Fantasy Island Auction Aborted
A public auction of Fantasy Island, the 23-acre entertainment venue that neighbors considered noisy and troublesome, was canceled Thursday . Capital Commercial Real Estate, the broker, said the prices offered were too low.
“The range of offers was below $2 million,” Tim Pluma, (CQ)a senior marketing consultant for the real estate firm, said.
The property was listed at a price of $2.9 million.
The company now plans to follow up with the interested parties next week and said there was a possibility of repackaging the property as either a single-estate use property or a four-unit luxury home development of 8,000-square-foot homes.
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