Lay of the Land
Market Report 2014
2014 Data • Published Spring 2015
LayOfTheLandReport.com
•High Springs
Coldwell Banker Commercial
Saunders Real Estate Forestry Group
•Lakeland
Coldwell Banker Commercial
Saunders Real Estate
Your Best Source for Florida Land Values
Table of Contents
We Cover the State of Florida
Introduction............................................................3
Ranch & Recreational Land.....................................4
Timberland...........................................................5-6
Citrus - Central Ridge..............................................7
Citrus Flatwoods.....................................................8
Citrus - East Coast of Florida..............................9-10
Former Citrus Lands..............................................10
Farmland/Cropland - Central Florida ....................11
Sugarcane .............................................................12
Locations of
North Florida Cropland....................................12-13
Coldwell Banker Commercial
Residential Lots & Entitled Land......................14-15
Saunders Real Estate
Conservation Sales, Easements,
Land Professionals and Foresters
Remainder Rights............................................16-17
Contributors.....................................................18-19
Appendix - Sales Charts/Notes .......................20-30
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The information provided in the Lay of the Land Market Report is based upon verified, bona fide sales data tracked by the Coldwell Banker Commercial Saunders Real Estate sales agents
and business staff over a period of time for specific land segments. Analysis is defined by this data, along with our experience in the market. This information may not be complete, and
CBC Saunders Real Estate does not guarantee the accuracy. If you have additional information to contribute, please give us a call. ©2015 Coldwell Banker Commercial Saunders Real
Estate, All rights Reserved, Worldwide. ©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba
Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and
the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
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Introduction
To link the real estate land market with blockbuster to be the single source that compiles and verifies Florida
film history seems like comparing apples and oranges,
sales data to evaluate market trends throughout the year.
but in this case there is some valid connection. Think
This is its primary purpose – providing data to landowners
of The Godfather and its sequel, The Godfather II that can be accurately interpreted and applied, leading to
they were different movies carrying the
more informed, relevant decisions.
same theme, but both earned huge box
We target 14 different property types in
office dollars and Academy Awards. In a
our report, and work diligently to capture all
similar way, the 2013 Florida real estate
land sales for each category. We partner with
land market’s “Year of the big deals” now
a network of appraisers and land professionals
has its own sequel, as 2014 continued that
to vet the data and bring you accurate infortheme with sizable deals, proportional
mation. The result is the most comprehensive
activity, and in some cases even similar
view of Florida land values in the industry
properties affecting the market. today.
In this publication’s narrative last year,
Even as we continue to improve the prowe reported on the just completed north
cess of our data collection, we remain comFlorida timberland sale of 380,000
mitted to the privacy and anonymity of
Dean
Saunders,
ALC,
CCIM
acres of land for $582,000,000.
individual landowners when illustrating
Owner, Land Broker
With its closing in March 2014, that
transaction information; no buyers or
Coldwell Banker Commercial
transaction’s culmination appears in
sellers are listed.
Saunders Real Estate
Lakeland, FL
this year’s Lay of the Land publicaThe Lay of the Land Market Report is
tion as a verified 2014 sale.
the culmination of a significant invest“The Lay of the Land Market ment in process, technology, and people.
Another significant sequel was the
reverberation of Blue Head Ranch,
I am very appreciative of the experienced
Report” is outstanding.
which after a successful sale in 2013,
and impressive team of appraisers, land
It
provides
concise
and
was re-sold in 2014 through five sepaprofessionals, and staff who contributed
rate and distinct transactions.
many hours and considerable effort to
accurate information
A final example is the impact of
produce this publication.
Institutional Investor driven acquisiAs we strive to improve this report,
on a broad spectrum of tions. Most notable was the purchase
your suggestions to increase its usefulness
land use and values and to you, the landowner, are welcome. We
by Alico of 22,000 acres of (primarily)
citrus groves, for $284,000,000.
is an important and very trust its information will continue to be a
Now in its fourth year, the Lay of
reliable benefit to you.
the Land Market Report continues
valuable resource for Florida
landowners.”
~Robert Thomas,
Florida Land Council”
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Ranch & Recreational Land
State of Florida
Sales Activity
you exclude this sale. The argument to include or exclude it can
be made either way, but the volume of acres involved did influence the overall price paid per
acre. So, for the median price
Dean Saunders
per acre discussion, I choose to
ALC, CCIM, Broker
exclude it. The median value of
Florida Land and
Conservation Easements
ranch land in 2012 was $2,500
per acre, in 2013 it was $2,737
per acre, and in 2014 it was just over $3,000 per acre
($3,015 per acre).
There were several sales
of high quality ranches, as measured by their cattle carrying
capacity, that were sold at $3,900
per acre.
Record high cattle prices are helping to fuel increasing demand for ranch land. We had more interest in ranch
lands in 2014 than I have seen in my career to date. The
buyers are not only the usually suspects (ranchers, farmers, and recreational users), but Latin American and Institutional Investors (REITS, Hedgefunds, and Family Offices)
are getting into the game as well. I believe the interest
from South American buyers is due to “flight capital”--their
interest in getting their money out of their native countries
which are experiencing high inflation or unstable governments. The Institutional Investors are looking for diversification both in property type
and geography, and for a hedge
against inflation.
We are reporting 24 ranch/
recreational sales of over 500
acres for 2014 up from 15 in
2013. Over 83,400 acres of
unencumbered ranch land sold
in 2014, again up from 14,037
acres in 2013.
Market Trends
I believe the demand for
ranches will remain elevated
throughout 2015 and for as long
as cattle prices remain at historic
highs. I anticipate pricing to level
off somewhat for the average
ranch, but top quality properties that are highly amenitized
and closer to the major cities will
command superior prices.
Values
The median price for ranch
land in 2014 is $2,967 per acre
if you include the one large Blue
Head Ranch sale of 33,000 acres;
the price is $3,015 per acre if
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Timberland
State of Florida
Sales Activity
investments for a long term hold,
they rely heavily on discount cash
flow analysis, which incorporates
timber growth modeling, harvest
scheduling, management optimization, and timber price forecasting.
Tony Wallace, CF
Forestry Group
Both sellers and investors in the
Timberland Specialist
timberland market need to be able
to employ these specialized knowledge and analytical tools to effectively market, or invest in,
these properties. In addition to these traditional investors, we also observed the return of other investors to the
timberland market, including some with recreational and
even speculative interests, which help support a strengthening market for timberland tracts with higher recreational amenities or development potential.
Interest in timberland as an asset class continued to
be strong in 2014. Our sales database shows a total of
10 Florida timberland sales of 1,000+ acres that closed in
2014. These sales totaled over 433,000 acres and had an
average sales price of over $1,351/acre. This includes the
massive 380,000-acre St. Joe sale to Ag Reserves which
closed in the first quarter of 2014 at a sale price of $1,480/
acre. Overall, gross sales prices for these timberland tracts
ranged from $1,100 to $1,500/acre. The allocation to
Timberland Values
We believe timberland values are most likely to continue to rise in the coming years. Economic trends such
as an improving US economy, continued rise in housing
starts, and the expected growth in the bioenergy wood
products sector are positive indications for increased
timber demand and prices, which will translate into continued rise in timberland prices. In addition, experts are
estimating that there is still some $2 to $4 billion committed to this asset class that needs to be placed creating
very strong investor demand for timberland. Finally, the
return of some speculative and recreational investors to
the market will enhance the values of certain timberland
properties with favorable locations and/or exceptional
amenities.
the bare land in these transactions ranged from $600 to
$1,000/acre, with the average bare land price at $800/
acre. Strong timber prices (particularly pulpwood) continued development of the bioenergy market, and heavy
commitment of capital to this asset class contributed to a
strong Florida timberland market in 2014.
REITS, TIMO’s and individual investors (either through
direct purchases or managed assets via a third party)
comprised the majority of the buyers in 2014. These investors are primarily concerned with the ability of the land to
produce returns from timber production, so the property’s
site productivity, percentage of plantable acreage, past
cultural treatments (e.g. fertilization), condition of timber
stands, current timber volumes, and location relative to
wood producing facilities are all very important considerations for pricing. Because investors typically analyze these
Timber Stumpage Prices
North Florida saw increases in stumpage prices for
all three major pine products (pulpwood, chip-n-saw, and
sawtimber) in 2014, according to Timber Mart South data.
Pulpwood prices in the northeast portion of the state have
stayed at near record high levels through 2014 with pulpwood stumpage prices exceeding $20/ton – a common occurrence. Wet weather throughout much of 2014, which
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Timberland
State of Florida (continued...)
$ / Ton
makes logging difficult and constrains supply,
North Florida Pine Stumpage Prices 2012-2014
contributed to the higher prices. Although pine
Source: Timber Mart South
sawtimber and chip-n-saw prices remained be$35.00
low peak prices seen in the 1990’s through early
$30.00
2000’s, the trend continues to be upward since
$25.00
bottoming out in 2011.
Looking ahead, there are reasons to believe
$20.00
stumpage prices for all pine products will con$15.00
tinue to be strong. While pulpwood prices may
$10.00
have peaked for the short term and will likely
Sawtimber
Chip-n-saw
Pulpwood
$5.00
drop off as drier weather returns, prices for this
product are expected to remain strong for 2015
$due to 1) the expected rebound of the overall economy and increased demand for paper
Year-Quarter
products, and 2) the expanding bioenergy wood
products markets which compete with pulpwood users for raw material. The construction of the new state-of-the-art Klausner sawmill in Suwannee County is now
complete and the mill began taking wood in early 2015. This sawmill is expected to produce 375 to 700 million board
feet annually, sharply increasing demand for chip-n-saw and sawtimber in the region, resulting in upward pressures on
stumpage prices for those products as well.
Annual Lay of the Land
Florida Land Conference
Presents verified Florida land values data from the
Lay of The Land Market Report for the previous year.
Ranchland, Farmland, Citrus Groves, Recreational Land, Timberland,
Residential Development, Transitional Land, Conservation Easements
Don’t miss the industry’s premier land values event for major
Florida land owners, buyers and developers.
