2015 Q1 Eshenbaugh Report
Transcription
2015 Q1 Eshenbaugh Report
1st Quarter 2015 | Volume 21, Issue 83 Inside this issue Florida’s Housing Market 1 “Inside the Dog Pound” 2 Closings & New Listings 2 Featured Properties 3, 4, 5 A Trip to Tucson, AZ 6 Cowboy Wisdom 6 Economic Forecast 7 Overseas Connections 8 Mentoring, Pinnacle, Scout’s Wisdom, Deal of Year, Mayor Bob Buckhorn 9, 10 11, 12 Team Dirt Dog Bill Eshenbaugh, ALC,CCIM Licensed Real Estate Broker Florida and Utah President 813-287-8787 Ext.1 Cell 727-410-9595 Bill@TheDirtDog.com Ryan Sampson, ALC, CCIM Broker-Associate 813-287-8787 Ext. 4 Cell 813-417-5928 Ryan@TheDirtDog.com Nancy Surak, ALC, CCIM Broker-Associate 813-287-8787 Ext. 5 Cell 813-299-2587 Nancy@TheDirtDog.com Chris Bowers, CCIM Broker-Associate 813-287-8787 Ext. 8 Cell 813-468-9292 Chris@TheDirtDog.com Jack Koehler Broker-Associate 813-287-8787 Ext. 9 Cell 813-541-4156 Jack@TheDirtDog.com Lynda Keever, Exec Vice President 813-287-8787 Ext 6 Cell 813-240-0741 Keever@TheDirtDog.com Kristina Chutz 813-287-8787 Ext. 2 Krissy@TheDirtDog.com Nancy Jackson 813-287-8787 Ext. 7 NJackson@TheDirtDog.com Vicki Zeeb Vicki@TheDirtDog.com Florida’s Housing Market 2015 As we enter the second quarter of 2015, the housing market remains a bit baffling for many of us. The sales figures are just not as robust as most of us would have expected in today’s economy. Interest rates at fairly low levels, falling energy prices, unemployment under 6%, strong new vehicle sales and stable new home prices should be the drivers of stronger new home sales. Missing from the equation are builders building for the first time buyer. Many builders tell us that the first time buyer is still suffering credit issues and that the margins for first time homes is lower than segments of the market above that level. Others lament that the impact fees also discourage building to the first time market. Several developers have told us that the market has stabilized at about $1,100 a front foot for a typical new home site or about $55,000 for a 50’ lot. While some builders have resisted taking down more lots than their sales pace, they have been able to reduce takedowns as long as they stayed with their contract pricing. Activity is centered in the “box” from Big Bend Road to SR 674, US 41, and US 301 on the west and east as the general south Hillsborough County area of activity. Pasco County remains strong along SR 54 and SR 56. This summer will see new activity along the western end of SR 54 with Asturia’s 248 lots, Starkey Ranch’s first phase, and the final phases of Trinity compete in the submarket west of the Suncoast Parkway. On the east side of Pasco, Seven Oaks approaches build-out while Standard Pacific is enjoying great success as Estancia, part of the original Wiregrass Ranch property. Along SR 56, look for GL Homes to open soon in Wiregrass Ranch along with MI Homes and Lennar. Another strong community in this area is Meadowpoint with Standard Pacific and Lennar the primary builders. Union Park is hitting their stride as well. The market has been very quiet as to large land transactions. Many builders filled their land basket in 2013 and are working off that inventory. We have had two good-sized subdivisions for sale where the owners have decided to pull them off the market for the time being in order to “rest” the offering and wait for more favorable conditions. Residential Mixed-Use @ Cypress Creek Residential Development, 286± acres zoned for 2,395 residential units, plus 55.56± acres zoned multi-family at 10 UPA for a total of 341.56±.Tremendous I-75 frontage in southern Hillsborough County, Tampa, Florida MSA. Across interstate from newly opened Amazon 2 mil + sq ft fulfillment center. 10± commercial acres included. Price - $28,380,000 1 Inside the “Dog Pound” Recently, we have been very fortunate as a regional firm to be blessed with recognitions that go beyond any one individual. Based on overall sales, the Tampa Bay Business Journal ranked our firm 23th in the overall market as compared against the sales of all other firms including national brokerage firms with huge investment sales. In January, CREW (Commercial Real Estate Women) held their annual awards event and selected one of our more complex deals with the “Sales Transaction Excellence” award. National Association of Industrial and Office Properties (NAIOP) presented us with the Best Brokerage Firm in the Tampa Bay Market award, and in March, our peers at Florida Gulf Coast Association of Realtors (FGCAR) selected us as Brokerage Company of the Year. My thanks goes out to the BrokerAssociates Ryan Sampson, Nancy Surak, Chris Bowers, and Jack Koehler as well as Kristina Chutz, Nancy Jackson, Lynda Keever, and Vicki Zeeb who all do their part to keep our train on the track! 1st Quarter Closings 65± acres Residential Land in Ruskin, Hillsborough County Thank you from Bill, Ryan Sampson Nancy Surak, Chris Bowers and Jack Koehler Eshenbaugh Land Company New Listings 41± acres Recreational Land, Floral City, Citrus County 76.2± acres Industrial Land, Brooksville, Hernando County 7480 Sq.Ft. Church on 1.61± acres, Ruskin, Hillsborough County 5.92± acres Office Land, Lutz, Hillsborough County 30± acres Residential Land “Hernando Oaks”, Brooksville, Hernando County 6.38± acres Commercial Land, Hudson, Pasco County 4.09± acres Residential Land, Ruskin, Hillsborough County .99± acres Commercial Land in Largo, Pinellas County 145± acres Potential Commercial Land in Wildwood, Sumter County 5.2± acres Commercial Land in Oakstead, Pasco County 3.98± acres Commercial Land at “The Eagles” in Odessa, Hillsborough County 8.76± acres Residential Land for 106 Townhomes in Ruskin, Hillsborough County 9,600 S.F. Retail Commercial Building in Ruskin, Hillsborough County 22 ± acres Residential Land in Zephyrhills, Pasco County 160± acres Agricultural Land, San Antonio, Pasco County 14.45± acres Residential Land “Mills Bayou”, Ruskin, Hillsborough County 5± acres Commercial Land, Tampa, Hillsborough County 4.71± acres Commercial Land “Gateway Pasco”, Wesley Chapel, Pasco County 