Shearwater

Size:

1,500 Acres

Units:

2,600 Residential Units

280,000 square feet of commercial

12.5 Acre Resort Style Amenity Center

Buyer:

National Development Group

Seller:

Produce Farmer/Land Investor

Notes:

The Property was used by the Seller as a recreational property. The Seller received entitlements for a Development of Regional Impact. They had the property under contract to another development group who couldn't perform. They needed help procuring a new qualified buyer, maintaining existing entitlements and pursuing new entitlements that would grandfather them into a favorable situation with the Water Management District. The grandfathering permits netted them an additional $10,000,000.

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