The Property:
Legal: Parcel 8-16 Estate Emmaus - Coral Bay Quarter St. John, VI 00830

Owner: MRL Development I, LLC a Michigan Single Member Limited Liability Co.

Lot Size: .459 +/- acre (As-built Survey Available) Moderate Grade
Tax Property ID# 3-04203-0226-00
Association Fee: $200.00 Annual / Seagrape Estates Land Owners Association
Enclosed Sq. Ft. 4075 Approx. Deck Sq. Ft. 2620 Approx.
Year Built: 1990 Year Refurbished with Addition: 2006

Construction: Concrete and Masonry with Tile Roof / Excellent Condition
34,000 gallon cistern
5 Bedrooms with Baths
2 Half Baths
2 Kitchens
2 Complete Laundries

Access: Excellent - Paved concrete road across from fire station in Coral Bay

Parking: Excellent – Easily parks 6 vehicles on the property

View: Excellent – Hurricane Hole/Coral Bay

Landscaping: Extensive/Mature

A Beautiful European-Style Villa with Mahogany and Native Stonework. Gorgeous Views of Hurricane Hole, East End and Coral Bay Harbor. Large Sunken Great Room
with Wet Bar in South Villa and Cozy Living Room Overlooking the Pool in the North Villa. Large Covered Verandah Areas. 12’ X 14’ Heated Swimming Pool. Extensive Decking. Tropical Colors and Aromas Abound from the Extensively Landscaped Grounds. Fruit Varieties include Pineapple, Banana, Pomegranate, Lime, Guava Berry, Papaya and Avocado. Spacious Rooms and New Furnishings have attracted numerous short term rentals.

The Deal:
VillAllure’s current owner has completely refurbished, remodeled, refurnished and
re-equiped this property to like new standards while maintaining the original intimate
feel and private surroundings of this secluded location. While this endeavor has
proved to be either a labor of love and/or pure insanity, there is no intention to be a
full time resident of St. John now or in the future. VillAllure is in its first full
season on the short term rental market and is experiencing good results with a local
management company.

Due to the owner’s knowledge of the property and interest in maintaining an active
role in the maintenance and management of the property, a rare investment
opportunity exists for another party or parties to purchase an equity position in this
unique property by acquiring a fractional ownership interest in villAllure. Up to six
four week blocks are now available for purchase.

The asking price for the 4 week blocks will reflect the season beginning at
$135,000.00 during off-season up $365,000.00 during in-season holiday periods,
which is less than the value of the lot alone. Operating expenses are also adjusted
proportionately according to the season and period of ownership.

This is a “For Sale By Owner” opportunity with no outside fees, transfer taxes or
commissions being incurred.

If you have thoughts of owning an “island getaway” or buying a “piece of paradise”
before it gets out of your reach, but are concerned with the hassles of remote
ownership, this may be for you. This is a turnkey ownership opportunity!

Interested Parties May Contact Mike For Further Information At:1-877-697-7223.