Fort Lauderdale developer buys land for Estero Oaks apartments

BUYER: Estero Oaks Associates LLC (manager; Jonathan Gopman), Dania Beach
SELLER: Estero Three Oaks Partners LLC
PROPERTY: the northwest corner of Estero Parkway at Three Oaks Parkway, Fort Myers also known as tracts A, R, L and B-2 Estero Oaks
PRICE: $3.4 million
PREVIOUS PRICE: $17.6 million, June 2006 (includes additional property)
LAW FIRM ON DEED: Bolaños Truxton PA, Fort Myers

PLANS, DESCRIPTION:
Fort Lauderdale-based Royal Palm Cos. purchased 18.14 acres in the Estero Oaks mixed-use community for $3.4 million.

The price equated to $187,431 per acre.