LayOfTheLandConference.com
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Citrus - Central Ridge
Polk, Highlands, Lake Counties
Sales Activity
The sale prices for the verified
transactions in this region, as shown
on the spreadsheet later in this
report, range from about $4,200 per
acre to over $16,000 per gross acre. The gross acre amount includes all
Brian Beasley
non-citrus acres. The net citCCA, CNLM
Farm, Ranch, Citrus
rus acres have an indicated
Land Specialist
range of about $5,300 to
Land Management
over $17,000 per acre.
Both ranges appear
to be very similar to
last year. However,
in 2013 most of the
verified sales were
over the $10,000
per acre threshold. Richard Dempsey, ALC
Agriculural, Citrus, Ranches,
This year more
Commercial/Development
Land Specialist
than half of the
sales were under
that level. Sales activities of citrus properties in the area we have
defined as the central ridge have remained fairly similar
to the last couple of years. The number and sizes of tracts
that sold in 2014 is similar to past years and the sales
prices have not fallen as might be anticipated as the effect
of greening continues to increase. Grove sizes in this region ranged
from 20 gross acres to just over 400
grove acres with one very large sale that
included a sizable amount of non-citrus
acres. That sale occurred in Highlands
County and had a total of about 5,600
acres. Excluding that sale, the actual
citrus acres for the other reported sales
ranged from about 14 acres to about 387
acres. The average size was roughly 60 acres. Values
Values for citrus groves are based on several
factors including production, quality, condition, and
the existence of a good long term fruit contract, among
others. In addition, as with all real estate, location is
also a very important factor. The location of groves in this
region plays a significant part in bolstering the underlying
land value. Market Trends
The central ridge segment of the citrus growing region
of the state is beginning to experience an increase in the
impact of the housing real estate market turn-around. Underlying land values are helping to mute the potential
decline in values for groves that may have had limited or
no caretaking. However, as more growers make the decision to quit caretaking their groves due to the devastating
Professional Land and Resource Management
impact of greening, values are expected
For Absentee Landowners, Investor Groups, Banks, and
to decline. Landowners Who Desire Consulting Services.
Anecdotally, there has been a
SaundersLandManagement.com
noticeable decline in calls from prospective buyers for citrus groves in this
region. Unless there is some type of
alternate use, such as another crop type
or development of some kind, interest
for marginal groves is limited. Conversely, there seems to always be demand for
high quality, good producing groves.
Saunders Land Management
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Citrus Flatwoods - Peace Valley Region & Gulf Citrus Region
Peace River: Hardee, DeSoto, Manatee, Sarasota Gulf: Charlotte, Hendry, Lee, Collier, Glades Counties
Sales Activity
Market Trends
The number of citrus property sales transactions for
the “flatwoods region” in 2014 remained consistent with
the previous two years. The average size of groves sold
during the period has also remained somewhat consistent.
However, as stated in last year’s report, the region
represents three of Florida’s top five citrus producing
counties. The expectation would be that the volume of
transactions in this region would be representative of that
fact. However, the limited number of sales is considered a
reflection of the overall uncertainty in the market due to
the impact of Huanglongbing (HLB) or citrus greening.
As one drives through the
citrus growing region of the
state, the long term impact of
citrus greening is becoming
more and more evident. Two
Richard Dempsey, ALC
perspectives seem to be devel- Agriculural, Citrus, Ranches,
Commercial/Development
oping. Increasingly it appears
Land Specialist
growers with smaller groves,
typically scattered around a
given area, have begun to limit their caretaking and
adopt the view of managing their groves to maximize
production for another few
seasons. As yields decline and
caretaking expenses rise, the decision to quit actively working a
grove becomes easier. The other
perspective is more optimistic
and more common among larger
operators. Growers with consolidated tracts - generally large
holdings - are more likely to
express confidence that a long
term solution will be discovered.
They are willing to continue to
spend the resources to battle
the disease. Some are of the
opinion that the current time
also reflects an opportunity to
expand their holdings.
In 2014, “uncertainty” continued to describe the market for citrus properties. As
the market tries to reflect the impact of current pricing
forces, it is not uncommon to see high and low outliers,
a trend that is not expected to change for 2015. Generally, it is anticipated that a downward pressure on grove
pricing will continue. This is likely true of groves of all
sizes and qualities.
Values
The year 2014 saw three very
large citrus transactions in this
region. Included were the Alico
purchases, comprised of numerous tracts throughout the state,
a transaction involving roughly
4,200 acres, and another sale of
about 1,300 acres. Each one of
those sales had unique characteristics and are not typical citrus
property transactions. The Alico
purchase was approximately
22,000 acres of land, including
over 20,000 acres of citrus.
On average, values for the
two prior years did not change
dramatically. Values for average quality groves with average
production were in the $8,000 to $10,000 per acre range
with a large percentage of those transactions being closer
to $10,000 per acre. In 2014, the average sale price, when
the three very large sales are included in the calculation,
is around $9,200 per acre. When those three sales are excluded, the average drops to about $7,500 per acre. Most
of the sales prices were in the $5,000 to $11,500 range
per gross acre, and in the $7,000 to $12,500 range per
tree acre.
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Citrus - East Coast
Indian River District; Indian River, Saint Lucie, and Martin Counties
Sales Activity
their toll. Growers have been extremely aggressive with their cultural programs in an effort to offset the impacts
of the diseases. These programs come
at a price though, and production costs
have more than doubled since I left the
industry just six years ago. This is creat- Jeff Cusson, CCIM
ing significant consolidation throughAgricultural, Transition,
Industrial
out the industry with less productive
Land Specialist
groves being converted to other uses
and packinghouses that were once
competitors joining forces to share
a shrinking pot of fruit. Grapefruit,
which was once the mainstay of
our area’s economy, has declined
over the past 17 years from 55 million boxes to just 15 million boxes
in 2015. Those growers that were
Market demand continues to strengthen for lands along
the Treasure Coast. A slowly recovering economy and an
influx of new investors have provided a gradual but healthy
market improvement. On the smaller tracts we are finally
seeing some activity from buyers willing to borrow money in
order to acquire properties before values get out of reach.
On the larger tracts of land we are seeing significant buying activity from some of the larger agricultural funds and
institutional buyers. These lands, typically over 1000 acres,
are primarily being cleared, leveled, and converted to farm
lands for lease or direct use by farmers. Additional demand
has come from international investors - primarily Latin
America, Asia, and Europe for cattle, farming, and recreational opportunities. Many of these investors are looking at
investment in the U.S. as an important part of their portfolio diversification and agriculture as part of their family’s
heritage. Agricultural real estate has become very much a
cultural experience, helping buyers from as far away as Brazil, Argentina, Dubai, China, Russia, India, Egypt, and Nigeria
understand the opportunities in the Florida market.
Residential real estate continues to recover with home
prices improving and inventories shrinking; however, the
recovery of residential lands in our area has been slower
than many expected. Nearly 10 years after the peak of the
housing market, home builders have finally worked through
most of their inventories of homes, improved lots and entitled lands already in their portfolios. Even today, investors
looking toward the future remain the dominant buyers. The
recovery came much earlier to the primary markets such as
Orlando and South Florida, and some investors who missed
the opportunities in those areas are taking advantage of
the time lag in our recovery to purchase at historically low
prices. Others who have reaped the rewards of the recovery
in those stronger areas of the real estate economy are doing
some real estate arbitrage and buying into the slower areas
to recover.
able to survive through the most
difficult of times are now being
rewarded as demand for land is
beginning to improve.
Significant Sales
Micco- southern Brevard County 375 acres for $1,477,000
$3,838/ac; transitional natural lands
Indian River Co.- 2/1/2014- 891 acres- $5,183,000 or $5,817/
acre Transitional land east of I-95
Vero Beach-Indian River Co.- 9/29/14- 160 acres-$1,420,000
or $8,875/acre Citrus with the crop
Vero Beach Indian River Co.- 09/01/14- 373 ac- $1,064,000
or $2,852/acre former grove
St. Lucie Co. - 09/12/2014, 1923 acres for $7,271,000 or
$3,781/ac-grove for conversion to farmland
Port St Lucie-Saint Lucie Co.- 6/5/2014 , 1956 acres for
$10,692,000-$5,600/acre; former grove
Values
Market Trends
Agricultural land prices in our area reached a bottom in
the 2010- 2012 period in the $2000 to $3000/acre range.
We have since seen an increase of 30% to 50% in the $3000
to $5000 range and slightly higher in the southern end.
While the recovery has been far from dramatic, it does continue to strengthen, led by high cattle prices, a recovering
economy and alternative agricultural land uses.
The citrus industry remains a challenge as the effects
of greening, canker and “Swingle decline” continue to take
Land owners continue to grapple to find the highest and
best use for their former citrus properties. Cattle grazing is
a prominent use and high cattle prices have created a much
stronger floor value for agricultural lands. Pasture land is
generally considered a fairly low return place holder; however, it does allow land owners to retain their agricultural
exemption and generate a little income. Longer term many
are investigating other forms of agriculture or waiting for a
recovery in the housing market to stir demand. Much of the
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Citrus - East Coast
Former Citrus Lands
(continued)
Central Florida
land in the southern end of the Treasure Coast is being converted to vegetable farm lands or sugar cane, primarily due
to the proximity to sugar refineries and warmer climates.
These more intense uses have raised agricultural land
prices in that area. The Treasure Coast is blessed with warm
weather, a long growing season, reasonably priced land,
and adequate water supplies. However, our sandy soils with
very low fertility and water holding capacity, erratic weather, and our semitropical climate, which creates a wonderful
environment for pest and diseases, all combine to create a
very challenging environment for growers inexperienced in
Florida farming.
Other farmers are exploring conservation type uses
for their properties. A number of pilot programs are in the
works in cooperation between farmers and the state government for growers to store water on their farms during
periods of excess rainfall. This program known as “water
farming” pays farmers to store water for use during drought
periods and eliminates significant discharges into environmentally sensitive areas during the rainy season. Others are
exploring conservation easements including WRP (Wetland
Reserve Program) in which the USDA-NRCS purchases a
conservation easement on the property for the right to
store water on the property. We recently represented a
large grower for this type of easement resulting in nearly
$30 million in compensation for just over 4,000 acres
of grove.
In summary, the land market in the Treasure Coast is
continuing its recovery, slowly returning to a much healthier
state. Buyers are returning to the area and sellers are taking advantage of more traditional land prices to liquidate
properties that they have been holding much longer than
planned. This has been a change year for many citrus growers whose groves have gone from income producing to
requiring investment for replanting and production costs.
