CEO's Sportfishing Retreat in the Florida Keys

CEO’s Sportfishing Retreat in the Florida Keys

‘Plantation Island’ 208 West Seaview Circle Duck Key, FL 33050

This Property is located in the beautiful Florida Keys, in the area generally referred to as the ‘Middle Keys’; geographically, this area is approximately midway between Key Largo (to the northeast), and Key West (to the southwest).

This Property is located on West Seaview Circle, a very quiet cul-de-sac, which is part of the highly sought-after area of Duck Key known as ‘Plantation Island’ … Plantation Island is essentially the southernmost portion of the Key -- with direct access to the Atlantic Ocean, and absolutely spectacular views.

This property is comprised of a double ocean front lot, perfectly positioned where the inlet meets the ocean.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Within the Keys, Duck Key is geographically smaller, less well-known and much less crowded in-season than either Key Largo or Key West; perhaps as a result, Duck Key is extremely affluent, valuable, and highly-sought-after.

Residents here enjoy an upscale lifestyle which is at once friendly and relaxed … and, there’s always the perfect combination of spectacular scenery and world-class offshore fishing.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Duck Key is home to the Hawks Cay Resort, a legendary hotel and resort property which attracts some of the very best and wealthiest sportsmen and tournament anglers in the US … and well beyond.

For information on Hawks Cay Resort, go to: www.hawkscay.com

Hawks Cay Resort was sold in October 2013 to a private Florida-based investment group, for a rumored $140 million.

This substantial investment in the Hawks Cay property (and the fact that the resort will continue to be privately-held) will likely have direct and substantial benefits over the long term for every owner of property on Duck Key -- Hawks Cay draws an extremely affluent demographic group to Duck Key, and over the long term, these individuals (and their families and friends) are often the most likely to want to acquire property here.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Of greater importance -- and of greater benefit -- to those who own property here, is that Duck Key is known for the spectacular color and excellent quality of the water … Duck Key is one of the only islands in the Keys with an interior system of canals which are designed and engineered to be free-flowing.

The unique free-flow design of the canals here has several powerful -- and permanent -- benefits :

one, the quality, clarity, and color of the water here is consistently excellent … an unforgettable shade of emerald green ;

two, there are no dead-end canals here where seaweed, debris, and stagnant smells can develop as on other Keys ;

three, in hurricanes, free-flowing canals help to reduce storm surge flooding, because incoming storm water is diverted within the canal system and can “flow through” the Key.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com In addition to the venerable Hawks Cay Resort, or perhaps in part because of it, Duck Key is a sought-after vacation and weekend home destination for a number of high-profile company founders, CEOs, athletes, and celebrities.

Actor Don Johnson (‘Miami Vice’) is a former partner in Hawks Cay ; former Vice President Dick Cheney has frequently stayed at the Halliburton ‘Fishing Lodge’ compound on Duck Key ; celebrity pro tournament fisherman Scott Walker (‘Saltwater Experience’ and ‘Into The Blue’) has a home here ; as do Johnny Morris, the visionary founder of Bass Pro Shops ; prominent architect Frank Afshari, and others.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Another reason that high net worth individuals seek out Duck Key is that relatively strong controls have been established by residents (‘Duck Key Property Owners Association’) with regard to the in-season rental of private homes.

With the exception of the small villas located within the Hawks Cay Resort itself, all private homes on Duck Key are subject to a minimum rental term of at least 28 days.

This is an often overlooked, but an extremely important element of value for high net worth buyers, because the 28-day rule effectively serves to minimize in-season transiency, turnover, noise and traffic for those who choose to own homes on Duck Key.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com For those who love having a home near the ocean, Duck Key offers the quintessential and much sought-after ‘sport and seaside’ lifestyle.

People here are accomplished, low- key, friendly, and there is an active community of sportfishermen, divers, boaters, and outdoor enthusiasts.

Duck Key residents also have the opportunity, if they choose, to enjoy all of the five-star amenities which are offered by the Hawks Cay Resort.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com People here have a deep appreciation for the incredibly beautiful natural scenery and the history of the Keys … this appreciation has taken active form in the commitment on the part of many to conserve and protect the Keys’ natural and historic resources for future generations to enjoy.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Duck Key also has a strong appeal to high net worth individuals for its proximity to the infrastructure and cultural resources of Miami … from here, it is only about a 2-hour drive to downtown Miami -- about the same to the Miami International Airport (MIA).

