Located on the Ohio River approximately ten miles downstream from Henderson, Kentucky, Diamond Island sold for $6,166,028 by Kurtz Auction and Realty. The winning bidder was Mapleland Co., a local farm that plans to continue farming the property.
Estimated to be 1,468 acres, the historic Diamond Island includes a ferry barge, ferry landing site, and a grain bin complex on the other side of the river in Posey County, Indiana.
With its naturally fertile soil, Diamond Island has been used to produce corn and soybeans for decades. In addition to grain production, other potential income sources include oil, timber and hunting, as well as the leasing of docking rights to a barge company.
Owned by John H. Bower Heirs LLC, the heirs of John H. Bower, who with his brother was in the mule, land and timber business 100 years ago, the sale of this property marks the first time the property has changed hands in a century.
Landmarks, News Desk
- December 5, 2011
-
Views: 126
Sold! Kentucky’s Diamond Island
RELATED ARTICLES
Farmland
Farmland Partners Acquires 8,638 Acres of Illinois Farmland at Auction for $55 Million
River bottomland goes for $6,400-plus per acre. Farmland …
Sponsored
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.
Please sign me up to receive breaking news and updates from The Land Report: