Tom Smith Land and Homes
2012 Sales: $50 – $100 Million
Who: Focuses primarily on tracts with recreational value as well as timber investment throughout the Southeast.
Wow: Listed Brandywine Island, a 10,000-acre island on the Mississippi River in Arkansas and Tennessee with 8,000 acres of hardwoods, for $35.5 million.
Insights: “We feel that the land market is going to continue to be the safe place to put your money,” says “The Land Man,” aka Tom Smith. “The majority of our larger sales are cash transactions where buyers are looking for a safe place to park their money. We never saw a reduction in price per acre and we are now seeing prices inching up.”
Pictured Above: Home to an astounding diversity of wildlife and unspoiled terrain, including 8 miles of frontage on the Mississippi River, Brandywine Island near West Memphis, Arkansas presents a rare opportunity to own a sporting property of this size and quality.
Download the Spring 2013 edition of The Land Report for the complete listing of our third annual survey of the country’s leading real estate firms specializing in land.