Sold Sign on the Wheelhouse

I saw it last week and then got distracted. What is up?

Sold for 1,800,000 roughly. This included everything on the north except Mrs. Flowers home.

Sold for 1,800,000 roughly. This included everything on the north except Mrs. Flowers home.

So, that's the restaurant, Yellowfin, and the cottages?

So, that's the restaurant, Yellowfin, and the cottages?

Yep. Business as usual for now.

Does anyone know what is going on with the Seagrove Villas and Motel? I thought it had sold and was going to be torn down for a beach club for something and then I heard someone bought it and it was renovated and going to be reopened. I was down there a few weeks ago and it looked like it was open for business but there was a for sale sign out front. Just curious as I have stayed there and love it.

Does anyone know what is going on with the Seagrove Villas and Motel? I thought it had sold and was going to be torn down for a beach club for something and then I heard someone bought it and it was renovated and going to be reopened. I was down there a few weeks ago and it looked like it was open for business but there was a for sale sign out front. Just curious as I have stayed there and love it.

There's an entire thread on this. Do a search. Loads of info.

n a nutshell, the developers went under, and besides, what they were proposing was contrary to covenents on the property. The motel IS open, and the property IS for sale, and it's likely we haven't seen the end of the legal issues regarding its future use. The covenents say it must revert to single-family if redeveloped, if I recall correctly.