LSI Companies, Inc. brokered a 441± acre vacant residential property known as Oak Creek and Chapel Creek, located at 7701 Bayshore Rd., North Fort Myers, FL for $24,693,000. The property was acquired by Pulte Home Company, LLC from Oak Creek Bayshore Florida, LLC, Chapel Light, LLC, and Light Real Estate, LLC. The transaction was brokered by Randy Thibaut, ALC, Justin Thibaut, CCIM, and William Rollins, CCIM, ALC of LSI Companies, Inc. Pulte will be developing Del Webb Oak Creek consisting of 821 homes starting at the mid $200’s.
Simultaneously, Pulte Home Company, LLC sold 28± acres of the property to Sage Communities 1, LLC, for $2,286,000. The transaction was brokered by Randy Thibaut, ALC and Justin Thibaut, CCIM of LSI Companies, Inc. Sage Communities is owned by Randy Thibaut who will be developing an active adult rental community with 184 residences.
About LSI Companies, Inc.
LSI Companies is Southwest Florida’s leading full-service real estate brokerage and development firm. The Company specializes in all aspects of site development, current market and valuation issues, acquisition and disposition services, due diligence evaluation, zoning and permitting, work-out projects, asset management, and appraisals. For additional information on the Company or its services, visit their website at www.lsicompanies.com or call (239) 489-4066.
“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”