Key West -- well known for its architecture and eclectic charm -- is about a 1-hour drive.

Within a 15-30 minute drive of Duck Key, there are numerous restaurants and sports pubs ; grocery stores; marinas ; dive shops ; a movie theatre ; museums ; several large parks ; several golf courses and country clubs ; and, the Marathon Airport -- which serves private jets.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com THE RESIDENCE

• 5,250± SF • 4,600± SF under air • Renovated 2006-2007 • 4 bedrooms, 6.5 baths • Includes adjacent lot • Deep water dockage • Immediate ocean access

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com GROUND FLOOR

LEGEND

1. Entry Foyer 2. Powder Room 3. Bedroom 4. Jack & Jill Bathroom 5. Bedroom 6. Recreation Room 7. Wine Closet 8. Storage / Workshop 9. Pool Bath No. 1 10. Pool Bath No. 2 11. Garage No. 1 12. Garage No. 2 13. Sea Wall and Dockage

Note: The Ground Floor in this Residence is legally ‘grandfathered’ living space.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com SECOND FLOOR

LEGEND

14. Kitchen 15. Dining Room 16. Living Room 17. Bedroom 18. Bathroom 19. Master Bedroom 20. Master Bath 21. Laundry 22. Terrace 23. Balcony

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com The sale of this Property includes an adjacent 10,000SF waterfront lot for additional privacy.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com ACQUISITION AND RENOVATION BY THE CURRENT OWNER

As previously noted, this Property is widely regarded as having the most valuable location on Duck Key, and perhaps one of the most valuable locations in the Florida Keys. It was acquired by the current Owner for this reason.

The current Owner is a highly regarded business leader and an avid offshore sport fisherman; he purchased the Property in April 2005 as an entirety, including the adjacent lot; the purchase price was roughly $3.3 million.

For the current Owner at that time, the buying decision was driven by the extremely valuable oceanfront location of the Property, the uniquely unobstructed views, and, deepwater dockage with immediate ocean access.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Shortly after purchasing the Property, beginning in the Fall of 2005, the current Owner undertook significant and substantial renovations to the Residence -- the scope of this work was quite extensive, and involved all areas of the Property, including the interior and the exterior of the Residence, the seawall and the grounds.

The total cost of renovations to the Property which have been completed by the current Owner since 2005 is well in excess of $800,000.

Exterior renovations completed by the current Owner include, but are not limited to,

• Replacement of all windows and doors using Pella® replacement units. • Installation of hurricane shutters on windows and sliders. • Construction of a ‘diamond-bright’ plaster heated inground pool. • Construction of pool terrace using precast concrete pavers. • Construction of lighted walkway along seawall using precast concrete pavers. • Construction of motor court using precast concrete pavers. • Construction of front walkway using precast concrete pavers. • Removal of the original exterior ‘catwalk’ along front of house. • Installation of precast concrete exterior arches and columns. • Installation of an electric boat lift.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com The interior of the Residence was completely gutted, and the original floorplan was re-configured. The Kitchen, Baths, and Bedrooms were gutted, redesigned, and rebuilt, and an uppermost-level Master Bedroom Suite was created.

The list of interior renovations is substantial, and includes, but is not limited to, the following :

• Redesign and installation of new Kitchen with extensive custom cabinetry. • Installation of granite countertops in Kitchen, including Breakfast Bar. • Installation of a new GE ‘Monogram’ Kitchen appliance package. • Renovation of all interior Baths and creation of uppermost-level Master Bath. • Renovation of exterior ‘cabana’ full baths on the pool terrace level. • Installation of new electrical wiring and panels. • Installation of new hardwood cypress floors. • Installation of new marble floors. • Renovation of lower-level recreation room, installation of marble floors & walls. • Installation of new light fixtures throughout. • Installation of new HVAC system and equipment.

Prospective Buyers should note that the finished Lower Level in this Residence is legally ‘grandfathered’ as living space.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Renovations to the Residence were done by builder Jon Grill, who enjoys a reputation as the builder of choice for many high-net worth property owners on Duck Key.

Jon has built many of the homes on Duck Key, has an enviable long-term track record, and is well-known for the consistently high quality of his work, his attention to detail, and, for the excellent long-term relationships he has developed with his clients.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com N O H I S T O R Y O F HURRICANE DAMAGE

The existing Residence was originally built in 1970, and was one of the very first homes built on Duck Key.

