This week, Florida’s real estate scene buzzed with intriguing high-value transactions spread across several counties. Let’s dive straight into the highlights, showcasing major property deals that caught the market’s attention.
In Charlotte, two significant transactions were recorded. 517 Tamiami Trail exchanged hands for $2,097,000, transitioning ownership from Bimmel LLC to 517 Tamiami Trail LLC. Then, a retail store on 590 Tamiami Trail changed ownership from North Port Cumberland Inc. to Mark A. Radcliffe, fetching a price tag of $1,185,000, marking an appreciated jump from its previous price of $340,000 in November 2013.
Moving to Collier, Concert Everglades LLC acquired a golf course at 8835 Vanderbilt Beach Road in Naples for a hefty $17,150,000. Another notable deal involved Lennar Homes LLC purchasing vacant land in Naples for $4,352,900 from KLLB AIV LLC, alongside KAB Real Property Holdings LLC grabbing a commercial condominium on Pine Ridge Road for $1,632,907.
Hillsborough saw some of the week’s largest transactions. CW-Berry Bay LLC secured agricultural land in Wimauma for $32,344,300, while Balcones Recycling Inc. invested $10,800,000 in vacant commercial land on Dover St., Tampa. Not far behind was Two Palms Property Owner LLC’s acquisition of land on Princess Palm Ave., Tampa, for $8,000,000.
Lee County was not left out, with the City of Cape Coral purchasing parkland on Palm Tree Blvd. for $10,400,000, an impressive increase from its February 2006 value of $4,000,000. Driven Brands Inc. bought a warehouse on Nichols Parkway for $4,400,000, while Lee County expanded its holdings with a $4,000,000 purchase of vacant commercial land on Alico Road.
In Manatee, GForce Media LLC’s warehouse acquisition on Whitfield Industrial Way, Sarasota, stood out at $7,000,000. Another noteworthy sale was Lennar Homes LLC’s purchase of vacant land in Bradenton for $1,163,800 from DRP FL 6 LLC.
Meanwhile, in Pasco, D.R. Horton Inc. secured vacant land in Land O Lakes for $6,358,800, highlighting ongoing interest in the region’s development.
Pinellas saw Mirror Lake Reflection LLC acquiring a warehouse on Fairfield Ave., St. Petersburg, for $6,182,000, reflecting a value increase from $4,088,000 in February 2023. A significant neighborhood shopping center changed hands as Store Master Funding III LLC bought property on 54th Ave. S., St. Petersburg, for $3,913,000.
Over in Polk, PGP Winter Haven 1 LLC took a medical office building on Cypress Gardens Blvd. for $10,300,000, an increase from its January 2015 price of $8,500,000. M/I Homes of Tampa LLC’s purchase of vacant land in Lakeland for $4,634,300 added to the busy week’s tallies.
Last but not least, Sarasota showcased two prominent deals. Sarasota County bought expansive citrus groves on State Road 72 for $19,000,000, while HP Capital Group 4 LLC acquired vacant commercial land on N. Beneva Road for $4,200,000.
All in all, these transactions demonstrate a bustling real estate atmosphere throughout Florida, with investments spanning various types of properties, from agricultural lands to commercial spaces. The diversity and volume of these deals reflect the dynamic nature of the real estate market in this region, highlighting both growth and development.
Source: Businessobserverfl
