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.
WESH reports that she first refused Westgate’s offer of $150,000 nearly two years ago. 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.
(Copyright (c) 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)