Islands of Islamorada - Offer Memorandum

Page 1


Islands of Islamorada

ISLAMORADA, FLORIDA

Luxury Ownership Opportunity

The Islands of Islamorada is a meticulously designed private and gated enclave offering 22 waterfront single-family villas available for purchase. Each residence features four bedrooms, four and one half bathrooms, fully equipped kitchens, and outdoor recreation spaces. With every comfort considered and furnished to perfection, these residences exude coastal living, inviting you to immerse yourself in the tranquility and beauty of the Islands of Islamorada. With an open, airy, and lightfilled design, this beach retreat perfectly captures the splendor of its stunning beach side location. Located in the Upper Florida Keys within the Village of Islamorada, the Islands of Islamorada is situated on 600 ft of private white sandy beach. Conveniently located at mile marker 82.7 and is approximately a 90-minute drive from Miami.

Villas 1-22

Villa

AMENITIES

STUNNING OCEAN VIEWS

CONTEMPORARY ISLAND

ARCHITECTURE

3 KING BEDROOMS WITH EN-SUITE BATHS

BUNK/TWIN ROOM WITH BATH POWDER ROOM

2,634 TOTAL INTERIOR SQ FEET

930 EXTERIOR SQ FEET

SPACIOUS WITH AMPLE CLOSETS

FULLY FURNISHED TWO OCEANFRONT COVERED TERRACES

GROUND FLOOR WATERFRONT LOGGIA

LAUNDRY ROOM WITH W/D

8 FT INTERIOR DOORS

2-CAR GARAGE WITH ELECTRIC CHARGING AND ADDED STORAGE WOOD GRAIN PORCELAIN TILE

THROUGHOUT

Resort

AMENTITIES

PRIVATE DOCKAGE

600 FT SWIMMING BEACH

DIRECT ATLANTIC OCEAN VIEWS

GATED AND SECURE COMMUNITY

LUSH MATURE LANDSCAPING

AQUATIC ACTIVITIES

FITNESS FACILITY

2 PICKLE BALL COURTS

OCEANFRONT BAR

2 SWIMMING POOLS

JACUZZI

CHILDREN’S PLAY AREA

8 SLIPS AVAILABLE

FIRST COME, FIRST SERVED BASIS

FITS VESSELS UP TO 30 FT.

WATER & ELECTRIC HOOK UP AVAILABLE

Villa Floor Plan

Fact Sheet

ADDRESS

82779 Old Highway, Islamorada, Florida 33036

Mile Marker 82, Oceanside

SALES & MARKETING TEAM

Ocean Sotheby's International Realty

Sarah Ewald | Sabrina Wampler

The Florida Keys Sold Sisters

305.393.0585, 305.393.2766

sabrina.sarah@oceansir.com

Jocelyn Tiedemann

305.552.3652

jtiedemann@oceansir.com

FishingForHomes.com

PROPERTY DESCRIPTION

Gated 7 acre parcel

Constructed in 2020 by Native Construction

22 Four bedroom villas

8 One bedroom luxury hotel suites

600+ ft. swimming beach

Protected dockage for vessels up to 32 ft (2 ft draft at channel)

Coveted location in the heart of the Village of Islamorada offering a rare beachfront experience

Fact Sheet

RESIDENCE FEATURES

4,067 total sq ft / 2,574 sq ft under air

563 foyer & garage sq ft / 930 exterior sq ft

Concrete block construction built to current hurricane code

Fully furnished

3 stories with covered ground floor waterfront loggia for outdoor entertaining

High end finishes, porcelain flooring throughout, 9 ft ceilings

150 MPH impact rated doors & windows

Smart home technology

4 bedrooms and 4 full bathrooms

Powder room

Primary suite with spacious bathroom, double vanities, walk-in closets, ocean views, and private

oceanfront balcony

2 large king sized guest suites with ensuite bathrooms

Bunkroom or twin room with bath

2 car garage with electrical vehicle charging capability

Covered terraces with large entertainment sized areas with ocean views

Contemporary kitchen with Bosch high end appliances

Open concept living and kitchen area

Elevator (10 villas)

Full sized laundry room

2 waterfront balconies per villa

AMENITIES

Full time on-site Manager

Full time Activities Director

Fitness facility and classes

Pickleball Court

Playground and children play area

Boat basin

Oceanfront bar & food service

Fire pit

Grill stations

2 swimming pools

Swimming beach

1 Jacuzzi

Oceanfront wedding & event spaces

Tiki Huts

Paddleboards, kayaks, sailboats

Unique fish friendly golf tee box

Purchase FAQs

GENERAL EXPENSES

Capital Contribution TBD at purchase. Funds will be allocated to the HOA fund reserve.

