[1]Medallion Home Enters Venice, Florida Market.
With its recent acquisition of finished lots in Stone Walk Preserve, Medallion Home has entered the Venice market. Medallion Home expects to begin marketing single family homes from 2,000 sq ft through 3,100 sq ft with prices starting in the mid $200,000’s.
Stone Walk Preserve is the Medallion Home-led group’s fourth acquisition in the past ten months. Aggregately, the acquisition groups paid approximately $9.26 Million in cash over the four transactions which had previous equity and debt positions exceeding $36 Million. Medallion Home is positioning itself for the return of the local real estate market.
Says Vice-President Pete Logan, “The acquisition of Stone Walk Preserve allows us to expand our footprint of Medallion Home communities. This particular project has the key to success; location, location, location. It’s less than a 3 minute drive to both Publix and I-75. Stone Walk Preserve is a large home site, low density, single family community for the discerning buyer. We’re excited to become a part of the Venice community.”
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