16.84± Commercial and Residential Land, Hudson, Pasco County 3.8± acres Residential Land, Wesley Chapel, Pasco County 4.29± acres ALF Land, New Port Richey, Pasco County 11.45± acres Multi-family Land, Brooksville. Hernando County 2 New Listings 41± acres 6619 E. Stage Coach 76.2± acres 4320 Kettering Trail , Floral City Rd. Brooksville 543.25± acres US Hwy 41 Spring Hill Zoned AGRMH Zoned MPUD Asking $249,00 Zoned PDP for Industrial Asking $3,319,272 14.11± acres 811 Lumsden Brandon Zoned PD/CN/BPO/RSC-6 Asking $3,399,000 Church on 1.61± acres 501 2nd St., Ruskin Zoned RDC-12 Asking $600,000 Asking $15,634,450 5.92± acres N. Dale Mabry Hwy., Lutz Zoned ASC-1 Asking $399,000 New Listings 6.38± acres 12853 SR 52, Hudson Zoned PD for Commercial Asking $200,000 27 ± acres 4299 NW 40th Ter. Lake Panasoffkee Zoned PD for Residential Asking $600,000 160± acres 13780 Scharber Rd., San Antonio Zoned AG Asking $2,800,000 For summary of all listings in PDF please email Bill@TheDirtDog.com 3 New Listings 14.45± acres 1702 Saffold Park Dr., Ruskin Zoned PD-H for 130 MF units Asking $650,000 5± acres 8525 N. Montague St. 36 Developed Town Home Lots Tampa Tarpon Springs Zoned PD-MU for Retail Zoned PD Asking $950,000 Asking $1,200,000 44 Town Home Lots Big Bend Gibsonton Zoned PD-MU Asking $1,056,000 4.71± acres 5639 Dayflower Blvd., Wesley Chapel Zoned C3 w/future MU Asking $1,950,000 16.84± acres 8308 New York Ave., Hudson Zoned C2 Eastern Parcel Zoned R2 Western Parcel Asking $399,000 New Listings 2.97± acres at Bayport Colony, 4.09± acres at Bayport Colony, Tampa Tampa Zoned PD-MU Zoned PUD Asking $690,000 Asking $2,200,000 9.01± ac. at Bayport Colony, Tampa Zoned PD Asking $2,800,000 U/C For summary of all listings in PDF please email Bill@TheDirtDog.com 4 Residential Properties 23± acres “Forest Brook” Apartment Site, within Hidden Creek, Hillsborough County 246± acres “Chaparral” , 94± acres “Leoma’s Landing” Malabar Rd. SW, City of Palm Chalet Suzanne Rd., City of Bay, Brevard County Lake Wales, Polk County Asking $3,000,000 Asking $5,900,000 153± acres plus Lots “Hidden River” on Chancey Rd., Zephyrhills Asking $5,300,000 357 SF Lots “Squires Grove” Eagle Lake Loop Rd. City of Eagle Lake, Polk Co. Asking $31,000 per lot Asking $2,900,000 840 Residential Units “Oak Stone”, Port Charlotte, Desoto County Call for pricing New Listings 4.29± acres 3287 Starkey Blvd., New Port Richey Zoned MPUD for ALF Asking $870,000 11.45± acres 19450 Southern Hills Blvd., Brooksville Zoned PDP - Multi-family Asking $656,000 3.8± acres 6131 Bridleford Dr., Wesley Chapel Zoned Agricultural Asking $147,000 For summary of all listings in PDF please email Bill@TheDirtDog.com 5 A Trip to Tucson, Arizona Bill Eshenbaugh attended the National Land Conference held by Realtors Land Institute in Tucson, AZ in March. This year’s attendance topped 300 real estate professionals from all over the country, there to learn what’s in store throughout the nation. The reports from around the country were the same; with interest rates holding, consumers are still reluctant to buy a new home and credit restraints are still preventing first time buyers from stepping up to purchase. As oil prices have fallen, so have corn prices since much of the corn is dedicated to ethanol production. Droughts in the southwest and California are forcing beef producers to sell off herds and farmers to reduce their production of vegetables. Water runoff and environmental regulations in California, combined with high land prices, have pushed a lot of the dairy operations out of that state and into Oregon and Washington. Realtors Land Institute leaders are very concerned that Congress will rush tax reform that will eliminate the tax deferral provisions (referred to as a 1031 exchange) and this will have a dramatic impact on the sale of family farms if all the gains are taxed upon the sale rather than deferring the gains into the purchase of a replacement farm or like-kind of real estate. “Cowboy Wisdom” Don’t be all hat and no cattle. Any cowboy can carry a tune. The trouble comes when he tries to unload it. When in doubt, let your horse do the thinkin’. Never slap a man who’s chewing tobacco. 6 Economic Forecast TBBA provided a market “Economic Forecast” featuring Dr. David Crowe, Chief Economist, NAHB, Tony Polito of MetroStudy, and Jim Tobin, of NAHB. The sold-out crowd gathered for lunch at the Rusty Pelican Restaurant. Dr. Crowe led off with a list of reasons for an improved housing market in 2015 after reviewing the very good first half of 2013 followed by a dip in sales through the second half that continued through 2014. The real GDP growth of the second half of 2014 was 3.9%, the highest since 4.1% in 2000 and 3.8% in 2004. Tampa Bay’s job growth still lags the national level. As jobs go, so go housing starts, so it’s no surprise that Tampa lags a bit in new home sales. Consumer confidence levels are rising as falling gas prices allow more people to pay off debt, student loans and increase both consumer spending and savings. Those actions help improve consumer credit scores, which leads to easier financing for those big ticket items. As prices on existing homes rise, homeowners’ equity increases. NAHB reported that mortgage rates remained low for the second half of 2014 at 4.1%. NAHB predicts multi-family (apartments) will continue with new development but sees the pace slackening a bit as the marketplace demand peaks. Current trends show apartment starts at 105% but the wild card here are the young renters called Millennials who are willing to rent smaller units at higher prices if the location is close to work, retail, restaurants and transportation. The sale of both existing and new homes is up with both hovering around 5,000,000 annually on a national level. Tampa Bay saw a recovery to about 41% of “normal” new starts in 2014 (normal being in the 2003 era) and NAHB predicts Tampa will see 49% of normal is 2015 and 69% of “normal” is 2016. Further information can be found at www.housingeconomics.com or email dcrowe@nahb.org. Tony Polito was up next from MetroStudy with a