HOA DUES

TBD

PROPERTY TAXES

Assessed by Monroe County at less than 1% of purchase price.

UTILITIES

Estimated at $600 p/month.

MANDATORY HOMEOWNERS POLICY WITH RISK & LIABILITY

See RMA for minimum coverage requirements. Estimated $4,000 p/year. Owner may choose to self insure for wind and flood coverage. $2,500 reserve deposits for day to day expenses.

VILLA RENTAL PROGRAM OVERVIEW

No cap on owner stay.

Units are rented on a rotation or by request. If owner wants to use their villa and it is rented, management will make best effort to relocate the renter.

Owner split: 60% / Management split: 40%

Rental Projections

*We cannot provide an "Adjusted Paid Occupancy" forecast for 2026 because we can't predict Out of Order room nights.

Rental Program Brochure

Rental Program Brochure

LOCAL ROOTS.

EFFORTLESS OWNERSHIP.

Thank you for considering joining The Islands of Islamorada’s full-service luxury vacation rental program. This program provides effortless ownership and peace of mind to our homeowners. Our homeowners enjoy a turnkey, seamless ownership experience, along with the assurance that their real estate assets are protected. It is our hope that you join the The Islands of Islamorada family to experience for yourself all the possibilities in one of the world’s most sought-after destinations.

SALES AND MARKETING

Benefit from our extensive sales and marketing for your residence. By participating in our luxury vacation rental program, you are aligning your investment with a company committed to elevating the reputation of The Islands of Islamorada and increasing the value of your real estate. This dedication attracts top-tier guests to your residence.

REVENUE, RELIABILITY AND RESPONSIVENESS

Our services are built upon a steadfast commitment to these three pillars. We honor this commitment through access to top-tier resources managed by dedicated local professionals, creating an effortless, convenient and successful luxury vacation rental management experience with our premium collection of The Islands of Islamorada.

The Islands of Islamorada

Rental Program Brochure

THE ISLANDS OF ISLAMORADA DIFFERENCE

OWNERS ENJOY FULL-SERVICE PROPERTY MANAGEMENT

• Personalized service by the only dedicated on-site propety management team

• Property-based maintenance and emergency response teams to care for your residence

• Annual deep cleans with preventive maintenance inspections

• Preventive and regular maintenance of appliances, HVAC, lighting, electrical, plumbing, and coordination with local, third-party vendors

• Regular inspections and inventory of your residence

• Experienced and professional accounting, maintenance and housekeeping teams

• Accounting service with monthly statements, tax preparation and timely rental distributions

• Owners’ online portal featuring a live reservations calendar and owner document history

• Local vendor and contractor relationships and purchase discounts

• Fulfillment of special requests and unique owner needs

• Owner-experience team acting as your ownership concierge

• On-site reservations and concierge to create an effortless vacation experience.

• Housekeeping is provided by The Islands of Islamorada staff.

• Luxury linens and bath amenities

• Resort-style amenities and services within a residential setting

Rental Program Brochure

THREE PILLARS

REVENUE

Our devoted sales, marketing and revenue optimization teams provide you with the highest return throughout the year by conducting in-depth market analyses and utilizing dynamic, demand-based pricing to maximize the daily rate and optimize exposure for your vacation rental.

RELIABILITY

You can be certain that our dedicated on-site teams — from housekeeping and maintenance to concierge and owner services — will gain an intimate knowledge of your residence and your preferences so that they can take care of all the important behind-thescenes work and ensure that your home away from home and guests receive the highest quality of care.

RESPONSIVENESS

Our owner-friendly policies put you in control, and our experienced team offers highly personalized experience and sophisticated support. These experts are always on hand to address your questions and concerns. Homeowners and guests enjoy on-site management services that attend to their every need.

