EXECUTIVE SUMMARY Waterfront House 225 Holiday Drive, Hallandale Beach, FL 33009 ____________________________________________________________________________________ Auction Date / Time: Thursday, May 15, 2008 at 11:00 A.M. Auction Location: 225 Holiday Drive, Hallandale Beach, Florida 33009 Auction Pre-Registration: All interested bidders must pre-register with Auction Company at least three (3 ) days prior to auction date by completing a Bidder Registration Form and faxing or e-mailing the completed form together with a copy of the certified check for the deposit listed below. Auction Day Deposit(s): *$50,000.00 Cashier’s Check made payable to Robert Aschheim, P.A. Trust Account. *An additional deposit in the form of a Business or Personal Check bringing the total deposit to an amount equal to 10% of the total contract price made payable to Robert Aschheim, P.A. Trust Account. Property Inspection: On-Site Inspections to be held on May 1, 2008, and should be coordinated by contacting Lawyers Auction Group at 954.727.3927. Broker Participation: Forty percent (40%) of the total Buyer’s Premium collected. Call or visit our Web Site at www.lawyersauctiongroup.com for the Mandatory Broker Participation Registration Form. ======================================== Current Appraisals: $2,250,000.00 performed December 17, 2007 $2,300,000.00 performed December 21, 2007 * Copies of the appraisals are included in Bidder Package on our website. Description: Waterfront estate home located in prestigious gated community of Golden Isles in Hallandale Beach, Florida. Built in 1981 on 125 ft deep lot x 85 ft wide deep water canal less than a block from the Intracoastal waterway with no fixed bridges to the ocean from Port Everglades. House and back yard completely updated in last 3 years. Amenities: 6 bedrooms, 5 baths, 2 car garage, 2 story open floor plan contemporary single family home, double French doors entrance, oversized pool and brick paved deck. Recently recapped sea wall with 2 davits and Jet Ski lift. Modern Italian looking kitchen with pearl granite countertops, island with 2 cook tops 1 electric and 1 gas under a stainless steel dual fan hood with light, custom back splash, maple cabinets, double convection oven, 2 extra large refrigerators both with ice maker and water dispenser in door, deep freezer in garage, reverse osmosis water filter, instant hot water dispenser, insinkerator and dishwasher. Spacious breakfast area over looking water and pool and a large formal dining room. New 20” x 20” tile throughout first floor in a travertine style and new 20” x 20” white tile throughout second floor and master bath. Family room over looking the canal and pool, living room with 12’ ceiling, large custom oak wood bar with wine cooler, ice maker, beverage cooler, stainless steel sink, marble back splash, and glass and ornamental iron work. Custom designed ornamental iron stair case with oak wood threads leading to the second floor master suite retreat overlooking the wide water canal with sitting area, large exercise loft, over-sized master bath with 2 separate toilets and a bidet, jetted spa tub and separate shower, and 2 vanities. Oversized pool with new marble finish, color changing digital light, electric pool heater, “Auto Pilot” automatic chlorinator (never add chlorine). Professional landscaping. 3 central air conditioning units, 2 water heaters, central vacuum system, new intercom system with AM/FM radio, new 4 zone digital timer sprinkler system, 50 Amp shore power for a yacht on a separate panel directly to the dock, heavy gage hurricane shutters, special storm proof Plexiglas on all second floor windows. 15 KW whole house backup generator to supply most of the house’s electric requirements. Address: 225 Holiday Drive, Hallandale Beach, Florida 33009 Location Access: Waterfront, NO FIXED BRIDGES canal, less than 500 yards from Intracoastal waterway In between State Road A1A and US-1. Next to Aventura and Hollywood, Florida Less than 2 miles to I-95 and less than ¼ mile to the beach Directions to Property: From I-95 to Hallandale Beach Boulevard exit. Travel East to Layne Blvd. (cross US-1). Turn South on Layne Blvd. pass guardhouse to the last street which is Holiday Drive. Turn left to the property on South side of Holiday Drive. City Limits: Hallandale Beach, Florida County Limits: Broward County, Florida Property Size: Land 10,625+/- square feet Building size 5,039 square feet (according to county records) Waterfront Frontage: 85+/- feet on deepwater no fixed bridges canal, can accommodate up to 85 feet yacht. Legal Description: Lot 28A in Block 1 of GOLDEN ISLES ESTATES FIRST ADDITION, according to the Plat thereof, as recorded in Plat Book 103, Page 33, of the Public Records of Dade County, Florida, said lands lying and being in Broward County, Florida. Real Estate Taxes: Currently assessed by Broward County Property Appraiser. 2007 Taxes $9,601.74 Zoning: Single family. Utilities: Public Water Public Sewer Public Electric Environmental Reports: None The information has been obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantees, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. It is your responsibility to independently verify the accuracy and completeness of the information Personal Property: The personal property will be auctioned off immediately after the real estate. The personal property is being sold “AS-IS, WHERE-IS, with no guarantees or warranties or guarantees whatsoever. The personal property includes: Boat 1992 43’ Bayliner Motor Yacht model 4387 AFT Cabin. Twin Mercruiser/Hino 250 HP diesel engines. 12 KW diesel generator. 2 driving stations, one inside the salon and one on the fly-bridge. 2 bedrooms, 2 full bathrooms with vacuflush toilet system, one with enclosed shower. 27” TV in living room Stereo system in living room and bedrooms. Full kitchen with double sink, refrigerator, trash compactor, Microwave, 3 burner stove and oven, dinette sitting 4. 1200 lbs. electric davit with remote control to load and unload the jet ski on the yacht, special custom crate to take the jet ski on the yacht. Washer/dryer combo. 3 A/C units. Water heater 300 gallon diesel tank. 70 gallon water tank. 40 gallon gray tank. 2 VHF Depth finder. 6 bilge pumps. Power anchor winch Dual raw water pumps for A/C units. And much more. Jet Ski 2002 Yamaha 1200 GPR with trailer and slings.