Builder WCI Communities purchases Sarasota National

BUYER: WCI Communities LLC, Bonita Springs
SELLER: Sarasota National CDD Holdings LLC
PROPERTY: National Boulevard south of U.S. 41, Venice (also encompassing property on Copperleaf, Awabuki, Crooked Creek and IronBridge drives and Waverly Circle)
PRICE: $48.5 million
PREVIOUS PRICE: $7.79 million, March 2007 and $108.32 million, August 2005
LAW FIRM ON DEED: Akerman Senterfitt, Orlando

PLANS, DESCRIPTION: Bonita Springs-based developer and homebuilder WCI Communities, purchased the 2,400-acre Sarasota National golf course community in Venice for $48.52 million.

The price equated to $20,217 per acre.