This reality has caused many growers to reevaluate their
commitment of time, capital investment, and perseverance
needed to see the light at the end of the tunnel. Ultimately
we are transitioning from an almost pure citrus agricultural
community to a healthy, much more diverse community
with many forms of agriculture including cattle, vegetables,
corn, sugarcane, tropical fruits, and yes, citrus. Change is
always difficult and while many of us will always love and
miss the citrus industry as it once was, it is gratifying to be
a small part in the transition of our landscape into a much
more diverse and interesting
agricultural community.
We continue to see former
citrus groves transition to other
agricultural uses or to development--primarily residential
development. We have broken
this category into two charts, one
Dean Saunders
depicting these tracts transitionALC, CCIM, Broker
ing to some other agricultural use
Florida Land and
Conservation Easements
such as farm land and one showing the land transitioning
to development.
Just over 10,000 acres of former citrus land was sold
for other use at an average price of $5,100 per acre,
while over 13,000 acres sold for development or longterm investment for an average price over $15,400 per
acre. If one large 9,680 acre tract is removed from the
mix, this price per acre jumps to an average of over
$29,000 per acre.
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Central Florida Farmland/Cropland
Southwest and Central Florida
Sales Activities
enough rental income to provide this
type of investor with a 5% to 6% return.
It is becoming more common to observe
negotiations or actual sales, which involve 5 to 10 year “lease-back” of a sale
property by the seller who will continue
Ben Gibson
farming the tract to provide the invesFarm, Ranch, Citrus
tor with a desired return.
Land Specialist
Demand for farmland in this area of State-certified General
Real Estate Appraiser
Florida continues to be heavily influenced by tomato growers. The Florida
tomato industry continues to experience low or fluctuating prices, which has resulted in a significant number of
farmers reducing their planted acreage. The
demand for large acreage tracts of farmland remains weak because most established farming operations are hesitant to
expand their operations until fresh produce
prices recover and there is some sense of
stability in the U.S. economy. Overall, the
sale of farmland remains a buyer’s market,
not just in local areas but statewide.
Overall lease rates have remained relatively stable from the previous year with rates
for row crops continuing to range from
$200 to $435/farmable acre with some of
the highest rates seen near the community
of Immokalee in Collier County. Typical
lease rates in eastern Manatee County range from $250
to $300/farmable acre. Lease rates in the interior counties
typically range between $200 - $300/farmable acre.
Lease rates higher than market averages are observed
on farms with an on-site packinghouse or cooler facilities.
Rates are site specific and can be heavily influenced by the
farm’s location, soils, type of irrigation, and quality of the
irrigation water.
The slow sales activity for farmland observed in 2012
and 2013 continued in 2014. The most notable sale involved the auction of a former citrus grove located in the
Indiantown area of Martin County. The sale consisted of
1,260 acre of abandoned citrus and was purchased by a
global food company as part of their continued expansion
in the fresh produce market. The site will be converted
into a row crop operation primarily growing tomatoes.
As was the case in 2013, the growing region with
the most sales activity was Martin County located in the
southeastern growing region of the state. Four large sales
occurred in Martin County during 2014. One was referenced above. The remaining three sales
consisted of two former citrus groves
and one tract of idle farmland. The two
sales consisting of citrus groves will be
converted into farmland for growing
fresh produce.
Values
It is our opinion that good quality,
irrigated farmland located in the Immokalee (Collier County), Palmetto (Manatee County) and Ruskin (Hillsborough
County) growing regions continues to
have average market values between
$7,000 to $8,500/farmable acre. Per
acre values would increase with closer
proximity to the packinghouse facilities located in Immokalee, Palmetto and Ruskin. In the Ruskin growing region
(Hillsborough County) higher value for farmland is observed in smaller tracts (less than 100 acres) suitable for
developing a planting of strawberries or blueberries. The
interior counties of Polk, Hardee, DeSoto, Highlands and
Okeechobee County have lower per acre values ranging
from $4,500 to $6,000/farmable acre.
Market Trends
There continues to be interest in acquiring farmland
from “equity fund groups” which target properties that
can be leased to area growers for a 5% to 6% capitalization
rate back to the investor. Historically, the average rental
rate for row crop farming in Florida does not generate
Strawberries
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North Florida Cropland
Sugarcane
Northern Peninsular Florida
South Florida
Overview
Sales Activity
The Everglades Agricultural
Area (EAA) consists of approximately 750,000 acres south of Lake
Okeechobee, including parts of Martin, Palm Beach, Hendry, and Glades
counties. By far, the largest land use
David Goodlett
Farmland, Ranchland,
in this geographic region is agriProduction Agriculture,
culture, which consists of approxiConservation Easements mately 400,000 agricultural acres
Also, Vice President of
and 100,000 acres of environmental
Governmental Affairs at Sugar restoration projects. These lands
Cane Growers Cooperative are owned and operated by State of
Florida governmental agencies.
Sugar is king in this region. Twenty
percent of the sugar consumed in the
United States is produced here and the
largest manufacturer of value-added
sugar products in the world has their
roots here....Domino Foods, Inc. However, winter vegetable crops, including corn and leafy vegetables, are significant. In northern peninsular
Florida, the prices of cropland,
and of sites suited to conversion to cropland, were stable to
slightly-increased during 2014
Kevin W. Brown
compared to 2013. Throughout
Creekside Appraisals
most of the region, market activ- State-certified General
ity for large farms was at a low to Real Estate Appraiser
moderate level, and virtually all
of the properties that sold were
for agricultural purposes, rather than some other transitional use.
Overview-St. Johns/East
In the farming area around Hastings, east of the St.
Johns River in St. Johns, Putnam, and Flagler Counties,
the volume of large irrigated cropland sales was low, but
those transactions that did occur showed strong prices:
generally in the $7,000 to $8,000/acre range. This area
is known as the historical center of potato and cabbage farming in north Florida, and it is served by a good
agricultural infrastructure, but the number of commercial farmers has steadily declined over the last several
decades. In their native state, the soils here were mostly
dark flatwoods types, and the land was wet, with a
frequently high water table. After having been ditched
and drained decades ago, it is highly productive for many
types of vegetables. Typically, farms in this region have
been seepage-irrigated by open furrows spaced evenly
across fields, but that method may be changing to other
means, such as overhead or tile drainage, as the conservation of ground and surface water becomes more
important, and as a way of preventing nutrients from
entering the St. Johns River. In addition to the traditional
potatoes and cabbage, more and more specialty and
ethnic crops are being grown in the area. This neighborhood enjoys some cold protection from the nearby river
and ocean, and it is close to transportation routes and a
large east-coast population. Land uses and values here
generally experience a small, but growing, measure of
influence from the steadily-increasing populations of the
metro areas along the nearby Atlantic coastline, less than
15 miles away.
Sales Activity
During the last twelve months, several large land deals
have taken place. The South Florida Water Management
District has traded land previously purchased to enlarge
the footprint of storm water treatment areas (STA-1W) by
almost seven thousand acres.
In addition, land sales in the $12,000- $15,000 per acre
range have been recorded. These historically high prices
can, in most cases, be tied to the need to strengthen volume to existing mills or packaging facilities.
Values
Most believe that pricing which has occurred during
the last 12 months is consolidation occurring between
existing growers. In today’s economic conditions, $15,000
per acre farmland poses significant risk.
Market Trends
Prices are expected to maintain
current levels in the EAA. Although
volume remains tight, lands are available. Land loss to environmental restoration and high price is pushing sugar
cane production into southwestern Martin and southeastern Highlands Counties. This expansion is mainly occurring
as deceased citrus groves are taken out of production.
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North Florida Cropland
Northern Peninsular Florida (continued)
Overview-Panhandle/West
are so few big tracts left, much less on the market at one
time, and the bigger buyers tend to operate under somewhat different economic parameters than smaller local
buyers. Compared to the other counties in the region,
Madison, Suwannee, and Hamilton Counties had the most
active farm land markets in 2014. Although local commodity prices are not great this year, other market forces
will probably continue to influence the demand for our
farm land, such as the worsening problems for western US
Across the peninsula, west of I-75 and from about
Ocala north to the State Line, is a more extensive area of
farmland of a different type: the terrain in this region is
somewhat hillier, the elevations higher, and the light-colored soils tend to be better-drained than around Hastings.
Counties in this region include Levy, Gilchrist, Dixie, Lafayette, Suwannee, Hamilton, and Madison. Even though we
normally receive about 50-55” of rainfall annually, in this
region there are few surface water features, and the loose,
sandy soils are highly-permeable, and dry out quickly. The
aquifer recharges and discharges rapidly, and groundwater
levels can change quickly, depending on rainfall. Here,
commonly-grown field crops include peanuts, field and silage corn, beans, carrots, melons, tobacco, and some small
grains. Ground water from about 50’-200’ deep is usually
the only available source of water for irrigation, and it is
normally distributed across the land via overhead sprinkler
or drip systems. Irrigation pivots have become much more
numerous in this region over the last 20 years, and historically, water-use permits for “reasonable and beneficial”
agricultural purposes have been readily available for new
farms, and those permits have been transferable to buyers of existing farms. Florida water law recognizes existing
legal users, and the aquifer here is incredibly productive,
but everyone knows it is a finite resource that must be
protected, especially during periods of drought. Desired
land attributes for commercial farming operations are big,
open, arable upland areas in shapes and sizes amenable
to pivot circles, with water available for irrigation. Farms
with consumptive use permits are bound to stay in good
demand, we believe.
producers caused by their deepening drought, now making
them look east; our still relatively-low land prices and sofar-wonderfully-productive Florida aquifer; our subtropical
climate with high yearly rainfall; our sandy, workable soils;
and the social trend of favoring locally-grown food. All of
these factors should keep demand high for good farm land. Dry cropland in this area generally sold for between
$2,500 and $3,500/acre in 2014, and the volume of sales
was low to moderate, especially for larger pieces. Purchases of previously-forested properties for the purpose of
conversion to farm land have slowed notably compared to
the previous 2-3 years. This trend is possibly attributable
in part to lower local commodity prices, but it is also due
to the improving economy and fewer forced sales, and,
simply, the dwindling supply of suitable properties. Prices
for the better convertible cut-over tracts have recently
ranged from about $2,200-$3,300/acre, depending on
ground conditions, as well as the motivations of the buyer
and the seller. This does seem to be a significant priceincrease for this land class, compared to last year. In very
broad terms, it can cost $1,000 to $2,000/acre to convert
typical clear-cut forest sites to cropland, and then another
$1,000/acre or more to add wells and typical irrigation
systems. The NRCS has some limited irrigation cost-share
funds that can defray a portion of the cost of new, efficient
irrigation systems for some qualifying farms and farmers.
