DeSoto County land rush

Speculators are making bets

With prices jumping from $2,000-$3,000 an acre in 2004 to over $20,000 an acre today, DeSoto County has experienced significant speculator investment. Over the past 11 months 26,000 acres have been changed hands with a total value exceeding $363 million.

DeSoto County lies north of Charlotte County and east of Sarasota and Manatee Counties and is expected to be developed as bedroom communities for the Sarasota-Bradenton and Port Charlotte metro areas. Most of the bets in DeSoto County are long term as not much development has occurred to date. The big push will be for utilities, water is available today and sewer treatment facilities are planned for completion in 2008.

Land rush turns to DeSoto County [Herald Tribune]

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