Since that time, the Residence has remained fully intact, and to the best of the current owner’s knowledge, this Residence has never suffered any sort of significant damage from a tropical storm or hurricane.

Essentially, there are two primary reasons for this, both of which are unique to this particular Property :

one, The shallow-pitch flat cement tile roof design ;

two, its superb position at the precise point where the ocean meets the inlet, and storm surge is diverted in three different directions via three canals.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com ORIGINAL ROOF DESIGN

The roof on this Residence is a flat-tabbed cement tile roof, with a relatively shallow pitch -- this type of roof was specifically designed to protect the roof itself, and the structure beneath it, from being damaged by hurricane-force winds.

Unlike the ubiquitous curved concrete tile, or curved terracotta tile, which is used on roofs throughout Duck Key -- and often used on roofs which have steeper, more traditional pitch -- the roof on this Residence was designed at a relatively shallow pitch using flat tabbed cement tiles … this has proven to be an extremely effective roof design in terms of the protection it has afforded from hurricane-force winds.

Because high winds are unable to get under flat roof tiles as easily as they can get under open-ended curved roof tiles, flat roof tiles on a roof with relatively shallow pitch, as is the case here, are much less likely to be blown off or otherwise damaged by high winds.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com

STORM SURGE DIVERTED IN 3 DIRECTIONS

In addition, the specific location of this Residence on Duck Key -- its unique and extremely valuable position precisely at the location where the ocean inlet meets the free- flowing canals -- offers an extraordinary, and surprisingly effective, measure of natural protection from storm-related flooding.

As noted previously, the unique free-flowing design of the canals on Duck Key has powerful and permanent benefits for the Owner of this particular Property : one, the quality, clarity, and color of the water here is consistently excellent ; two, there are no dead-end canals here where debris can get lodged and stagnant smells can develop ; three, with specific regard to hurricane-related storm surge, free-flowing canals help to reduce flooding, because the incoming surge is diverted within the canal system and the storm water can freely “flow through” the Key.

This particular Residence is in the best possible position on Duck Key for protection from storm surge.

In any tropical storm or hurricane, incoming water is immediately diverted into not one, but three separate canals -- and three separate directions. This is essentially three times the level of natural protection from storm surge flooding as exists for other properties on Duck Key.

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com

LOCATION 208 West Seaview Circle Plantation Island Duck Key (Mile Marker 61) Marathon, Monroe County, FL 33050

L O T A R E A Main Parcel 12,900± SF ‘Lot 29’ Adjac Parcel 9,600± SF ‘Lot 28’ Total 22,500± SF Entirety (0.22± Acres)

DEED REFERENCE Official Records Book 2623, Page 921

ALTERNATE KEY 1466620

TAX PARCEL ID 00382940-000000

LEGAL DESCR. BK 2 LTS 28-29 DUCK KEY PLANTATION ISLAND SEC 3 PART 2 TOMS HARBOR PB5-82 OR432-486 OR354-183 OR962-1136 OR964-1611 OR1051-1401 OR1340-291/94 OR1633- 563/68 OR1633-569 OR1633-570AFF OR2109-1198 OR2623-921/25

ZONING IS (Improved Subdivision District)

F L O O D Z O N E VE

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com MILLAGE RATE 10.908

MILLAGE CODE 500D - Tom’s Harbor Key

PROPERTY TAXES $ 14,446.25 2013 Ad Valorem $ 947.02 2013 Non-Ad Valorem $ 15,393.27 2013 Tax Year, Total

WATER FRONTAGE 300± LF, approx length of seawall

UTILITIES Underground Electric Underground Phone Underground Broadband Cable

SYSTEMS On-Site Septic System Public Sewer Hookup Available at Curb Public Water Electric Forced Air Heat and Central AC Electric Hot Water Heater

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Y E A R B U I L T 1970 MILLAGE RATE 10.908 YEAR RENOVATED 2006-2007 MILLAGE CODE 500D - Tom’s Harbor Key CONSTRUCTION Concrete Block Foundation PROPERTY TAXES $ 14,446.25 2013 Ad Valorem Stucco and Coral Stone Exterior $ 947.02 2013 Non-Ad Valorem Concrete Tile Roof (flat tiles) $ 15,393.27 2013 Tax Year, Total Pella Windows and Doors Aluminum Storm Shutters WATER FRONTAGE 300± LF, approx length of seawall Cypress and Marble Floors Marble Walls in some areas UTILITIES Underground Electric Exposed Reclaimed Ridge Beam in vaulted ceiling Underground Phone Concrete Paver Pool Deck (new in 2007) Underground Broadband Cable Concrete Paver Motor Court and Seawall Walkway Cast Concrete Exterior Accents (Main Entry Portico) SYSTEMS On-Site Septic System Concrete Outdoor Terraces and Porches Public Sewer Hookup Available at Curb Public Water Electric Forced Air Heat and Central AC SQUARE FOOTAGE 5,250± SF Electric Hot Water Heater 4,600± SF under air