report on housing starts in the Tampa Bay area. An interesting barometer is the number of moves made in or out of Florida. United Van Lines reported that in 2014, Florida had 7,730 (41.1%) outbound moves and 11,081 (58.9%) inbound moves. That’s great news compared to few years ago when Florida experienced more people leaving here than moving here. Our future demand for 2014-2019 is approximately 11,900 units of annual household growth. While our unemployment rate has dipped slightly to under 6%, builders are still reporting a shortage for the adequate number of skilled construction work force they can employ. In review, the housing starts of 2014 were down 4.5% from 2013 and 4th quarter closings were down 23.5% from 4th quarter 2013. Inventory is starting to come in-line with new starts down 10.3% vs. closings down 6.8%. The strongest price point was $200,000-$250,000 followed by $250-300,000. Lot supply of vacant developed lots (VDL) increased from a 20.5 month to 29.1 months in Hillsborough (near equilibrium), while Pasco grew from 45.2 months to 54.8 months and Pinellas went from 40.9 months to 32.8 months of VDL. The Top 10 communities in 2014 were Magnolia Park at 213 starts, FishHawk Ranch 169, Valencia Lakes 168, Hawks Point 161, Lake Brandon 155, Waterset 149, Citrus Hills 128, Cypress Creek 127, Sun City Center 116, and K-Bar 116. The MetroStudy conclusions were that the employment situation is ok but not great and builders have a shortage in their supply of lots in highly desirable locations but an oversupply in other areas. The new housing market wound up flat in 2014, and rising costs have pushed prices up and margins down slightly therefore, expectations for 2015 have been scaled back. Mr. Jim Tobin, Senior Vice President and Chief Lobbyist of NAHB reported that the new Congress will shift the platform in Washington with a Republican majority in both Houses. He predicts they will often be at odds with the White House, as battles loom large over tax reform, immigration, housing finance changes, and over-regulation. He cited success in the farm bill, flood insurance bill and urges all members to get involved in PAC. 7 Overseas Connections by Ryan Sampson In March, I headed to London to meet with 2 different clients who own land here in Florida. I have talked to and emailed with both of them multiple times over the years, but never had the pleasure of a face-to-face meeting. It really is amazing how technology makes it possible to communicate from anywhere in the world and that we truly are living in a global economy. Having said that, it never hurts to make eye contact and better understand your client on a personal and cultural level. Email seems to take the human element out of the relationship and doesn’t allow for a personal connection that makes our business so much more fun. I took a side trip to Paris with my family and we enjoyed many of the cultural aspects and beauty that it has to offer, as well as some incredible food. I thoroughly enjoyed my time overseas and getting to know some of my clients over a pint of Guinness. I would recommend that you reach out to your clients even if they are overseas and make it a point to meet-up in person. This is a practice in my business travels that I have maintained over the years and it has left a lasting impression on me and them that I find far more valuable that the cost of the meeting. Calling all potential clients who live in Tahiti………..I’m ready for another road trip! Ryan Sampson, ALC, CCIM with son, Ronan in Paris Ryan and his wife, Shannon in London 8 The Importance of Being a Mentor by Jack Koehler It is very likely that many of you reading this article have children who have already, or are soon to be, joining you as a working, tax paying members of the professional world. For many, that day can’t come soon enough. Others may be wondering if that day will ever come. Regardless, it will be here sooner than you think! As someone who recently went through the transformation of college graduate to young real estate professional, I know the anxieties that come along with it. But with the help of my parents, I found that choosing a mentor was extremely helpful throughout this process. Finding a mentor or several mentors to guide him or her along the way can really make all the difference during this transitional period. Of course, you as parents are to forever serve as mentors to your children. However, allowing them to receive some guidance from a third party such as a family friend, relative, or business associate can give them a different perspective on how to go about things. I was fortunate enough to have a long time family friend Joel Davis, go out of his way to be a mentor to me during my first several months out of college. Joel helped me define my goals, both lifelong and short-term, and chart my path to accomplish them. He also provided me with some much-needed self-confidence as I began pursuing a career in commercial real estate. When I joined Eshenbaugh Land Company, I gained six new mentors and I am thankful for everyday that I have the opportunity to be in the company of the best and brightest in our industry. If you are considering buying or selling land, we would appreciate the opportunity to “mentor” you throughout the process. Reach out to me anytime at Jack@thedirtdog.com. Jack Koehler, Broker-Associate 9 Overall Deal of The Year by Nancy Surak Surak’s Sale of Duval Park Wins 2014 Overall Deal of the Year and Land Deal of the Year from Florida Gulf Coast Commercial Association of Realtors (FGCAR) – Nancy Surak, ALC Advanced, CCIM Duval Park was a residential project proposed as a mixed-income, gated community located in the center of Pinellas County consisting of 88 platted and finished single-family and townhome lots and community amenity areas. The property was fully entitled and the infrastructure already in place with four existing model homes, three of which had been rented. After months of courting the seller, I listed Duval Park for $2,200,000 in early 2011, near the bottom of the market. It successfully closed on October 