Lennar Homes buys Gran Paradiso, plans future development

BUYER: Lennar Homes LLC, Fort Myers
SELLER: Gran Paradiso I LLC and Gran Paradiso II LLC
PROPERTY: most of the Gran Paradiso infrastructure and phase I, (main address of entryway 7001 S. Tamiami Trail, Venice)
PRICE: $26.59 million

SELLER: Lee Wetherington Development LLC
PROPERTY: lots 63-74, 76-106, 108-110, 113, 115-120, 224-228, 230-269, 272-274, 276-338, Gran Paradiso, phase I, Venice
PRICE: $3.99 million

PLANS, DESCRIPTION: Miami-based national homebuilder Lennar Homes purchased 1,032 acres of the Gran Paradiso master-planned community for $30.58 million.