Investor group purchases remaining inventory of homes in Coral Lakes; 116 residential units now offered in liquidation sale
Universal Venture Fund LLC, a company controlled by Private Equity Group LLC, has purchased 116 homes in Coral Lakes in Cape Coral from Tousa Homes Florida. The Hollywood, Fla.-based Tousa marketed the community under the name Engle Homes. Universal Venture purchased the 82 single-family homes and 34 attached villa homes March 18, for $13.5 million.
OJ Buigas, manager of Private Equity Group, is now selling the homes in a liquidation sale managed by local residential Realtor Denny Grimes. The sale offers immediate occupancy on a variety of homes. Townhomes range in size from 1,120 to 1,386 square feet and single-family homes range from 1,561 to 2,486 square feet. Prices start at $86,900.
Engle Homes will offer a warranty on the homes for a period of one-year from date of purchase, and a 10-year warranty on the structure of the home. On-site financing is available and closings will occur within 30 days.
Coral Lakes, a private, controlled-access community of single-family homes and townhomes is located on more than 72 acres of lakes and preserves in a park-like setting off Del Prado Boulevard in northeast Cape Coral.
The community sales center is located at 3102 Del Prado Blvd. North and is open daily from 10 a.m. to 6 p.m. For a complete listing of available homes visit www.DennysPicks.com or call (239) 772-4400.