Ask Jon Kohler
At 2,861+/- acres in Wakulla County, this property is one of the last large privately held properties with “HBU” potential in the region. The property has been strategically planned for timber, recreation and “higher and better use.” It is arguably impossible to find another large investment-grade property as strategically planned and entitled as this one.
It is renowned in the region as the former log cabin office of St. Joe and a key holding in the region with two+ miles of HWY frontage on 267 and three miles on Old Plank Road, just off Coastal Highway 98. The northern boundaries are planned PUD’s with sewer and water. Of the 2,861 acres, this property has 1,621 +/- acres fully platted and entitled lots, Turkey Ridge Farms, which contains 33 lots ranging from 23 acres to 100 acres each. The landowner is consistently selling 20-acre lots across the highway for $8,000 to $8,500 per acre. This development value could very well be monetized today with a conservation easement.
Blue Sink is on the property, which connects directly to Wakulla Springs, the largest spring in the world. The deer and turkey hunting is exceptional. Lodging is generous on this large property with a log cabin, the former St. Joe office, and barn on the southwestern corner off Hwy 98 as well as another hunting camp and barns on the eastern side of Old Plank Road.
The property is heavily stocked with genetically improved timber for cash flow and the hunting and recreation are exceptional. Located just 25 minutes from Tallahassee and its international airport with the Gulf of Mexico just a ten-minute drive, Old Magnolia West is a year-round recreational get away.
“Recreationally, from a deer and turkey perspective, it’s about as good as it gets in Florida outside of a high-fence. From an investment perspective, the property is preplanned for “higher and better use” with 1,621+ acres already fully platted. From a cash flow perspective, it offers many revenue avenues: timber revenues, existing residential lots could be sold or expanded, or a conservation easement could be sold or donated to harvest its exceptional “higher and better use” potential.” - Jon Kohler
*** An additional 1,803 acres Featuring 4.5 Miles of Deep-Water River Frontage on the St. Marks River, Gulf access and a 2nd Magnitude Spring are also Available!
