PALM CITY, FL-The Martingale Estates project, which sits on 250 acres of land in the Southeastern corner of I-95 and Highway 714, has been sold. The project, which was developed into estate lots, was bought for $11 million in 2005.
Capstone Resdev, LLC foreclosed the Martingale Estates project in the beginning of this year and sold it for $2,400,000 to HM Property Investments, LLC. Nikolaus M. Schroth of NAI Southcoast represented the buyer in the deal. For the full story, go to Florida Real Estate Journal.
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