Xanterra purchased the tract shown in yellow from Busch Properties on June 13, 2013 for $2.75 million. The assessed value is $388,500.
Busch Properties had purchased the same tract from Colonial Williamsburg on Dec 8, 2006 for $417,700. It’s not a perfect guide but, according to Trulia, the median sales price for homes in the area is still slightly below what is was in December 2006:
What was Xanterra’s motive in purchasing this tract in June of this year?