The Reserve at James Island This Is A Place Reserved For A Privileged Few. A Place Where Residents Live Life At Whatever Pace They Please. Where One Can Delight In The Pleasures Of Nearby Shopping, Dining, Beaches And Entertainment - Or Slip Away From It All, At A Moments Notice. This Is A Dynamic Condominium Community Of Unrivaled Beauty, Both Inside And Out, Where Resort-Style Recreation Amenities Are Paired With Executive-Style Personal Touches. And Privacy, And Piece Of Mind Are Always Preserved... Welcome To The Reserve At James Island. The Reserve At James Island Is Ideally Situated In The Heart Of A Vibrant Mid-Town Professional District, Just Minutes From The Beach, Downtown Jacksonville And Steps From North Florida's Most Exciting New Shopping And Entertainment Destination, The St. Johns Town Center. The Community Offers Convenient Access To All Of The Area's Major Thoroughfares Including J. Turner Butler Boulevard, Florida 9A, Southside Boulevard And Interstates 95, 295 And More. At The St. Johns Town Center, You'll Find Many Of Today's Most Sought After Upscale Retailers And Restaurants. The Reserve At James Island Is Also Close To Other Celebrated Shopping, Dining And Entertainment Centers Including Avenues Mall, Regency Square, Baymeadows And Tinseltown. A Few Minutes East Are Miles Of Pristine Beaches, Just One Of Many Outdoor Pleasures You'll Enjoy As A Result Of Northeast Florida's Year-Round Temperate Climate. The Area Is Also Home To An Array Of Challenging Golf Courses, First-Tier Sports And Entertainment Venues And Historic Attractions. The Professional Golfer's Association (PGA TOUR), Association Of Tennis Professionals (ATP) And Alltel Stadium (Home Of The NFL's Jacksonville Jaguars) All Contribute To The Community's Appeal, As Does It's Superb Symphony Orchestra, Numerous Theaters And Museums. St. Augustine, Ameila Island, Daytona Beach And Orlando Are Also Just Short Drives Away. The Reserve's Luxurious Clubhouse Is The Centerpiece Of Social Activity In The Community. The Beautifully Appointed Clubhouse Surrounded By Imported Italian Marble Waterfalls Includes A Well Equipped Social Room, Service Bar With Televisions And Catering Kitchen Making It A Natural Gathering Spot For Friends And Neighbors. The Reserve Is Also A Playground For Those WIth Active Tastes With A State-Of-The-Art Fitness Center, Basketball Court And Volleyball Court To Accommodate Every Preference. You Will Also Find The Resort-Style Pool And Spa Just Steps Away. The Elegant Lakefront Clubhouse Features An Inspiring Free-Form Pool, Wrapped By Ample Sundecks, Wading Pool, Lounges And Poolside Cabana... Just Like You Would Find At A World-Class Resort. Resort Amenities And Services Controlled-Access Gated Privacy With Telephone Admittance Expansive Free-Form Pool With Lounge Area, Cabana And Grill Lakefront Clubhouse With Service Bar, Social Room And Fully-Equipped Kitchen Fitness Center With Strength, Cardio Training Equipment And Television Monitors Indoor Basketball And Volleyball Courts Fully-Wired CAT-5 And Equipped Business Center With Conference Room, Hi-Speed Internet, Fax Machine, Computers And Printer Luxurious Massage Room, Offering Private Bath And Shower Executive-Style Personal Services Assistance, Such As Catering, Dry-Cleaning Or Housekeeping Assistance For Special Events Or Fine Dining Property Detail With Soaring 9-Foot To 11-Foot Ceilings, The Reserve's Distinctive Condominium Homes Feature Quality Craftmanship And Exceptional Architectural Character, Inside And Out. A Home At The Reserve At James Island blends the Inherent Attraction Of Maintenance Free Condominium Living With The Asthetic Appeal Of A Luxury Estate. Not Only Is Your Home Beautiful, You Can Enjoy The Peace Of Mind Of Knowing That Superior Construction Materials And Methods Were Used Throughout, Including Additional Soundproofing. Gourmet Kitchens Include Finely-Crafted Maple Cabinets, Modern Appliance Packages With Built-In Microwave Above The Cooking Surface. Bedrooms Are Spacious And Comfortable With Large Walk-In Closets, And Spa-Like Baths Provide Soothing Retreats.Every Feature Makes Your New Home Comfortable And Unique. Whether You Choose A Residence Featuring Either A Large Patio / Balcony To Enjoy The Outdoors Or An Enclosed Sunroom Perfect For A Small Den (Library Or Sitting Room) Or A Home Office, The Added Space Is A Luxury You Deserve. Summary Developer Distressed Clearout Sale Upscale Luxurious Resort In Expanding Market Area Less Than Fifteen Minutes From Downtown Jacksonville And Beaches Priced At Close To 60% Of Pricing in 2009 Projected 66.92% On Cumulative 3-Year ROI Minimum 5.52% Net Yield Monthly Cash Flow Positive Projected At $510.29 Tenanted Units Immediately Available With Genuine Lease Into 2011 On-Site Management / Full Amenities Fantastic Location, Location, Location! Financials 5 Floor Plans To Choose From SAMPLE UNIT - B - SIENNA Purchase Price $110,900 Income Monthly Rent (Average Figure) $1,000.00 Annual Gross Rent $12,000.00 Expenses Estimated 2010Real Estate Taxes $1,676.00 Association Dues ($287.54/Monthly) $3,450.48 Estimated Insurance $750.00 Annual Expenses $5,876.48 Cash Flow & Appreciation 3-Year Market Correction $55,842.00 Monthly Cash Flow $510.29 Net Operating Income (NOI) $5,876.48 Return On Investment (ROI) 5.52% 3-Year Total Returns $74,212.56 3-Year Cumulative ROI 66.92% Be Sure To Check Out The Virtual Tour Under The Main Image Above Or Below, Alternatively Paste ... Into Your Web Browser. As part of the team at Coldwell Banker Feltrim , my florida property store specialize in the representation of foreign national and out-of-state clients in the buying and selling of investment properties, for short-term or long-term rental such as villas, vacation homes, and second homes. 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