Cassidy family of Winter Haven buys 70 acres in Ruskin for home development

BUYER: Wyn Group LLC (manager: Albert Cassidy), Winter Haven
SELLER: B&P Tree Farm LLC
PROPERTY: 1102 N.E. 18th St. and an additional portion of northeast 11th Avenue, Ruskin
PRICE: $2.12 million
PREVIOUS PRICE: $900,000, January 2011

BUYER: Wyn Investors LLC (manager: Albert Cassidy), Winter Haven
SELLER: B&P Tree Farm LLC
PROPERTY: 880 N.E. 18th St. and 1725, 1915 and 1917 N.E. 11th Ave., Ruskin
PRICE: $880,000
PREVIOUS PRICE: $900,000, January 2011

BUYER: Wyn Investors LLC (manager: Albert Cassidy), Winter Haven
SELLER: Clifford and Carol Anderson
PROPERTY: 819 N.E. 18th St., Ruskin
PRICE: $450,000
LAW FIRM ON DEED: Straughn & Turner PA, Winter Haven

PLANS, DESCRIPTION:
The Cassidy family purchased 70 acres east of U.S. 41 and south of 19th Avenue Northeast in three transactions for a combined $3.45 million.

The price equated to $49,300 per acre.

The property is zoned for about 360 residential units. The new ownership expects to develop a single-family community on the property and sell the home lots to homebuilders.

Bill Short of Southeast Land Consultants Inc. (SLC) represented the seller, B&P Tree Farm LLC, in two of the three transactions, which covered 60.6 acres.

“The buyer sees the Ruskin area as a growing opportunity for workforce housing, considering the recent employment growth in the area,” Short says in a press release. “The Amazon distribution center and St. Joseph's Hospital have spurred economic development and growth in this area, and solidified in buyers' minds that it's a good idea to buy land for residential development here.”

The Cassidy family is well known as real estate investors and homebuilders. The family recently purchased 369.5 acres of former farmland on a portion of McGrady Road east of U.S. 301 in Wimauma for $4.5 million. It plans to create a new residential community there as well.