Colonial Lakes – Fort Myers, FL 33966

Colonial Lakes – Fort Myers, FL 33966

Neal Communities buys land for Colonial Lakes on Winkler!!!

BUYER: NC Naples 132 LLC (principals: Neal Communities of Southwest Florida LLC, Michael Storey, James Schier and Priscilla Heim), Lakewood Ranch
SELLER: Toll Ft. Myers Limited Partnership
PROPERTY: 4781 Winkler Ave., Fort Myers
PRICE: $9.2 million
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

The property contains the partially developed community Colonial Lakes. Previous developer Toll Brothers started construction on the community around 2006, but work stopped shortly thereafter. The entryway, landscaping and some home lots are already developed. It is zoned for 297 homes.

The homebuilder plans to complete the infrastructure and develop the community in mixture of single-family and paired villa homes. Neal Communities also expects to create an amenity center with a pool, spa, tennis and fitness center. Community and model home construction should start in late summer for an early 2014 opening.

“This community represents another homerun for Neal Communities in Southwest Florida,” said Michael Greenberg, the company’s vice president in Lee and Collier counties. “We are excited to present a vibrant community that appeals to a variety of people including young professionals, families and empty nesters.  Plans include an incredible amenity center with a pool, spa, tennis and fitness center. Neal Communities will offer residents a collection of their most popular award-winning floorplans including paired villas and single-family homes.

“It’s really an exciting time for us,” says Michael Greenberg, the company’s vice president in Lee and Collier counties, in an email to the Business Observer. “We are launching Villa Palmeras, a paired villa community in Estero this coming week and in the last two months we have acquired four new properties in Lee and Collier counties.”

“Located seven miles from downtown Fort Myers, Colonial Lakes is an ideal location for access to the beaches of the Gulf of Mexico and waterways of the Caloosahatchee,” Greenberg continued. “Homeowners will be near schools, shopping, dining, entertainment, and Southwest Florida International Airport is only 12 miles away,” said Greenberg.

Neal Communities mortgaged the property to the seller, Toll Ft. Myers Limited Partnership, for $7.2 million.

Home building is starting now with completion dates in 2014.  Contact me with more questions and info.

Realtor® | SWFL Region
The PELL Team Leader
239.292.9404 (c)
“Buy or Sell…Think Pell!” ™

Posted on October 24, 2013, in Real Estate and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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