Mungo Homes has acquired two tracts of land totaling about 90 acres near the town of Lexington for future residential developments.
Southern Visions, a real estate firm headquartered in Lexington, announced in a press release that one of the tracts consists of about 24 acres and is located on Old Chapin Road in Lexington. The land was purchased for $682,000.
Southern Visions sales associates Rhett Kelly and Stan Mack represented the sellers in the transaction.
Kelly also represented the seller in a transaction involving Mungo’s acquisition of a 64-acre tract of land on U.S. 378 in Lexington for $2.5 million.