Caloosa Groves

LSI Companies Inc. is pleased to present Caloosa Groves, an 500± acre producing citrus grove located Labelle FL.

Caloosa Groves affords potential buyers the opportunity to purchase producing Florida agricultural land with existing residential development entitlements already in place. The new owner can then continue the existing citrus operations until they are ready to develop the property into future residential home sites.

The property is comprised of 500.44± acres. The citrus grove has been maintained and is operated to high industry standards with special attention to caretaking and tree resets.

Due to the current agricultural operation coupled with the existing residential entitlements, this property is a great investment opportunity with abundant potential for future appreciation.

CALOOSA GROVES CITRUS OPERATION
Caloosa Groves consists of 500.44 net acres and 415 net tree acres. This grove is also 100% Valencia’s which has previously averaged fair production numbers (not Including stalled operations due to Hurricane Irma). A large portion of this grove has recently been replanted and resets have been occurring as needed. Irrigation comes from two (2) ten (10) inch wells which is dispersed via a micro-jet system.

In addition, three (3) twelve (12) inch wells have recently been installed for freeze protection. The current fruit contract in place is at $2.90-$3.20 / pound solids, which is set to expire in the 2021/2022 crop season.

RESIDENTIAL DEVELOPMENT OPPORTUNITY
Caloosa Groves is located within the Muse community of Labelle, FL. This is a very desirable area for homeowners seeking agricultural estates with breathtaking natural views. The area is comprised mostly of small ranches and homesites ranging from 2-20 acres and is an area that caters to homeowners who value privacy and seclusion. While the feeling and atmosphere of Muse is one of old Florida, residents also enjoy the benefits of being minutes from the city of Labelle and being in close proximity to larger cities such as Fort Myers which is roughly a 20-minute drive. All of these characteristics have made Muse a highly sought-after community for families that desire larger homesites to live and play.

Due to the current zonings and previous platting of Caloosa Groves, residential density is already vested in the properties. Under these zonings and plats, the owner is permitted to build up to 390 homesites across the entire property. 254 of these homesites have already been platted and are set up to allow for Single family and/or Manufactured housing units. The remaining 136 residential units come from density calcs derived under current zonings. These homesites would be best served by carefully designing lots in the 1-20 acre range that is consistent with the surrounding community. A developer would find great demand for this product as current supply within Muse has been constrained for quite some time now.

New agricultural estate lots and ranchettes are would extremely desirable in this area. A developer with the foresight to design an agricultural community on larger acreages would experience tremendous success in Caloosa Groves.