2, 2014 for $2,800,000. This land deal took almost four years to get over the finish line, from seven offers, two different contracting buyers, five contract extensions, a change in personnel with my seller, as well as a significant change in the market dynamics. My role evolved through this assignment and I was required to stay on top of this deal in ways I had not faced before including sometimes almost serving as a private investigator. When the market heated up in late 2012 and my direct client contact left the selling entity, I thought they were going to terminate the listing. I can credit my commitment to careful and deliberate communication, relationship building and client education as the reasons why I was able to continue representing the seller. At the time of his offer, the buyer proposed a “Wounded Warrior” housing project that resonated not only with me but also with my seller. Just weeks after closing, the buyer celebrated a very fitting grand opening of this community on Veterans Day 2014. Duval Park will now support wounded veterans who have served and are transitioning out of VA medical care. It will provide those who have served our Country with permanent residences, aid in finding employment and continued access to community services. It will offer private apartments to serve a broad range of veterans of all incomes with 40% of the units reserved for individuals and families at or below 60% of the area’s median income. It will also have strong support for female veterans and single parent families. This deal will always be MY deal of the year because of the long hours and attention I gave it as a listing broker and also because in my ten years of experience as a land broker – it’s the one deal I am most proud of. Duval Park, Pinellas County Nancy Surak, ALC, CCIM 10 Pinnacle Awards by FGCAR Scout Wisdom The annual Pinnacle Awards held by Florida Gulf Coast Association of Realtors rolled around in March and we are proud to announce that Eshenbaugh Land Company was well recognized for our sales achievements. In the category of Regional Land Sales, Bill Eshenbaugh, ALC, CCIM was #1, Ryan Sampson, ALC, CCIM was #2 and Nancy Surak, ALC, CCIM was #3. know….. Let others When they’ve invaded your territory! Nancy held the honor of the “Land Deal of the Year” and over all categories, also won the “Deal of the Year”. Chris Bowers, CCIM was honored as a million dollar producer for his sales in 2014. In other news, Bill Eshenbaugh chaired the ULI Trends Conference in January and it was a huge hit. This annual event had record breaking attendance with over 300 people and the sponsorships were the best they have ever been. This year’s journey was a walking tour starting in downtown at the Tampa Theater and ending at the Straz Center for the Performing Arts. 11 “All battles are fought by scared men who’d rather be some place else.” - John Wayne Bill Eshenbaugh, ALC,CCIM CREW Award Sales Excellence 2014 #1 Top Producer Land 2014 Overall Deal of the Year 2013 Deal of the Year Land 2013 Deal of the Year Land 2012 Deal of the Year Land 2011 Deal of the Year Land 2010 #1 Top Producer Land 2013 #1 Top Producer Land 2012 #1 Top Producer Land 2010 “Land Realtor of America” 2003 Florida Realtor Commercial Achievement Award 2010 NAIOP HALL OF FAME 2011 FGCAR Broker of the Year 2012 2013 Robert C. Meeks Distinguished Service Award Henry Blanton Life Time Achievement Award Licensed Florida & Utah Real Estate Broker Founded in 1992, Eshenbaugh Land Company specializes in site selection for residential communities, apartment development, assemblage, retail corners, and “hot” trends. For land brokerage, consulting, and specific assignments, call Bill on his cell phone at 727410-9595. It’s Good to be the Mayor Mayor Bob Buckhorn just won re-election handily for his second term as Mayor of the City of Tampa. If anyone ever really thrived on the position of Mayor, it’s our long time friend Bob. We first met in the mid-1980s when he represented the Builders Association and I was elected to the Builder Board of Directors and chaired the 1987 Parade of Homes. Throughout the years, we have been a part of his campaigns for election to City Council and later as Mayor. In those early years, there was a book out called Megatrends by John Naisbett and he named Tampa America’s “Next Great City”. Our leaders loved the name and touted the Tampa region well into the 1990s. Mayor Buckhorn has championed shaping Tampa into a community with jobs and a lifestyle where his daughters can grow up, get educated, have easy, affordable transportation to work and build a life here rather than moving to Dallas, Denver, Charlotte, Atlanta or other major cities. With the recovery in the economy, a demonstration of bi-partisan leadership during the Republican National Convention, and the arrival of Jeff Vinik, owner of the Lightning, there is a great opportunity to fulfill making Tampa the “Next Great City”. Mr. Vinik initially acquired the Lightning NHL team and more recently acquired approximately 24 acres of land surrounding the Arena and has assembled a first class team for the entitlement and development of their vision for the future of Tampa. Even more exciting is the announcement that the Vinik team has joined forces with Bill Gates’ Cascade Investments to fund this potential $1 Billion plus project. A massive undertaking of this magnitude will take a lot of insight and cooperation between the City and the development team. We conclude that the timing and the expected results will bode well for Mayor Buckhorn and we will see America’s “Next Great City” become a reality during his second term. Information contained herein was gathered from sources deemed reliable. However, ELC and Seller make no warranties or representations as to the accuracy, and the same is submitted subject to errors, omissions, or other changes. Eshenbaugh Land Company is a licensed real estate brokerage firm in Florida and Utah and William A. Eshenbaugh is the broker of record. Eshenbaugh Land Company does not offer sub-agency to other brokers. Compensation is only offered after the completion and acceptance by Eshenbaugh of a fully executed confidentiality agreement, the acknowledgement of the registration of a prospect and the acceptance by Eshenbaugh of the acknowledgement, and a fully executed fee agreement with the broker desiring to receive and present a listing or property that Eshenbaugh represents. ©Copyright 2015 by Eshenbaugh Land Company. “The Dirt Dog” is a registered trademark. 