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River Gem Grove – Florida Agricultural Portfolio

$8,100,000

Fort Pierce, Florida

1,038 Acres

PROPERTY DETAILS

Property Type: Citrus, Farms & Nurseries, Land, Land Investment

Location: Orange Ave, Fort Pierce, Florida 34945

County: St. Lucie

Price Per Acre: $7,806

PIN: 50 Total Parcels

Zoning: Agriculture - 1 dwelling unit per 5 acres. FLU is Agriculture


River Gem Grove is 1,038 acres of typical flat woods groves in St. Lucie County. This grove is planted with double beds and was originally planted in 1984 and 1985. The net tree acreage consists of 931.6 acres of Valencias and 8 acres of newly planted 2018/19 Valencias. There are 15.0 net acres of fallow land and the remainder of the property consists of retention areas, roads, ditches, support areas, and low/waste areas. The majority of the trees were originally planted on Sour Orange rootstock, however, one block of Valencias is on Swingle and four blocks (including 2002 resets) are on Carrizo. Carrizo and Swingle have also been widely used as reset rootstocks. River Gem Grove is one of several included in a larger portfolio of 11,100.9 ± acres spanning across DeSoto, St. Lucie, and Indian River Counties.

Description: Good productive citrus grove
939.5 net acres irrigated citrus, 15 net fallow acres, and 955 total net tree acres
Irrigated with a low volume micro-sprinkler irrigation system

Driving Directions: From SR 68 and I-95 in Ft Pierce, travel 13.4 miles west on SR 68. Then north on water district road 3.7 miles. Then west on water district road 1.4 miles to the barn

Dean Saunders

Founder, Managing Director & Senior Advisor

863.774.3522

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