3 lots were sold prior to the current recession when the property first came on market 2007. A 3500 sq. ft. model house was constructed on Lot 5 priced at $1.25m. The pad and utilities for the 6200 sq. ft. clubhouse, streets & infrastructure are in place. Vineyards are in successful operation by Pilot Peak Winery. Final Map is approved. Seller has a $750,000 letter of credit in place with DRE to finish clubhouse. Seller will credit buyer $750,000 to enable the LC to be extinguished.