Land Solutions, Inc. has successfully brokered the sale of about 690 undeveloped acres located on Bonita Beach Road formerly known as Bonita Beach Golf Club. The parcel is permitted for residential development. The $8M sale from RC Properties, LLC to BB Road, LLC also included 724 acres of off-site mitigation parcels located in Lee and [...]
Read the rest of this entry »The members of Shadow Wood Country Club and The Commons Club at The Brooks in Estero on Friday completed the purchase of their clubs’ assets for a combined $8.25 million, according to a statement released Friday by the Bonita Bay Group.
More than 90 percent of current members joined the new member-owned clubs under an agreement [...]
2009 was a turbulent time for real estate in Lee County, with home values drastically falling before stabilizing in the fall as buyers entered the market with a vengeance, drawn by fire-sale prices. Meanwhile, the commercial market — long seen as more solid than residential — started to show cracks late in the year as [...]
Read the rest of this entry »The Bonita Bay Club Turnover Committee and Bonita Bay Group today reached an agreement in principle for the members of the club to purchase the club assets for a total of $12 million, including contributions of $11.5 million from the members of the new club, according to a statement released today by the company.
Read the rest of this entry »The foreclosure rate in Lee County in November slowed to levels last seen more than two years ago as the real estate boom’s glut of heavily financed, inexpensive homes finally burns itself out.
But commercial properties and more expensive homes could fuel a new wave of foreclosures – perhaps not as many but at much higher [...]
Home resales rose more than 60 percent in October in Lee County.
Members of the Realtor Association of Greater Fort Myers and the Beach Inc. closed 63.6 percent more single-family homes last month than they did in October 2008. Nearly 70 percent of those transactions involved foreclosures or short sales – sales made for less than [...]
Bonita Bay’s top executive said the company will re-evaluate a decision to offer public access at Bonita Bay Club — its private, flagship community.
The developer’s decision last week to create a preview program where prospective members can enjoy full club access without making an equity purchase for the cost of dues only, met with heavy [...]
Bonita Bay Club isn’t so private or exclusive anymore.
A new preview program allows new members to join the club without paying any initiation fees. They don’t have to live behind the gates of Bonita Bay, one of the most well-known golf communities in Southwest Florida.
“Now it’s open to anyone for nothing,” said Bonita Bay resident [...]
Naples News
A deal for members to buy the Shadow Wood and Commons clubs is in the hole.
Or so it appears.
After calling off an agreement to buy their golf and social clubs in The Brooks in early September from their developer, members have negotiated a new deal that could lead them to victory.
On Monday, Bonita Bay [...]
Bonita Bay Group has reached an agreement in principle for the members of the Shadow Wood Country Club and The Brooks Commons Club to purchase the clubs’ combined assets for $8.25 million in cash, Bonita Bay announced today.
The tentative agreement is with the Shadow Wood Country Club Member Board and The Brooks Commons Club Transition [...]