Values/Market Trends
In 2014 in this western cropland region, irrigated farm
prices have ranged from about $4,500 to $6,300/acre
(including wells and complete irrigation systems), with the
highest acre-prices going to those farms with the highest proportions of irrigated land. Irrigated cropland is the
most valuable of the common use-types, and it is significantly higher-valued than dry land in this market. It is
increasingly common for farm sales in this area to include
irrigation systems, something we didn’t often see until
the last 2-3 years. Also of note, the larger farms haven’t
experienced price discounts due to their size, but instead
seem to enjoy price premiums, in part due to rarity; there
13
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Residential Lots & Land
Central Florida: Hillsborough, Lake, Manatee, Orange, Osceola, Pasco, Polk, Sarasota
Sales Activity
national home builders are able
to do more bulk transactions than
regional builders but are also doing
some takedowns. The term “lot
sales” references bulk purchases,
as compared to a “takedown”,
Clay Taylor, ALC
Residential Development
which is a scheduled purchase of
Land Specialist
lots – possibly six per quarter, for
example. A takedown schedule varies,
but pricing can
be 25-50% higher than lot sales,
depending on
David Hitchcock,
location and
CCIM, ALC
Associate Broker
schedule. Since March of 2014 there has been positive movement in the Central Florida residential development land
market. Residential developers are actively buying properties to develop now, and they are buying well located
properties to position themselves with tracts in the path of
growth that will be developed in the near future.
Builders are buying land to develop, with the national
home builders gobbling up big tracts, while regional home
builders are staying more conservative with smaller pieces
of land. Investors are always in
the game but have to compete with these users (developers and builders) and are
having a harder time finding
great deals that they can carry
for 5-10 years. This is because
of the increased demand and
less distressed properties are
on the market. Some investors
that bought properties during
the crash are now selling for
nice returns. There are many
residential land tracts under
contract now that are going
through the entitlement, approval and permitting process,
which can take anywhere from six months to over
two years. Finished lot sales are very active but there aren’t as
many bulk purchases as in the past few years. Bulk purchase are defined as anything more than 20 lots sold at
one time. There are very few good deals for bulk purchases
in A and B locations, as the surplus inventory is down. Also,
because of the cost to carry, many builders are being more
conservative and buying lots in takedowns even though
they pay more per lot. Takedowns are where buyers
purchase a set amount of lots each month or quarter. The
Values
Ag Transitional, Residential
Development
Osceola
County includes the St.Cloud and
Kissimmee areas that are doing
very well and are up from last
year. It is a short commute from
those areas to Orlando. Residential land sales are averaging
$44,246 per upland acre. Builders
already own most of the finished
lots, therefore there were not
many lot sales. In Lake County there is a
lot of action along Hwy 27 and The Florida Turnpike. The
lakes, rolling elevation and proximity to Orlando are very
desirable. Clermont, Leesburg, Mt. Dora, Tavares, and
Eustis are popular locations with development land
averaging $28,619 per upland acre and lots in bulk are
$20,869 per lot. To buy land or lots in Orange county means buying
at a premium, with all the jobs, shopping, restaurants,
and attractions the area has to offer. Development land
is averaging $87,977 per upland acre in 17 large transactions closed in the last year. Most of these closings were by
14
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Residential Lots & Land
Central Florida (continued)
builders, which is a good indication that new subdivisions
are around the corner. There were some, but not a high
volume, of bulk lot sales. The sales that closed showed
bulk lot prices at an amazing $77,283 per lot. Pasco County is in the path of growth as Tampa
stretches to the north, but it is slow moving. Development is ongoing, but not nearly at the rate of Osceola,
Lake, and Orange County. Residential land is $19,663
per upland acre on the average and there were not many
bulk finished lot sales. Some small takedowns occurred
around the county. There are some big projects planned
in a few places in Pasco but it may be a while before they
are started.
New development in Hillsborough County is mostly
in the Riverview area and some remaining pockets in
greater Tampa. Riverview has good proximity to Tampa
and is an easy commute for work. There is plenty of shopping, restaurants, and schools in the Riverview, Brandon,
Bloomingdale, Fishhawk, and Seffner area, where there
is more land available too. Hillsborough County bulk lot
sales averaged $40,030 and land to develop cost an average per upland acre of $79,412. Polk County, situated between Tampa and Orlando,
has value in what’s called the I-4 corridor and in the bigger cities (Lakeland and Winter Haven). Polk is very rural
in the south part of the county, but in the north part
especially the northeast corner in Davenport and north
of Auburndale, Haines City, and Lake Alfred activity is
steady. Bulk lots are $34,781 per lot and residential tracts
are $24,077 per upland acre. Manatee and Sarasota County are getting a lot of
attention from developers and builders. Both counties
offer high quality places to live and quick access to some
of Florida’s prettiest beaches on the Gulf of Mexico. The
Bradenton, Lakewood Ranch, Parrish, and Palmetto areas
are growing in Manatee. In Sarasota, Venice and North
Port have shown the most activity. Manatee County
residential land averaged $38,814 per upland acre and
finished lots in bulk are $63,323. In Sarasota County, land
to develop for homes is $110,034 per upland acre, and
bulk lots are $68,998 per lot. As you can see both counties have high values that relate to supply and demand in
the western parts of both counties. Market Trends
Residential land and finished lot sales are a reflection of the housing market. Sales volume and prices of
finished single family homes both increased in 2014 in
relation to previous years, but price slowed down near
the end of the year. Construction costs have increased
and most builders have not been able to pass this on in
increased prices of homes. This has caused a very conservative approach by builders in developing lots or buying
lots from developers. In many counties impact fees are
coming back (from moratoriums) or being increased in
places where they are already back. These factors have
caused price conscious builders to buy carefully, and not
overpay for development or lots.
There are always challengers in the housing market
and now is no different. However, through these challenges there is more dirt being developed, more houses
being built, and more homes being purchased. It is a slow,
steady (and healthy) rate of growth for this market. Hunting Property
Game Cams!
Watch Game on
Hunting Properties
in Real Time!
Game Cams are placed
near feeders on select
properties to capture
game activity
24-hours-a-day.
SaundersGameCams.com
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Conservation Easements, Conservation Sales and Remainder Rights
State of Florida
Conservation Sales
ments done by the Green Swamp
Land Authority (the first governmental entity to purchase conservation
easements); these easements are the
most flexible. And, the final one by
the Department of Environmental
Dean Saunders
Protection (DEP) which is
ALC,
CCIM, Broker
reasonably flexible.
Florida Land and
The WRP sales were $339, $625,
Conservation Easements
$650, and $1,173 per acre, and
when considering what the properties would have sold
for if they were unencumbered, the remainder rights sold
for between 21% and 30% of the fair market value. The
Land Protection Agreement and the DEP sales ranged from
$1,141 to $1,562 per acre. Again, comparing to the fair
market value of the property as if it were unencumbered,
the percentage of value is in the 50% range. This is higher
than the Remainder Right Sales of WRP land because the
easements are much more flexible.
This past November, by an overwhelming 75% margin, Florida voters approved an Amendment to Florida’s
Constitution to set aside 33% of the documentary stamp
tax revenue each year to acquire lands and easements
for conservation and water resource protection. Early
estimates for 2015 are that over $700 million would be
available. However, the Florida Legislature must write the
legislation to implement the Amendment and it may not
resemble what the voters thought they passed...
Remember the Lottery?
There were a handful of conservation sales this year
(land sold to a governmental agency for conservation purposes). They were primarily buffers or connectors to existing public land. There were two notable transactions. The
first sale was 3,487 acres of the Pinhook Swamp by The
Conservation Fund to the US Forest Service. The second
was an elaborate land swap of the South Florida Water
Management District with two agricultural compaines in
the Everglades for expansion of one of their stormwater
treatment areas.
Conservation Easement Sales
The US Deptartment of
Agriculture was the only agency
Remainder Right Sales
that purchased conservation ease When a property that is encumbered with a conservaments in 2014. They purchased
tion easement sells, it is often referred to as a “Remainder
just over 10,000 acres of easeRight” sale or an “Encumbered Land ” sale. We evaluated
ments in seven different transacseven such sales that occurred in 2014. Four of these
tions ranging in value from $1,930
sales were of lands encumbered with a Wetlands Reserve
per acre to $7,200 per acre.
Program (WRP) easement, which is the most restrictive
The Florida Department of
easement. Two of the sales were Land Protection AgreeAgriculture oversees the Rural
and Family Lands Program, which
WRP Geographic Area Rate Cap (GARC) - Used by USDA for Easement Values
is essentially a conservation
Land Type
North Florida Central Florida
South Florida
easement program for farmers.
GARC $/ac
GARC $/ac
GARC $/ac
They received $11,000,000 in
Cropland - Irrigated Organic
$6,080
$6,080
$6,460
funding last year and are working
Cropland - Non-irrigated Organic
$4,560
$4,560
$4,940
on a number of easements that
Cropland - Irrigated Mineral
$3,610
$3,420
$3,420
should close in 2015.
Additionally, the US Fish and
Cropland - Non-irrigated Mineral
$2,888
$288
$2,888
Wildlife
Service continues to
Pastureland Improved
$2,660
$3,116
$2,622
attempt to purchase easements
Pastureland Semi-Improved
$2,128
$1,976
$2,166
in the northern Everglades.
Wooded/Forested Land
$2,204
$2,166
$2,166
Rumor is that they have a few
Natural
$1,672
$1,672
$1,672
deals under contract but this has
Wetlands
$1,064
$1,064
$1,064
not been verified.
Citrus
N/A
$8,740
$7,600
16
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Conservation Easements
Are They Right for You?
