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Lynniam Farms Package

      This package consists of 6,871.78 +/- total acres located in Calhoun, Gadsden, and Wakulla Counties, Florida.  

      The package has of a tract with 1.4 miles of St. Marks River Frontage. There are Wakulla County properties that are already surveyed, platted and recorded with 61 total home sites.  In Calhoun County, there are draft conceptual plans for three Ranchette Subdivisions with 61 total home sites. In Gadsden County, there is a draft conceptual plan for a Ranchette subdivision with 9 large home sites, as well as a Plantation in Gadsden County. 

      Below is a summary of the various tracts

            Calhoun County, Florida (1,310 +/- total acres):

        • Calhoun Tract #1: 1,006.5 acres - Doug Price Road
        • Calhoun Tract #2: 233.5 acres - John F. Bailey
        • Calhoun Tract #3: 70 acres - Chason

            Gadsden County, Florida (1,134.09 +/- total acres):

        • Gadsden Tract #1: 418 acres North of Road
        • Gadsden Tract #2: 716 acres South of Road

            Wakulla County, Florida (4,427.69 +/- total acres):

        • Wakulla Tract #1: 2,814.14 acres - West of Old Plank Road (includes Turkey Run Farms platted subdivision)
        • Wakulla Tract #2: 431.21 acres - River Ridge Phase 2
        • Wakulla Tract #3: 1,181.34 acres - St. Marks River

      CALHOUN COUNTY, FL

      There are three tracts located in Calhoun County, Florida totaling 1,310 +/- acres. Each tract has draft conceptual development plans for Ranchette Subdivisions (the drawings for the development plans are conceptual at this point. The acreages in the draft conceptual plans were estimated using the County GIS mapping tool which is imperfect. So, there will be some minor delta between what is shown in the draft conceptual plan and what ties to a survey. The boundary survey is underway and the exact acreages for the lots will be complete in a couple of weeks). The estimated time to execute the draft conceptual development plan for the three Ranchette Subdivisions is approximately 36 months. If sold as Ranchettes, per the draft conceptual development plans, TOTAL VALUATION for the three Ranchette subdivisions in Calhoun County (if the above plan is followed) is approximately $4,017,000.

      Overview of 1,310 total acres:

      • This tract was damaged by Hurricane Michael. It has been cleaned up and replanted, but it still holds some scars of windblown timber in the wetlands, etc. The cleaned-up ground is fine. The tract didn't need bedding everywhere, but they bedded it because it helped clean up all the stumps and root balls left by the storm.  
      • Seller is in the process of getting a platted approved subdivision of this tract which he can pass on to a buyer. It won't impact their ability to get Ag exemption, but significantly increases options on how to manage the property over time.  
      • 100% of this tract is in an opportunity zone.
      • There is no conservation easement. 
      • 61 home sites in 3 ranchette subdivisions are being platted. 

      CALHOUN TRACT #1: 1,006.5 acres – Doug Price Road

      • Draft Conceptual Plan for 42 Ranchettes
      • Each Ranchette ranges in size from 10 acres to 247.34 acres
      • Each Ranchette is estimated market value $995 per acre to $5,500 per acre
      • Estimated valuation of all 42 Ranchettes is approximately $3.20M

      CALHOUN TRACT #2: 70 acres – Chason

      • Draft Conceptual Plan for 13 Ranchettes
      • Each Ranchette ranges in size from 5 acres to 7.34 acres
      • Each Ranchette is estimated to market $6,000 per acre
      • Estimated valuation of all 13 Ranchettes is approximately $404,040
      • Beautiful rolling topography
      • Hwy 73A frontage
      • Planted in 2022
      • All lots are high and dry

      Calhoun Tract #3: 233.5 acres - John F. Bailey

      • Draft Conceptual Plan for 6 Ranchettes
      • Each Ranchette ranges in size from 10 acre to 12.10 acres, with one of the Ranchettes being 178.58 acres
      • Each Ranchette is estimated market value $1,000 per acre to $4,500 per acre
      • Estimated valuation of all 6 Ranchettes is approximately $413,030

      Click HERE for Calhoun County Information Maps

      GADSDEN COUNTY, FL:

      There are two tracts in Gadsden County, Florida totaling 1,134.09 +/- acres. Tract #1 North of the Road is approximately 418+/- acres and has a draft conceptual development plan for a Ranchette Subdivision with 9 large ranchettes (the drawings for the development plan are conceptual). The estimated time to execute the Ranchette Subdivision is approximately 24 months. If sold as Ranchettes per the draft concept Ranchette plan, the total valuation is approximately $2.07M. Tract #2, the Tract South of the Road, is 716 total acres and is a Plantation with estimated value of $2.28M ($3,500 per acre). TOTAL VALUATION for the two tracts in Gadsden County (if the plan above is followed) is approximately $4,350,000.

