen and passed on either for price or flaw. On low end, north end dry lots are now bringing $150 per square foot - the peak was $175+). On higher end, a newish lakefront can bring $1500- $2000 psf of finished space Chas Johnson paid $42M for 1220 SOB (Swanson's spec) which as 22,000 sf. Former Swanson spec (then Hammond) at 1275 SOB (just south of Petterfy) -17,000 sf on 200' -closed last week at $28.5M (really $31 with commissions and "furniture") sold to Jeff Lurie (Phila Eagles) and Frisbie lakefront spec at 445 Antigua -16,000 sf- (see below ) is under contract @ $32+M (asked $35.9). So 3 lakefront sales above $30 this year. The spec redo of Vera's house (630 SOB) listed by Linda Gary asked $52, now asks $49. Way overpriced for "across the street" from ocean. (Compare the Swanson spec at 101 El Bravo started out at $44 ask in 2010, now asking $37, rejected $30. Rumors are that Dwight Schar (Casa Apava - ex Perlman) has a deal in works to sell Casa Apava to an equity fund for north of $100. Seems likely that something (ex Gosman, Jim Clark, Schar, Kramer) will go for $100+ this season. On direct ocean, only Halle (ex Schulhof) offered in the $40s and Castle (ex Kennedy) not yet priced (probably $50) - both Moens. I am ok. How's by you? $3590:; FEATURED 445 Antigua - under contract —Original Message Fro To: Sen ail.com> what does the market look like, it appears weaker to me than i thought. linda gary has vera s old house on el brillo. what was the dispoisiont of swanson house? how are you? minintenhhininhhtirtinhhhhteenthhttrinht tfriatireintenhhiTheir The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacationecimailcom and destroy this communication and all copies thereof, EFTA_R1_00403500 EFTA01943135 including all attachments. copyright -all rights reserved EFTA_R1_00403501 EFTA01943136