A weekly roundup of local real estate deals.
Freedom Boat Club acquisition
The Venice-based Freedom Boat Club announced earlier this week that it has acquired the Freedom Boat Club of Tampa Bay franchise operation and territory – the largest territory in the Freedom network, according to a news release.
This acquisition includes all 30 current Tampa Bay-based locations and the rights to expand and build new club locations throughout the territory. The acquisition will also establish two adjacent corporate-owned club territories with over 50 locations spanning from Crystal River to Marco Island, the release read.
This week, several Pinellas County properties were acquired through the acquisition.
Under the entity Freedom Marine Sales LLC, the LLC purchased several properties in Tarpon Springs that were owned by Glenn Bergoffen, the former owner of the Freedom Boat Club of Tampa Bay.
The properties include vacant land on Island Avenue, an open storage facility at 1444 Rainville Road and the Freedom Boat Club Tarpon Springs location at 1844 N. Pinellas Ave. The combined transactions bring the total purchase to $6.1 million.
St. Pete publisher sells Belleair estate
The co-founder of a St. Pete publishing company has sold his home to a famous race car driver.
Tom duPont of duPont Publishing, which operates as the duPont Registry serving the luxury automotive marketplace, and his wife Ruth sold their Belleair estate in a $5.3 million deal.
The 5,296-square-foot home at 430 Saint Andrews Dr. was sold to Nigel Mansell and his wife Roseanne. Mansell is a well-known racing driver who won the Formula One World Championship and the CART Indy Car World Series, according to his biography.
The five-bedroom, four-and-a-half-bathroom home was built in 1989.
The listing does not include many details, but it states the waterfront property has a pool and a dock with two lifts nestled in a protected cove off the Intracoastal Waterway.
The property was last sold in 1987 for $379,900. It was listed in February with an asking price of $5.4 million.
Martha Thorn with Coldwell Banker Realty represented the sellers and buyers for the transaction of the estate.
Thorn did not provide any comments regarding the sale and the sellers’ reason for listing the home. However, the publishing company duPont co-founded was acquired last year by the Motorsport Network.
Firm scoops up local nursing facilities for $60 million
The Propco LLC, an entity that has been associated with the New Jersey-based The Portopiccolo Group, has bought several large nursing home facilities in the county.
The properties the entity purchased are owned by Scheiner Holdings LLC and are located in Pinellas Park, the Gateway, Harbourwood and Laurellwood.
Propco LLC purchased the Pinellas Park, the Gateway and Harbourwood properties for $18 million, respectively, totaling $54 million. The Laurellwood property was purchased for $9 million.
The exact information on the properties was not available, with the exception of the LaurellWood Care Center property at 3127 57th Ave. N. in St. Petersburg.
The center offers sub-acute medical care, rehabilitation services and 24-hour skilled nursing care.
Representatives at The Portopiccolo Group were not available for comment. The firm is a family-owned investment management firm that typically purchases properties under Propco LLC.
Under that entity, the group had previously acquired the Jacaranda Manor nursing home at 4250 66th St. N. in St. Petersburg.
Magnuson hotel sells
Pennsylvania-based Willner Realty and Development Co., under the WRD LLC entity name, purchased the 18-acre waterfront resort at 6800 Sunshine Skyway Lane S. and several adjacent parcels, totaling over $17 million in transactions, according to property records.
The St. Pete properties purchased include the actual resort, the private 32-boat slip marina behind the property, the tennis/shuffleboard courts and a vacant triangular property located on the corner of the Sunshine Skyway Lane S. and Pinellas Point Drive S.
The hotel offers a small private beach, two pools and two on-site restaurants: Periscopes and the Banyan Tree Deli.
Estate sells for $10.7 million
A Redington Beach estate undergoing construction has sold for $10.7 million in an all-cash deal.
Thomas K. Brown sold the 8,500-square-foot estate that’s getting built at 5802 Gulf Blvd. to the Lisa Ann Gomes Trustee and the Wood Family Property Trust entities.
Coldwell Banker Residential Real Estate agent Jennifer Zales represented the buyer in the transaction. Michelle Fitz-Randolph, who is also with Coldwell Banker, represented the seller.
Brown paid $1.75 million for the waterfront property in 2016.
The Fechtel Co. of Tampa is building the two-story home that will have six bedrooms and seven-and-a-half bathrooms.
Although it’s still under construction, the listing states the home will have an elevator, wood cabinets, stone counters, a wet bar and an outdoor pool.