$42.5 million - Oyster Harbor

Taylor Morrison Home Corp. purchased land in Naples' Fiddler's Creek for the development of the new 1,000-home residential community, Oyster Harbor.

LOCATION: 15000 Tamiami Trail E., 9128 Fiddlers Creek Parkway and additional land, Naples
PURCHASE DATE: July 1
PREVIOUS PRICES: $3 million, October 1996 and $2.25 million, October 1997 and $1.69 million, October 1999

DETAILS: In the largest land sale in Fiddler's Creek, the national homebuilder purchased land and created its own community within the prominent master-planned development. Taylor Morrison will be the exclusive builder within this section of Fiddler's Creek.