According to the Lee County Clerk of Court Official Records, Channelside Apartments sold on August 1st, 2019 for a record $65,200,000.
Buyer: Riverside Sunshine Investments, a Delaware Registered LLC
Seller: Channelside Apartments LLC
Address and link to Lee County Property Appraiser:
15241-330 BALLAST POINT DR
Fort Myers, FL
2019 Purchase Price: $65,200,000
2019 Per door price: $200,615
2016 Purchase price: $55,000,000
2016 Per door price: Approximately $170,000
The raw land price for this site, which was owned-developed by McGregor 325 LLC was $4,500,000.
The approximate price for the construction of the rental community was $26,000,000. The general contractor was Brooks & Freund.
Information sources: Lee County Clerk of Court, Lee County Property Appraiser.
Research completed by: Paige Rausch