Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
ORLANDO, Fla. (AP) — A widow who repeatedly refused to sell her Florida town house to one of the world's largest time-share companies has finally given in.
The Orlando Sentinel reports Westgate Lakes LLC paid 83-year-old Julieta Corredor $1.5 million for the two-bedroom, two-bathroom condo she and her late husband bought 32 years ago. That's about 10 times more than the couple paid.
Her refusal to sell led to a dispute that held up Westgate's efforts to build a pair of high-rise towers in Orlando.
The parties announced a resolution to the dispute two months ago, but neither side could discuss the sale price or details because of a confidentiality clause.
The Sentinel calculated the sale price based on tax stamps levied on public property-transfer documents. The comptroller's office says the figure is accurate.
Information from: Orlando Sentinel, http://www.orlandosentinel.com/
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.