In fact, Lake County real estate department staffers tell GlobeSt.com, Yizhak Toledano, a principal in Toledano Holdings, Hollywood, FL, is just a name and a checkbook to them at this time.
Toledano was the only write-in bidder for the vandalized 176-unit property. His bid: $350,000. The sale is scheduled to close in June. The price equates to $70,000 per acre or $1.60 per sf.
The property was appraised at $500,000 in 1999, according to the South Lake Chamber of Commerce. Renovation costs were put at $1 million.
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