February 12, 2024 – Travis Jones of Horvath & Tremblay has arranged the sale of a spliced condominium interest, forty-eight (48) units, within Mystic Gardens, a residential community in Fort Myers, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,658,059.
The condominium interest is comprised of forty-eight (48) multi-family units located within Mystic Gardens, a residential community located at 5301 Summerlin Road in Fort Myers, Florida. The condominium interest has a unit mix consisting of fifteen (15) One-Bedroom/One-Bathroom units and thirty-three (33) Two-Bedroom/One-Bathroom units. The Property features direct entry units and private patios or balconies as well as in-unit washers and dryers. The well-maintained and professionally managed gated community includes an in-ground swimming pool, a tennis court, a fitness center, playground, and a bbq/picnic area. The Property is situated along Summerlin Road which provides convenient access to Colonial Boulevard (SR 884), McGregor Boulevard (SR 867), and Cleveland Avenue (US Route 41), the area’s primary commercial and commuter corridor. Mystic Gardens is also close to Interstate 75 and is approximately 5-miles from downtown Fort Myers and Cape Coral and 10-miles from the Fort Myers beaches. Fort Myers’ downtown features a plethora of employment, shopping, and entertainment opportunities.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.