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Holland Farm @ $17.82 Million
320 Acres @ $22,500/acre, Parcel: 1-29-43-36-A00-0002.0000
320 Acres @ $22,500/acre, Parcel: 1-29-43-36-A00-0001.0000
152 Acres @ $22,500/acre, Parcel: 1-29-43-27-010-0002-142.0
 
Maddox Farm @ $3,970,350
147.05 Acres @ $27,000/acre, Parcel: 1-29-43-25-A00-0001.0200
 
Perkins Farm @ $3,401,360
100.04 Acres @ $34,000/Acre, Parcel: 1 29 43 25-A00-0002.0000
 
Hinderman Farm @ $3,068,160
90.24 Acres @ $34,000/acre, Parcel: 1-29-43-25-A00-0002.0100
 
TOTALS:
1,129.33          Total Contiguous Acres 
$25,024           Per Acre Average
$28,259,870    Total Asking Price


Current Use:
The property is currently a bell pepper and jalapeno pepper farm, not a citrus farm, so the hundreds of thousand of dollars normally spent for clearing the land will be saved by the buyer. Current County Use Description for tax purposes is Farming (53).

The two 320-acre parcels are side by side and the 152-acre parcel has frontage on Evans Road and attaches to the upper left of the first 320 acres.

The property is located about 3 miles south of LaBelle, FL off Route 29 in an area that is just beginning to take off.

Highest/Best Use:
Gated residential subdivision.

Market Insight:
Bonita Bay Development Group has been buying up property from Clewiston to Fort Myers anywhere near Palm Beach Boulevard, which is SR-80 that goes across the state to Palm Beach from Fort Myers.  Bonita Bay Group just purchased 5,000 acres in the area, near this property with the intention of creating a new 'city' of residential, mixed use, and commercial properties..

In addition, the state's largest Century 21 franchise is building a new office right on SR-80 in LaBelle, which provides some indication that forecasts for the area are quite positive.
 
As buyers look for alternatives to Naples, Bonita Springs, Fort Myers, and Punta Gorda, Hendry County and Labelle specifically, will become more attractive. 



About Labelle:
LaBelle means “the beautiful” in French. Historic and charming Greater LaBelle is located in a vast oak     hammock on the shores of the Caloosahatchee River at the intersection of State Roads 29 and 80. The town is approximately 25 miles from Fort Myers, Florida. State Road 80 and Interstate 75 provide quick access to SW Florida International Airport, shopping malls, golfing, boating, fine dining and the performing arts center. A short ride from LaBelle, dazzling white Gulf Coast beaches beckon. Shopping and dining are available in other nearby towns. Pilots and visitors enjoy the LaBelle Municipal Airport. Jet fuel is available from a 24-hour self-serving facility.

Port LaBelle is a 3,100-acre single-family community located just east of Greater LaBelle, with golf course and hotel.

Lake Okeechobee 
A short distance away provides opportunities for boating, fishing and exploration. From LaBelle there is easy access via the Intracoastal Waterway across the lake to Florida’s Atlantic coast. Boaters may also travel via the    Intracoastal Waterway to Florida’s Gulf Coast.

Education
LaBelle offers County public schools and non-public schools. Edison Community College and the Florida Gulf  Coast University are located in nearby Fort Myers.

Economy
Since the 1940’s the county’s economy has been primarily driven by  citrus, oranges, tangerines, grapefruits and vegetable farms. Currently, Hendry County has approximately 15 million    citrus trees. Prior to the 40’s,Hendry County was made up of numerous cattle ranches. Due to the influx of retirees to  Florida population  has increased thereby  resulting in a need  for more housing. Many of Florida’s farmers have chosen to sell their farms to investors and developers.


ABOUT LABELLE, FLORIDA PER CITY-DATA.COM:
Population (year 2000): 4,210
Est. population in July 2004: 4,480 (+6.4% change)
Males: 2,133 (50.7%), Females: 2,077 (49.3%)
Land area: 3.5 square miles
Zip codes: 33935, 33975

Median resident age: 36.2 years
Median household income: $31,642 (year 2000)
Median house value: $72,900 (year 2000)

Races in Labelle:
White Non-Hispanic (55.8%)
Hispanic (31.4%)
Other race (12.5%)
Black (11.3%)
Two or more races (2.0%)
American Indian (1.0%)
(Total can be greater than 100% because Hispanics could be counted in other races)

Ancestries: United States (10.4%), English (8.7%), German (8.3%), Irish (6.9%), French (2.6%), Italian (2.1%).

For population 25 years and over in Labelle
High school or higher: 60.9%
Bachelor's degree or higher: 11.9%
Graduate or professional degree: 4.8%
Unemployed: 6.9%
Mean travel time to work: 28.7 minutes

For population 15 years and over in Labelle city
Never married: 20.7%
Now married: 56.1%
Separated: 3.1%
Widowed: 10.2%
Divorced: 9.9%
19.6% Foreign born (17.4% Latin America).

Population change in the 1990s: +1,494 (+55.0%).

Median household income in 1999 for:
White non-Hispanic householders: $33,490
Black householders: $16,250
Asian householders: $62,083
Some other householders: $33,000
Two or more householders: $22,250
Median household income in 1999, Hispanic or Latino race: $31,953

Total population: 4,222
(Urban population: 4,182 (0 inside urbanized areas, 4,182 inside urban clusters)
Rural population: 40 (all nonfarm))

Houses: 1,759 (1,457 occupied: 1,091 owner occupied, 366 renter occupied)

Median price asked for vacant for-sale houses in 2000: $55,000

Median rent asked for vacant for-rent units in 2000: $195

Median gross rent in Labelle, FL in 2000: $486

Housing units in Labelle with a mortgage: 405
(14 second mortgage, 27 home equity loan, 3 both second mortgage and home equity loan)

Houses without a mortgage: 192


DISCLAIMER: While every attempt is made to provide the best possible information, the buyer is urged to conduct their own due diligence.  The information contained herein is neither warranted nor guaranteed.  Agent shall not be held responsible/liable for any misstatements, errors, or omissions.