Family behind The Villages buys Boca Grande estate for $21M

A trust connected to the family that developed The Villages retirement community in central Florida has bought a waterfront estate on Boca Grande for $21 million. 

The beachfront home in the small community on Gasparilla Island, in Lee County, features over an acre of Gulf-front property, according to a statement from Michael Saunders & Co. Carol Stewart, a Realtor with MS&C, represented both the buyer and seller in the transaction.

The firm didn’t disclose the name of the buyer.