Large land deals may pause

A pair of $30 million-plus land deals in the Naples area recently have highlighted the health of the Collier County real estate market, but the broker involved in both transactions predicts another mega-sale won't happen again regionally anytime soon.

Randy Thibaut, the broker and CEO at Fort Myers-based Land Solutions Inc., who sold the tracts with William Rollins and Doug Meschko to a partnership led by investor Jeff Greene and London Bay Homes, respectively, called the deals “rare.”

In May, a Greene-led partnership called 27th/Pico Boulevard Ltd. Partnership acquired 2,576 acres in North Naples for $38.5 million, and last month, London Bay Homes spent $33.7 million to buy 55 acres adjacent to the Naples Grande Golf Club, at 7540 Golden Gate Parkway.