You can Co-Own a GREAT Heron Walk Condo!

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1 Sandestin Resort Community You can Co-Own a GREAT Heron Walk Condo! Furnished * Water Front Property * Newly Remodeled Buy-in: $55,000 + $3,750 furniture & appliances (¼ Interest), $110,000 + $7,500 furniture & appliances (½ Interest) Monthly costs: $495 (¼ Interest), $825/mo. (½ Interest) View Front Porch 89xx Heron Walk Dr. # 89xx, Destin, FL 32550, two bedrooms, one loft two baths 1,339 sq.ft. Living / Dining Room Gorgeous second floor Heron Walk with fireplace, vaulted ceilings and fabulous Bay and Bayou views, the best possible in our neighborhood. Since this is an end unit location, it has windows in both bathrooms. Beautifully furnished and pride of ownership is evident in the decorating and condition. Offered fully furnished and has never been in a rental pool. Heron Walk is ideally positioned in

2 Sandestin. You are no more than a eight minute golf cart or tram ride from the Tennis Center, 98-slip Marina, 73 holes of worldclass golf, shopping at Grand Blvd, the Village of Baytowne Wharf, Sacred Heart Hospital and, of course, the sugar white beaches of the Gulf. I come down from the north about one week to ten days out of the month, ten months of the year and will never live in Florida full time. I want to reduce my costs by coowning it with another family that will respect the property as much as we do, keeping it clean and in top shape. Home Office Area Most importantly, this condo is a great value, see below the Zillow valuations. Facts: Fully Furnished Condo Built in 1984 Heating/Air Conditioning Laundry within Unit Price/sq. ft.: $185 Gated Community Resort Features: Fireplace / wet bar Patio Skylights Vaulted Ceiling Newly remodeled Loft: Children s Playroom Bay view Master Bedroom w / Bay view

3 Master Bath Guest Bath Porch I have been here since 2005 and find it very comfortable and very easy to relax. I am an author and do much of my writing in Florida. Typically, I will be with one other person to help with my work, or I bring my wife and two daughters. In the morning, I like to sit out on the porch, look at the water and wildlife and drink my coffee. The guest bedroom has two twin beds, which can also be made up as a king-sized bed. Each bedroom has a desk. The condo also has three TVs and two I-Pod sound systems. Guest Bedroom Recently we added a loft, so each of our girls had an area to themselves. Between the loft and the guest bedroom, we can accommodate a friend each for a sleepover. Loft Play area

4 The kitchen has everything you need, including a washer and dryer. Your dining options include eating at the kitchen bar, the dining room table or on the porch. Washer/Dryer Kitchen Kitchen Sink Area Kitchen Bar Area The kitchen has everything you need, including a washer and dryer. Your dining options include eating at the kitchen bar, the dining room table, in front of TV or on the porch. Kitchen Bar / Dining Room Living room Porch

5 Our Favorite Things to Do in Sandestin: Fish in our pond that has huge fish Swim at our private pool Rent a Cabana at the Hilton poolside Go to the Oceanside Beach Go Shopping at the Silver Sands, Grand Blvd or in Baytowne See live music in Baytowne for FREE Play of the zip line, climbing wall or jumping trampolines in Baytowne Go to a movie that is close enough to walk to it from the condo Play golf at three of their courses 24 hour gated security Boat to Crab Island or jet ski Go to one of the many restaurants Go dancing at Ocean s Club Go to the Massage Envy Spa Go to Panama City Swim with the Dolphins Go on a 3 mile run around Sandestin Visit 30a and go biking Or just relax in the condo Panama Dolphin Swim Sandestin Treehouse Condo s Private Pool Our Boat to Baytowne Swimming at the Hilton Our Condo s Stocked Fish in hole

6 Here is the condo from the outside: Our Condo From the front Now that you have seen the condo inside and out. You can see the quality, cleanliness and attention to detail. And now let s look at the numbers. This same condo was worth well over $400,000 before the real estate market slowed down, and I bought it at nearly half the price from its high. I added the loft, and I am adding two locking owner s closets so that each ½ owner can have a place for their personal effects. I paid $235,000 in for: the cost of the condo, plus that cost of the furniture, the addition of the loft, owner s closets new skylights and the future $5,000 cost remodeling the porch for all-season use Knowing that with two other homes, one in Minnesota and the other in Wisconsin, I know I will never be here more than ½ the time. So instead of wasting the other half I will never use or filling it with renters who could tear the place up, I am looking for no more than two partners. These partners will have deeded ownership and will be responsible for their portion of the up-keep, assessments, and repairs. My simple motto is simple. If you break it, you fix it. If you mess it up, you clean it. And if you drink it, you replace it with the same quality of wine or liquor.

7 Since this is to be shared, I would need to know how you care for your primary house, by sending pictures, and no owner will be allowed to encumber this property with loans. Like me, it has to be paid in full. Lastly, the owners agree not to have pets in the condo, as my wife is allergic to dogs and cats. I am not a realtor or do this as a business, and there is no markup, except for a small added charge for ¼ interest buy-in to manage two other co-owners. The partners will agree all improvements. Here are pictures of my primary residence and our cabin: Our Wisconsin Cabin Our Minneapolis Home We will decide the time at the condo in two-week intervals, each picking a particular time pro rata until the whole year is assigned or we can do every other two weeks. If a partner has a need and the partner controlling the time, isn t using it, he can switch it for another time slot. Personally, I usually spend very little time in the summer or December in Destin. Guests can stay in your timeslot, but the partner is responsible for any guests they let stay and will have to repair any damage they do. So that is the simple value proposition: Buy-in for a ½ Interest is $110,000 + $7,500 furniture & appliances with approximately $825 in monthly costs, excluding repairs and assessments (Subject to change as county taxes, assessments, dues and insurance costs change). Buy-in for a ¼ Interest is $55,000 + $3,750 furniture & appliances with approximately $495 in monthly expenses, excluding repairs and assessments (Subject to change as county taxes, assessments, dues and insurance costs change). If you are interested, contact my office and set up an interview. This opportunity is first come, first serve, and there is only one unit. Sincerely, Brett Machtig bmachtig@machtig.net

8 P.S.: I have attached comparable properties and the valuation provided by Zillow. Note these estimates do not take into consideration the loft. Also, many of the equivalent units are the ground level units that have an obstructed view of the water and very low ceilings that substantially impact the feeling you get in the different units. Lastly, many were in need of remodeling. With all that said, the unit compares very well to all comps and listed properties. Current Listings: Shown to establish its value. This condo is not listed, as I am not selling it. I am looking for a co-owner. Comparable Sales: I have looked at each similar condo, and you will find, this condo we have is a cut above.

9 In Heron Walk, there is an enormous difference between ground-level units, with low ceilings and they have obstructed water views. This unit has vaulted ceilings and spectacular unit views from both the living area and patio and the master bedroom. Also, by luck of its location, an island hides the activity of the marina and Baytowne giving you quiet and the privacy. Below are the comparable sales: Vaulted Ceiling Ground Floor Smaller unit Ground Floor Smaller unit Ground Floor Smaller unit Ground Floor Smaller unit Vaulted Ceiling Zillow printouts ran 1/24/2015, for update see