Magnolia Landing (CFM) - SOLD
Lee County
Overview
The Magnolia Landing project is located in North Fort Myers/Lee County, just south of the Charlotte County border, west of I-75, approximately 10 miles northwest of downtown Ft. Myers.
The project originally consisted of Phase 1 – Herons Glen, a successful, active adult community just to the North of CFM, and Phase II – CFM/Magnolia Landing. Internal connections between the two original phases of the project have been subsequently severed and Magnolia Landing is now a stand-alone community, but is part of the overall Herons Glen Development of Regional Impact (DRI). The project includes an 18-hole golf course, Clubhouse, and fitness facility with lap pool. There are approximately 500 developed lots and 800 entitled future and partially developed single-family and multi-family lots remaining.
LREA is the owner of the remaining 800 units and is currently entertaining bids for the property. Bond debt remains in place and can be utilized as a source of financing.
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Contact Us
For more information about this property contact Chip Jones at Lerner
Real Estate Advisors
Ph: (813) 898-0288
Email: cjones@lerneradvisors.com
