That's what Waymon Moneyham, a Marianna, FL rancher, and Greg Preble, a Tallahassee, FL civil engineer, told GlobeSt.com real estate sources in this North Florida town of 2,000 residents after making the winning bids at a public auction on a total 1,688 acres of ranch land.
Seized after the arrests and convictions of the Miami-based Vega family in January, the Treasury Department unloaded the properties for the total bargain price of $2.75 million, brokers familiar with the transaction tell GlobeSt.com. The criminal division of the Internal Revenue Service in Orlando confirms the transactions for GlobeSt.com.
Moneyham and four partners paid $1.8 million, or $1,919 per acre (four cents per sf), for the former 912-acre cattle-raising ranch in Jackson County. Preble and three associates paid $1 million, or $1.29 per acre (three cents per sf), for a 776-acre ranch in nearby Gadsden County. About 600 people attended the Dec. 10 auction.
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