12 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Community Seller Builder Date Lot/Block HERNANDO CO. Bristol in Villages of Avalon Bristol in Villages of Avalon Bristol in Villages of Avalon LandBuilder LandBuilder LandBuilder DR Horton Inland Homes Inland Homes Jan-15 Feb-15 Feb-15 Bristol in Villages of Avalon Bristol in Villages of Avalon Bristol in Villages of Avalon 50' $ 50' $ 50' $ 26,500 26,500 26,500 6 $ 1 $ 5 $ 159,000 26,500 132,500 JEN Florida VII, LLC JEN Florida VII, LLC JEN Florida VII, LLC JEN Florida VII, LLC JEN Florida XVII, LLC JEN Florida XVII, LLC JEN Florida XVII, LLC JEN Florida IX, LLC JEN Florida IX, LLC Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Homes by WestBay 1/5/15 18E, 19E 60 $ 63,401 2 $ 126,802 Homes by WestBay 2/25/15 29E 60 $ 63,524 1 $ 63,524 Homes by WestBay 3/11/15 2A, 16E 60 $ 63,314 2 $ 126,628 Homes by WestBay 3/11/15 2F 60 $ 54,147 1 $ 54,147 Homes by WestBay 3/20/15 50 $ 79,582 1 $ 79,582 Homes by WestBay 3/20/15 60 $ 91,582 2 $ 183,164 Homes by WestBay 3/20/15 70 $ 101,582 1 $ 101,582 Homes by WestBay 2/2/15 Lot 95, 96 60 $ 68,497 2 $ 136,994 Homes by WestBay 2/2/15 Lot 7 60 $ 52,497 1 $ 52,497 Cardel 3/27/14 7 / 11 60 $ 77,244 1 $ 77,244 Cardel 3/27/14 1 / 15 60 $ 77,875 1 $ 77,875 Cardel 3/27/14 5 / 15 60 $ 77,875 1 $ 77,875 Homes by West Bay 2/20/15 7 / 14 60 $ 79,188 1 $ 79,188 Homes by West Bay 3/6/15 5 / 30 70 $ 95,681 1 $ 95,681 Homes by West Bay 3/11/15 1 / 55 70 $ 94,500 1 $ 94,500 Homes by West Bay 3/11/15 7 / 55 70 $ 94,500 1 $ 94,500 Homes by West Bay 3/30/15 6 / 30 70 $ 95,681 1 $ 95,681 Homes by West Bay 3/30/15 8 / 31 60 $ 80,494 1 $ 80,494 Homes by West Bay 3/30/15 11 / 31 60 $ 80,494 1 $ 80,494 Homes by West Bay 3/30/15 5 / 34 60 $ 80,494 1 $ 80,494 Ryland 3/27/14 6 / 47 Townhome $ 37,800 1 $ 37,800 HILLSBOROUGH CO. Forest Glen Forest Glen Forest Glen Forest Glen La Collina La Collina La Collina SouthFork SouthFork FishHawk West @ FishHawk Ranch FishHawk West @ FishHawk Ranch FishHawk West @ FishHawk Ranch FishHawk West @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch © Copyright 2015 Eshenbaugh Land Company Lot Size 1 Price Per Lot # of Lots Total THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FishHawk West Ph 2 @ FishHawk Ranch FHW Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities FishHawk West Ph 2 @ Newland FishHawk Ranch Communities Preserve @ FishHawk Ranch Newland Communities Preserve Ph 2 @ FishHawk Newland Ranch Communities © Ryland 3/27/14 7 / 47 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 5 / 51 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 6 / 51 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 7 / 51 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 8 / 51 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 9 / 51 Townhome $ 37,800 1 $ 37,800 Ryland 3/27/14 10 / 51 Townhome $ 37,800 1 $ 37,800 Weekley 3/27/14 7 / 30 70 $ 95,681 1 $ 95,681 Weekley 3/27/14 11 / 30 70 $ 95,681 1 $ 95,681 Weekley 3/27/14 23 / 30 70 $ 95,681 1 $ 95,681 Weekley 3/27/14 8 / 41 50 $ 67,078 1 $ 67,078 Weekley 3/27/14 9 / 41 50 $ 67,078 1 $ 67,078 Weekley 3/27/14 4 / 43 50 $ 67,078 1 $ 67,078 Cardel 3/27/14 6 / 15 60 $ 77,244 1 $ 77,244 Weekley 3/27/14 9 / 43 50 $ 67,078 1 $ 67,078 Weekley 3/27/14 8 / 55 70 $ 95,681 1 $ 95,681 Weekley 1/16/15 5 / 45 40 $ 53,663 1 $ 53,663 Weekley 1/16/15 6 / 45 40 $ 53,663 1 $ 53,663 Weekley 1/16/15 7 / 45 40 $ 53,663 1 $ 53,663 Weekley 1/28/15 5 / 33 40 $ 53,663 1 $ 53,663 Weekley 1/28/15 6 / 33 40 $ 53,663 1 $ 53,663 Weekley 1/28/15 9 / 33 40 $ 53,663 1 $ 53,663 Weekley 1/28/15 10 / 33 40 $ 53,663 1 $ 53,663 Sierra 3/27/14 1/3 90 $ 158,797 1 $ 158,797 Cardel 3/27/14 6 / 10 80 $ 125,000 1 $ 125,000 Copyright 2015 Eshenbaugh Land Company 2 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Preserve Ph 2 @ FishHawk Ranch MiraBay MiraBay MiraBay MiraBay MiraBay MiraBay MiraBay MiraBay Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset Waterset © Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Newland Communities Cardel 2/26/15 10 / 11 80 $ 117,500 1 $ 117,500 Neal Signature Homes 1/30/15 27 / 8 80 $ 228,354 1 $ 228,354 Neal Signature Homes 1/30/15 28 / 8 80 $ 228,354 1 $ 228,354 Neal Signature Homes 3/25/15 1/8 80 $ 214,860 1 $ 214,860 Neal Signature Homes 3/25/15 19 / 8 80 $ 228,354 1 $ 228,354 Neal Signature Homes 3/25/15 21 / 8 80 $ 228,354 1 $ 228,354 Neal Signature Homes 3/25/15 11 / 10 80 $ 186,835 1 $ 186,835 Ryland 3/26/15 39 / 91 60 $ 70,081 1 $ 70,081 Ryland 3/26/15 1 / 95 60 $ 70,081 1 $ 70,081 Cardel 3/17/15 11 / 36 70 $ 88,200 1 $ 88,200 Homes by West Bay 2/13/15 4 / 33 50 $ 52,547 1 $ 52,547 Homes by West Bay 3/16/15 1 / 34 50 $ 52,547 1 $ 52,547 Homes by West Bay 3/16/15 12 / 31 50 $ 52,547 1 $ 52,547 Neal Signature Homes 3/26/15 1/5 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 2/5 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 9/5 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 7/4 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 8/4 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 9/4 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 10 / 4 50 $ 60,900 1 $ 60,900 Neal Signature Homes 3/26/15 11 / 4 50 $ 60,900 1 $ 60,900 Ryland 2/18/15 8 / 32 40 $ 41,197 1 $ 41,197 Ryland 2/18/15 14 / 34 40 $ 41,197 1 $ 41,197 Ryland 2/18/15 15 / 34 40 $ 41,197 1 $ 41,197 Ryland 2/18/15 3 / 34 40 $ 41,197 1 $ 41,197 Copyright 2015 Eshenbaugh Land Company 3 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Waterset Ryland 3/19/15 22 / 64 50 $ 48,000 1 $ 48,000 Waterleaf Newland Communities Waterleaf LLC Homes by WestBay, LLC 2/18/15 70 $ 79,270 6 $ 475,620 Waterleaf Waterleaf, LLC Standard