Boca Raton developer buys, restarting Portofino Springs Townhomes

BUYER: Portofino Springs Townhomes LLC (principals: Jeffrey E. Sobel Revocable Living Trust and Samuel R. Sobel Revocable Living Trust), Boca Raton
SELLER: Beach Park Investments LLC
PROPERTY: south of Park Royal Drive and east of Bass Road, Fort Myers
PRICE: $6.7 million
PREVIOUS PRICE: $6.11 million, August 2005
LAW FIRM ON DEED: Greenberg Traurig PA, Miami

PLANS, DESCRIPTION: Boca Raton-based Sobel Co. purchased the 17-acre Portofino Springs Townhomes property for $6.7 million.

The price equated to $394,832 per acre.