      Overview of 1,134.09 total acres:

      • High-quality recreational tract.
      • The elevation changes are very unique for Florida. From the property you can actually see Lake Seminole which is many miles away. 
      • The tract was damaged by Hurricane Michael and was reforested this past planting season. 
      • There is a really cool waterfall along a lengthy area of limestone which is the natural spillway for a natural lake. 
      • The lake is approx. 2-3 acres (it is currently grown up and needs cleanup around the lake to increase aesthetics).
      • There is no conservation easement.
      • There is a draft conceptual plan for a Ranchette Subdivision with 9 large home sites (lots being platted on Tract #1, 418 acres north of the road).
      • Tract 2, 716 acres South of Road, is a recreational property with HBU.

      Gadsden Tract #1: 418 acres - North of Road

      • Draft Concept for 9 Large Ranchettes
      • Each Ranchette ranges in size from 20 acres to 112 acres
      • Each Ranchette is estimated market value of $4,200 per acre to $4,500 per acre
      • Estimated valuation of all 9 Ranchettes is 2.07M

      Gadsden Tract #2: 716 acres - South of Road

      • Recreational Property with HBU
      • Estimated valuation $2.28M

      Click HERE for Gadsden County Information and Maps

      WAKULLA COUNTY, FL:

      The Wakulla lands consists of Three Tracts totaling 4,426.69 acres. Within Wakulla County, we further broke them down into Lynniam West of Old Plank Tract, River Ridge Phase 2 tract, and St. Marks River Tract.  

      The Lynniam West of Old Plank Tract is 2,814.14 +/- total acres with Ranchettes sales West of Old Plank Road; 1,200 acres on Bloxham cutoff, 58 acres on Bloxham Cutoff, and 1,628.90 acres Turkey Run Farms Subdivision. River Ridge Phase 2 tract is 431.21 acres and consists of the River Ridge Phase 2 plans.  St Marks River Tract is 1,181.34 acres with 1.4 miles St. Marks River frontage.

      Overview of Wakulla Lands:

      • Almost 2 miles of frontage on the St Marks River.
      • Already surveyed, platted, & recorded with 61 total homesites.
      • There is no conservation easement on any of this land.
      • 100% of it is in an opportunity zone.
      • 2-bedroom log cabin and small barn.
      • The property is located approx 15 min from the Tallahassee airport.
      • The property boasts a 2nd Magnitude Spring called Newport Springs. That Spring creates a beautiful Spring Run that flows crystal clear until it meets the River.
      • Historically, the River never floods. It stays the same height year-round with the exception of tidal changes. It is very cold and clear spring water which surfaces about a mile upriver at the St Marks Rise.
      • The property boasts a sink called Blue Sink.
      • There is very cool history with the former town of Magnolia just off the site.
      • The River provides direct deep water access to the Gulf. It's about a 10 min ride to the Gulf.
      • The current owner’s family often rides their boat down to St. Marks and tie up at the docks to eat at the restaurants, or boats to the Wakulla River. 
      • The entire tract is planted in timber. The first thinning will happen in 2 years. From there, the thinning will never stop, with an average of 400-500 acres requiring thinning annually, only to start over again on the next thinning phase. Seller estimates the tract to produce an average of $300k per year in net timber proceeds for the first 6 years, increasing thereafter as the harvests move from pulpwood to chip-n-saw.
      • The neighboring tract to the north is a fully permitted 2,000 acre PUD with hundreds of homes, commercial and an industrial park to be built. It has water and sewer (which it owns itself) and it has agreed to provide capacity for sewer for the development of this tract in future years.
      • DR Horton spoke to seller about potentially developing the PUD on the north line. DR Horton has just finalized permitting of a 400-home subdivision between Capital Circle and Woodville along the Woodville Hwy. They expect that to spur a change in Woodville similar to that seen in Crawfordville.
      • DOT is planning to 4-Lane the Woodville Hwy from Capital Circle to Hwy 98 in 4 years.
      • Tallahassee is currently running water and sewer to all of Woodville.
      • Wakulla County has very little useful land for development and the expansion of Tallahassee moving South is material.

      There are two strategies with the Wakulla County Lands:

      Strategy #1 is to sell as Ranchettes with St. Marks River and Newport Spring as “amenities” to Ranchette owners. Only use from Newport Spring to HWY 98 to realize this enhancement. Leaves 1,035 acres with 1.4 miles St Marks Frontage. Valuation is:

      • Ranchettes w/river and spring amenities: $18.8M
      • 1,035 acres with 1.4 miles river frontage $5.2M
      • Timber value during wait period adds to sell price

            TOTAL VALUATION: $24M

      Strategy #2 is to sell nothing. Harvest $10.8M in Timber over next 16 years while Wakulla county’s growth exponentially enhances development potential.

