Business

This property in Manatee County recently sold for $80 million

The Gardens Manufactured Home Community in Parrish recently sold for $80 million.
The Gardens Manufactured Home Community in Parrish recently sold for $80 million.

The Gardens, a manufactured home community in Parrish, recently sold for $80 million, the largest real estate transaction of the year in Manatee County.

Mihevic Management Inc. sold The Gardens to BCC Cancer Center Venture LP on Aug. 3, according to records made available by the Manatee County Clerk of Circuit Court’s office.

The Gardens, with 1,100 home sites, is located at 11300 U.S. 301 N. The park is currently appraised at $18,926,211, according to the Manatee County Property Appraiser’s Office.

Calls to Mihevic Management Inc. and to BCC Cancer Center Venture LP for comment were not immediately returned on Wednesday.

BCC Cancer Center Venture L P is identified as a Delaware limited partnership, whose post office address is care of The Northwestern Mutual Insurance Company in Milwaukee.

The Gardens sale dwarfs other large sales in Manatee County this year, including the $50.5 million sale in late May when two Bradenton LLCs, whose title manager is local property management firm Continental Properties Company Inc., purchased the Lost Creek at Lakewood Ranch apartment complex.

Homes in The Gardens range from 700 square feet to more than 2,000 square feet. Amenities include a 13,000-square-foot clubhouse that was remodeled in 2010 and houses a fitness center, ballroom, billiards room, media room, craft room and card room.

The Gardens also has a heated Olympic-size swimming pool, sundeck, hot tub, tennis courts, shuffleboard courts and horseshoes pits.

Residents of The Gardens have been noted for their generosity in helping others in Manatee County. In a 2014 neighborhood profile published in the Bradenton Herald, residents had contributed more than 40,000 pounds of food to local food banks, 168 bicycles to the homeless, 200 care packages to American service members in Iraq and Afghanistan, and hundreds of backpacks and toys for needy children.

Park owner Ed Mihevic picked up the cost of postage for items collected by park residents for men and women serving overseas in the military, the Herald previously reported.

James A. Jones Jr.: 941-745-7053, @jajones1

This story was originally published August 9, 2017 at 4:01 PM with the headline "This property in Manatee County recently sold for $80 million."

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