[Sandell Asset Management Letterhead]

Board of Directors
WCI Communities, Inc.
24301 Walden Center Drive
Bonita Springs, Florida 34134
Attn: Mr. Don E. Ackerman, Chairman

Dear Board of Directors,

Sandell Asset Management Corp. and certain funds managed by Sandell are the
beneficial owners of 9.8% of WCI's common stock, making us the third largest
shareholder. We were encouraged by the Board's recent decision to engage
financial advisors to evaluate alternatives for value creation because we firmly
believe that a sale of the company is the best and possibly only route to value
creation. Unfortunately, we are also concerned about the current alternatives
we, as a large shareholder, now face.

We support Carl Icahn's efforts to create change at WCI by nominating and
electing an alternative slate of directors at the WCI annual meeting, and see
his recent tender offer as a positive step in value maximization at WCI. The
onus is clearly on WCI's management, board of directors and financial advisors
at this point to step up their efforts to achieve the best possible result of
the strategic review process. If that process does not yield a higher value, we
encourage the board to work with Mr. Icahn toward a negotiated deal rather than
attempt to hide behind the recently adopted poison pill. In the absence of a
higher bid, the shareholders may have little choice in the decision of selling
to Mr. Icahn or leaving the company in current management's hands and risking
further value destruction.

Despite the unenviable position that management and the Board find themselves
in, there is an opportunity to deliver value to shareholders and meet the
fiduciary duty entrusted to them by the shareholders. Failure to do so would
most likely result in an ignominious exit for the current management and Board
of Directors as well as a potentially less than satisfactory result for
shareholders.

We look forward to a successful resolution of the current situation and can be
reached at (212) 603-5700 to discuss our thoughts above.

Sincerely,

/s/ Thomas E. Sandell

Thomas E. Sandell