Large Acreage Sells for $4 MIL in Highlands County Shows Upward Trend in Land Sales Activity

Dean Saunders, owner/broker, and David Hitchcock, Sales Associate at Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL, announce the sale of 1162 +/- acres of land in Highlands County. West of Lake Placid on SR 70, the Lake Placid Ranch transaction closed January 2010 for $4,183,200.

This beautiful tract of land, part of which was a former dairy, is located on the Ridge and is ideal for pasture, recreation, cattle ranch, dairy farm, or farming. State-owned and conservation lands partially surround the property for tranquil and beautiful landscapes.

The seller was the McJunkin Family Limited Partnership and the buyer was Heart Groves. CBC Saunders Real Estate represented both the buyer and the seller with Hitchcock representing the buyer and Saunders and Hitchcock representing the seller. Dean Saunders offers, “This is a promising glimpse that the land market is becoming more active. There are buyers out there who have been waiting for the right time and now is the time.” For the two months since January 1, 2010, CBCSRE has transacted six leases and six land properties for a total of nearly 1200 acres to start the year with over $7 MIL in closings.