      WAKULLA TRACT - The Lynniam West of Old Plank Tract: 2,814.14 total acres – Ranchette Sales West of Plank (Boxham Cutoff and Turkey Run Farms Subdivision). Run Farms Subdivision)

      1,200 acres - Bloxham Cutoff

      • Fully Planted
      • Old Plank Rd Frontage
      • Great Road System
      • Feed Plots in Place
      • Valuation $3M ($2,500 per acre)
      • To maximize value this parcel should be further divided

      58 acres - on Bloxham Cutoff

      • Fully Planted
      • Highway & Co Road Frontage
      • St. Marks River boat landing is 1,500 feet away
      • Price $319,0000 ($5,500 per acre)

      Summary of Turkey Run Farms Phases C, D, E, F & G (These lots are already surveyed, platted & recorded).

      • 33 lots ranging from 23 acres to 100 acres
      • Requires no approval, already platted with roads in place
      • Strong demand

      Turkey Run Farms – Block C

      • 6 Ranchettes ranging from 22.91 acres to 100.7 acres
      • Each Ranchette is estimated market value of $8,000 per acre to $8,500 per acre
      • Estimated valuation of all 6 Ranchettes is $2,182,460 (however, the estimated valuation is approx. 45% higher with river & spring amenities which would be a total of $2,946,321)
      • All very high and dry
      • All replanted
      • Roads in place
      • Roads to be improved with new grading and rock
      • Lot 1 has log cabin, barn, silo, and horse pasture

      Turkey Run Farms – Block D

      • 4 Ranchettes ranging from 30.22 acres to 33.44 acres
      • Each Ranchette is estimated market value of $8,500 per acre
      • Estimated valuation of all 4 Ranchettes is $1,089,615 (however, the estimated valuation is approx. 45% higher with river & spring amenities which would be a total of $1,579,941.75)
      • All very high and dry
      • All replanted
      • Roads in place
      • Roads to be improved with new grading and rock

      Turkey Run Farms – Block E

      • 10 Ranchettes ranging from 24.73 acres to 122.31 acres
      • Each Ranchette is estimated market value of $3,750 per acre to $8,500 per acre
      • Estimated valuation of all 10 Ranchettes is $2,913,845 (however, the estimated valuation is approx. 45% higher with river & spring amenities which would be a total of $4,225,075.25)
      • Lot 5 has 90’ deep “Blue Sink” and Oak Hammock
      • Roads to be improved with new grading and rock

      Turkey Run Farms – Block F

      • 4 Ranchettes ranging from 54.76 acres to 100 acres
      • Each Ranchette is estimated market value of $3,750 per acre to $4,250 per acre
      • Estimated valuation of all 4 Ranchettes is $1,041,050 (however, the estimated valuation is approx. 45% higher with river & spring amenities which would be a total of $1,509,522.50)
      • Lot 4 has Majors Log Cabin, well, septic, electric and large pole barn
      • Lot 4 has feed plots and shooting houses in place
      • Roads to be improved with new grading and rock

      Turkey Run Farms – Block G

      • 9 Ranchettes ranging from 23.6 acres to 97.18 acres
      • Each Ranchette is estimated market value of $3,500 per acre to $5,000 per acre
      • Estimated valuation of all 6 Ranchettes is $1,844,660 (however, the estimated valuation is approx. 45% higher with river & spring amenities which would be a total of $2,674,757)
      • All very high and dry
      • All replanted
      • Roads in place
      • Roads to be improved with new grading and rock
      • Lot 1 has log cabin, barn, silo, and horse pasture

      WAKULLA TRACT – River Ridge Phase 2 Tract: 431.21 acres – Bloxham Cutoff - River Ridge Phase 2 (platted subdivision)

      • Lots are already surveyed, platted & recorded
      • Fully Planted
      • Already platted for 18 Ranchettes with roads in place
      • Bloxham Cutoff Hwy & Old Plank Road Frontage
      • Great road system
      • Newly built Custom Homes across the Hwy
      • Feed plots
      • Close to St. Marks River Landing
      • Recent Appraisal in July 2022 at $1.54M
      • Recently sold 4 lots totaling 100 acres to a singer buyer for $4,000 per acre

      WAKULLA TRACT – St Marks River Tract: 1,181.34 acres 

      • 1.4 miles St. Marks River Frontage

      Click HERE for Wakulla County Information and Maps  

      SUMMARY:

      Based on estimations of the market value of the lots if the properties were developed per the conceptual development plans above, the valuation of the 6,871.78 +/- total acres could be in the $32,367,000 range. Below is a link to the chart of the valuations:

      Click HERE for a Summary Value of Lynniam Farms

      Just Listed
      $23,795,000

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      Lynniam Farms Package

        Calhoun County Aerial Boundary (see PDF link above for tract breakdown)

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        Gadsden County Aerial Boundary (see PDF link above for tract breakdown)

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        Wakulla County Aerial Boundary (see PDF link above for tract breakdown)

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