Investors acquire waterfront neighborhood for $6.35 million

Partnership looks to change the model in a sought-after location.

By Business Observer Staff
| 12:21 p.m. July 18, 2021
| 0 Free Articles Remaining!

News

In a destination such as Siesta Key, it’s not uncommon for homes to fly off the market. What’s rare is the sale of an entire neighborhood.

But that’s exactly what happened when a few local investors purchased the last undeveloped gated community on Siesta Key. Coronas Park LLC, through the Ware Group, purchased the Coronas Park neighborhood, on Bochi Circle just off Ocean Boulevard and Givens Street, for $6.35 million.