Sale of Largest Remaining Zoned Residential Land on St. Simons Island Completed by Land Advisors Organization
Nearly 70-acre Sinclair Plantation parcel sold to two separate entities for potential residential development and conservation.
ATLANTA (December 20, 2021) – Land Advisors Organization’s Atlanta office announces the closing of the largest remaining zoned residential land track on St. Simons Island, known as the Sinclair Plantation. The 68.8-acre parcel, which is zoned for up to 121 residential units, sold to two entities in separate transactions. The first 38.5-acre parcel, which includes a 6-acre lake, was purchased for nearly $2.4M by the St. Simons Land Trust for conservation purposes. The remaining 30.3-acre parcel sold for approximately $2.2M to Sinclair 1031, LLC and is entitled for potential residential development.
Sinclair Plantation, which is located on the north end of St. Simons Island, across the street from Frederica Club. The property, which received preliminary plat approval for 121 single-family units in 2019, is heavily wooded with mature southern oaks and pines.
“It has been very rewarding to work with the land trust and buyers to facilitate this deal where everyone wins,” said David Moore, advisor with Land Advisors Organization’s Atlanta office. “These transactions ensure that a large portion of the property is preserved through conservation, and that the development of this enchanting property will be handled by a group who appreciate and value the unique charm St. Simons Island offers.”
David Moore with Land Advisors Organization’s Atlanta office facilitated the transactions on behalf of Stratford Land, the seller.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Jacksonville, Orlando and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965