<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Monday, December 9, 2013 8:13 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

The=e is a lot of activity and market is strong - not back to 2007 level but c=osing in. Usually 125 sales per year, already 230. Usually 250 houses for =ale, now around 120. There is a limited inventory at all levels and there =re buyers in market at all levels. With a few exceptions what is still uns=ld has been seen and passed on either for price or flaw. On low end, north=end dry lots are now bringing $150 per square foot - the peak was $1=5+). On higher end, a newish lakefront can bring $1500- $2000 =sf of finished space Chas Johnson paid $42M for 1220 SOB (Swanson's spec) which as 22,000 s=. Former Swanson spec (then Hammond) at 1275 SOB (just south of Petterfy) =17,000 sf on 200' -closed last week at $28.5M (really $31 with commissions=and "furniture") sold to Jeff Lurie (Phila Eagles) and Frisbie lakefront s=ec at 445 Antigua -16,000 sf- (see below ) is under contract @ $32+M (aske= $35.9). So 3 lakefront sales above $30 this year.

The spec redo of Vera's house (630 SOB) listed by Linda Gary asked $52= now asks $49. Way overpriced for "across the street" from ocean. (Compare=the Swanson spec at 101El Bravo started out at $44 ask in 2010, now askin= $37, rejected $30.

Rumors are that Dwight Schar (Casa Apava - ex Perlman) has a deal in w=rks to sell Casa Apava to an equity fund for north of $100.

Seems likely that something (ex Gosman, Jim Clark, Schar, Kramer) will=go for $100+ this season.

On direct ocean, only Halle (ex Schulhof) offered in the $40s&nb=p;and Castle (ex Kennedy) not yet priced (probably $50) - both Moe=s.

I am ok. How's by you?

## $35,900,000FEATURED

445 Antigu <http://www.corcoran.com/florida/Listin=s/Display/2799580> a - under contract

## -----Original Message-----

From: Jeffrey Epstein <jeevacation@gmail.com>

To: paul prosperi
Sent: Mon, Dec 9, 2013 9:38 am

what does the market look like, it appears weaker to=me than i thought. linda gary has vera s old house on el brill=. what was the dispoisiont of swanson house? how are you=

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