West Bay Club community and golf course purchased by members, developer

BUYER: West Bay Hill LLC (principals: Gary Chensoff and Christopher Johnson), Naples
SELLER: West Bay Club Development Corp.
PROPERTY: various tracts West Bay Club, best known as 4500, 4600 and 4606 W. Bay Blvd., Estero
PRICE: $6 million
PREVIOUS PRICE: $9.41 million, August 1997

BUYER: The West Bay Golf Club Inc. (principals: Douglas Lambert, Linda Klang, Robert Hershan, Jeffry Ciongoli, Jeffrey Fitts and Norman Radow), Estero
SELLER: West Bay Club Development Corp.
PROPERTY: various tracts, West Bay Club
PRICE: $2 million
PREVIOUS PRICE: $9.41 million, August 1997
LAW FIRM ON DEED: Wells Gotshal & Manges LLP, Miami

PLANS, DESCRIPTION: Members of the West Bay Golf Club and homeowners of the West Bay Property Owners Association have purchased the West Bay Club community and the championship Pete & P.B. Dye Golf Course for $2 million.