FortMyers

Alone In A 32-Story Condo Tower, One Family Wants Out

Does living in a luxury condo tower all by yourself sound like fun? One New Jersey family doesn't see it that way. Victor Vangelakos and his family bought a condo in the Oasis I condo tower in Fort Myers, Florida and are the sole residents. The family paid $430,000 to purchase the condo from The Related Group for $430,000 and closed on it in November. Vangelakos planned to use it as a second home and eventually retire there.

Th real estate market slump in Florida hit this building hard and many who put down deposits opted not to complete the deal. Others who did have swapped their units for ones in the more populated Oasis II next door. But Vangelakos couldn't get his lender to agree to the swap. Vangelakos described life in the condo to the Fort Myers News-Press depicting an existence where an eerie quiet is broken up by occasional night break-ins in the darkened building. Vangelakos wants out of building. He hasn't filed a lawsuit yet but his attorney points out that The Related Group hasn't come through on the marina, pro shop and other promised amenities. As for Related's side, they say that it's up to him to work out a deal with his lender to transfer the mortgage to a unit in Oasis II. His money went to Related's lender, not the company itself so Related would have to pay off the mortgage to get the money back. In this case both the buyer and the seller are in a bit of a tough spot.

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Tags: condominiums, condos, fort myers, FortMyers, oasis

Buena Vista, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Even without the palm trees, you can immediately tell this is a Florida home, the turquoise roof details give it away . This home in Fort Myers, Florida is located on the banks of an inland waterway and is on its own peninsula with water views. The home has a 1,300 feet of water frontage with a private yacht basin and an air-conditioned boat house. The home has six bedrooms and an enclosed heated pool and spa. The spiral staircase is garnished with some sort of crystal sculpture and glass bricks abound. It is listed at $10.95 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Buena Vista