Sunday, May 25, 2008

Overseas investors buy Tuscany Reserve from WCI

WCI designed Tuscany Reserve as its most exclusive golf course haven and expected to sell a limited number of homes for $2 million to $5 million, with golf membership in the range of $200,000. But it never really took off.

In the last year, WCI has repositioned the community, offering homes for less than $1 million.

There is an inventory of three homes, two condominiums and a villa. Most of the community has yet to be developed. It’s permitted for 530 homes and only about 30 have been built, Filthaut said.

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Tuscany Real Estate

Tuscany Real Estate