Fort Meyers' 32-Story Single-Family Home

3 August 2009 - 8:00am

With a 32-story tower occupied only part-time by a single family, America's real estate bust may be most apparent in Fort Meyers.

"The Vangelakos' southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor.

The New Jersey family of five purchased their unit four years ago, when Fort Myers was in the midst of a housing boom and any hints of an impending financial crisis were buried in lofty dreams of expansion and development."

Source: Atlanta Journal-Constitution, August 2, 2009

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The city is Ft. Myers.

The city is Ft. Myers.