WCI Communities buys 150 lots in Links at Rosedale

BUYER: WCI Communities LLC (principals: WCI Communities Inc., Keith Bass, Russell Devendorf, Vivien Hastings, Paul Erhardt, John McGoldrick, Reinaldo Mesa, Christine Green, John Ferry, Richard Barber, Sheila Leith, Michael Wolf, Scott Bowles, Bot Bowles, Bob Radunz, Nicole Swartz and David Ivin), Bonita Springs
SELLER: Newton Developments Inc.
PROPERTY: a portion of land north of State Road 70 east of Interstate 75 near Lorraine Road legally known as lots 170-207, 209-221, 223-258, 260, 274-280, 282, 283, 292-298, 301, 301, 314-317 and lots 319-325, Rosedale Addition, phase II, Manatee County
PRICE: $7.39 million

SELLER: M/I Homes of Tampa LLC
PROPERTY: a portion of land north of State Road 70 east of Interstate 75 near Lorraine Road legally known as lots 52-54, 67, 69, 70, 73-76, 79, 83, 86-88, 90, 97-107, 115, 117-126, 135, 138, 139, 148-151, 344-349 and 355-359 Rosedale Addition, phase II, Manatee County
PRICE: $4.22 million
LAW FIRM ON DEED: Shutts & Bowen LLP, Tampa

PLANS, DESCRIPTION:
Bonita Springs-based developer and homebuilder WCI Communities purchased 150 home lots within Rosedale, a master-planned golf course community for $11.61 million.

The price equated to $77,406 per lot.

WCI purchased 93 home sites from Newton Developments Inc., the developer of Rosedale, and an additional 57 home sites from M/I Homes. All of the lots were located within The Links at Rosedale.

WCI will begin construction on new homes in August, including two furnished models: the Key Largo and the Martinique.

The homebuilder plans to start sales of its Grand Villa home series in October.