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Golden Gate Estates of Naples, FL & The Gulf American Land Corporation
Golden Gate is the buffer between what people come to Florida for today and what the pioneers came to Florida for over a century ago. Centered between these times arose the 2nd land boom. If you do nothing else, remember the names Julius "Jack" Rosen and his brother Leonard Rosen. Naples has two diverse types of wildlife. That of music, dining, dancing and that of swamp, alligator, panther, coyote and black bear. Your choice is simple in Collier County, head West for the former and East for the latter.
In the late 1950's Gulf American Land Corporation bought 175 square miles of swamp land. Paying about $100 per acre it was platted into 1.25 acre sites in 1960. During the next seven years they would sell you a lot for $30 down and $30 a month at 6.5% interest which netted the Rosen brothers about $900 an acre. There wee some minor expenses incurred such as 800 miles of road construction and 180 miles of canals had to be dug. The canals came first because in these days the majority of properties were in reality, underwater. Road construction was not as you would expect either. Essentially a limestone based shell rock ... more
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