CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Real estate rentals and related revenue	$ 500,760	$ 475,230	$ 1,462,710	$ 1,402,791
Food & beverage sales	1,271,635	1,218,886	4,628,472	4,514,577
Marina revenues	407,686	384,640	1,238,978	1,200,019
Spa revenues	110,324	211,226	350,587	421,023
Total revenues	2,290,405	2,289,982	7,680,747	7,538,410
Operating expenses:
Rental and other properties	178,861	211,684	478,751	559,681
Food and beverage cost of sales	357,382	344,710	1,324,379	1,266,389
Food and beverage labor and related costs	334,066	304,758	1,059,782	990,389
Food and beverage other operating costs	463,826	474,202	1,541,511	1,538,153
Marina expenses	223,310	212,670	640,572	655,816
Spa expenses	95,877	204,238	345,944	414,136
Depreciation and amortization	222,843	237,079	668,611	854,821
Adviser's base fee	255,000	255,000	765,000	765,000
General and administrative	83,747	117,293	274,255	290,252
Professional fees and expenses	46,721	108,871	172,289	305,201
Direc tors' fees and expenses	25,649	25,285	69,149	70,591
Total operating expenses	2,287,282	2,495,790	7,340,243	7,710,429
Interest expense	215,843	216,837	656,626	687,487
Total expenses	2,503,125	2,712,627	7,996,869	8,397,916
Loss before other income (loss) and income taxes	(212,720)	(422,645)	(316,122)	(859,506)
Net realized and unrealized gains (losses) from investments in marketable securities	44,826	(173,206)	141,922	(141,226)
Net income from other investments	20,247	10,189	336,693	55,502
Realized loss on interest rate swap agreement				(198,400)
Other than temporary impairment losses from other investments			(27,666)	(86,707)
Interest, dividend and other income	43,404	34,346	112,275	160,368
Total other income (loss)	108,477	(128,671)	563,224	(210,463)
(Loss) income before income taxes	(104,243)	(551,316)	247,102	(1,069,969)
Provision for (benefit from) income taxes	20,000	(230,000)	3,000	(280,000)
Net (loss) income	(124,243)	(321,316)	244,102	(789,969)
Less: Net loss (income) attributable to noncontrolling interest in consolidated entities	29,834	91,283	(104,820)	171,764
Net (loss) income attributable to the Company	(94,409)	(230,033)	139,282	(618,205)
Other comprehensive loss:
Unrealized loss on interest rate swap agreement	(3,500)	(298,000)	(45,500)	(257,000)
Total other comprehensive loss	(3,500)	(298,000)	(45,500)	(257,000)
Comprehensive (loss) income	$ (97,909)	$ (528,033)	$ 93,782	$ (875,205)
Basic and diluted (in Dollars per share)	$ (0.09)	$ (0.23)	$ 0.14	$ (0.61)
Weighted average common shares outstanding-Basic and diluted (in Shares)	1,010,108	1,010,426	1,008,492	1,010,426