The developer, The Ginn Co. of Celebration, FL, sold all 88units in the project's first phase for $484,000 to $675,000 perunit, producing a total sale of $48 million. Another $5.2 millioncame from individual lot sales.
"The demand for these condominiums at Yacht Harbor Village wastruly remarkable, even for our industry," says Jim Matoska,executive vice president of Ginn Real Estate Co. "Many factorsinfluenced our customers, including the fact that this is the firstnew marina to be built on the Intracoastal Waterway in more thantwo decades."
Construction of the 200-slip marina is expected to be completedin early 2005.
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