Dragon Point, on the southern most tip of Merritt Island, Florida, sells to new owners

Today’s announcement brings closure to more than a decade’s worth of questions that swirled around what Brevard zoning officials consider the county’s highest-profile home.

The mansion deteriorated over the years, and Annie — the funky 20-ton reptilian statue sculpted in 1971 by Miami “warlock” artist Lewis VanDercar — fell apart during a 2002 storm. Then the land was tied up in court for years amid ownership disputes, and code enforcement violations racked up.

A subsidiary of Private Bank Minnesota acquired Dragon Point from a court-appointed receiver in 2012. Last spring, the Brevard County Board of Adjustment granted five zoning variances allowing construction of a new mansion within the general footprint of today’s weatherbeaten 5,707-square-foot home.

The Carpenter/Kessel Homeselling Team listed Dragon Point on Nov. 12 for $975,000. Facciobene’s purchase offer was accepted Dec. 5, and the contract closed this afternoon as a cash transaction.

“It’s great for the community. That site has been sitting abandoned for many years, and it’s great to see someone’s going to take ownership of it and build the home that that property deserves,” said DeWayne Carpenter, a partner with The Carpenter/Kessel Homeselling Team at Dale Sorensen Real Estate.

“With 600 feet of waterfront, that’s an iconic property. That’s a premiere site to have. That’s going to be spectacular to see that being built,” Carpenter said.

Facciobene personally bought Dragon Point. His construction management group, which boasts specialized equipment and about 75 employees, will develop the 0.86-acre property. Asked if he plans to live in the future house, he replied, “that’s a possibility”

“My architect Mike Karaffa has a wonderful contemporary vision, with lots of modern shapes and feature. It’s going to be a modern home that’s clean and crisp,” Facciobene said.

However, he cautioned that he must still obtain permission from Brevard County building officials to demolish today’s storm-battered structure, build a new house and bring Rojak to life on the rocky point.

“We hope the Lord smiles on us and allows us to get our permits,” Facciobene said.

In 1982, VanDercar upgraded Annie by sculpting four dragon hatchlings alongside the concrete monster: Joy, Sunshine, Charity and Freedom. Expanding on that legend, Facciobene said Rojak was a fifth hatchling “that Annie kept hidden underwater,” and he “will likely grow to the same size as her mother.”

“We have to stay tuned to see what happens with that,” he said.