The developer, The Ginn Co. of Celebration, FL, sold all 88 units in the project's first phase for $484,000 to $675,000 per unit, producing a total sale of $48 million. Another $5.2 million came from individual lot sales.
"The demand for these condominiums at Yacht Harbor Village was truly remarkable, even for our industry," says Jim Matoska, executive vice president of Ginn Real Estate Co. "Many factors influenced our customers, including the fact that this is the first new marina to be built on the Intracoastal Waterway in more than two decades."
Construction of the 200-slip marina is expected to be completed in early 2005.
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