Habitat for Humanity of Lee, Hendry buys Majorca Palms Estates

BUYER: Majorca Palms LLC (Habitat for Humanity of Lee and Hendry Counties Inc.), North Fort Myers
SELLER: PNL New Era LLC
PROPERTY: a large portion of Palma De Nova Lane and Majorca Palms Drive, Fort Myers
PRICE: $3.47 million
PREVIOUS PRICE: $1.48 million, February 2011
LAW FIRM ON DEED: Vanessa N. Cohn Esq., Tampa

PLANS, DESCRIPTION: Habitat for Humanity of Lee and Hendry Counties Inc. purchased the partially developed Majorca Palms Estates property for $3.47 million.

The community features 60 completed duplex units and land for another 84 duplexes. Habitat for Humanity acquired the property with plans to convert the undeveloped land into 42 single-family home lots. The vast majority of the units are rented out to tenants.