Please Note: Sketch plan is conceptual only. Neither the Seller nor its agents have submitted plan or made any applications to a public agency.

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PUBLISHED RESERVE: $3,950,000

LAST ASKING: First Time Offered

SIZE: 51± acres

ZONING: Rural Area 5

PROPERTY INSPECTION: At Any Time

FINANCING: Subject to Seller's approval of Purchaser's credit: A 30% down payment with the balance secured by a first deed of trust, amortized over 20 years at 7 % interest, calling for monthly payments of principal and interest; all due and payable at the end of 5 years.

DESCRIPTION: This 51± acre residential development site is well-located near the entrance to Quadrant's Snoqualmie Ridge master-plan community in King County. Located at the intersection of Interstate 90 and Highway 18 (Snoqualmie Parkway), the property provides opportunity to develop estate homesites within 20 minutes of downtown Seattle. The property has excellent access from the north property line with approximately 1,700 feet of frontage along SE 96th Street. The tract surrounds a former Leisure Time Campground site on three sides, and is zoned for minimum lot sizes of 5 acres, providing opportunity to develop up to 10 estate or equestrian homesites. Power and telephone are available to the property (charges may apply - see Supplemental Information Package). Sewer service is to be provided by private, on-site systems.

LOCATION: The property is located in the northeast quadrant of the intersection of Interstate 90 and Highway 18. From I-90, take Exit 25 and turn left and follow Snoqualmie Parkway north to SE 96th Street. APN #746290-0130-00/022307-9064-08/022307-9007-08/746290-0110-04/746290-0120-02.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 18, 2009

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