Page 4 - Gordon Pointe Proposal

VALUE OVERVIEW

695’ beachfront at $300,632 per front / foot = $209,000,000

(4) yacht basin lots (1 with residence) = $48,000,000

(1) 240’ x 60’ deep water yacht basin = $10,000,000

TOTAL VALUE: $267,000,000

Suggested Offering Price: $250,000,000 to $300,000,000

NOTE: The range of offer price is based upon the sense of urgency. The latest recorded
beachfront land sale on Gordon Drive was located at 2490 Gordon Drive. The sale occurred on
April 4, 2023 and was valued at $47,500,000. It has approximately 158’ of beach frontage,
SOLD A TOTAL OF equating to $300,632 per front foot. This represents the highest price per front foot and
will be the comparable sale to substantiate our beachfront value.

$969 MILLION IN NAPLES

BEACHFRONT REAL ESTATE

EXECUTIVE SUMMARY | 5