Rental Program Brochure

MARKETING MUSCLE

With our in-depth experience in marketing vacation rentals, The Islands of Islamorada’s marketing muscle is incomparable in its determination to tell its unique brand story. That is why we invest in proven leading-edge strategies that target luxury guests who desire a differentiated experience for their stay.

DISTRIBUTION

• Ensures travelers can easily find and book your residence on the property pages at www.coraltreeresidencecollection.com

• Utilizes advanced email analytics to track and guide dynamic campaign strategies

• Engages guest and keeps them coming back with active social media platform management

• Provides a reliable pipeline of guest traffic throughout the year and for all seasons

• Maintains in-house and corporate marketing teams as well as external digital and creative agency support

REVENUE MANAGEMENT

• Utilizes industry-leading tools for data-driven pricing to maximize daily rates

• Focuses on optimizing and increasing market share for homeowners

• Performs ongoing market analysis to make sure you are positioned ahead of the market to maximize revenue throughout the year

PARTNERSHIPS

• Harnessing the power of travel listings on Vrbo, Airbnb, Tripadvisor, Marriott Homes & Villas, and more, we maximize our presence and visibility

“Partnering with CoralTree Residence Collection has been a game-changer when it comes to passive income. Their innovative marketing strategies continually attract new guests, and their dedication to our partnership is evident in every interaction. I couldn’t be happier with the results they’ve delivered.”

- CORALTREE RESIDENCE COLLECTION CUSTOMER

OWNER KEVIN

B.
The Islands of Islamorada

Rental Program Brochure

VILLA HOMES

The Villas at The Islands anticipate a gross revenue projected to fall within the range of $330,000 to $355,000* annually. This estimate takes into consideration the current market conditions and value of the amenities that are included in the resort setting.

Site Plan Sample

Site Plan Sample

OVERALL SITE DESCRIPTIONS

PROPERTY □ NE

Tro.cts Thirty (30) o.nc:I Thirty-one (31) of THE RUSSELL ESTATE on Upper Mo.tecuribe Key, Florido. o.ccorc:ling to the Plo.t of THE RUSSELL EST ATE, recorc:lec:I in Plo.t Book 2, o.t Po.ges 14 o.nc:I 15 of the Public Records of Monroe County, Florlcio.J o.nc:I o. po.reel of subriergec:I lo.nc:I In the Stro.its of Florido. in Section 28-63-37 Upper Mo.tecuribe Key, Monroe County, Florido., riore po.rticulo.rly c:lescribec:I o.s follows:

Frori the intersection of the c:llvlc:llng line between Tro.cts 31 o.nc:I 32 of THE RUSSELL ESTATE with the Southeo.sterly right of wo.y line of □ lei Sto.te Roa.cl 4A, o.s shown on Plo.t of so.id RUSSELL EST ATE, run South 56 degrees, 36 riinutes, 30 seconds Ea.st, a.long so.id c:livic:ling line between Tro.cts 31 o.nc:1 32, o. c:listo.nce of 333.85 feet to the rieo.n high tide line on the shore of the Stro.its of Florido. o.t the riost Northerly corner of o. po.reel of subriergec:I lo.nc:I previously conveyed by Trustees Deed No. 21802, o.nc:1 the Point of Beginning of the po.reel hereino.fter c:lescribec:IJ thence South 44 degrees, 22 riinutes Ea.st o.nc:I a.long the Northeo.sterly side of so.id po.reel o. c:llsto.nce of 200 feetj thence North 50 degrees, 52 rilnutes Ea.st o. c:llsto.nce of 180.48 feetj thence North 44 degrees 22 riinutes \./est, o. c:listo.nce of 200 feet to the so.id rieo.n high tide line o.t the Northeo.sterly bounc:lo.ry of so.Id Tro.ct 30 of THE RUSSELL ESTATEi thence Southwesterly rieo.nc:lering so.Id rieo.n high tide line o. c:llsto.nce of 180.5 feet riore or less to the Point of Beginning.

