FORT MYERS, FL-Gulf Coast Special Assets, LLC has bought 82 bank-owned units of the 92-unit Palms at Waters Edge condominium community in North Fort Myers for $4.3 million.
Colliers International Tampa Bay was handling the sale of the properties on behalf of the lender, Wachovia Bank and the owner, Redus Florida Condos, LLC. The community had attracted several cash tenders during the 21-day contract period. For the full story, go to Florida Real Estate Journal.
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