Resort and marina company buys Ashley Oaks Resort Motel

BUYER: Tip Top Isles Resort and Marina LLC (principals: John Russo and Nancy Mayher), Fort Myers Beach

SELLER: BHDA Venture Associates a dissolved partnership, and Daniel Laflamme

PROPERTY: 17863 San Carlos Blvd., Fort Myers Beach

PRICE: $634,511

PREVIOUS PRICE $800,000, July 1998

LAW FIRM ON DEED: Alvarez Sambol & Winthrop PA, Bonita Springs

PLANS, DESCRIPTION: Tip Top Isles Resort and Marina purchased the 24-unit Ashley Oaks Resort Motel for $634,511.

The price equated to $26,438 per unit.

The 14,410-square-foot, two-story motel was constructed in 1979. The property includes two buildings with 12 single rooms, eight double rooms and four efficiencies. It also features a pool and spa and 20 boat slips with access to the gulf.

John Russo and Nancy Mayher manage Fort Myers Beach-based Tip Top Isles Resort and Marina LLC. They couldn't be reached for comment.