Cape Summit presents an opportunity to acquire approximately ±1.75 gross acres currently improved with three single-family residences that are being advanced through the Miami-Dade County entitlement process for a proposed 79-unit multifamily residential community. Unlike a traditional land acquisition requiring a developer to begin the entitlement process from inception, this project has already benefited from years of planning, professional design, land use analysis, and coordination with consultants and governmental agencies. The intent is to provide a purchaser with the opportunity to continue the entitlement process rather than starting from scratch. Proposed Development The current development concept consists of approximately 79 residential units based upon applicable County land use policies permitting 36 units per gross acre, together with the County's Workforce Housing density incentive program incorporating approximately 8 workforce housing units. The proposed site plan includes: • Three-story residential buildings • Approximately 81 surface parking spaces • Surface parking only (no structured garage currently proposed) • Existing public water and sewer service to all three parcels Although the proposed MCD zoning classification could potentially accommodate additional building height, the development team has voluntarily elected to restrict the project to three stories in an effort to enhance compatibility with the surrounding single-family neighborhood and facilitate the public review process. Current Project Status The project has progressed substantially beyond the conceptual stage. Work completed to date includes: • Preliminary land use and zoning analysis • Conceptual site planning • Architectural floor plans • Building elevations • Preliminary engineering coordination • Pre-application meetings with Miami-Dade County • Coordination with County reviewing departments • Traffic study currently underway According to the project's land use attorney, preliminary coordination with County reviewing departments has reportedly produced no initial objections. Formal governmental review, however, remains part of the entitlement process, and purchasers should independently verify all information during their due diligence. Remaining Entitlement Process Although significant progress has been made, the project has not yet received final governmental approvals. Remaining approvals generally include: • Formal rezoning application • Site Plan Review (SPR) • County staff review • Advisory board recommendations • Public hearings • Final County approvals • Engineering approvals • Building permits Government review schedules are estimates only and remain subject to change. Ownership Structure The Seller will consider transferring ownership through the sale of the existing single-purpose LLC that owns the property. This ownership structure may allow a purchaser to continue the entitlement process through the existing entity, subject to the purchaser's independent legal, accounting, and tax review. Utilities The existing property consists of three platted residential lots currently served by public water and sewer. Purchasers should independently verify utility capacity, availability, impact fees, and connection requirements during the due diligence period. Due Diligence Information A comprehensive due diligence package is available for qualified purchasers and includes available project information such as: • Conceptual Site Plan • Architectural Floor Plans • Building Elevations • Preliminary Development Concept • Attorney Planning Analysis • Existing Utility Information • Preliminary Development Timeline Additional materials are expected to become available as the entitlement process progresses, including engineering reports, traffic study, planning memoranda, utility availability documentation, staff comments, rezoning materials, Site Plan Review documents, and other entitlement-related information. Investor Considerations This offering should be viewed as an advanced entitlement opportunity, not a fully approved development. The value proposition lies in the significant amount of planning, architectural, engineering, and legal work that has already been completed. A purchaser has the opportunity to acquire a project that has progressed well beyond raw land while maintaining the flexibility to complete the entitlement process and ultimately develop a thoughtfully planned multifamily community. As with any entitlement project, prospective purchasers are encouraged to conduct comprehensive legal, zoning, engineering, environmental, financial, tax, and development due diligence. All proposed density, zoning classifications, timelines, development rights, and governmental approvals remain subject to review and approval by the applicable governmental authorities. This property represents an exceptional opportunity for multifamily developers, builders, institutional investors, private equity groups, and family offices seeking a strategically located residential development with substantial pre-development work already completed and significant upside upon successful completion of the entitlement process.