Category: Recent Transactions

A 9-acre RV park in Largo has sold in a $10.5 million deal to a new operator. PJ Davis Inc. sold the Indian Rocks Travel Park, located at 12121 Vonn Road, to Beach House RV Resort LLC. The buying LLC entity is connected to Edward Zeman, a Chairman of Chicago-based real estate company Zeman Homes. The full-service RV community is located in a mixed residential area two miles from Indian Rocks Beach. According to its website, the park has 175 sites and provides propane services, an electric amp, storage during…

A Dallas-based firm is the new owner of a Recreational Vehicle park in Deerfield Beach, amid an uptick in redevelopment of South Florida RV and mobile home complexes. Carter + Co., led by Clayton Carter, paid $24.1 million for the Highland Pines RV Resort at 875 Northeast 48th Street from an affiliate of Irving, Texas-based Moore Enterprises, according to records and real estate database Vizzda. The selling entity also has ties to Gerald Norman, Kenneth Malamed and Alan Lipman. Carter took out a $19.2 million mortgage on the property, as…

Commercial Real Estate Star, a leading institutional investment company, continues its mission to provide safe and affordable housing communities for residents near major metroplexes in Texas. As part of our commitment to enhancing the quality of life for workers and retired individuals, we are thrilled to announce the acquisition of “Mineola RV Park” located at 1359 US-80, Mineola, TX 75773. This strategic investment marks another milestone in our ongoing efforts to safeguard affordable housing options within Texas communities. We believe in the long-term value of RV parks and are dedicated…

The largest available piece of Fort Myers Beach real estate sold for $52 million, almost one year after it was devastated by Hurricane Ian. Red Coconut RV Park, which had operated under continuous ownership at 3001 Estero Blvd., from February 1984 until Sept. 28, 2022, changed hands. The deal closed Tuesday morning, the buyer and seller confirmed. South Fort Myers-based Seagate Development Group acquired the almost 10-acre, beachfront property—enough land for about 7.5 football fields—that had belonged to the Myers family. Seagate is waiting to discuss its plans for the…

Village officials are weighing whether it would be prudent to get out of the campground business. Village President Chuck Smith said the 95-lot Prairie Pines Campground — given to the village by the Air Force after Chanute Air Force Base closed — is profitable. It might be preferable, however, for the facility to be privately owned and operated, he said. Parks and Recreation Director Luke Humphrey said the village is trying to gain as much information on the campground as it can, knowing it has “significant infrastructure needs.” “We are…

Gulf Breeze Resort, an RV park located on County Road 6 in Gulf Shores, has sold to a real estate development firm from Dallas. RREAF Holdings LLC acquired five RV parks in Alabama, Florida and Texas for $157 million, the company said Wednesday. They did not disclose the amount paid for each location. The resort communities include: Mobile West, Theodore, AL Gulf Breeze, Gulf Shores, AL Bay Palms, Coden, AL Lavendel Resort, Fredericksburg Wildwood, Wildwood, FL The Dallas-based real estate development firm is making a massive investment in RV properties.…

SVN Safe Haven Advisors is pleased to announce it has advised the owner of Paradise Point Marina and RV Park on the sale of its marina, restaurant and RV Park located on Lay Lake in Columbiana, AL. The acquirer of the property is the Paradise Point Marine Group, LLC, which brings years of experience in the marine and hospitality industries. The recent sale highlights the ongoing demand from investors for marina investments across the country, both in stabilized assets and those with value-add potential. Ownership had a vision to create…

The Teton County Board of County Commissioners, Jackson Town Council and Jackson/Teton County Housing Authority announced the housing authority is under contract to acquire the land beneath the Virginian Recreational Vehicle (RV) Park for a future affordable workforce housing development. Waterton, a national real estate investor based in Chicago and Orion, a developer based locally in Jackson, bought the iconic hotel and adjacent RV park in August 2020. The housing authority has agreed to purchase the five-acre parcel of land adjacent to the hotel, currently occupied by a 100-stall RV…

Pearl Lake Beach RV Resort in South Beloit, IL will be open to the public for the first time in four years beginning next month. The 207-acre beach, campground and RV resort was sold earlier this month and the new owner says he wants the community to enjoy it as much as he does. “The water is crystal blue,” said new owner, Lance Beatch, a former investment banker who spent a decade of his career acquiring campgrounds and RV resorts. This is an exceptional asset with what I call an…

The City of Benton will purchase 511 acres along the Saline River at a cost of $7.6 million, paid over a 10-year period, city officials announced Thursday. We didn’t go all the way back in the records, but certainly in modern times, this is the biggest purchase.” This land purchase is the largest single land acquisition in the city’s history, said Matt Thibault, marketing official for the city. Plans for the property, called Benton Thomas Park in a concept plan released by the city Thursday, include soccer fields, an RV…