Taylor Morrison, Fiddler Creek partner on 1,000-home Oyster Harbor

BUYER: FC Oyster Harbor LLC (manager: Aubrey Ferrao), Sarasota
SELLER: FCC Preserve LLC
PROPERTY: 15000 Tamiami Trail E., 9128 Fiddlers Creek Parkway and additional land, Naples
PRICE: $42.5 million
PREVIOUS PRICE: $3 million, October 1996 and $2.25 million, October 1997 and $1.69 million, October 1999
LAW FIRM ON DEED: Woodward Pires & Lombardo PA, Naples

PLANS, DESCRIPTION:
Fiddler's Creek in Naples has announced it entered into a joint venture with national homebuilder Taylor Morrison Home Corp. for the development of the new 1,000-home residential community, Oyster Harbor.

“This transaction represents the single-largest land sale within Fiddler's Creek to date,” Aubrey Ferrao, managing member of Fiddler's Creek Community LLC, says in a press release.

Taylor Morrison is an existing homebuilder within Fiddler's Creek. Earlier this year, the builder acquired 16 remaining single-family home sites in the village of Amador and 54 single-family home sites in the village of Mussorie. The first two model homes recently opened in Amador.

Taylor Morrison will be the exclusive builder within the Oyster Harbor community at Fiddler's Creek.

Fiddler's Creek officials had not responded to a request for additional detail as of deadline.