Medallion Home buys 553 acres in east Manatee

EAST MANATEE -- A Medallion Home company has purchased 553 acres in eastern Manatee County on State Road 64.

B Squared Ranch, LLC paid $900,000 for the property. The company said there are no imminent plans to develop the land.

"This is a great investment property for us as a long term hold," said Medallion Home owner and CEO Carlos Beruff.