Boca Raton’s Historic “Banana Patch” land is listed for $6.2M

Boca Raton’s Historic “Banana Patch” land is listed for $6.2M

Revised from The Real Deal  January 08, 2015

Boca Raton’s “Banana Patch” land is up for sale for the first time since 1978.

The 1.77-acre group of waterfront properties is on the market for $6.2 million. Its history allegedly involves ownership by Henry Flagler and Japanese farmers George Morikami and Hideo Kobayashi, according to the Palm Beach Post. The three parcels can be purchased separately or together and are known as the “Banana patch” because of their recent use as a wide open banana garden, the Post reported. The buyer would be only the fifth owner of the land, which is on the deepest and widest canal in Boca Raton, according to the property’s listing agent Matt Thoren, president and broker of Landmark Appraisal and Realty Group. Thoren said the Olsons, who have a three-to four-story home on the land, feel it’s time for a new owner. “This is only the second time it’s been sold in more than        100 years,” Thoren said. [Palm Beach Post].

Real Estate Recap: July 2017

A new month is upon us, and with it comes a new report from Florida Realtors®. July’s statistics...

Continue reading
by Laura Ure

Preparing to Buy a Home

Buying a home is an exciting time in your life, so exciting that you may be tempted to just jump...

Continue reading
by keenability

Annual Home Appreciation Slows in Metro Areas

Revised from an article from RisMedia RealtyTrac® recently released a February 2015 Home Price...

Continue reading
by mposner