California's Carolyn Artis Trust buys Homes of Fountainview

BUYER: Fountain View Estates LLC (The Carolyn Artis Trust), Encino, Calif.
SELLER: Fountainview Estates Tampa Ltd.
PROPERTY: 9092 Sheldon Road also known as 8800 N. Sheldon Road, Tampa
PRICE: $34.89 million

PREVIOUS PRICE: $2.1 million, September 1979
LAW FIRM ON DEED: Johnson Pope Bokor Ruppel & Burns LLP, Clearwater

PLANS, DESCRIPTION:
The Carolyn Artis Trust of Encino, Calif., purchased The Homes of Fountainview mobile home park for $34.89 million.

The price equated to $63,777 per home lot, or $474,120 per acre.

The 73.58-acre mobile home park backs up to the Upper Tampa Bay Trail and has 547 home lots. The gated community features tennis, bocce ball and shuffleboard courts, two swimming pools, an exercise and rehearsal room, laundromat and two clubhouses. The community is age restricted allowing only residents 55 and older.

The property features four built-in-place structures: the two clubhouses, a 266-square-foot office building and a 2,400-square-foot prefabricated metal building.

The Carolyn Artis Trust is an active mobile home owner investor nationwide. Cal Am Properties Inc. manages all of the trust's properties.