The Real Deal Miami

Auction set for 1,484-acre tract in Coral Springs

The land includes 232 acres zoned for residential development

October 10, 2015 10:00AM

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This 1,484-acre site in Coral Springs will be auctioned.

This 1,484-acre site in Coral Springs will be auctioned by real estate firm Madison Hawk. Bids are due Oct. 20.

A 1,484-acre tract of land in Cape Coral will be sold in a sealed bid auction.

Family owned for more than 50 year, the land is subject to a court-ordered sale. The deadline for submitting an auction bid is October 20.

The original residential development plan for the 1,484 acres of continuous land, located east of Burnt Store Road in Coral Springs, featured more than 1,600 homes.

The southern 232 acres of the land has zoning that permits lots ranging from 10,000 to 20,000 square feet. The rest of the land is zoned for agricultural use.

Also included in the auction for bid separately from the Cape Coral land are several scattered homesites in the Fort Meyers area. These lots include infill parcels and will be offered as  a package.

Real estate firm Madison Hawk will conduct the auction.

“Cape Coral recently received some of South Florida’s highest marks on an index gauging housing strength published by Freddie Mac,” Jeffrey Hubbard, president of Madison Hawk, said in a prepared statement. “Its rating was second to only Miami.” — Mike Seemuth