MIAMI-Meba Inc. and Pine Dade of Miami Inc. sold the .872-acre commercial pad at 7301 to 7331 SW 57th Court in South Miami to the 7300 Investments group. The less-than-an-acre dirt carried a price tag of $40,000 when it was sold in 1978. That would have brought a gross return of 6,500% if the current seller had owned and held on to the dirt 22 years ago.
Meba Inc., whose principal is Thomas Spencer Jr., and Pine Dade of Miami Inc., headed by Carlos E. Obregon, sold the land to the 7300 Investments group whose agent is L. Richard Mattaway. The parcel sold for $910,000 in 1984 and $1 million in 1995.
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