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<br />Sale 4 is located on the northeast corner of Collins A venue and Sunny Isles Boulevard, <br />approximately one-half mile north of the subject property, This 57,834 square foot site sold in May <br />of2004 for $20,000.000 or $345,82 per square foot. This site is zoned MU-R, Mixed Use Resort <br />District. A luxury condominium apartment building is under construction on this site. <br /> <br />Sale 5 is located on the east side of Collins Avenue between 170'h Street and 172"d Street, <br />approximately three-quarters ofa mile north of the subject property. This 97.300 square foot site <br />sold in October of 2004 for $32,100,000 or $329.91 per square foot. This site is zoned MlJ-R. <br />Mixed Use Resort District. A luxury condominium apartment building is under construction on this <br />site. <br /> <br />Sale 6 is located on the east side of Collins A venue between 170'h Street and 172"d Street, <br />approximately three-quarters of a mile north of the subject property, This 37, I 65 square foot site <br />sold in nine transactions between January and April of2005 for a total of$13,783,200 or $370.86 <br />per square foot. This site is zoned MU-R, Mixed Use Resort District. This site is currently <br />improved with two-story, 55-unit condominium apartment building. A luxury condominium <br />apartment building is planned for this site, <br /> <br />Sale 7 is located on the east side of Collins Avenue,just south of Bayview Drive to the south side <br />of the subject site. This 57,064 square foot site sold in June of 2005 for a total of $26,000,000 or <br />$455,63 per square foot. This site is zoned MU-R. Mixed Use Resort District. This site is currently <br />vacant. A luxury hotel/condominium apartment building is planned for this site. <br /> <br />A detailed profile of each sale. a photograph of the sales, a sales map, a summary of the sales and <br />a value conclusion follows herein. <br /> <br />QUINLIVAN APPRAISAL <br /> <br />29 <br />