This property is an assemblage of 3 parcels. It is currently under ongoing development for continued entitlement and increasing value. Owner/Seller/Developer includes all current entitlements with sale to include all plans, HOA docs/budget, etc. Completion of current developer's/builder's entire buildout is late 2024 or early-mid 2025. Land and all entitlements (including current developer's plan) are included in this offering, however, it's understood that potential new owners have discretion to modify or create their own design and plan. Current turn-key site plan now has conditional site plan approval pending the imminent completion of a right-of-way bond. Building plans submitted and platting process/approval nearly completed. Proforma includes conservative projected annual income/expense forecast for a full year's occupancy (average of 35 weeks per year) broken down by a nightly rental range. Also, the Proforma attached includes capitalization rate based on average list price upon complete build out by current owner/developer and a cap rate % is also indicated based on project list price + developer's projected build out cost for comparable units to those currently approved. Focus on the nightly rates of $500 and above as these luxury units are expected to rent at that rate or higher. Sell through at retail is nearly 12 million with an estimated cost of 7-8M (Cost of entitled land + construction) yielding a strong margin for a developer/builder choosing to build project and sell all units at market value. For those investors requiring a greater investment opportunity consisting of more entitled properties and land, listing agent has access to additional income opportunities with no rental restrictions. Ideal for robust short-term rental income with very attractive cap rates.