2,283 Acres Sold in Two Transactions for Nearly $10 Million


Photo of Jeff Cusson

Jeff Cusson, CCIM

Photo of Richard Dempsey

Richard Dempsey, ALC

LAKELAND, FL June 9, 2011 – Coldwell Banker Commercial Saunders Real Estate recently closed two transactions of 2,283 +/- total acres in the two Florida counties of Indian River and Okeechobee. Representing nearly $10M in cash transactions by buyers, the ranch and grove sales show that the land market is becoming more active.

Coldwell Banker Commercial Saunders Real Estate associates who handled the 1992 +/- acre ranch deal in Okeechobee County are Jeff Cusson and Richard Dempsey, ALC. Real Estate Associate Jeff Cusson handled the Vero Beach Ranchette deal in Indian River County.

1992 +/- AcreRanch – Okeechobee County, Florida

At 1992 +/- acres, an Okeechobee County ranch recently sold for $8,172,000. The transaction was a cash deal for investment and family retreat. The property sale Included over a mile of frontage on US 98, a 3,500 SF home, guest home, stables and various personal property.

Vero Beach Ranchette – Indian River County, Florida

In Vero Beach, 291 +/- acres on 82nd Ave. sold for $1.6 million. It was formerly a citrus grove and is zoned one unit per five acres with 2000 ft. of frontage on Ranch Road (82nd Ave). This also was a cash purchase for an investment and future family use.

About Coldwell Banker Commercial Saunders Real Estate

Coldwell Banker Commercial Saunders Real Estate (CBCSRE) is regarded as an authority on all types of Florida land and conservation easements, transacting over $1 billion in sales from 1996 through 2013. Offering land, forestry, and conservation easement real estate services through CBC Saunders Real Estate and the CBC Saunders Real Estate |Forestry Group, the Saunders team of land professionals and foresters offers advisory and transactional services through the home office in Lakeland, FL, the North Florida office in High Springs, FL, and its network of Coldwell Banker Commercial affiliate offices nationwide and worldwide. We provide services to land and commercial clients through both CBCSRE and our commercial real estate brokerage, Coldwell Banker Commercial Saunders Ralston Dantzler Realty.