-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VsNMG+KGC9GF99t6Ac0qgH14CoA21GMX7hBDVrm5xLBNEOyDbxNjzdGzoUWbxHxK
 XpMlyInPSWSFPN6wUQjdMw==

<SEC-DOCUMENT>0001454251-09-000001.txt : 20090722
<SEC-HEADER>0001454251-09-000001.hdr.sgml : 20090722
<ACCEPTANCE-DATETIME>20090722094017
ACCESSION NUMBER:		0001454251-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090722
DATE AS OF CHANGE:		20090722
EFFECTIVENESS DATE:		20090722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gemini Opportunity Fund III, LLC
		CENTRAL INDEX KEY:			0001454251
		IRS NUMBER:				264047582
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132984
		FILM NUMBER:		09956239

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE SOUTH
		STREET 2:		SUITE 1305
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
		BUSINESS PHONE:		212-871-6283

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE SOUTH
		STREET 2:		SUITE 1305
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001454251</cik>
        <entityName>Gemini Opportunity Fund III, LLC</entityName>
        <issuerAddress>
            <street1>200 PARK AVENUE SOUTH</street1>
            <street2>SUITE 1305</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10003</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-871-6283</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>T.</middleName>
                <lastName>Obeid</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>200 Park Avenue South</street1>
                <street2>Suite 1305</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10003</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dante</firstName>
                <middleName>A.</middleName>
                <lastName>Massaro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>200 Park Avenue South</street1>
                <street2>Suite 1305</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10003</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <middleName>F.</middleName>
                <lastName>LaMack</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>200 Park Avenue South</street1>
                <street2>Suite 1305</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10003</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Limited Liability Company Membership Interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Choice Investments</recipientName>
                <recipientCRDNumber>17665</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4800 Bee Cave Road</street1>
                    <street2></street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>78746</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>EDI Financial</recipientName>
                <recipientCRDNumber>15699</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12221 Merit Drive</street1>
                    <street2>Suite 1020</street2>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75251</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Girard Securities</recipientName>
                <recipientCRDNumber>18697</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>9560 Waples Street</street1>
                    <street2>Suite B</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92121</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>MCL Financial</recipientName>
                <recipientCRDNumber>41180</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1551 North Tustin Avenue</street1>
                    <street2>Suite 960</street2>
                    <city>Santa Ana</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92705</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>National Securities</recipientName>
                <recipientCRDNumber>7569</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1001 Fourth Avenue</street1>
                    <street2>Suite 2200</street2>
                    <city>Seattle</city>
                    <stateOrCountry>WA</stateOrCountry>
                    <zipCode>98154</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Professional Asset Management</recipientName>
                <recipientCRDNumber>21125</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>36700 Woodward Avenue</street1>
                    <street2>Suite 200</street2>
                    <city>Bloomfield Hills</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48304</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Alternative Wealth Strategies</recipientName>
                <recipientCRDNumber>130933</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1040 N. Kings Highway</street1>
                    <street2>Suite 405</street2>
                    <city>Cherry Hill</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <zipCode>08034</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>35000000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>35000000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>2450000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Estimated sales commissions to be paid based on total offering amount.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Gemini Opportunity Fund III, LLC</issuerName>
                <signatureName>William T. Obeid</signatureName>
                <nameOfSigner>William T. Obeid</nameOfSigner>
                <signatureTitle>President of Gemini Real Estate Advisors, LLC, the Manager</signatureTitle>
                <signatureDate>2009-07-22</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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