The Ronto Group purchased the property, located two miles east of Interstate 75 on the south side of Bonita Beach Road in both Lee and Collier counties, from Dewey Garguilo and Michael Procacci for $42 million. Rich Sommerville of Coldwell Banker Commercial NRT Inc.'s Naples office brokered the transaction.
Plans for the land include an approximately 500-unit townhouse project, retail, convenience stores, office space and upscale residential units.
Rounding out the top 5 deals were, in order: the Colonial Golf and Country Club, Habitat Lakes LLC, Cypress Woods Golf and Country Club, and Moody Ranch.
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