Myakka 110 LLC buys vacant land

BUYER: Myakka 110 LLC (SRQ Land Limited), Sarasota

SELLER: Myakka Heights LLC

PROPERTY: Verna Road and Carlton Road, Sarasota

PRICE: $746,900

PREVIOUS PRICE: $770,200, September 2003

LAW FIRM ON DEED: Kimbrough & Koach LLP, Sarasota

PLANS, DESCRIPTION: Myakka 110 LLC purchased 110 acres of wilderness land at the southern end of Carlton Road near Murphy Road for $746,900. The purchase price equated to $6,790 per acre. The land in eastern Sarasota County is zoned for Government Use and was previously owned by an entity affiliated with homebuilder John Cannon Homes Inc.

Myakka 110 LLC is owned by SRQ Land Limited, a Grand Cayman company.