X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Crystal Proenza is associate editor of Real Estate Florida.)

LAKELAND, FL-Locally based Coldwell Banker Commercial Saunders Real Estate recently negotiated four land sales in central Florida totaling more than $37 million. CBC broker Dean Saunders spoke with GlobeSt.com about the details of the four sales, which all fall under Saunders Real Estate’s specialty of working with owners of land in conservation.

Just south of Lake Wales in Polk County, Saunders has completed a 3,000-acre conservation easement between the J.K. Stuart Trust and Stuart family and the USDA. Land on the property would flood seasonally, Saunders tells GlobeSt.com, and will now be part of the Wetlands Reserve Program to store water or re-hydrate what was once wetlands. The remainder of the rights on the land, which total 3,600 acres, are also in negotiation to be sold to Polk County and the Southwest Florida Water Management District, also called Swiftmud. The total value of the deal is $11 million.

In Kenansville, FL Saunders represented LLR-11 Limited Partnership in an $11.6-million deal with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (Florida Fish & Wildlife Conservation Commission). The 1,656 acres of property, located next to the Three Lakes Wildlife area, will be an expansion of state’s land, which is used publicly for hunting. Sauders also represented the FF&WCC in the deal.

In a related deal, CBC broker Brian Beasley represented seller Fred Gutwein Family Citrus LLC in a transaction of a 1,046-acre citrus farm in Hendry County. Sweetwater Real Estate represented the buyer, Corkscrew Partners, in the $5-million deal.

Saunders also recently represented a local rancher/developer near Lake Hancock in northern Polk County in a $9.5-million deal. The 1,056-acreage development was purchased by the Southwest Florida Water Management District, which is working on storing more water in Lake Hancock in order to provide more predictable flow into the nearby Peace River.

“The state of Florida has been a leader in conservation for many years and those of us who are property rights advocates applaud the state’s approach,” says Saunders, a former member of the Florida Legislature. “It is achieving a protection of individual property rights, as well as protecting land.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.