Rare zoning. 2 year, $2M Renovation completed 01/09. Re-opened in 01/2009 & valued at:$24M turn-key, $37M when brought to highest & best use. Currently an amazing 31 unit resort/spa with future entitlements for a total of 62 units. Parking has been allocated to accomodate full build-up. Located right next door to the #4 ranked San Diego County Championship golf course. Highest and best use examples; corporate retreat, medical spa, sports/olympic training facility, Timeshare resort, your private estate, celebrity hide-a-way. A short distance from Golden Door Spa & Cal-a-Vie Spa. Walking distance to "Lawrence Welk Resort" live theatre, dining and fun! Close to Golf, freeway, shopping, fun parks, horseback riding, palomar observatory, family fun parks, shopping, casino's, San Diego beaches, San Diego...

Entitlements for 62 units. There is a country club, kitchen, restaurant, future bar & lounge area, tennis courts, pool, soaking spas, 2000 sq.ft. private villa, suites, mini-suites, meeting & spa rooms, wedding chapel, fitness center, regulation tennis courts, a sauna, ample paved parking, breathtaking panoramic views. Go to: www.tammyvivat.com for a virtual tour. Call Tammy Vivat to arrange for your private tour. Owner has been utilizing this resort primarily for his private use. No Cap Rate. Go to: www.tammyvivat.com for the virtual tour, etc... www.IfIHad15MillionIWouldBuyIt.com

Current "turn-key" value approximately $24M. Estimated value at buildup with property brought to highest and best use is $37M+.

Owner may carry commensorate w/down.