- Associated Press - Monday, May 30, 2016

VENICE, Fla. (AP) - A 2.5-acre undeveloped tract near Golden Beach in Venice once owned by bestselling writer Walter Farley has sold for $1.77 million.

The Herald-Tribune reports (https://bit.ly/1TF3T6R) that Southbridge Investments LLC bought the property from heirs Alice Patricia Farley, Walter Steven Farley and Timothy Farley.

Farley owned the land for more than 50 years. It is zoned for residential use and can be divided into as many as eight parcels. The property had been listed for $1.825 million.

Farley wrote the first of the Black Stallion series about the horse and his owner in 1941.

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