Coral Hospitality execs buy Fort Myers golf club

By Business Observer Staff
| 10:00 a.m. April 10, 2015
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: CH5-Eagle Ridge LLC (manager: Christopher Schaeffer), Naples
SELLER: Redus FL Properties LLC
PROPERTY: 14589 Eagle Ridge Drive, Fort Myers
PRICE: $1.87 million
PREVIOUS PRICE: $4.3 million, December 2005
LAW FIRM ON DEED: Shutts & Bowen LLP, Tampa

PLANS, DESCRIPTION:
Some of the members of the Coral Hospitality executive team purchased the 128.76-acre Eagle Ridge Golf Club for $1.87 million.

The price equated to $14,484 per acre.