I really love living in Florida. Every day I wake up I am thankful for being able to live here. One of the things that always strikes me is the raw beauty of the nature we have. Between lizards, insects, birds, etc. there is rarely a dull moment out West where I live. And there is so much undeveloped land, wherever you look out West, it is sort of comforting. Nonetheless I was shocked to see this article, about the largest contiguous tract of undeveloped private land East of the Mississippi River, going on the market for sale. The size is 560,000 acres, which is nearly the size of Rhode Island. It is expected to bring $1 billion dollars or more when it finally sells. It is located on the gulf coast just south of the Panhandle in Northern Florida between Tallahassee and Gainesville. It is owned by the Foley Timber and Land Company and largely consists of forest now. Prospective buyers are expected to include real estate investment trusts, pension funds, university endowments, and sovereign wealth funds, all of whom are attracted to stable long term investments like timberland. I have never heard or seen of a plot of land this size being sold, anywhere. It is amazing to think about how big it is and all the possibilities that it will become. How fast will it happen? It will be very interesting to see and I promise to let you know as soon as a buyer is announced. As always thanks for reading and have a great day.
560,000-Acre Swath of Florida Land Going on the Market
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