Pacific Homes 3/2/15 70' $ 80,517 6 $ 483,103 Waterleaf Waterleaf LLC Meritage Homes of Florida Inc. Lot 8/7, 11/7, 7/8, 28/7, 30/7, 14/8 Blk 7, Lots 19, 21, 24, 26 & 27; Blk 8, Lot 21 Lot 13 Block 5/Lot 1 Block 6 Waterleaf Phase 1B/Lot 23 Block 3/Lots 7/8/9/10/11/12/13 Block 5 Waterleaf Phase 1C ID 77686 0040 10 $ 688,571 Waterleaf KTS Holdings & Investments OK Rhodine Road LLC OK Rhodine Road LLC OK Rhodine Road LLC OK Rhodine Road LLC OK Rhodine Road LLC Devonshire Custom Homes LLC 301 Tampa LLC Lennar Homes, LLC 3/31/15 50' $ 51,099 10 $ 510,994 Ryan Homes Jan-Mar '15 50' $ 49,000 3 $ 147,000 Ryan Homes Jan-Mar '15 50' gated $ 55,000 3 $ 165,000 Ryan Homes Jan-Mar '15 60' $ 59,000 3 $ 177,000 Ryan Homes Jan-Mar '15 60' gated $ 66,000 3 $ 198,000 Ryan Homes Jan-Mar '15 70' gated $ 113,500 2 $ 227,000 Joanne Quade 2/2/15 Lots 19/20 Portion of Lots 1/2 Block 1 Anadell $140,000 per lot 4 $ 560,000 IH Central Florida LLC 2/2/15 Lots 16/17/18 Block 1/Lots 15/16 Block 2/Lots 7/12/13 Block 4 Bullfrog Creek Preserve 1102 N.E. 18th St. and an additional portion of northeast 11th Ave., Ruskin $66,000 per lot 8 $ 528,000 Lucaya Lake Club Lucaya Lake Club Lucaya Lake Club Lucaya Lake Club Lucaya Lake Club Anadell Bullfrog Creek Preserve $68,857 per lot Ruskin B & P Tree Farm Wyn Group LLC LLC 2/2/15 Ballantrae RHO Group, LLC Lennar Homes, LLC 2/28/15 $ Ballantrae RHO Group, LLC Lennar Homes, LLC 1/31/15 $ Brooker Reserve CND-Brooker Road LLC Weekley Homes LLC 2/2/15 Cypress Creek Cypress Creek 2, LLC Cypress Creek 2, LLC 8007 Providence Road LLC Lennar Homes, LLC 3/31/15 Lennar Homes, LLC 2/28/15 William Ryan Homes Florida Inc. 2/2/15 Florida Pride Homes Inc. Vanessa Velazquez-Rutz 2/2/15 Cypress Creek Providence Ranch Tampa, Davis Islands © Copyright 2015 Eshenbaugh Land Company Lots 8/1, 6/1,8/32/33/34/53/66/67/74 Brooker Reserve ID 0730100116/073010-0132.0730 Cypress Creek $49,300 per acre 43 acres $ 2,120,000 40,092 33 $ 1,323,024 43,084 2 $ 86,167 10 $ 914,142 $91,414 per lot 50' $ 40,343 6 $ 242,060 $ 33,027 5 $ 165,134 Lots 3/4/6/7/8/9/11/14/17/18/21 Providence Ranch $75,000 per lot 11 $ 825,000 Lots 3/4 Block 73 Davis Islands $285,500 per lot 2 $ 571,000 4 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Tampa, Davis Islands $1,095,000 per lot 2 $ 2,190,000 $339,500 2 $ 679,000 $316,500 per lot $ 633,000 28,752 1 $ 28,752 Ruskin area west of I-75 & east of Hwy. 41, Lots 1-48 Block 1/Lots 1-3 Block 2/Lots 142 Block 3/Lots 1-44 Block 4 Wynnmere West ID 0556280000/0556280100/055 6280300/0556280400 (4 parcels) $40,399 per lot 137 $ 5,534,714 Medallion Home Matthew and Lynn Broomfield 2/2/15 at The Inlets Reserve LLC SLV II CCE Cardel Homes U.S. LP 2/2/15 Venture LP Lots 553/554 Riverdale Parcel 528 Harbour Walk ID 1043100719 7474/7481/7482/7477 Seacroft CV, Bradenton 34202, Lots 13/14/15/16/17/40/41 Unit 1C Country Club East at Lakewood Ranch ID 586577659/586577759/58657 7809 (7 parcels) $314,143 per lot 2 $ 628,285 $161,633 per lot 7 $1,131,428 Lakewood Ranch SLV II CCE Venture LP Neal Signature Homes LLC 2/2/15 $150,000 per lot 6 $900,000 Riverdale Camlin Home Corp. Gamble Creek Medallion Home at the Inlets Reserve LLC M/I Homes 3/1/15 7444/7458 Seacroft Cove, Bradenton 34202, Lots 4/7/8/9/64/65 Country Club East at Lakewood Ranch ID 586577359/586577459 (6 parcels) Riverdale Lots 637/638 $325,000 per lot 2 $ 650,000 1/5/15 4175, 4176, 4177, 4187 80' $54,600 4 $ 218,400 1/26/15 Lot 3/38, 8/38 75 $ 25,000 2 $ 50,000 2/5/15 Lot 22/37, 24/38 75 $ 25,000 2 $ 50,000 Virginia Park West Virginia Place West End TH West End TH Wilson Wynnmere West MANATEE CO. Harbour Walk Lakewood Ranch Twin Rivers PASCO CO. Connerton Connerton © Fein Custom Homes Inc. William Ryan Homes Florida Inc. Mobley Homes Custom LLC Johana Medina Trustee 2/2/15 Hanny Hamoui 2/2/15 Liben Amedie aka Liben M. Amedie 2/2/15 KTS Holdings & Investments KTS Holdings & Investments 301 Cone Grove, LLC CHW Group LLC Lennar Homes, LLC 2/28/15 Portion of Lots 17/18 Block 2 West Virginia Place 1253320000 Town Home Pads Lennar Homes, LLC 3/31/15 Town Home Pads Lennar Homes, LLC 3/31/15 LGI Homes-Florida LLC 2/2/15 Pacific One Land Homes by WestBay, LLC Holdings Pacific One Land Homes by WestBay, LLC Holdings Copyright 2015 Eshenbaugh Land Company Lots 12/13 Block 32 Davis Islands Lots 5/6 Block 15 Virginia Park ID A 1232880000 $ 5 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Connerton Pacific One Land Holdings Cypress Bend @ Watergrass CKB Development, LLC Lakeshore Ranch Pacific One Land Holdings Lakeshore Ranch Pacific One Land Holdings Lakeshore Ranch Pacific One Land Holdings Port Richey Taylor Arcade Int Redington Beach Starkey Ranch Village Starkey Ranch TerraBella TerraBella Terra Bella Union Park Union Park Union Park Union Park Union Park PINELLAS CO. Indian Shores Innisbrook Innisbrook © Homes by WestBay, LLC 3/5/15 Lot 22/38, 36/37 Standard Pacific Homes 3/16/15 Homes by WestBay, LLC 2/24/15 Blk 32, Lots 28 & 29; Blk 33, Lot 4; Blk 34 Lot 16; Blk 35 Lot 14 Lot 101, 102, 124 Homes by WestBay, LLC 2/24/15 Homes by WestBay, LLC Holiday Homes LLC 25,000 2 $ 50,000 $ 65,000 6 $ 390,000 75 $ 55,810 3 $ 167,430 Lot 104, 105 75 $ 70,810 2 $ 141,620 2/24/15 Lot 123 75 $ 65,810 1 $ 65,810 3/2/15 $ 890,000 8 $ 1,500,000 $ 1,788,000 37 $ 3 $ 2,101,000 265,224 Wheelock SLV Terrabella, LLC SLV Terrabella, LLC SLV Terrabella, LLC Golden Ranch Property LLC Golden Ranch Property LLC Golden Ranch Property LLC Golden Ranch Property, LLC Golden Ranch Property LLC M/I Homes Homes by WestBay, LLC 1/9/15 1/15/15 Sec. 32 25 16 Port Richey Land Co. Tax Id. 32 25 16 0050 00900 0000 Lots 1-4/17-20 Block 18 Redington Beach Homes ID 05 31 15 73908 018 0010 multiple lots/ blocks Starkey Ranch Village Starkey Ranch-Various Lot 154, 172, 183 Homes by WestBay, LLC 3/5/15 Lot 170, 180 K. Hovnanian Homes 2/3/15 Multiple Homes by WestBay, LLC 2/17/15 Homes by WestBay, LLC 2/17/15 Lot 4/1/2B, 4/1/2A, 4/2/2B, 5/2/2B, 8/1/2A, 12/1/2A Lot 1/2/3B, 2/2/3B Homes by WestBay, LLC 2/17/15 3/6/3A, 6/6/3A K. Hovnanian Homes 2/13/15 The Ryland Group Inc. 3/2/15 1/1, 1/3, 1/7, 2/1, 3/1, 