Neal Communities of Southwest Florida buys Border Road land for Villages of Milano

By Business Observer Staff
| 9:52 a.m. January 10, 2014
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Commercial Real Estate

BUYER: Neal Communities of Southwest Florida LLC, Lakewood Ranch
SELLER: CNLBank
PROPERTY: 2662 Border Road and additional land on Border Road, Nokomis
PRICE: $12 million
PREVIOUS PRICE: $15.95 million, October 2005
LAW FIRM ON DEED: Lightsey & Associates PA, Winter Park

PLANS, DESCRIPTION: Neal Communities of Southwest Florida purchased 400 acres between Laurel and Boarder roads for $12 million.

The price equated to $30,000 per acre.