F L O O R P L A N 4 Bedrooms 6.5 Baths

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com GROUNDS

Absolutely spectacular oceanfront views Private cul-de-sac setting Double lot, approx 22,500± SF in total Approx 10,000± SF open adjacent lot included Extremely valuable location on-island Spectacular unobstructed views Immediate Atlantic Ocean access Approx 300± LF seawall and water frontage Approx 100± LF dock incl electric boat lift Inground plaster ‘Diamond Bright’ Pool, heated Concrete paver pool deck and terrace Concrete paver walkway along seawall (lighted) Concrete paver motor court, oversize, ample parking Secure driveway entrance (formerly gated, easily re-gated) Lawns in bermuda grass, level to very gently sloping Grounds are partially fenced

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com MAJOR POINTS

Downtown Miami 95 miles, 2.5 hours Miami International Airport 90 miles, 2.25 hours Key West 60 miles, 1.25 hours

OTHER POINTS

Hawk’s Cay Resort <5 mins Duck Key Marina <5 mins Marathon 15-20 mins Marathon Airport 20-25 mins Islamorada 20-25 mins Key Largo 30-35 mins

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com Thank you for your interest in this Offering.

If you’d like to own and enjoy this extraordinary Property, please contact the Listing Agent:

Steve DiFrancesco CEO/Principal Broker

Haverford, PA 610-347-1000 Nantucket, MA 508-325-7000 Mobile phone 610-506-6577 Email [email protected]

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com BROKERAGE RELATIONSHIP DISCLOSURE

IMPORTANT NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL SELLERS AND BUYERS OF REAL ESTATE

You should not assume that any real estate broker or salesperson represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you make a decision on representation.

NO BROKERAGE RELATIONSHIP NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS.

Hunter, Reed and Company Inc and its associates represent the seller of this property as a single agent. As a real estate licensee who has no brokerage relationship with you as a prospective buyer for this property, Hunter Reed and Company and its associates owe to you the following duties :

1. Dealing honestly and fairly; 2. Accounting for all funds entrusted to the licensee; 3. Disclosing all known facts that materially affect the value of residential real property and are not readily observable.

Signature (Buyer) ______Date ______

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com © Copyright 2013-2014 Hunter, Reed and Company Inc, PO Box 219, Haverford PA 19041-0219. Hunter Reed and Company is a licensed Florida Real Estate Broker and represents the Seller of this property as a Single Agent. The material contained in this brochure is based upon information which is considered reliable, but Hunter Reed and Company Inc. does not represent, warrant, or guarantee that it is accurate, current and/or complete, and it should not be relied upon as such by prospective buyers. All of the information contained in this brochure is subject to errors, omissions, defects, inaccuracies, change of price, and/or prior sale or withdrawal from the market without notice. All figures in this brochure, including but not limited to, property taxes; assessment; millage rate; acreage; zoing; land use; square footage; age; dimensions; depths; condition; dates; easements; deed restrictions; distances and drive times are or should be considered as approximate. Prospective buyers are advised to independently verify the accuracy of any item or information which is deemed by the prospective buyer to be of material importance in making a decision to purchase this Property. All portions of this brochure, including but not limited to, text; photographs; images; drawings; renderings; descriptive language; headlines; maps and logos are the intellectual property of Hunter, Reed and Company Inc and may not be used, reproduced, distributed, shared or published in any form without permission. All Rights Reserved. Equal Housing Opportunity.

Hunter, Reed and Company is a licensed Real Estate Broker in multiple states including Florida. Offices in Philadelphia and Nantucket. Florida Real Estate Broker License No CQ1030835. For general inquiries please email : [email protected] or call 610-347-1000. US mailing address: PO Box 219 Haverford, PA 19041-0219

HUNTER, REED AND COMPANY REAL ESTATE SERVICES FOR PRIVATE CLIENTS www.HunterReed.com