4/1, 4/4, 5/4, 6/4, 7/4, 8/3, 9/5 Lots 6/7 Block 1/Lots 1/8/11/12/15/16 Block 2 Lots 2/3/6/7 Block 7 Union Park multiple parcels Great Indian Shores LP Ashton Tampa Residential LLC Kenon Weekley Homes LLC Management Inc. GP WS-TSR LLC The Ryland Group Inc. JEN Florida XVI, Homes by WestBay, LLC LLC JEN Florida XVI, Homes by WestBay, LLC LLC Copyright 2015 Eshenbaugh Land Company 3/2/15 1/30/15 75 $ 65' $187,500 per lot 45', 55', 65' 65 $ $56,784 per lot 88,408 65 $ 78,821 2 $ 157,642 60'/65' x 110' $ 72,372 51 $ 3,690,969 55 $ 61,943 6 $ 371,658 75 $ 83,950 2 $ 167,900 75 $ 87,766 2 $ 175,532 65' x 110' $ 73,772 12 $ 885,259 12 $ 748,000 $62,333 per lot 2/11/15 Lots 1-6 Block 6 Waterside Indian Shores ID 24 30 14 95105 006 0010/0020/0, 030/0040/0050/0060 Lot 50, 109 45 $ 139,811 2 $ 279,622 3/19/15 Lot 59 45 $ 139,985 1 $ 139,985 6 $86,952 per lot 6 $521,714 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Gateway Centre Business Park Huntley Properties LLC POLK CO. Terra Largo - Terra Vista OK TerraLargo, LLC K. Hovnanian Homes 3/2/15 TerraLargo TerraLargo Gran Paradiso OK TerraLargo, K. Hovnanian Homes LLC OK TerraLargo, K. Hovnanian Homes LLC OK TerraLargo, K. Hovnanian Homes LLC OK TerraLargo, K. Hovnanian Homes LLC OK TerraLargo, K. Hovnanian Homes LLC OK TerraLargo, MI Homes LLC OK TerraLargo, MI Homes LLC Kolter M/I Homes Kolter M/I Homes Lennar Homes LLC Sam Rodgers Homes Inc. Oakmont AK Oakmont LLC D.R. Horton 2/2/15 Timothy & Kristen Beury GK Charleston LLLP GK Charleston LLLP GK Charleston LLLP WSR-Sarasota LLC 2-Feb 624 S. Palm Ave. Sarastoa Lennar 1/15/15 Villas at Charleston Park 54' $ Lennar 3/2/15 Lennar 3/2/15 Villas at Charleston Park 54' $ WES Investments of Hillsborough County, LLC The Bank of Tampa Fairwinds Credit Union Lennar Homes, LLC 5-Jan 24th Ave., SW - Lots 881-887, 904-910 Third Addition to Ruskin Colony Farms 65 acres $65,385 per acre BDG Starkey, LLC 1/13/15 250 Starkey Road .99 acre $100,000 per acre $ 100,000 The Eagles Mates Association, Inc. 2/12/15 The Eagles 3 Lots 4 acres $68,000 per acre $ 272,000 Terra Largo - Terra Vista Terra Largo - Via Lago Terra Largo - Via Lago TerraLargo TerraLargo TerraLargo TerraLargo SARASOTA CO. Sarasota Villas at Charleston Park Villas at Charleston Pk Villas at Charleston Park BULK Hillsborough County, Ruskin Largo Odessa © Tampa Bay Luxury Imports LLC Copyright 2015 Eshenbaugh Land Company Portions of Parcels 5 & 6 Gateway Centre Business Park, ID22 30 16 30374 00 0500 6.524 acres $245,248 per acre $ 1,600,000 50' x 125' $ 33,160 8 $ 265,280 1/15/15 25, 26, 84, 141, 145, 146, 205, 206 62, 65, 82, 83, 142 50' x 125' $ 32,666 5 $ 163,328 3/2/15 31 70' x 125' $ 55,357 1 $ 55,357 1/15/15 19, 27, 30 70' x 125' $ 55,680 3 $ 167,041 1/15/15 70' $ 56,000 3 $ 168,000 3/2/15 70' $ 55,000 1 $ 55,000 2/1/15 50' $ 31,841 5 $ 159,204 2/1/15 70' $ 62,000 1 $ 62,000 2/12/15 3/27/15 1/30/15 48, 50, 32, 36 21, 70, 138, 1, 33 Lots 16-19/2530/342/348/349/350/351 Gran Paradiso Phase 1 IS 0780020160 Lots 167-182 Oakmont Multiple ID 4 $ 5 $ 13 176,681 230,522 $1,214,428 $ 832,000 $ 1,300,000 26,000 2 $ 52,000 28,000 4 $ 112,000 7 50' & 70' 50' & 70' $93,418 per lot $4,250,000 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Ruskin MHP Ventures #2 DMMD XLII LLC LLC FishHawk West @ FishHawk Newland FishHawk Medical, LLC Ranch (Medical Office) Communities Hillsborough County Cheap Homes 19th Avenue NW Subdivision USA Hokdongs LLC LLC Hillsborough County Townhomes at The Ryland Group Inc. Rocky Creek LLC aka Townhomes at Rocky Creek LLC 2/27/15 Hillsborough County 3/30/15 "Bougainvillea" 1410 SE 30th SE St. & 3115 14th Ave. SE Retail 8.76 acres $51,370 per acre 1.98 acres $188,000 $ 450,000 1.98 $ 372,240 1/30/15 Sec. 31 31S 19E ID 054201 0000 $ 570,000 2/2/15 Sec. 11 28S 17E $ 3,712,000 2/1/15 $ 1,150,000 1/31/15 Sec. 06 29S 20E ID 0652680000 Riverbend West $ 16,799 253 $ 4,250,059 Hillsborough County, Boyette Boyette Lennar Homes, LLC Karlson, LLC Hillsborough County, Davis Lennar Homes LG Hwy 301 & Sun City LLC and Dowdell Addition to LLC Wimauma Hillsborough County, Real Prospect Tampa TPV Investors LLC Madrid Lane Townhomes LLC 1/31/15 Boyette $ 31,974 63 $ 2,014,373 1/1/15 $ 3,000,000 $ 6,975,000 Hillsborough County, Providence Ranch 8007 Providence William Ryan Homes Florida Road LLC Inc. 2/2/15 Tracts 3/4 Davis and Dowdell Addition to Wimauma ID U 08 32 20 2XN 000000 000012 12833 Real Madrid Lane, (metes and bounds) ID U-1028-19-94V-000000-00001.0/U10-28-19-94V-00000000002.0/U-10-28-19-94V000000-00003.0 et al. (1 parcel) Lots 3/4/6/7/8/9/11/14/17/18/21 Providence Ranch 11 $ 825,000 Hillsborough County, Riverview Pasco County, Connerton Village Manatee County Mary Lou Glisson The Ryland Group Inc. 2/2/15 Taylor Morrison Pasco Residential Lots of Florida Inc. Lakewood Ranch SLV II CCE Venture LP Golf Co. LLC 2/2/15 Park Place D.R. Horton Inc. Investments LLC 2/2/15 Sec. 12 35S 17E WS-TSR LLC 2/2/15 The Ryland Group Inc. 1/30/15 Secs. 19-21/28/29 26 17 284.994 acres/2.077 acres/6.625 acres multiple lots/ blocks Starkey Ranch Village Hillsborough County, Riverbend West Manatee County Pasco County PW Investment MHP Tampa LLC Solutions LLP Wes Investments Lennar Homes, LLC of Hillsborough & Tony Kwok Leung Starkey Ranch Investment Co. LLC Pasco County,Starkey Ranch WS-TSR LLC Village © Copyright 2015 Eshenbaugh Land Company 2/2/15 2/2/15 $75,000 per lot 9006 Hixon Rd., Sec. 03 28S 17E ID 003505 0000 Multiple lots/parcels Connerton Village Sec. 26 35S 19E ID 5863 1010 9/5863 0160 9 8 $48,980 per acre 19.6 acres $ 293.69 acres $13,620 per acre 960,000 $ 5,400,000 $ 3,000,000 $ 834,428 $ 4,000,000 $ 1,788,000 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Pasco County, Starkey Ranch Wheelock 1/9/15 Starkey Ranch-Various Trinity Lakes LLC Standard Pacific of Florida 2/2/15 Wells SR 54 LLC SMC Oakstead, LLC 2/5/15 Multiple lots/blocks Villages of Trinity Lakes multiple ID Tract 5 Flycatcher Lennar Homes, LLC Enterprises LLC Michael Parisi Jr. Gary L. Blackwell Investments, Inc. 3/31/15 Portion of Parcel M21 3/19/15 Pinellas County, Indian Shores Indian Shores