CBD announces the sale of Ranches at Lake McLeod for $18 million to Lennar Homes

On Monday, July 27, CBD Real Estate Investment LLC closed title on the transfer to Lennar Homes for the single family home project known as Ranches at Lake McLeod. The “Ranches at Lake McLeod” is a 288-acre development located on the north and south side of Bomber Road in the City of Eagle Lake, Polk County Florida. The 1156 fully permitted lots were sold for $18 million. Lennar plans to begin site improvements immediately and hopes to start delivering lot by the second quarter 2022. This sale marked the largest priced single land sale in the history of the City of Eagle Lake.