CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
REVENUES
Real estate rentals and related revenue	$ 475,230	$ 470,436	$ 1,402,791	$ 1,391,296
Food & beverage sales	1,218,886	1,124,481	4,514,577	4,268,092
Marina revenues	384,640	444,489	1,200,019	1,315,286
Spa revenues	211,226	173,239	421,023	388,830
Total revenues	2,289,982	2,212,645	7,538,410	7,363,504
Operating expenses:
Rental and other properties	211,684	221,329	559,681	539,575
Food and beverage cost of sales	344,710	305,814	1,266,389	1,159,351
Food and beverage labor and related costs	304,758	339,295	990,389	1,060,456
Food and beverage other operating costs	474,202	487,055	1,538,153	1,498,473
Marina expenses	212,670	218,854	655,816	707,069
Spa expenses	204,238	152,090	414,136	344,117
Depreciation and amortization	237,079	209,037	854,821	719,466
Adviser’s base fee	255,000	255,000	765,000	765,000
General and administrative	117,293	95,809	290,252	312,935
Professional fees and expenses	108,871	107,035	305,201	295,708
Directors’ fees and expenses	25,285	31,459	70,591	84,434
Total operating expenses	2,495,790	2,422,777	7,710,429	7,486,584
Interest expense	216,837	262,293	687,487	793,997
Total expenses	2,712,627	2,685,070	8,397,916	8,280,581
Loss before other income and income taxes	(422,645)	(472,425)	(859,506)	(917,077)
Net realized and unrealized (losses) gains from investments in marketable securities	(173,206)	208,171	(141,226)	179,348
Net income from other investments	10,189	24,184	55,502	242,370
Other than temporary impairment losses from other investments			(86,707)	(50,000)
Realized loss on interest rate swap agreement			(198,400)
Interest, dividend and other income	34,346	100,378	160,368	278,359
Total other (loss) income	(128,671)	332,733	(210,463)	650,077
Loss before income taxes	(551,316)	(139,692)	(1,069,969)	(267,000)
(Benefit from) provision for income taxes	(230,000)	22,000	(280,000)	4,000
Net loss	(321,316)	(161,692)	(789,969)	(271,000)
Less: Net loss attributable to noncontrolling interest in consolidated entities	91,283	89,385	171,764	7,990
Net loss attributable to the Company	(230,033)	(72,307)	(618,205)	(263,010)
Other comprehensive income (loss):
Unrealized loss on interest rate swap agreement	(298,000)	(133,500)	(257,000)	(404,500)
Total other comprehensive loss	(298,000)	(133,500)	(257,000)	(404,500)
Comprehensive loss	(528,033)	(205,807)	(875,205)	(667,510)
Basic and diluted (in Dollars per share)	$ (0.23)	$ (0.07)	$ (0.61)	$ (0.26)
Weighted average common shares outstanding-Basic and diluted	$ 1,010,426	$ 1,021,376	$ 1,010,426	$ 1,021,381