Conservation Real Estate is intricate…Ease that complexity and tap into our
60+ years’ experience in this area. We’ve developed a special on-site property assessment tool
to give you crystal clear understanding about conservation and its potential fit for your property.
Call, email, or visit us to order your assessment today!
863.648.1528
[email protected]
FloridaConservationEasements.com
•High Springs
Coldwell Banker Commercial
Saunders Real Estate
Forestry Group
•Lakeland
Coldwell Banker Commercial
Saunders Real Estate
Contributors
This market report was made possible by Coldwell Banker Commercial Saunders Real Estate land professionals, staff, and
the professional network of real estate appraisers and consultants.
Brian Beasley,
CCA, CNLM
Farm, Ranch, Citrus
Land Specialist
Land Management
Kevin W. Brown
Appraiser
Creekside
Appraisals, LLC
Brian is associate broker and contributes
to the management and brokerage of
citrus groves, agricultural crop, timberland,
commercial property, and natural areas
in Central and South Florida. He is highly
qualified through experience and accreditation
for land management activities. He is general
manager for Saunders Property Management,
LLC, where he currently oversees 50,000
acres of citrus, cattle, sod, native land, and
timber. He earned a BS in Agriculture from the
University of Florida. He is involved in a variety
of citrus and ag organizations.
Ben Gibson
Farm, Ranch, Citrus
Land Specialist
State-certified General
Real Estate Appraiser
Kevin recently retired from Farm Credit of
Florida after 29 years. For the last 15 years
he was Chief Appraiser, managing their
collateral function. Last year he started his
own farm and forest land appraisal company,
Creekside Appraisals, in Alachua, Florida. He
is a certified general appraiser in Florida and
Georgia, and a real estate sales associate in
Florida. He has a BS in Agriculture from UF.
Kevin serves on the Suwannee River Water
Management District governing board.
David specializes in farmland, production
agriculture, ranchlands, and conservation
easements. He has considerable experience
with muck lands, organic soil, and raw
sugar process and refining. David graduated
from Florida State University and received
a Masters of Pubic Admin. (MPA) degree
from Nova Southeastern University. During
his career, David has dealt directly with
agricultural leaders and many of the state’s
largest landowners. In 1985, he was hired
by the Sugar Industry where he now serves
as Vice President of Government and
Community Relations.
David Goodlett
Senior Vice President
of Gov’t Affairs
at Sugar Cane
Growers Cooperative
Farm, Ranch, Prod.
Ag, Conservation
Jeff comes from a fourth generation agricultural family and 23 years of progressive
agricultural management positions. He is the
recipient of a number of top sales awards
and now specializes in large tracts of agricultural and transition real estate. He has a BS
degree in agriculture and MS degree in business/Entrepreneurship from the University
Jeff Cusson,
of Florida, where he was inducted into Beta
CCIM
Gamma Sigma Honor Society. Jeff is a memAgricultural,
ber of the Agricultural Advisory Committee
Transition, Industrial for Indian River State College, Chairman of
Land Specialist
his Church Council and has participated in a
dozen international mission trips.
A 5th-generation Floridian, Ben’s family
has a long history as citrus growers. Ben
has been in real estate since 1995. He
is a State Certified General Real Estate
Appraiser with over 26 years of experience
appraising agricultural properties. Specialties
include farmland, ranches, citrus groves,
packinghouses, and various specialty
operations, such as blueberries and dairies.
Ben obtained a BS degree in Fruit Crops
(citrus) from the University of Florida. He
serves in leadership roles and is active in
many agricultural and farming organizations.
David is a 30-year veteran of the Florida
Agribusiness industry, with previous
management positions for Bob Paul Citrus,
Alcoma Packaging, Haines City CGA, and Helena
Chemical. Since, David has concentrated on res.
dev. properties, selling many finished residential
subdivisions, as well as bulk acreage for
development. His diverse background gives him
David Hitchcock, knowledge of properties throughout the State
CCIM, ALC
Associate Broker of Florida, helping ag property owners as they
decide how to transition their properties to
Ag Transitional,
other uses. He obtained a BS degree in Physical
Residential
Education from the University of Florida.
Development
Richard specializes in ag, citrus, large-acreage
tracts, ranches, hunting tracts, commercial and
dev. land. Formerly an appraiser for the Polk Co.
Property Appraiser’s office and 13 years with
an ag lender, he is experienced in 25,000-acre
groves, commercial, down to small residential
tracts. He earns numerous industry awards for
outstanding sales, including 4 awards in the top Donovan Jones
Richard Dempsey, 2% in the entire CBC network. He was inducted
Real Estate Analyst
ALC
into the Florida Realtors® Honor Society and
& GIS Mapping
Land Professional he served as the 2012 Florida Realtors® Distr.
Specialist
Ag, Citrus, Ranches, 10 VP, among many. He serves as a National
Hunting/Rec Land,
Association of Realtors® liaison Federal Political
Com/Dev Land
Coordinator for U.S. Congressman Dennis Ross.
Donovan is a 13th generation Floridian.
He is a real estate analyst, who manages
the Florida property research efforts to
provide statistical data on land sales. He
was formerly in financial services research
and analysis and was a school teacher. He
earned a bachelor of science, Social Science
and History degree from Flagler College
in St. Augustine, FL and is a licensed real
estate associate.
18
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Contributors
Dean Saunders, ALC, CCIM
Clifford M. Bowen, Jr, SRA, IFAS
President, Land Broker
Florida Land and Conservation
Easement Expert
Agri-Property Consultants, Inc.
Ft. Myers, FL · 239.936.4041 x12 / [email protected]
State-certified general real estate appraiser #RZ 376
Kevin W. Brown, Creekside Appraisals
Alachua, FL · 352.339.5646 / kbrown@creeksideappraisalsllc. com
State-certified general real estate appraiser #RZ 1777
Dean Saunders has produced Land
Conferences based upon professional land market opinions of
the state-of-the-current land market since 2005.
Today, Dean’s data-driven vision of the future of land
market analysis is revealed for 2014 in this Florida Land
Conference. Land market analysis presented is founded upon
sound, accurate, and verified sales data for specific property
types.
Dean is a sixth-generation Floridian with a strong
agricultural background and is a recognized expert on
conservation easements and Florida land.
He served as Agricultural Liaison, Special Assistant, and
Director of External Affairs to US Senator and then Florida
Governor Lawton Chiles. As a former elected Florida legislator,
his passion for landowner property rights and conservation
resulted in groundbreaking conservation legislation.
Dean receives significant recognition for exemplary sales
performance from both the Coldwell Banker Commercial
affiliate network and regional industry organizations. He has
earned the #1 and #2 Sales Professional recognition in the
Coldwell Banker Commercial affiliate network multiple times.
He has led the company to Coldwell Banker Commercial’s
highest honor, the Commercial Elite award for outstanding
sales performance and customer service multiple times.
Under his leadership, the company has been listed in The
Land Report as one of America’s Top Brokerages every year
since the recognition’s inception.
Dean has authored the benchmark award-winning
consumer publication We Create Solutions: A Primer on
Conservation Easements and produces a series of popular
Florida Land Conferences on a variety of land market subjects.
He is the creator and publisher of the revolutionary Lay of
the Land Market Report that is based upon actual verified sales
data and not opinion. His work with the complex process to
obtain data has become a reality through investment in time,
technology and staff.
Clay Taylor,
ALC
Residential
Development
Land Specialist
Daniel E. Ceilley, Agri-Property Consultants, Inc.
Ft. Myers, FL · 239.936.4041 x15 / [email protected]
State-certified general real estate appraiser #RZ 3351
Scott Brodbeck, Legacy Appraisal Services
High Springs, FL · 386-454-1121 / [email protected]
State-certified general real estate appraiser #RZ 3386
Benjamin Gibson, Rabo AgriFinance
Bradenton, FL · 941.737.2800 / [email protected]
State-certified general real estate appraiser #RZ 1740
Philip M. Holden, MAI, S.F. Holden, Inc.
Palm Beach Gardens, FL · 561.626.2004 / [email protected]
State-certified general real estate appraiser #RZ 3683
Tim Holden, S.F. Holden, Inc.
Palm Beach Gardens, FL · 561.626.2004 / [email protected]
State-certified general real estate appraiser #RZ 3683
C. Michael Seney, MAI, A.R.E.A. Real Estate Appraisers, Inc.
Winter Haven, FL · 863.294.2384/ [email protected]
State-certified general real estate appraiser #RZ 2558
Jim Pruitt, A.R.E.A. Real Estate Appraisers, Inc.
Winter Haven, FL · 863.412.7787/ [email protected]
State-certified general real estate appraiser #RZ 2543
Clay specializes in development land (finished
lots, subdivisions, and entitled acreage), ag
land, hunting/rec. tracts, and ranches. He
obtained a BS degree in Food and Resource
Economics from the University of Florida.
For 23 years he was with the Polk County
School Board. For 10 years he served as the
defensive coordinator, where he helped lead
the LHS team to the State Championship
six times and the “mythical” National
Championship twice. He serves as treasurer
of the Florida Realtors® Land Institute (RLI).
He has received a variety of top sales awards
from Coldwell Banker Commercial and RLI.
Coldwell Banker Commercial Saunders Real Estate
Tony is a timberland specialist, who is
part of the CBCSRE Forestry Group. He
also is a partner/COO of Natural Resource
Planning Services, Inc., Tony has extensive
experience and expertise in timberland
management and sales. He has a BS degree
in forestry and 29 years of experience in the
Tony Wallace, CF field of forestry. In addition to being a SAFForestry Group certified (Society of American Foresters)
forester, he is also a licensed real estate
Timberland
broker and state-certified general real
Specialist
estate appraiser.
