His 7,600-acre ranch in Geneva, 15 miles north of Orlando, isone of the largest privately-owned spreads in the state.Yarborough's most publicized exercises over the years were hisbattles with state environmental agencies to protect the farminglife that sheltered three generations of his family.
In 1997, after years of rejecting offers from the St. JohnsRiver Water Management District, Yarborough agreed to a novelnon-development contract with the state agency. He sold 3,400 acresfor $1.45 million with the provision there would be no developmenton the land for 20 years.
The price equates to $426.47 per acre or one-eighth of one centpsf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
