Ocanos (pronounced ó-cah-nos) will offer just 151 expansive hotel condominium villas overlooking the Atlantic Ocean in the vibrant Florida Keys Village of Islamorada, known as the "Sportsfishing Capital of the World." The ultimate island escape for serious anglers and others with an affinity for the sea and the casual lifestyle of the tropics, Scheduled to open in 2008 at Mile Marker 84, midway between Miami and Key West, this magnificent preserve will feature exotic Greek Isles-inspired architecture, glorious balconies with private plunge pools, and light filled interiors blending generous use of stone, tile and exotic woods with state-of-the-art gourmet kitchens.

Villas will range in size from 1,245 to 1,459 square feet and are priced starting at $1.2 million.

"Ocanos will be an island haven that will delight your soul and spirit,"

said Adam Schlesinger of CSC Holiday Land L.P., owners of the property. "Our goal is to provide Ocanos owners and guests with the kind of vacation escape one finds only in a handful of the world's finest properties."

For the exclusive use of Ocanos residents and guests, the resort will feature a sandy beach and spectacular oceanfront swimming pool, Har-Tru tennis courts, fashionable boutiques, an 11,000 square-foot spa and wellness center, indoor and outdoor dining venues, including a signature restaurant, and the use of the Ocanos sea plane, which can whisk you to Miami in just minutes.

Fishing aficionados and yachters may dock vessels of up to 85 feet in length at the full service Ocanos Marina, home port of a prestigious offshore and back country fishing fleet. Some of the world's most fertile fishing grounds and North America's only living coral reef are less than five minutes from the Ocanos dock.

Ocanos is a joint venture of Ceebraid Signal Corporation, a prominent developer of luxury condominiums and resort hotels on the east coast of the United States; New Valley LLC, a wholly owned subsidiary of the Miami-based holding company Vector Group Ltd.; and Investcorp, a global investment group that oversees a U.S. portfolio valued at more than $1.5 billion.

Only a limited number of Ocanos villas will be offered for sale through Douglas Elliman Florida. For Ocanos real estate information, please contact ocanos@ellimanflorida.com or visit www.ocanosfloridakeys.com.