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Business Observer Sunday, Oct. 2, 2022 1 month ago

Top three land deals this year from Pasco to Collier

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With three months remaining in 2022, nearly $1 billion in land has already been sold this year.
by: Steven Benna Contributor

The largest land deals in the region in 2022 — broken down into the top three per each of the nine counties in the Business Observer’s coverage area —  represent $900 million in transaction volume and 2,900 acres, according to an analysis of county property data.  

Three deals surpassed $60 million, and a fourth was for $59.17 million. The trio of $60 million deals weren't in what’s been in the hot land zones, like Sarasota, Hillsborough or Pinellas counties, but instead in Collier, Pasco and Manatee counties. Fast-growing Manatee County is a land-deal leader in the region in 2022, data shows, with $185.18 million in sales volume. 

Also notable is Miami-based Lennar, one of the largest homebuilders in the country, is, to some extent, selling land: It sold a site in Bradenton for $56 million, Naples for $41 million and Pasco County for $20 million. Other Lennar sales were recorded in several counties for prices lower than the top three. 

A glance at the top sales for each county, based on data from county clerk and property appraiser offices, includes: 

 

Charlotte

Buyer: DR Horton Inc.

Seller: Babcock Property Holdings LLC

Address: Port Charlotte

Property Type: Vacant land

Price: $12,624,700

Acres: 417.17

 

Buyer: V2P2 Punta Gorda LP

Seller: Babcock Property Holdings LLC

Address: Punta Gorda

Property Type: Vacant land

Price: $12,226,400

Acres: 216.03

  

Buyer: Land Holdings WABA LLC

Seller: Babcock Property Holdings LLC

Address: Babcock Trail, Punta Gorda

Property Type: Vacant land

Price: $11,900,000

Acres: 492.33

 

Collier

Buyer: KM Creekside LLC and multiple partner LLCs

Seller: White Oaks Real Estate Investments of Southwest Florida LLC

Address: Naples

Property Type: Vacant commercial land

Price: $66,000,000

Acres: 1.23

 

Buyer: The Moorings Inc.

Seller: LB Naples Grande LLC

Address: Naples

Property Type: Vacant land

Price: $41,196,334

Acres: 2.19

  

Buyer: KLLB AIV LLC

Seller: Lennar Homes LLC

Address: Naples

Property Type: Vacant land

Price: $41,026,700

Acres: 19.59

 

Hillsborough

Buyer: AGS Trip Corp.

Seller: Duke Construction LP

Address: 13010 Bay Industrial, Gibsonton

Property Type: Vacant commercial land

Price: $55,627,400

Acres: 22.63

 

 

Buyer: RD RWD Tampa LLC TRU

Seller: Hillsborough River Realty Corp.

Address: 102 S. Parker St., Tampa

Property Type: Commercial land

Price: $55,490,300

Acres: 6.24

  

Buyer: Prose Sabal Park Owner LLC

Seller: SJ MLK LLC

Address: Not listed

Price: Vacant land

Price: $35,000,000

Acres: 28.96

 

Lee

Buyer: VCP Ft Myers SR 82 LLC and VCP Ft Myers SR 82 II LLC

Seller: C-Hack LLC

Address: Fort Myers

Property Type: Vacant land

Price: $30,815,000

Acres: 61.63

 

Buyer: Hartman Capital LLC

Seller: BJ Holdings of Fort Myers LLC

Address: Fort Myers

Property Type: Pasture

Price: $25,000,000

Acres: 104.31

 

Buyer: Elevate Colonial LLC

Seller: Summit Properties SW LLC

Address: 11000 Colonial Blvd., Fort Myers

Property Type: Vacant land

Price: $21,970,097 

Acres: 68.11

 

Manatee

Buyer: CS1031 Country Lakes Village MHC DST

Seller: Country Lakes Co-op Inc.

Address: Palmetto

Property Type: Residential land

Price: $69,913,900

Acres: Multiple parcels

 

Buyer: CPUS Sarasota LP

Seller: Manatee County Property Owner LLC

Address: Sarasota

Property Type: Commercial land

Price: $59,178,212

Acres: 44.24

 

Buyer: DRP FL 6 LLC

Seller: Lennar Homes LLC

Address: Bradenton

Property Type: Residential land

Price: $56,100,000

Acres: 414.93

 

Pasco

Buyer: Shamaim Mitchell LLC

Seller: VMR Development LLC

Address: Not listed

Property Type: Waste land and retail stores

Price: $68,000,000

Acres: 42 parcel sale

 

Buyer: P3 LAF Avila Bay LP

Seller: Avila Bay 110 LLC

Address: Port Richey

Property Type: Residential land

Price: $34,500,000

Acres: 7.63

 

Buyer: R-Hearthstone Lot Option Pool 05 LP

Seller: Lennar Homes LLC

Address: Not listed

Property Type: Agricultural land

Price: $20,021,200

Previous Price: $19,836,900, May 2022

Acres: 66.27

 

Pinellas

Buyer: Logaland Corp. and McClellan Highway Acquisition LLC

Seller: Marquesas LLC

Address: S. Gulfview Blvd., Clearwater

Property Type: Vacant commercial land

Price: $31,000,000

Previous Price: $18,650,000

Acres: 5.14

 

Buyer: Gateway Jabil Property Owner LLC

Seller: Jabil Inc.

Address: St. Petersburg

Property Type: Vacant industrial land

Price: $18,000,000

Previous Price: $13,421,800, August 2002

Acres: 57.94

 

Buyer: GEP XI Gandy LLC

Seller: Jabil Inc.

Address: St. Petersburg

Property Type: Vacant industrial land

Price: $14,000,000

Acres: Not listed

 

Polk

Buyer: 350 24th Street FL LLC

Seller: Sunstone Winter Haven Florida LLC

Address: Winter Haven

Property Type: Residential land

Price: $40,645,500

Previous Price: $24,025,000, January 2018

Acres: 24.72

 

 

Buyer: M H O C LLC

Seller: BSD Drane Field II LLC

Address: Lakeland

Property Type: Vacant industrial land

Price: $17,166,600

Acres: 17.40

 

Buyer: Florida Club MHP Lake Alfred FL LLC

Seller: Florida Club Polk Two LLC

Address: Winter Haven

Property Type: Vacant land

Price: $16,000,000

Acres: 408.92

 

Sarasota

Buyer: CC Sarasota MDE LLC

Seller: Vott-A LLC, Vott-B LLC, Vott-C LLC, and Vott-D LLC

Address: En Theos Lane, Nokomis

Property Type: Vacant land

Price: $16,250,000

Previous Price: $10,350,000, September 2007

Acres: 34.35

 

Buyer: SMR Schwartz LLC

Seller: Schwartz Farms Inc.

Address: Sarasota

Property Type: Vacant land

Price: $15,618,651

Acres: 320.80

 

Buyer: Sarasota Springs LLC

Seller: Bath and Racquet Club Sarasota Inc.

Address: Sarasota

Property Type: Vacant land

Price: $14,070,900

Acres: 12.50

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