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In 1983, Morse moved to Florida to take over his father's business selling vacant lots to mobile home owners. Morse instead decided to build homes, restaurants, pools, and golf courses, and by 1986, Morse was selling more than 500 homes per year. In 2011, the Holding Company of the Villages Ltd. generated at least $550 million in revenue.
The Villages was the top-selling master-planned community in the United States in 2017 and one of only four communities to sell more than 1,000 homes. [19] The Villages also claimed the title of the best-selling master-planned community of the decade, with 24,440 new home sales from 2010 through 2019. [20]
Ellinor Village was sold to Milton Pepper, a local developer in the late 1950s. Pepper was also the man who bought the Ormond Hotel and then built the Ormond Heritage after the city of Ormond Beach would not let him restore the historic hotel. Pepper sold Ellinor Village in the late 1970s and it became a housing development.
The 300 Tenth hotel, just a few steps from Myrtle Beach’s SkyWheel and boardwalk, is on the market at $4.9 million. Originally listed Oct. 12, the 20,854-square-foot property boasts 34 units.
Mobile home owners usually own the home but rent the land it stands on. The land owner in this case, CREI Holdings, says it will provide a financial incentive of $14,000 to residents who leave by ...
Siegel's son and senior Westgate executive, Richard, is quoted as saying that David Siegel's determination not to lose the PH Tower was a major source of the company's financial troubles in 2009-11. On November 22, 2011, a controlling interest in the property was sold to Resort Finance America LLC. [6]
Florida community outraged after golf course was quietly sold — and the new owners are facing a $70K tax penalty. Joe Cortez. September 10, 2024 at 7:11 AM. ... and their home values. ...
Harold Schwartz (March 13, 1910 – December 22, 2003) was an American businessman and real estate developer who along with his son, H. Gary Morse, founded the active adult retirement community The Villages, Florida.
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