you have it exactly right. there are 4 buildings. one building is directly on the beach (all those units are $1.5m). the other buildings are up on the hill at various angles to the water. short walk down to the beach. all units are 3bd/2bath. lease program is guaranteed for 5 years. furnishings in rooms are great (dark wood, leather lounge chair, fantastic bed, plasma tv, huge bathroom with small bath and huge glass shower). i imagine condos will be even nicer