Recent Real Estate Transactions in Florida: Key Highlights
Florida continues to see significant activity in its real estate market, with various high-profile sales across multiple counties. This overview highlights notable transactions, reflecting the dynamic nature of property purchases in the region.
Charlotte County
Charlotte County remains a quiet player in this round of transactions, with no notable sales reported recently.
Collier County Real Estate Deals
Major Sales
-
Citrus Groves Acquisition
- Buyer: Florida Power & Light Co.
- Seller: Turner Groves LP
- Address: 6061 State Road 82, Immokalee
- Property Type: Citrus Groves
- Sale Price: $40,565,900
-
Multifamily Units Sale
- Buyer: Naples 701 Owner LLC
- Seller: Naples SI LLC
- Address: 3531 Plantation Way, Naples
- Property Type: Multifamily Units
- Sale Price: $30,200,000
- Previous Price: $24,000,000 (October 2020)
- Hotel Purchase
- Buyer: Two Ten West LLC
- Seller: TICC Investments LLC and MCOD-Lemon Tree LLC
- Address: 250 9th St. S., Naples
- Property Type: Hotel
- Sale Price: $9,000,000
- Previous Price: $1,300,000 (July 2015)
Hillsborough County Highlights
Recent Noteworthy Sales
-
Pasture Land Sale
[link-whisper-related-posts]- Buyer: Hillsborough County
- Seller: McGrady Road Investment LLC
- Address: Wimauma
- Property Type: Pasture
- Sale Price: $27,072,500
- Previous Price: $4,500,000 (November 2014)
-
Apartment Units Acquisition
- Buyer: Uptown Villas 68-22 LLC
- Seller: Uptown Villas 22 LLC and Uptown Villas 68 LLC
- Address: 13812 N. 19th St., Tampa
- Property Type: Apartment Units
- Sale Price: $9,750,000
- Previous Price: $5,088,000 (July 2020)
- Mobile Home Park Transfer
- Buyer: Alafia MHP LLC
- Seller: Riverfront MHP LLC
- Address: 7801 Riverview Drive, Riverview
- Property Type: Mobile Home Park
- Sale Price: $7,402,500
- Previous Price: $3,797,500 (November 2015)
Lee County Transactions
Significant Sales
-
Vacant Land Deal
- Buyer: CRP/NRP Grand Bay Owner LLC
- Seller: Freeland FL Holdings LLC
- Address: Fort Myers
- Property Type: Vacant Land
- Sale Price: $8,500,000
-
Commercial Building Sale
- Buyer: 13320 Metro Parkway LLC
- Seller: iHeart Operations Inc.
- Address: 13320 Metro Parkway, Fort Myers
- Property Type: Commercial Building
- Sale Price: $4,425,000
- Previous Price: $1,250,000 (February 1998)
- Manufacturing Plant Acquisition
- Buyer: Best Supply Properties LLC
- Seller: JCT Mainline LLC
- Address: 8031 Mainline Parkway, Fort Myers
- Property Type: Manufacturing Plant
- Sale Price: $4,377,850
Manatee County Updates
High-value Purchases
-
Comprehensive Acquisition
- Buyer: Acorn AcquireCo LLC
- Seller: IMG Academy LLC
- Address: 5650 Bollettieri Blvd., Bradenton
- Property Type: School, Outdoor Recreation Land, and Vacant Land
- Sale Price: $244,920,000
-
Hotel Investment
- Buyer: Acorn AcquireCo LLC
- Seller: Academy Hotel LLC
- Address: 5450 Bollettieri Blvd., Bradenton
- Property Type: Hotel
- Sale Price: $44,500,000
- Condominium Units Sale
- Buyer: Acorn AcquireCo LLC
- Seller: Academy Park Villas LLC
- Address: 4704 54th Drive W., Bradenton
- Property Type: Condominium Units
- Sale Price: $19,312,800
Pasco County Land Sales
-
Residential Land Transactions
- Buyer: CRP/OZFL Autumn Palm Owner LLC
- Seller: Lennar Homes LLC
- Address: Zephyrhills
- Property Type: Residential Land
- Sale Price: $3,593,800
- Previous Price: $1,532,200 (October 2021)
- Additional Residential Parcel
- Buyer: CRP/OZFL Autumn Palm Owner LLC
- Seller: Lennar Homes LLC
- Address: Zephyrhills
- Property Type: Residential Land
- Sale Price: $1,866,700
- Previous Price: $1,532,200 (October 2021)
Pinellas County Sales
Prominent Hotel Transactions
-
Luxury Hotel Acquisition
- Buyer: MHH Clearwater 395 Holdings LLC
- Seller: NPCW LLC
- Address: 395 Coronado Drive, Clearwater
- Property Type: Hotel
- Sale Price: $58,300,000
- Previous Price: $8,800,000 (November 2018)
-
Another Hotel Purchase
- Buyer: MHH Clearwater 455 Holdings LLC
- Seller: NESC LLC
- Address: 455 East Shore Drive, Clearwater
- Property Type: Hotel
- Sale Price: $55,400,000
- Previous Price: $10,500,000 (August 2018)
- Retail Strip Acquisition
- Buyer: Clifford Series LLC
- Seller: Daytona Shores Hotels and Resorts LLC
- Address: 4045 Tyrone Blvd. N., St. Petersburg
- Property Type: Retail Strip Store
- Sale Price: $4,475,000
- Previous Price: $3,885,000 (March 2021)
Polk and Sarasota Counties
Recent Activity
Polk County reported no major sales, while Sarasota saw several key transactions:
-
Multifamily Units Purchase
- Buyer: RA2 – The Row Waterside LLC
- Seller: DD Waterside II LLC
- Address: 1410 Lakefront Drive, Sarasota
- Property Type: Multifamily Units
- Sale Price: $121,291,200
- Previous Price: $6,570,000 (December 2020)
-
Additional Multifamily Property
- Buyer: SFR V Tranche Borrower LLC
- Seller: DHIR – Tampa South 1 LLC
- Address: 3030 Intrepid Ave., Sarasota
- Property Type: Multifamily Units
- Sale Price: $16,837,900
- Units in Lakefront Development
- Buyer: RA2 – The Row Waterside LLC
- Seller: DD Waterside TH LLC
- Address: 1511 Lakefront Drive, Sarasota
- Property Type: Multifamily Units
- Sale Price: $13,708,900
- Previous Price: $472,500 (August 2020)
Conclusion
The Florida real estate market is vibrant, showcasing substantial transactions across different property types, from hotel sales to multifamily units. As the demand for real estate continues to grow, stakeholders can anticipate more shifts and developments in the market.
For more insights and updates on Florida’s real estate trends, stay connected with local market news and explore the latest reports on property values and investments.