19
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Notable, Unique, and Significant Transactions
County
DESOTO
HENDRY
HIGHLANDS
HIGHLANDS
HIGHLANDS
DESOTO
HIGHLANDS
MULTIPLE
HIGHLANDS
*
**
Sale Date
12/1/2014
11/21/2014
11/14/2014
9/29/2014
9/25/2014
9/23/2014
7/15/2014
3/4/2014
1/24/2014
Total Ac
20,263
30,959
33,000
9,252
4,475
1,241
15,200
380,000
5,594
Sale Amt
$274,000,000
$97,914,000
$56,956,600
$19,898,600
$8,000,000
$15,500,000
$9,496,500
$562,020,000
$23,390,500
Notes
*
*
**
**
**
*
**
**
Same company involved in transactions
Same seller for all transactions
Ranch and Recreational Sales
County
Sale Date
Total Ac
Sale Amt
OKEECHOBEE
OKEECHOBEE
OSCEOLA
DESOTO
HIGHLANDS
HARDEE
HIGHLANDS
HIGHLANDS
MANATEE
SUMTER
HENDRY
SUMTER
MARTIN
POLK
OKEECHOBEE
DESOTO
HIGHLANDS
OSCEOLA
OKEECHOBEE
MADISON
POLK
OKEECHOBEE
LEVY
FLAGLER
12/30/2014
12/23/2014
12/18/2014
12/12/2014
11/14/2014
11/13/2014
11/7/2014
9/29/2014
9/16/2014
9/1/2014
8/19/2014
8/1/2014
7/22/2014
7/1/2014
6/6/2014
6/2/2014
5/29/2014
4/16/2014
4/14/2014
4/11/2014
4/11/2014
3/27/2014
1/31/2014
1/22/2014
1,329
1,054
3,216
8,784
33,000
651
1,934
9,252
4,529
4,056
970
768
1,521
2,812
663
577
1,037
1,129
680
1,666
1,620
882
672
655
$4,651,000
$4,094,100
$6,560,000
$21,970,000
$56,956,600
$1,600,000
$6,696,400
$19,898,600
$13,000,000
$12,295,000
$2,165,900
$2,975,500
$6,121,400
$5,622,900
$1,934,100
$1,740,000
$4,040,400
$3,600,000
$2,380,000
$4,600,000
$6,315,800
$3,069,500
$826,700
$1,875,000
*
**
Amt Gross
$13,522
$3,163
$1,726
$2,151
$1,788
$12,490
$625
$1,479
$4,181
Amt Gross % Wetlands % Improved
Pasture
$3,500
21.1%
77.0%
$3,884
5.1%
82.9%
$2,040
32.0%
36.4%
$2,501
16.7%
71.0%
$1,726
25.0%
37.6%
$2,458
74.1%
5.3%
$3,462
8.7%
87.0%
$2,151
14.9%
61.4%
$2,870
24.0%
59.8%
$3,032
11.9%
10.3%
$2,234
1.8%
93.6%
$3,874
17.4%
62.3%
$4,025
16.5%
79.0%
$2,000
53.7%
18.2%
$2,919
21.4%
77.6%
$3,015
17.6%
63.8%
$3,898
3.2%
96.8%
$3,188
22.1%
6.0%
$3,500
4.0%
92.2%
$2,762
32.7%
19.0%
$3,900
3.0%
48.8%
$3,481
27.7%
60.1%
$1,230
61.8%
9.4%
$2,863
25.4%
54.9%
Mostly unimproved pasture & wetlands with bad access
No mineral rights
20
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Notes
*
**
Timber
County
PUTNAM
GADSDEN
LIBERTY
MARION
JEFFERSON
WASHINGTON
LAFAYETTE
GILCHRIST
NASSAU
GADSDEN
BAKER
JACKSON
LEVY
FLAGLER
OKALOOSA
MULTIPLE
LEVY
FLAGLER
MARION
WASHINGTON
OKALOOSA
Sugarcane
County
HENDRY
PALM_BEACH
PALM_BEACH
PALM_BEACH
GLADES
GLADES
HENDRY
Sale
Total Ac Sale Amt
12/5/14
4,568
$5,291,440
11/19/14 3,847
$7,116,950
10/22/14 2,370
$3,626,100
8/29/14
5,187
$12,149,500
8/21/14
2,821
$3,051,900
8/18/14
991
$1,190,983
7/3/14
6,710
$8,500,000
6/19/14
19,556
$22,000,000
6/5/14
774
$1,315,800
4/24/14
3,955
$5,848,640
4/22/14
9,901
$13,270,000
4/14/14
2,648
$3,265,000
4/11/14
789
$1,371,900
4/7/14
1,657
$2,167,600
3/7/14
1,155
$1,500,000
3/4/14
380,000 $562,020,000
2/28/14
2,385
$9,539,600
2/20/14
5,918
$8,725,000
2/1/14
719
$1,300,000
1/22/14
986
$1,189,200
1/9/14
10,050
$8,291,300
Sale Date
11/21/14
9/22/14
9/22/14
4/21/14
1/30/14
1/30/14
1/1/14
Total Ac
30,959
2,876
6,074
2,876
246
153
484
Farmable Ac
19,181
2,875
6,067
2,875
245
153
469
Bare Land
$1,158
N/A
$903
N/A
N/A
$735
$810
$633
$1,244
$979
$989
$649
N/A
$888
$658
$959
N/A
$722
$1,807
$733
$825
Sale Amt
$97,914,000
$37,168,300
$91,346,800
$23,724,200
$1,962,600
$1,276,900
$2,872,500
Timber Price
$0
N/A
$627
N/A
N/A
$467
$457
$492
$457
$500
$351
$584
N/A
$420
$641
$520
N/A
$752
$0
$473
$0
Gross/Ac
$3,163
$12,924
$15,039
$8,249
$7,991
$8,338
$5,930
Gross/Ac
$1,158
$1,850
$1,530
$2,342
$1,082
$1,202
$1,267
$1,125
$1,701
$1,479
$1,340
$1,233
$1,738
$1,308
$1,299
$1,479
$4,000
$1,474
$1,807
$1,206
$825
Farmable/Ac
$5,000
$12,930
$15,057
$8,253
$8,007
$8,338
$6,126
21
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Citrus
County
HARDEE
MARTIN
POLK
HARDEE
POLK
POLK
DESOTO
HARDEE
OKEECHOBEE
HIGHLANDS
DESOTO
POLK
POLK
POLK
POLK
HIGHLANDS
HARDEE
POLK
POLK
DESOTO
HARDEE
HIGHLANDS
POLK
POLK
CHARLOTTE
INDIAN_RIVER
POLK
POLK
POLK
HIGHLANDS
POLK
HIGHLANDS
COLLIER
HIGHLANDS
POLK
OKEECHOBEE
Sale Date Total Ac Tree Ac
12/23/14 264
209
12/22/14 1,284
1,153
12/22/14 335
325
12/18/14 33
32
12/12/14 59
59
12/11/14 35
35
12/5/14
54
51
12/4/14
177
123
12/4/14
1,276
1,000
12/1/14
417
387
12/1/14
20,263
N/A
11/17/14 180
180
11/10/14 20
14
11/7/14
50
48
11/7/14
20
20
10/27/14 30
25
10/15/14 20
20
10/3/14
20
20
10/3/14
80
79
9/23/14
1,241
935
9/23/14
73
51
9/15/14
30
30
9/12/14
40
40
9/12/14
20
20
9/4/14
1,477
1,264
9/1/14
160
145
8/26/14
20
20
8/13/14
34
34
7/30/14
20
20
7/18/14
30
29
7/10/14
30
30
6/23/14
36
33
6/18/14
116
93
6/16/14
106
89
6/13/14
20
20
6/6/14
264
215
Sale Amt
$2,000,000
$7,500,000
$4,500,000
$304,000
$360,000
$350,000
$288,000
$1,350,000
$4,750,000
$5,650,000
$274,000,000
$1,317,100
$186,000
$300,000
$185,000
$210,000
$290,000
$240,000
$640,000
$15,500,000
$405,000
$210,000
$280,000
$160,000
$12,259,800
$1,420,000
$110,000
$335,000
$280,000
$250,000
$240,000
$247,000
$1,200,000
$600,000
$200,000
$1,900,000
Amt Gross Amt Tree Ac Notes
$7,582
$9,589
$5,841
$6,505
$13,440
$13,837
$9,232
$9,406
$6,071
$6,069
$9,974
$9,974
$5,302
$5,630
$7,627
$10,976
$3,723
$4,750
$13,534
$14,587
$13,522
N/A
*
$7,304
$7,304
$9,300
$13,687
$5,952
$6,237
$9,250
$9,386
$7,000
$8,571
$14,751
$14,872
$12,000
$12,000
$7,988
$8,077
$12,490
$16,578
$5,535
$7,889
$7,000
$7,000
$6,981
$7,019
$8,081
$8,205
$8,298
$9,698
$8,875
$9,793
$5,553
$5,553
$9,902
$9,902
**
$14,000
$14,070
$8,342
$8,556
$7,908
$7,968
$6,773
$7,446
$10,316
$12,863
$5,661
$6,751
$10,000
$10,000
$7,197
$8,839
22
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Citrus (continued)
County
Sale Date
POLK
POLK
POLK
POLK
POLK
POLK
POLK
COLLIER
HIGHLANDS
POLK
DESOTO
POLK
HARDEE
DESOTO
POLK
POLK
GLADES
HENDRY
POLK
POLK
POLK
POLK
POLK
OKEECHOBEE
POLK
DESOTO
HIGHLANDS
HARDEE
HARDEE
POLK
HIGHLANDS
HARDEE
6/5/14
5/30/14
5/30/14
5/16/14
5/14/14
5/5/14
4/24/14
4/9/14
4/8/14
4/7/14
4/2/14
3/20/14
3/19/14
3/14/14
3/5/14
3/5/14
3/3/14
3/1/14
2/27/14
2/21/14
1/31/14
1/30/14
1/30/14
1/30/14
1/28/14
1/28/14
1/27/14
1/21/14
1/15/14
1/9/14
1/3/14
1/2/14
*
**
***
Total
Ac
28
30
36
115
20
82
46
81
20
40
30
39
32
39
78
78
828
332
44
20
127
20
20
293
50
247
35
38
37
86
24
20
Tree Ac
Sale Amt
28
18
36
110
20
80
46
81
19
40
27
25
32
38
74
74
727
252
44
20
72
19
18
236
50
81
35
30
33
81
24
20
$175,000
$175,000
$475,000
$900,001
$200,000
$750,000
$680,000
$723,700
$160,000
$377,000
$168,500
$260,000
$265,000
$160,000
$800,000
$800,000
$3,750,000
$3,000,000
$575,000
$200,000
$695,000
$300,000
$300,000
$1,904,500
$815,000
$1,150,000
$455,000
$272,400
$230,000
$820,600
$300,000
$230,000
Amt Gross Amt Tree
Ac
$6,272
$6,295
$5,833
$6,627
$13,122
$13,122
$7,815
$8,214
$10,000
$10,000
$9,200
$9,432
$14,906
$14,906
$8,946
$8,946
$8,122
$8,556
$9,399
$9,399
$5,673
$6,264
$6,633
$10,359
$8,204
$8,230
$4,056
$4,183
$10,256
$10,777
$10,243
$10,825
$4,530
$5,160
$9,049
$11,924
$12,980
$12,980
$10,000
$10,000
$3,452
$6,102
$15,000
$15,544
$15,000
$16,797
$3,452
$6,102
$3,452
$6,102
$4,665
$6,020
$12,926
$13,000
$7,187
$9,110
$6,216
$6,936
$9,506
$10,128
$12,605
$12,605
$11,500
$11,616
Notes
***
Include buildings, equipment, and nursery, etc.
