An Extraordinary Property.
An Extraordinary Opportunity.
For generations, Briny Breezes families have preserved a remarkable coastal community. Today, shareholders have an opportunity to explore what the entire property might be worth if offered on the open market to qualified buyers.
This independent shareholder initiative encourages informed discussion, transparent access to documents, and proposed terms designed to protect shareholders.
Information first. Shareholders decide.
Briny Breezes is more than real estate. It is home, history, and a legacy preserved by generations of families. As the community considers flooding, aging infrastructure, and future expenses, shareholders deserve the opportunity to explore all available options.
The proposal is to consider offering the entire property on the open market under defined conditions, then evaluate actual offers and their estimated net proceeds before deciding whether to approve any transaction.
Five proposed terms for a potential sale
These are requested negotiating conditions—not terms accepted by a buyer or a guarantee of a completed sale.
Buyer pays transaction costs and corporate sale taxes
The proposal calls for the buyer to cover closing costs and corporate income taxes attributable to the sale, with an estimated net-per-share calculation provided before any shareholder vote.
2% nonrefundable deposit
Following shareholder approval of an offer, the buyer would provide a 2% nonrefundable deposit, as set forth in a final agreement.
180-day closing period
Close within 180 days or less, with only one possible 180-day extension requiring an additional 2% nonrefundable deposit.
As-is purchase
The buyer would purchase the property in its existing condition, subject to the final negotiated contract.
90-day occupancy protection
The proposal calls for a 90-day post-payment occupancy period for unit owners, starting only after all shareholders have received their distributions.
10 reasons to consider an open-market listing
These are discussion points. They do not promise a particular sale price or outcome. The complete supporting document is available below.
Test the market
Learn what qualified buyers may offer for the entire property.
Rare coastal setting
Evaluate the unique ocean-to-Intracoastal location.
Aging infrastructure
Consider the potential cost of seawalls, utilities, roads, and drainage.
Flooding concerns
Review flooding conditions and the findings of relevant engineering reports.
Financial clarity
Request clear comparisons of repair obligations and potential net proceeds.
Collective opportunity
Consider whether marketing the property as a whole reaches a different buyer market.
Shareholder participation
Give shareholders an informed opportunity to consider a possible path forward.
Negotiate protections
Seek defined terms for costs, deposits, deadlines, and occupancy.
Preserve choice
Exploring offers does not require accepting an unacceptable one.
Honor the legacy
Consider the value created through generations of community stewardship.
Shareholder document library
Open any document in Google Drive to read it, print it, or use Google's download options. Some documents are initiative proposals; others are supporting materials.
Google Drive permissions must be set to “Anyone with the link — Viewer” for public access. Document downloads depend on each file's Google Drive settings.
Read the petition. Decide for yourself.
Review the petition, its explanation, and the supporting materials before choosing whether to sign. The petition does not itself authorize a sale or approve a purchase offer.
Open the Shareholder PetitionElectronic petition signatures are not offered through this website. Their acceptance and any applicable petition thresholds should be verified with qualified Florida cooperative counsel.
Frequently asked questions
Does signing mean I have voted to sell?
No. Signing a petition to consider action is different from voting to approve a specific sale. Any corporate action must comply with the applicable governing documents and law.
Has the property been listed or sold?
This independent initiative does not represent that the corporation has authorized a listing or approved any sale.
Who can approve a sale?
The corporation's governing documents and applicable law control the approval process. Shareholders should consult the bylaws and obtain qualified legal guidance about the relevant thresholds and procedures.
How would shareholders receive proceeds?
The final amount would depend on sale price, liabilities, taxes, costs, and the governing documents. Shareholders should receive a detailed estimated net-proceeds analysis before considering a transaction.
Can I sign online?
This website does not collect digital signatures. Use the petition's instructions for now, pending verification of electronic signature requirements.
Is this the official website of the corporation or town?
No. This is an independent shareholder-led initiative and is not an official website of Briny Breezes, Inc. or the Town of Briny Breezes.