Lennar Homes buys 96 lots in Copper Cove Preserve

BUYER: Lennar Homes LLC, Fort Myers

SELLER: Colonial Homes Inc.

PROPERTY: lots 32-37, 39-47, 50, 51, 55, 56, 58, 59, 78, 80, 85-87, 89, 95-103, 113, 115 and 116, Copper Cove Preserve, north of Championship Road between U.S. 41 and Collier Boulevard, Naples

PRICE: $2.83 million

LAW FIRM ON DEED: Henderson Franklin Starnes & Holt PA, Fort Myers

PLANS, DESCRIPTION: Miami-based homebuilder Lennar Corp. purchased 96 single-family home lots in the 137-lot Copper Cove Preserve community for $2.83 million.

The price equated to $29,445 per lot.

Randy Thibaut and William Rollins of Land Solutions represented the seller, Colonial Homes.

Lennar Homes previously purchased 24 lots in the community to sell new homes, according to Thibaut.

“They liked the location enough that they elected to purchase the entire community,” he says.

Thibaut attributed at least a portion of the success of the community to a general recovery in the residential real estate market.

The infrastructure for the community, including roadways and utilities, is already in place.