John Neal, brother, cousin buy land in eastern Palmetto

BUYER: Gulf Land Investments LLC (principals: John Neal and James Schier) (50% interest) Shore Road LLC (principals: Stewart Carlin and James Schier) (25%) and Hanover Real Estate Group LLC (principals: Michael Neal and James Schier) (25%), Sarasota
SELLER: Claude and Cynthia Young
PROPERTY: 10525 and 11333 Moccasin Wallow Road, Palmetto
PRICE: $2.75 million
PREVIOUS PRICE: $5.85 million, October 2008
LAW FIRM ON DEED: Harrison Kirkland Pratt & McGuire PA, Bradenton

PLANS, DESCRIPTION: Homebuilder John Neal, his brother Michael Neal and cousin Stewart Carlin purchased 268.97 acres of grazing land east of Interstate 75 for $2.75 million.

The price equated to $10,224 per acre.