CMLTG, LLC; CMLTG, LLC Intercoastal, LLC 3/27/15 5051 Ryals Road Lot 103, 104 and 105, Zephyrhills Colony Co. 19519 Gulf Blvd., Lots 21,22,23,24,25 & 26 Polk County, Davenport Hanover Plantinum LLC Royal Oak Homes LLC 3/2/15 Sarasota, Beneva Road Grosvenor Mattamy Sarasota LLC Square Capital LLC 128 Incorporated West Edge II, Inc. 1/1/15 Pasco County, Villages of Trinity Lakes Pasco County, "Oakstead" Tract 5 Pasco County Pasco County, Zephyrhills Sumter County M/I Homes 1/30/15 45', 55', 65' $56,784 per lot 5.2 acres 2,101,000 $ 1,820,000 $ 435,000 $ 1,755,000 $ 317,000 $ 1,200,000 $ 3,643,571 $245,000 per acre 34 acres$ 5,880,000 $83,653/acre 50.789 acres $34,555 per acre 1.68 acres 7235 U.S. 27, Davenport 33897, Sec. 36 25S 26E ID 2625-36-000000-022020 A portion of 2401 S. Beneva Road, Sarasota NE Quadrant I-75 & SR 44 37 $ 145 acres $20,690/acre $3,000,000 A new feature at the end of this report picks up the builder sales of new homes over $500,000. We hope you find this interesting. Hillsboro County Beasley's Bel Mar Blue Heron Park Bon Air Brooker Reserve Cordoba Ranch Cory Lakes Isles Fishhawk Ranch Fishhawk Ranch West Fishhawk Ranch Fishhawk Ranch West Fishhawk Ranch West Fishhawk Ranch West © Weekley Homes LLC Shimberg Homes LLC Cardel Homes U.S. LP Taralon Homes LLC Weekley Homes LLC Standard Pacific of Florida M/I Homes of Tampa LLC Cardel Homes U.S. LP Homes by West Bay LLC Cardel Homes U.S. LP Weekley Homes LLC Homes By West Bay LLC Homes By West Bay LLC Thomas N. Benford 2/2/15 $ 865,000 1 $ 865,000 $ 630,000 1 $ 630,000 2/2/15 Lot 12 Portion of Lot 11 Block 1 Beasley's ID 119589-0000 Lot 123 Portion of Lot 122 Bel Mar Revised Unit No. 5 Lot 5 Blue Heron Park Roberto & Virginia Cringolo 2/2/15 Kim & Naheed Kasper $ 722,857 1 $ 722,857 Brian A. & Heather Rabinovich Brian T. & DeAnna M. O'Neil 2/2/15 Lot 11 Block 20 Bon Air $ 844,428 1 $ 844,428 1/30/15 Lot 71 Brooker Reserve $ 524,571 1 $ 524,571 Bruce H. and Marla J. Marks 2/2/15 $ 502,428 1 $ 502,428 Dana and Joy Tankins 2/2/15 $ 575,000 1 $ 575,000 Andrew and Cammie Yick 2/2/15 Lot 3 Block 8 Cordoba Ranch ID 033732-5510 Lot 3 Block 4 Cory Lakes Isles Unit 2 ID 059396-0676 Lot 23 Block 47 Fishhawk Ranch ID 088353-3046 Lot 9 Block 1 Fishhawk Ranch West Lot 2 Block 7 Preserve at Fishhawk Ranch Lot 8 Block 2 Fishhawk Ranch West Lot 14 Block 1 Fishhawk Ranch West Lot 4 Block 1 Fishhawk Ranch West $ 908,000 1 $ 908,000 $ 541,428 1 $ 541,428 $ 568,285 1 $ 568,285 $ 605,571 1 $ 605,571 $ 517,285 1 $ 517,285 $ 500,142 1 $ 500,142 Lenore H. and Jeffrey A. 3/1/15 Horton Richard and Stephanie Roos 2/2/15 Shannon R. Jr. & Nancy L. Young Marlon Benn Vernie L. Jr. & Julie E. Reichling Copyright 2015 Eshenbaugh Land Company 2/2/15 2/2/15 2/2/15 9 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Grand Hampton Brian D. and Jennifer L. Park 1/30/15 Lot 2 Block 9 Grand Hampton $ 509,571 1 $ 509,571 Latoya Liburd 2/2/15 Lot 25 Block 8 Grand Hampton $ 792,000 1 $ 792,000 Curtis R. House III 1/30/15 Lot 48 Hillandale Reserve $ 519,571 1 $ 519,571 Michael & Ashley Gagne 2/2/15 Lot 36 Hillandale Reserve $ 599,857 1 $ 599,857 Hillandale Reserve Meritage Homes Wendy L. & Jeffrey S. Wilson 2/2/15 of Florida Inc. Lot 39 Hillandale Reserve $ 683,285 1 $ 683,285 Maryland Manor Taralon Homes LLC Mobley Homes Custom LLC Lot 1 Block 55 Maryland Manor Unit 2 Lot 12 Block 70 Palma Ceia Park $ 780,714 1 $ 780,714 $ 597,571 1 $ 597,571 Grand Hampton Hillandale Reserve Hillandale Reserve Palma Ceia Park © Vintage Estate Homes LLC ICI Homes of Tampa LLC Meritage Homes of Florida Inc. Meritage Homes of Florida Inc. Gala & Caleb Bendix 2/2/15 William L. & Victoria L. Ayers 2/2/15 Copyright 2015 Eshenbaugh Land Company 10 THE ESHENBAUGH LAND COMPANY REPORT www.TheDirtDog.com 1st QUARTER 2015 - LOT SALES Waterleaf Waterset Virginia Park Virginia Park Manatee County Central Park Homes by West Bay LLC Homes by West Bay LLC Shimberg Homes LLC Mobley Homes Custom LLC Randall J. & Azalia Miranda 1/30/15 Lot 20 Block 7 Waterleaf $ 512,571 1 $ 512,571 Scott D. and Margaret Sanders David J. Capece & Paul M. Dontenville Jr. Cassandra E. and Ellsworth L. Johnson Jr. 1/30/15 Lot 9 Block 51A Waterset $ 500,000 1 $ 500,000 1/30/15 Lot 12 Block 39 Map of Virginia Park Lot 15 Block 49 Map of Virginia Park $ 580,000 1 $ 580,000 $ 611,285 1 $ 611,285 Lot 94 Central Park ID 579646809 Lot 92 Central Park ID 5796648759 Parcel 79-B Edgewater Walk on Harbour Isle Condo 5815 Inspiration Terrace, Bradenton 34210, Lot 163 Legends Bay ID 6147119159 $ 710,571 1 $ 710,571 $ 702,285 1 $ 702,285 $ 925,428 $ 925,428 $ 609,142 1 $ 609,142 1/30/15 Harbour Isle Cardel Homes Dat and Anita Vuong U.S. LP Cardel Homes Michael C & Mary E. U.S. LP Kavanaugh Minto Bradenton LLC Jonathan T. Bagley 2/2/15 Legends Bay D.R. Horton Inc. Legends Bay LLC 2/2/15 Homes by West Bay LLC Standard Pacific of Florida Standard Pacific of Florida M/I Homes of Tampa LLC Matthew Du Pre 2/2/15 Lot 78 Enclave at Terra Bella $ 566,571 1 $ 566,571 Rozales A. & Antoinette Swanson Christopher & Carolina Cognetta George & Kathy G. Tjamaloukas 2/2/15 $ 656,142 1 $ 656,142 $ 519,857 1 $ 519,857 $ 524,571 1 $ 524,571 Adam P. & Lisa A. Wright 2/2/15 Lot 6 Block 4 Estancia ID 1926-20-0030-00400-0060 Lot 6 Block 51 Estancia ID 1826-20-0020-05100-0060 Lot 18 Block 3 Long Lake Ranch Village ID 33 26 18 0020 00300 Lot 6 Block 58 Meadow Pointe $ 505,285 1 $ 505,285 Brian C. & Courtney S. White 2/2/15 Lot 10 Block 6 Union Park $ 566,571 1 $ 566,571 Susan E. O'Donnell Polly Trustee 2/2/15 Lot 19 Block 14 Watergrass ID 35 25 20 0010 01400 0190 $ 545,857 1 $ 545,857 Robson Homes Inc. 3/1/15 163 Marina Del Ray Court, Clearwater 33676, Lot 42 Marina Del Ray at Sand Key Unit B ID 19-29-15-553030000-0420 $ 534,000 1 $ 534,000 Central Park Pasco County Enclave at Terra Bella Estancia Estancia Long Lake Ranch Village Meadow Pointe Union Park Watergrass Pinellas County Marina Del Ray Court © Standard Pacific of Florida Homes by West Bay LLC Homes by West Bay LLC Dimitrios and Julie Skaftouros Co. Trustees Copyright 2015 Eshenbaugh Land Company 2/2/15 2/2/15 2/2/15 11