$86.25 million - Thomas Ranch

Mattamy Homes and minority partner, Vanguard Land, purchased the 9,650-acre Thomas Ranch property from Thomas Enterprises for $86.25 million.

Location: a portion of land in North Port and unincorporated Sarasota County
PURCHASE DATE: May 28
PRICE PER ACRE: $10,000
PREVIOUS PRICE: $73.14 million, April 1993

Details: Thomas Ranch has more than 6,000 acres in the city of North Port and another 3,650 acres in unincorporated Sarasota County. The site is primarily undeveloped, but has entitlements for more than 11,000 homes and 3 million square feet of commercial development.

The purchase was Mattamy Homes' largest in the United States. Vanguard Land, a Sarasota real estate development and investment firm, will provide strategic planning and direction for Thomas Ranch.

Mattamy Homes expects to start development on the site in 2016.