Lakewood Ranch homebuilder buys 345 acres in Lee County

Naples/Fort Myers

Home land: Prolific Lakewood Ranch homebuilder Neal Communities has bought 345 acres of land in Alva, Lee County. The property, 12850 N. River Road and 17900 and 18420 Owl Creek Drive, is about five miles from Interstate 75 and just outside Fort Myers. According to CRE Consultants, which negotiated the sale, Neal paid $5.5 million for the land. Neal Communities officials did not respond to an email seeking information on its plans for the property, but according to a listing on LoopNet the property, partly on the Caloosahatchee River and Owl Creek, is approved for 380 units.

Garage sale: A 4,697-square-foot mechanics shop in Fort Myers has sold. The property at 2466 Lafayette St. brought $451,500. The sellers were Rafael and Gloria Castillo and the property was the site of Castillo Auto Repair of Lee County. Multiple calls to the shop were unreturned and the agent representing the buyer, Clarissa Engelhard of Weichert Realtors Agency One, did not respond to a request for comment. The buyer was Jacy T. Engelhard, according to CRE Consultants, which represented the Castillos.