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3. SALE OF REAL ESTATE INTERESTS (Details) (USD $)
1 Months Ended 1 Months Ended
Feb. 25, 2013
Mar. 31, 2013
Feb. 25, 2013
Promissory Notes and Accrued Interest Due from Individual
Mar. 29, 2013
Membership Interests Purchase Agreement
Mar. 29, 2013
Membership Interests Purchase Agreement
Hmg Courtland Properties, Inc.
Court Land Investments Inc
Mar. 29, 2013
Membership Interests Purchase Agreement
Montys Marina
Mar. 29, 2013
Membership Interests Purchase Agreement
Christoph Family Trust
Sales of Real Estate $ 24,400,000     $ 3,000,000      
Cash proceeds from Sale of Real Estate 23,400,000            
Nontrade Receivables     1,000,000        
Repayments of First Mortgage Bond 2,700,000            
Gain on sale of real estate interests 18,700,000     184,000      
Gain on sale of real estate interests, per share $ 18.71     $ 0.19      
Incentive fee due to the Adviser   $ 2,063,133          
Equity Method Investment, Ownership Percentage   95.00%     95.00% 50.00% 50.00%