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METHODOLOGY <br /> "SHOREWOOD" <br /> This 48 acre property, presently owned by the Kingsley Murphy Jr. <br /> family, is one of the largest single-home parcels remaining in the <br /> entire Lake Minnetonka Area. It is rich in history, varied in <br /> topography and situated in, arguably, the most desirable... <br /> remaining...location. <br /> The owner intends to retain some acreage for a new home presently <br /> being designed in the northwest corner of the property. <br /> The owner has considered what the value of the land should be <br /> based upon appraiser's opinions of sub-divided value, a study of <br /> market comparables, conversations with the City of Orono, etc.; <br /> however, it is their preference to have the "market" establish the <br /> sale price with potential buyers giving consideration to the <br /> following preferences (in order of their priority): <br /> 1. The property, including the existing house, will be <br /> purchased in its entirety by a single buyer. <br /> 2. The existing house and some surrounding acreage will be <br /> purchased as one parcel with the remaining land divided <br /> into as few building sites as possible. <br /> 3. Special consideration should be given to the preservation of <br /> the large stand of original growth maple trees in the center <br /> of the property <br /> 4. The Murphy family will remain in their existing home until <br /> completion of the new one. All proposals should include a <br /> provision allowing this. <br /> The request of the seller: <br /> • Prospective buyers should come forward with their <br /> perception of how the above preferences would be addressed <br /> along with a dollar bid. <br /> • Individuals/developers, using their own approach and <br /> creativity, should develop their concepts of sub-division and <br /> pricing and submit accordingly. <br />