The old Shangri La Resort and Hotel on Monkey Island has offered luxury weekends and vacations of golf, boating, fine dining, and other lake activities for decades until falling into disrepair under previous owners. Peter Boylan, the new owner of the resort and H. Drake Leddy of Presidian Companies have teamed together to put together a new plan to have a quality conference center, luxury hotel, and a high rise individual owned condo building of concrete and steel with beautiful breath-taking views of Grand Lake from each unit.

This exciting new project plans a groundbreaking in summer of 2007 and complition in 2009. The condo project features 76 condos of various sizes from around 1300 square feet to 4000 square feet, with each unit on one level. The condo building will share an elevator with the new 150 room hotel also planned for the site. Condo owners will, however, have private access cards available to their floor only to owners and their guests.

The Peninsula Resort and Club will feature a Golf Digest 4.5 Star 27 hole Golf Faciltiy, Spa-Fittness-Wellness Center, Fine Dining, Marina and Boat Launch Service, and all the other fine activities of Monkey Island on Grand Lake in Oklahoma. Manhattan Construction is the general contractor of the project. Presidian Companies have a long track record of developments such as planned at The Peninsula.

This new development will offer investment opportunities to those who like to invest in quality real estate, hassle free second home ownership on a great lake, and full time living with full time security. room service, maid service, grounds keeping, fine dining, and many activities to make the lake ownership experience all fun without the hassle factor usually associated with ownership. Condos can also join the hotel rental pool if desired by the owner for extra income when not in use by the owners.

You can reserve your right to contract for a condo with a $5,000 refundable fee until the formal signing, unit selection, and contract party to be held late spring. Once the unit goes under full contract a ten percent down payment is made with balance due upon completion of the project and possession of your unit in 2009. As an area Realtor, I am assisting in the sale of this project. Please call for more details and to schedule your showing of the full scale model unit being built on site. I may be reached at 918 640-3300 my cell or RE/MAX Grand Lake office and ask for Joe at 918 786-9888.

This will truly be a jewel of Northeast Oklahoma and the Grand Lake area. This area is fast becoming a place for family to gather for major holidays, full time retirement living, and full time living for those like me who live and work in the lake area. We have a great climate with four moderate seasons, a beautiful area, and prices much cheaper than so many areas of the country.

Again for more information please call me at my cell 918 640-3300.

Remember "Call Joe Is All You Need To Know"

                           918 640-3300