WCI Communities pays $32.5M for land near Calusa Pines Golf Club

WCI Communities pays $32.5M for land near Calusa Pines Golf Club

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: Calusa Pines Golf Club LLC
PROPERTY: 1980 Calusa Pines Drive, 2254 Ridge Road and 2725 Sundance St., Naples
PRICE: $32.5 million
PREVIOUS PRICE: $720,000, March 1999, $600,000, January 2007 and $462,800 and $400,000, September 1998
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples

PLANS, DESCRIPTION:
Bonita Springs-based WCI Communities Inc. purchased about 205 acres adjacent to Calusa Pines Golf Club for $32.5 million.

The price equated to $158,537 per acre.

The residential company acquired the property to create a master-planned development on the site, according to Laura Vandermillen Johnston, the company's vice president of marketing.

She says the homebuilder/developer is currently in the planning process for the community.

Calusa Pines Golf Club is a private 18-hole golf course designed by Michael Hurdzan and Dana Fry.