The large 1,675 ± acres citrus grove in Hendry County produces a variety of oranges, tangelos, and grapefruit.
LAKELAND, FL, March 30, 2020 – SVN | Saunders Ralston Dantzler Real Estate senior advisors Brian Beasley, CCA, CNLM and Dean Saunders, ALC, CCIM recently brokered the sale of a 1,675-acre ranch in Hendry County, Florida for $14,154,115.
The property, located in LaBelle, Florida, is a large citrus grove, producing a variety of oranges, tangelos, and grapefruit. The property is improved with a substantial irrigation drip system and approved Southwest Florida Water Management Districts water permits through 2029.
There is a continued shift happening in the makeup of the citrus industry. The effects of the Citrus Greening disease are a decline in the health of trees and reduced production. Citrus groves with ample production continue to be profitable. However, citrus farming requires significant commitment and resources to successfully replant unhealthy groves and maintain profitable levels of production.
“The Sunrock Grove is ideally located for citrus and sugarcane production,” said Beasley. “However, the buyer of the land will probably use it for industrial uses sometime in the near future.”
ABOUT BRIAN BEASLEY, CCA, CNLM
Brian contributes to the management and real estate brokerage of citrus groves, agricultural crop, timberland, commercial property, and natural areas in Central and South Florida. He is a licensed real estate broker and is highly qualified through experience and accreditation for land management activities. Beasley holds certificates in Natural Areas Management (CNLM); Certified Crop Advisor (CCA); and is a Certified Burner, Florida Division of Forestry. Learn more about Beasley’s experience and industry leadership at SVNsaunders.com/brianbeasley.
ABOUT DEAN SAUNDERS, ALC, CCIM
Dean comes from an eighth-generation Florida agricultural family and is a recognized Florida land and conservation easement authority. In 2018, he received the APEX Top National Producer Award as the highest-producing land broker in the nation and in 2019, Dean was named as one of Florida Trend’s “Florida 500”. He is the national Vice President of REALTORS® Land Institute (RLI). Learn more about Saunders’ experience and industry leadership at SVNsaunders.com/deansaunders.