Presley Realty

Timber Thinning and Subdivision Case Study: Magruder Tract

In this video we talk about timber thinning and land subdivision at Magruder Place, a 90-acre tract of land adjacent to Lights of The South on Louisville road in Grovetown, GA.  

The Magruder Tract was a 90 acre tract, and the owner enlisted the Brokers at Presley Realty to sell the property.   he property had merchantable timber, but had limited access as an adjacent property controlled the frontage.  We marketed heavily to developers and builders with little success.  We began to discuss the possibility of subdividing, and after meeting with the owner, we proceeded with a plan to subdivide. 

 

First, we met with the neighbors and negotiated a land swap, where the adjacent owners increased squared off their property and our client now had road frontage and access to Louisville Road.  This resolved the issue of the north side of the property not having road access.  Travis then worked with Columbia County and the surveyor to create a subdivision concept everyone was happy with. 

Travis also oversaw the thinning operation.  Having been in forestry for many years, Travis has lots of experience with timber thinning, and was careful to choose a timber company that he knew would be careful with the property, and could chip and mulch the debris.  Price McWhorter handled this project, and did a great job.  This company also oversaw repairs to the pond dam, which was in disrepair. 

The result was a beautifully manicured property, which was visible from the street, with a gorgeous pond.  The lots sold quickly, and as of now we have one remaining.  The owner will at the current price sell the lots for over 1 million dollars.   

 

Do you have any experience subdividing large tracts of land?  Have you ever performed a real estate cut on your land?  Do you have any good or bad stories of working with logging crews?  We’d love to hear from you!  

 

Helpful Links: 

North Georgia Timber

McWhorter Logging (Great GA Logging Contractor)

Story about Josh Key (Beech Island Timber)

Josh Key was honored as FRA’s 2019 Outstanding Logger of the Year

Beach Island Timber’s Website

5 Responses to “Timber Thinning and Subdivision Case Study: Magruder Tract”

    • Jonathan Aceves

      Robert we sold the pond lots for about $15K per acre, and the other lots are selling between 8500-9500 per acre. What kind of projects did you use McWorter and Key on? We’re thinning a piece in Grovetown now, after they finish I’ll be interested to see how fast it sells.

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