Sold! 12,756 Acres of Florida Timberland for $14.67 Million

Coldwell Banker Commercial Saunders Real Estate brokered the deal in mid-July for the mature hardwood hammocks and forested wetlands located south of Mayo in Lafayette County. CBCSRE’s Tony Wallace and Jack Vogel of the Forestry Group oversaw the transaction on behalf of the seller, Mutual Land Company. The Georgia-based Southern Pine Plantations (SPP), which specializes in the acquisition and sale of rural land, purchased the commercial timber forest with tracts of planted pine, hardwood hammocks, and forested drains; the property is also prized for deer, turkey, and hog hunting. Currently, SPP has listed the land for $1,400 per acre. (SPP’s Benjamin “Benjy” Griffith III is a mainstay on the Land Report 100.) Read more HERE.