Lennar Homes buys 65 acres west of River Bend community

BUYER: Lennar Homes LLC, Tampa
SELLER: Tony and Connie Leung
PROPERTY: 245 S.W. 24th Ave., Ruskin
PRICE: $2.82 million
PREVIOUS PRICE: $47,300, January 1998

SELLER: Wes Investments of Hillsborough LLC
PROPERTY: lots 881-887, 904-910, Third Addition to Ruskin Colony Farms, Ruskin
PRICE: $1.43 million
LAW FIRM ON DEED: Straughn & Turner PA, Winter Haven

PLANS, DESCRIPTION:
Miami-based Lennar Homes purchased 65 acres south of 21st Avenue Southwest for $4.25 million.

The price equated to $65,385 per acre.

The Ruskin agricultural land was previously used as a palm tree farm. As currently zoned and entitled, the property could be used to develop about 230 single-family homes.

Ryan Sampson of Eshenbaugh Land Co. handled the transaction.

“Lennar Homes is already building to the east in River Bend,” Sampson says. “This will likely be a new phase of that project.”