The residential land was purchased by Cassidy Holdings Group, Inc. to develop single-family subdivisions
Winter Haven, Fla. – Tampa Bay area land brokerage firm RedElk Land Co. announced today the successful sale of a 117.7-acre land plot for $1.2 million, located in Winter Haven, FL with Cassidy Holdings Group, Inc. The purchased land is slated to be developed into a single-family community.
“The sale of this nearly 120-acre tract is a major accomplishment for RedElk, and for the residents of Winter Haven,” said Bill Short, president of RedElk Land Co. “Because of our proven track record with large land sales located across Polk County and Central Florida, we are recognized as reputable experts in this field and continue expanding our expertise across Florida.”
Wells Fargo Bank foreclosed on the property in 2014 and hired RedElk to exclusively market and sell the entire property due to its vast agricultural experience and hands on approach. RedElk sourced numerous potential buyers and multiple offers, and proactively eliminated any perceived concerns the market had about the property to ensure the marketing process as efficient as possible.
The area was once known for its vibrant citrus production, with many orange groves still active today. Now, as the community of Winter Haven continues to grow, much of the land has been converted to residential communities, with several new projects being developed to meet the needs of this emerging area, in addition to the Cassidy Holdings Group project.
RedElk specializes in the marketing, sales, and analysis of medium and large land tracts in Florida. Other recent projects within the state include the closing of a 265-acre timber tract with planted pines in Citrus County and 1,739-unit, single family and mixed-use development located in Polk County which will be the future home to the 100 acre Lakeland Regional Health Satellite Campus.
For more information about RedElk, contact 813-773-3576 or visit www.redelkland.com.
Established in early 2017, RedElk Land Co. is a land brokerage company specializing in medium and large land tracts in Florida. With services ranging from marketing and sales to land use and investment analysis, RedElk is dedicated to providing its clients with an efficient marketing and transaction process. Bringing together a Midwest work ethic with a breadth of experiences, RedElk currently totals more than $200 million in transactions. For more information, visit www.redelkland.com.