$170,000 in improvements
$4,000 per ranch/rec acre
23
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Former Citrus - Transitioning to other Agriculture
County
MARTIN
HIGHLANDS
ST_LUCIE
INDIAN_RIVER
ST_LUCIE
HIGHLANDS
MARTIN
INDIAN_RIVER
OKEECHOBEE
MARTIN
MARTIN
POLK
MARTIN
Sale Date
12/22/2014
12/5/2014
9/8/2014
9/1/2014
6/5/2014
3/17/2014
2/7/2014
2/1/2014
1/30/2014
1/27/2014
1/22/2014
1/17/2014
1/10/2014
Total Ac
1,284
49
1,928
373
1,956
28
118
891
293
20
646
76
3,079
Sale Amt
$7,500,000
$235,200
$7,271,300
$1,064,300
$10,692,000
$160,000
$437,500
$5,183,000
$1,904,500
$110,000
$4,300,000
$540,000
$15,398,100
Amt Gross
$5,841
$4,800
$3,771
$2,852
$5,465
$5,755
$3,717
$5,818
$6,502
$5,500
$6,653
$7,077
$5,002
Notes
*
*
*
Amt Gross
$83,750
$63,526
$6,607
$22,061
$40,278
$32,000
$189,041
$58,927
$181,529
$10,650
$120,000
$7,456
$60,078
$77,381
$5,500
$7,687
$47,930
Notes
*
*
*
* Transitioning to Farmland
Former Citrus - Transitioning to Development
County
POLK
OSCEOLA
ST_LUCIE
VOLUSIA
PALM_BEACH
POLK
COLLIER
COLLIER
COLLIER
SARASOTA
ORANGE
MANATEE
POLK
LAKE
MANATEE
SARASOTA
OSCEOLA
Sale Date
10/23/2014
9/30/2014
9/26/2014
9/11/2014
8/1/2014
7/11/2014
6/25/2014
6/6/2014
6/2/2014
5/28/2014
4/20/2014
4/10/2014
4/4/2014
3/31/2014
3/5/2014
2/7/2014
1/2/2014
Total Ac
40
111
28
40
144
50
59
129
132
9,680
40
537
26
34
682
1,041
230
Sales Amt
$3,350,000
$7,042,500
$185,000
$887,500
$5,800,000
$1,600,000
$11,153,400
$7,585,100
$23,881,900
$103,085,360
$4,800,000
$4,000,000
$1,550,000
$2,600,000
$3,750,000
$8,000,000
$11,000,000
*
*
*
*
* Not citrus but former ranch land
24
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Central Florida Farms
County
SARASOTA
MANATEE
OKEECHOBEE
MANATEE
MARTIN
MANATEE
COLLIER
Sale Date
12/18/14
9/29/14
7/15/14
6/26/14
3/28/14
3/5/14
2/1/14
Total Ac Farmable Ac
910
673
808
732
1,896
1,345
647
572
2,555
2,520
340
289
102
78
Sale Amt
$12,500,000
$13,765,000
$8,243,300
$5,250,000
$15,950,000
$2,025,500
$517,400
Gross/Ac Farmable/Ac Notes
$13,732
$18,575
$17,036
$18,818
*
$4,348
$6,127
$8,109
$9,187
$6,243
$6,330
**
$5,957
$7,000
$5,073
$6,633
* Farm, Strawberry, Packing House
** Former Citrus-Farmland
North Florida Farms
County
HAMILTON
ST JOHNS
FLAGLER
MADISON
MADISON
SUWANNEE
SANTA_ROSA
ST JOHNS
MADISON
MADISON
WALTON
LEVY
Sale Date
12/16/14
11/21/14
11/10/14
9/18/14
9/9/14
9/1/14
5/21/14
5/15/14
5/8/14
4/18/14
3/26/14
3/18/14
Total Ac
192
273
237
972
505
4,626
121
752
130
1,358
158
216
Farmable Ac
168
273
235
967
372
3,798
115
727
89
1,358
123
213
LEVY
3/18/14
200
196
HERNANDO 3/7/14
440
328
MADISON
2/19/14
158
129
LEVY
2/4/14
239
196
* Potato
** $2,000 per acre allocated for other land
Strawberry Farms
County
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
Sale Date Total Ac
11/14/14 34
10/23/14 29
9/19/14
21
8/20/14
9
7/18/14
5.
6/20/14
94
2/26/14
16
2/26/14
10
Sale Amt
$1,127,900
$2,000,000
$1,863,900
$7,086,500
$3,060,000
$27,961,945
$413,000
$5,979,900
$429,000
$7,394,000
$527,571
$742,100
Gross/Ac Farmable/Ac Notes
$5,874
$6,714
$7,326
$7,326
*
$7,869
$7,937
*
$7,294
$7,332
$6,059
$8,236
$6,045
$6,926
**
$3,419
$3,604
$7,948
$8,225
*
$3,297
$4,804
$5,443
$5,445
$3,335
$4,289
$3,444
$3,490
$742,100
$1,800,100
$688,300
$853,200
$3,714
$4,094
$4,365
$3,570
Farmable Ac
34
25
19
6
5
78
16
8
Sale Amt
$502,000
$900,000
$375,000
$331,100
$115,000
$2,666,000
$450,000
$225,000
$3,795
$5,490
$5,348
$4,348
Gross/Ac
$14,623
$30,875
$17,639
$38,322
$23,092
$28,320
$27,950
$22,843
Farmable/Ac Notes
$14,856
$35,391
$20,161
$57,683
*
$24,313
$34,413
$28,553
$27,778
* House included in the sale
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Residential Lots
County
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
ORANGE
ORANGE
ORANGE
POLK
POLK
POLK
POLK
POLK
City
Riverview
Riverview
Apollo Beach
Riverview
Brandon
Tampa
Lithia
Lithia
Lithia
Lithia
Apollo Beach
Clermont
Tavares
Tavares
Tavares
Tavares
Leesburg
Clermont
Montverde
Eustis
Clermont
Tavares
Mt. Dora
Bradenton
Bradenton
Palmetto
Parrish
Bradenton
Palmetto
Bradenton
Bradenton
Bradenton
Winter Garden
Winter Garden
Orlando
Lakeland
Davenport
Davenport
Haines City
Lake Alfred
Date
6/25/14
10/24/14
6/30/14
6/25/14
1/30/14
10/28/14
3/28/14
6/27/14
3/28/14
6/27/14
4/14/14
3/27/14
8/4/14
10/8/14
1/28/15
6/11/14
6/20/14
1/15/15
4/28/14
6/6/14
10/24/14
5/23/14
4/22/14
6/27/14
7/1/14
3/17/14
3/31/14
4/2/14
8/18/14
9/12/14
5/2/14
3/7/14
12/30/14
12/30/14
1/16/15
9/25/14
3/13/14
3/13/14
12/5/14
8/19/14
Lots
162
88
24
21
20
15
14
12
10
10
8
143
142
47
40
34
30
28
26
24
23
15
10
93
57
39
19
18
17
11
11
9
34
21
12
121
113
111
100
71
Per Lot
$17,889
$60,739
$31,625
$66,000
$45,710
$73,333
$58,529
$56,408
$52,760
$53,460
$51,388
$21,503
$18,173
$18,700
$12,500
$11,912
$14,000
$34,343
$37,308
$16,000
$32,978
$23,000
$45,000
$79,500
$73,991
$25,128
$52,632
$76,667
$24,500
$83,409
$13,000
$263,833
$72,059
$70,476
$104,000
$37,736
$30,265
$30,000
$22,220
$28,028
26
Coldwell Banker Commercial Saunders Real Estate
·
877-518-LAND
·
LayOfTheLandReport.com
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
Auburndale
Davenport
Winter Haven
Lakeland
Haines City
Davenport
Bartow
Davenport
Davenport
Auburndale
Lakeland
Davenport
Mulberry
Davenport
Davenport
Davenport
Davenport
Lakeland
Lakeland
Lakeland
Davenport
Davenport
Davenport
Lakeland
Davenport
Davenport
Davenport
Auburndale
Davenport
Lakeland
Davenport
Davenport
Davenport
Nokomis
North Port
Venice
Venice
Venice
Venice
North Port
North Port
North Port
7/22/14
5/20/14
12/16/14
7/9/14
7/17/14
6/2/14
6/17/14
4/30/14
4/30/14
7/22/14
12/23/14
6/23/14
11/4/14
10/27/14
8/20/14
9/29/14
12/23/14
5/29/14
5/1/14
12/29/14
3/28/14
10/1/14
6/23/14
5/2/14
10/16/14
7/30/14
12/16/14
9/5/14
12/23/14
11/7/14
1/13/15
9/3/14
5/27/14
4/22/14
11/26/14
12/31/14
9/30/14
3/31/14
6/30/14
2/9/15
11/6/14
3/11/14
57
56
46
29
29
25
25
24
22
22
20
18
17
17
17
16
16
16
16
14
13
13
13
13
12
12
12
11
11
10
10
10
10
34
20
15
14
13
13
10
10
10
$20,000
$24,000
$18,000
$82,069
$24,452
$25,000
$24,200
$31,333
$52,182
$16,000
$13,410
$55,556
$76,882
$52,147
$35,000
$59,000
$52,000
$32,000
$18,750
$34,000
$59,385
$59,385
$58,154
$31,692
$49,333
$48,500
$40,000
$68,182
$56,364
$34,000
$32,680
$32,000
$23,000
$83,115
$7,000
$80,967
$85,157
$88,362
$76,923
$3,560
$42,000
$6,000
27
Coldwell Banker Commercial Saunders Real Estate
·
877-518-LAND
·
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Residential/Entitled Land
County
Gross Ac Uplnd Ac
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
HILLSBOROUGH
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