PROPERTY T\v'D

Tro.ct 29, Less the Northeo.sterly 4 feet extending frori □ lei Sto.te Roa.cl c □ verseo.s Highwo.y) to the Atlo.ntic □ ceo.n, o.nc:I being sc:ljo.cent to the Southwesterly side of Tro.ct 28 o.ccorc:ling to the Plo.t thereof o.s recorc:lec:I in Plo.t Book 2, o.t Po.ge 14-15 of the Public Records of Monroe County, Florido.

A Po.reel of subriergec:I lo.nc:I fronting o. po.rt of Tro.ct 29 o.ccorc:ling to the Plo.t of THE RUSSELL ESTATE, o.s recorc:lec:I in Plo.t Book 2, o.t Po.ges 14 & 15 of the Public Records of Monroe County, Florido. being riore po.rtlculo.rly c:lescribec:I o.s follows:

Frori the Northwesterly corner of Tro.ct 29 of so.id Plo.t of THE RUSSELL ESTATEJ thence proceed South 44 degrees 16 Minutes Ea.st a.long the Northwesterly (should reo.c:I Southwesterly) side of so.Id Tro.ct 29, o. c:listo.nce of 342 feet, More or less to the Meo.n high tide line of the Stro.its of Florido. o.nc:I the Point of Beginning of the po.reel hereino.fter c:lescrlbec:I; thence continue South 44 degrees 16 Minutes Ea.st a.long the Southeo.sterly prolongo.tion of the Northwesterly (should reo.c:I Southwesterly) side of so.Id Tro.ct 29, 200 feetJ thence proceed North 70 degrees 34 riinutes 50 seconds Ea.st, 271.14 feet; thence proceed North 44 degrees 16 Minutes \./est po.ro.llel to the Northwesterly (should reo.c:I Southwesterly) side of so.Id Tro.ct 29, 199.20 feet to the Meo.n high tide line of the Stro.its of Florlc:lo.J thence Meo.nc:ler so.Id Meo.n high tide line Northwesterly 275 feet, More or less to the Point of Beginning.

PROPERTY THREE

A portion of o. Roo.c:lwo.y forty feet In width, being bounc:lec:I on the Southwesterly side by Tro.ct 30 o.nc:I on the Northeo.sterly side by Tro.ct 29, o.ll o.s shown on the Plo.t of THE RUSSELL ESTATE, recorc:lec:I In Plo.t Book 2, o.t Po.ge 15 of the Public Records of M □ nroe County, Florido., being riore po.rticulo.rly c:lescribec:I o.s follows:

Beginning o.t the Intersection of the Northeo.sterly line of so.id Tro.ct 30 with the Southeo.sterly line of the □ verseo.s Highwo.y, ( □ lei Sto.te Roa.cl 4A), o.s shown on so.id Plo.tJ thence run N.45 ° 39'30'[. a.long the Southeo.sterly line of the □ verseo.s Highwo.y, ( □ lei Sto.te Roa.cl 4A) for o. c:listo.nce of 40.00 feet to the Northwesterly corner of so.Id Tro.ct 29; thence run S.44°17'30'E, a.long the Southwesterly line of Tro.ct 29 for o. c:listo.nce of 342 feet, More or less to the shoreline of the Atlo.ntlc □ ceo.n o.s shown on so.Id Plo.t; thence Meo.nc:ler so.Id Plo.ttec:I shoreline in o. Southwesterly direction for o. c:listo.nce of 40 feet, riore or less to the Southeo.st corner of so.id Tro.ct 30; thence run N.44 ° 17'30'\./, a.long the Northeo.sterly line of Tro.ct 30 for o. c:listo.nce of 340 feet, More or less to the Point of Beginning,

Client: Frisbie Group

Section 28 Township 63 South, Range 37 East Uooer Motecumbe Kev Monroe Countv, Florida

SHEET 2 OF 3 NOT VALID \./ITHOUT ALL SHEETS

I Phone: (305)853-0066 / Fox: (305)853-0233

I 88888 Overseos Hiohwov / P.O. Box 619, Tovernier, Fl. 33070

Florido Certificate of Authorization No. LB 7882

Drafted: 5/28/2020

Drawing No. 1 6760-1

Fieldbook No. N.A.

Drawn By: DSM Scale: 1" = 40'

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