Owned by same Florida pioneer family for four generations, this property has never been offered for sale. It is old Florida at its finest and is located just east of the St. Johns River at Lake Harney in Southeastern Volusia County. The 2,600-acre tract is a mosaic of pine flatwoods, oak hammocks, and fresh water marshes that provide abundant habitats for some of Florida’s most magnificent wildlife.
Outdoor enthusiasts, nature lovers, and hunters will appreciate the tract that is teeming with wildlife, such as Florida black bear, turkey, deer, hogs, eagles, and wading birds. Recreational activities on the property include hunting, fishing, boating, wildlife viewing, and 4-wheeling.
The property was granted one of the very first wetland mitigation banks in the State of Florida, known as the Colbert-Cameron Mitigation Bank. The Colbert-Cameron Mitigation Bank has been an environmental enhancement and preservation project since 1996. For nearly 20 years, the property has provided mitigation for wetland impacts within the defined mitigation service area.
The mitigation credits the owner holds are worth more than the price of the land itself. With 160 State mitigation credits and 370 Federal mitigation credits, the total retail value is over $12M. One Federal credit and one State credit combined is $50,000 in retail value. This mitigation bank has a long, successful history, is established, permitted, and ready to continue ongoing mitigation banking.
As a result of mitigation permitting, the property is encumbered with a conservation easement that allows all forms of recreational use and timber harvest.
Predominate soil types are Malibar, Wabasso, Pineda, and Eaugallie. All classes of soils have a slash timber pine index of 80. The property is conveniently accessible to major traffic corridors and larger cities, with only a 45-minute short drive to downtown Orlando and a 15-minute drive to I-95.
This is your opportunity to own a beautiful piece of old Florida with high-value mitigation credits. This property has much to offer!
Aerials & Documents
Status: For Sale
Property Type: Conservation, Exotic Game, Hunting, Mitigation, Ranch, Recreation, Timber
Price Per Acre: $2,775
Location: Morgan Alderman Road, Mims, Florida, 32754
Frontage: 1.5 +/- miles of paved road frontage on Morgan Alderman Road, 1.8 +/- miles of dirt road frontage on Dragon Fly Run
Description: Income Features: Timber harvesting Conservation Easement: Encumbered with a conservation easement that allows all forms of recreational use and timber harvest Mitigation Bank: • 160 State Wetland Credits - $30,000 Retail Value / Credit • 370 Federal Wetland Credits - $20,000 Retail Value / Credit • Total Federal and State Credit Retail Value - $12,200,000
Driving Directions: From Orlando: • Take I-4 or SR 417 north to SR 46 and go east 21.8 miles from 1-4 or 18.8 miles from 417, cross the St. Johns River into Volusia County to Morgan Alderman Road • Entrance is on Morgan Alderman From I-95: • Turn west at SR 46 and go 10.2 miles to Morgan Alderman Road