LAKE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
MANATEE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
170
120
115
88
85
56
49
45
45
41
35
27
23
987
202
186
155
50
48
33
27
24
21
301
148
122
88
72
43
40
20
162
133
99
75
66
63
60
57
49
40
136
118
43
69
46
52
48
43
39
37
35
6
16
539
180
186
46
50
44
33
21
24
14
262
98
93
53
60
42
39
18
93
78
55
73
61
60
38
12
43
39
City
Date
Amount
Tampa
Riverview
Riverview
Riverview
Tampa
Wimauma
Ruskin
Riverview
Ruskin
Riverview
Riverview
Tampa
Riverview
Clermont
Groveland
Minneola
Groveland
Minneola
Groveland
Clermont
Groveland
Clermont
Clermont
Palmetto
Palmetto
Palmetto
Bradenton
Parrish
Sarasota
Bradenton
Sarasota
Winter Garden
Winter Garden
Winter Garden
Winter Garden
Winter Garden
Mt. Dora
Winter Garden
Orlando
Winter Garden
Orlando
5/14/14
7/30/14
7/29/14
7/31/14
7/8/14
6/26/14
1/5/15
4/14/14
5/14/14
8/5/14
4/8/14
5/8/14
9/24/14
9/15/14
12/30/14
3/31/14
4/30/14
9/26/14
6/12/14
3/31/14
1/13/14
9/15/14
3/27/14
8/28/14
11/25/14
6/19/14
10/29/14
5/30/14
7/10/14
6/26/14
8/25/14
10/30/14
9/15/14
7/14/14
9/7/14
3/19/14
7/8/14
10/15/14
8/25/14
9/23/14
4/20/14
$8,460,000
$4,180,000
$7,689,100
$16,341,300
$3,500,000
$3,200,000
$1,432,300
$3,150,000
$2,100,000
$400,000
$3,500,000
$300,000
$387,100
$4,513,000
$12,189,000
$7,500,000
$800,000
$1,500,000
$1,244,200
$2,600,000
$560,000
$2,891,000
$370,000
$5,750,000
$1,050,000
$3,600,000
$5,000,000
$2,085,000
$1,428,000
$3,200,000
$950,000
$16,310,500
$3,150,000
$9,920,000
$10,759,000
$10,000,000
$1,558,300
$2,400,000
$910,000
$3,055,000
$4,800,000
Amt Gross
Amt Uplnd
$49,894
$34,752
$66,775
$185,171
$41,361
$57,184
$29,441
$69,490
$46,409
$9,685
$101,010
$10,977
$16,736
$4,572
$60,342
$40,323
$5,174
$30,000
$26,067
$79,027
$20,634
$120,458
$17,695
$19,083
$7,097
$29,528
$56,632
$29,067
$32,911
$80,261
$47,571
$100,969
$23,599
$100,619
$142,560
$150,716
$24,723
$39,874
$16,021
$62,847
$120,603
$62,431
$35,475
$177,536
$236,283
$75,334
$61,550
$29,977
$73,978
$54,334
$10,750
$101,010
$46,584
$23,489
$8,373
$67,717
$40,323
$17,241
$30,000
$28,162
$79,511
$27,184
$121,880
$27,326
$21,947
$10,665
$38,814
$94,715
$34,995
$34,368
$81,570
$51,435
$176,120
$40,168
$181,055
$146,520
$162,866
$26,190
$63,711
$77,579
$70,440
$123,235
28
Coldwell Banker Commercial Saunders Real Estate
·
877-518-LAND
·
LayOfTheLandReport.com
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
ORANGE
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
OSCEOLA
PASCO
PASCO
PASCO
PASCO
PASCO
PASCO
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
POLK
SARASOTA
SARASOTA
SARASOTA
SARASOTA
SARASOTA
40
37
33
32
27
25
20
592
230
189
111
79
62
40
36
23
22
20
601
405
52
42
33
20
150
146
128
85
79
75
67
50
41
41
40
38
27
26
25
167
61
59
35
16
28
5
21
32
27
16
14
542
229
152
83
73
48
40
30
23
16
4
231
337
31
27
20
14
145
101
94
78
62
63
63
39
41
41
35
38
27
26
25
129
51
54
31
13
Winter Garden
Winter Garden
Orlando
Winter Garden
Winter Garden
Winter Garden
Winter Garden
St. Cloud
St. Cloud
St. Cloud
St. Cloud
St. Cloud
Kissimmee
St. Cloud
St. Cloud
Kissimmee
Kissimmee
Kissimmee
Wesley Chapel
Wesley Chapel
Land O Lakes
N Pt Richey
Wesley Chapel
N Pt Richey
Haines City
Lakeland
Davenport
Davenport
Winter Haven
Lake Alfred
Poinciana
Highland City
Dundee
Davenport
Davenport
Davenport
Davenport
Bartow
Davenport
Venice
Sarasota
Sarasota
Sarasota
Nokomis
Coldwell Banker Commercial Saunders Real Estate
·
10/15/14
12/8/14
11/18/14
9/23/14
12/8/14
9/11/14
3/13/14
3/31/14
1/2/14
7/10/14
9/30/14
3/14/14
3/31/14
6/2/14
1/1/15
6/28/14
7/3/14
9/10/14
11/1/14
11/1/14
11/1/14
7/1/14
9/1/14
6/1/14
7/22/14
1/2/15
11/11/14
6/25/14
9/22/14
8/19/14
3/3/14
7/11/14
12/1/14
6/30/14
10/23/14
10/3/14
10/3/14
6/12/14
3/14/14
5/28/14
4/8/14
9/18/14
8/21/14
3/10/14
877-518-LAND
$738,800
$1,118,000
$200,000
$2,024,000
$4,073,500
$748,100
$3,927,000
$13,250,000
$11,000,000
$6,400,000
$7,042,500
$2,878,000
$6,000,000
$1,586,000
$3,790,400
$2,237,300
$1,200,000
$305,000
$1,600,000
$2,600,000
$4,198,500
$3,000,000
$1,200,000
$385,000
$556,000
$950,000
$2,620,000
$2,343,600
$2,077,200
$1,990,000
$500,000
$1,600,000
$1,354,700
$2,050,000
$3,350,000
$2,379,700
$900,000
$350,000
$1,300,000
$7,406,400
$8,100,000
$11,300,000
$2,100,000
$1,600,000
·
$18,572
$29,845
$6,028
$62,527
$152,337
$30,105
$194,310
$22,382
$47,930
$33,862
$63,446
$36,662
$96,774
$39,980
$105,289
$97,274
$54,545
$15,250
$2,661
$6,423
$80,740
$72,289
$36,364
$19,250
$3,711
$6,509
$20,462
$27,452
$26,198
$26,414
$7,410
$32,000
$32,699
$49,976
$83,750
$63,374
$32,847
$13,534
$51,690
$44,430
$133,465
$190,300
$59,440
$97,621
LayOfTheLandReport.com
$26,681
$228,630
$9,695
$63,132
$152,508
$48,140
$287,061
$24,446
$47,951
$42,094
$84,595
$39,306
$124,224
$39,980
$127,152
$97,274
$76,482
$77,411
$6,912
$7,708
$135,435
$111,111
$61,538
$27,500
$3,834
$9,447
$27,869
$29,904
$33,563
$31,658
$7,876
$41,558
$32,699
$49,976
$95,769
$63,442
$32,847
$13,534
$51,690
$57,615
$159,104
$209,881
$67,720
$123,743
29
Conservation Easements (WRP Easements)
County
HIGHLANDS
OKEECHOBEE
HIGHLANDS
HENDRY
HENDRY
GLADES
ST. LUCIE
Conservation Sales
County
PASCO/HERNANDO
BRADFORD
COLUMBIA
LAKE
BRADFORD
VOLUSIA
VOLUSIA
Sale Date
12/15/14
12/8/14
10/10/14
8/14/14
4/10/14
4/8/14
2/24/14
Remainder Rights Sales
County
MARTIN
HIGHLANDS *
POLK **
HIGHLANDS
LAKE
HENDRY
HENDRY
Sale Date
11/4/2014
9/25/2014
9/5/2014
7/15/2014
5/15/2014
5/2/2014
2/1/2014
Sale Date
8/26/14
6/18/14
5/8/14
3/6/14
3/1/14
2/7/14
1/21/14
Total Ac
82
322
3,487
164
369
322
11
Easement Ac
2,558
2,440
1,152
15,200
964
1,301
3,017
Total Ac
4,154
2,645
2,062
742
983
187
82
Sale Amt
$1,318,779
$587,000
$4,001,900
$450,000
$365,000
$857,600
$10,000
Sale Amt
$3,000,000
$8,000,000
$3,200,000
$9,496,500
$1,100,000
$425,000
$4,466,000
Sale Amt
$29,963,600
$6,250,100
$4,953,400
$1,436,900
$1,761,900
$996,400
$164,500
Gross/Ac
$16,144
$1,823
$1,148
$2,747
$989
$2,660
$909
Gross/Ac
$7,213
$2,363
$2,402
$1,937
$1,793
$5,317
$1,999
Grantee/Buyer
SOUTHWEST FLORIDA WMD
SUWANNEE RIVER WMD
UNITED STATES OF AMERICA
BOT TIITF
SUWANNEE RIVER WMD
ST JOHNS RIVER WMD
ST JOHNS RIVER WMD
Amt Per Eamt Ac
$1,173
$650
$1,562
$625
$1,141
$327
$1,480
Notes
WRP Easement
WRP Easement
Green Swamp LPA
WRP Easement
Green Swamp LPA
WRP Easement
LaBelle Ranch CE
* Part of a larger transaction. The $650 per acre was allocated by the buyer to the encumbered land, $1,000,000 in improvements, and $2,660 per acre allocated for unencumbered land.
** Adjusted for improvements & cattle included in the sale.
30
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·
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