Etter Family Portfolio Sells 584 Acres Of Land In Polk County Florida For $8.93M

The Etter Family Portfolio executed a sale involving 584 acres of citrus groves, agricultural land, and lakefront properties located south of Crooked Lake and Babson Park in Polk County, Florida. The total transaction amount was $8,930,000, which was achieved through a three-day auction process that garnered 290 bids across 27 separate parcels of land.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $8,930,000
• Acres: 584
• Address: South Of Crooked Lake & Babson Park
• Market: Polk County, FL
• Seller: Etter Family Portfolio
• Buyer: Multiple
• Brokers: Dean Saunders, Richard Dempsey, Spencer Smith & Nick Dabbelt - Saunders Real Estate

Saunders Auctions, a division of Saunders Real Estate, oversaw the management of the sale, which prominently featured 469 acres of agricultural land in close proximity to Crooked Lake, along with five parcels of lakefront property adjacent to Reedy Lake. The auction structure facilitated a competitive bidding environment for the buyers involved in the transaction.