Tanzanian developer Rofail buys Monterey Village Motel

BUYER: Tembo Enterprises LLC (Associated member: Elia Rofail), Sarasota
SELLER: Raul and Antonia Correa and Transito Maturana
PROPERTY: 2413 N. Tamiami Trail, Sarasota
PRICE: $1 million
PREVIOUS PRICE: $280,000, May 1984
LAW FIRM ON DEED: Ann S. Johnson PA, Sarasota

PLANS, DESCRIPTION: Tanzanian developer Elia Rofail purchased the 15-unit Monterey Village Motel and a single-family home for $1 million.

The price equated to $66,666 per unit, excluding the home.