21 Acres on I-49 in Rogers Sold for $7 Million. Here Is the Paper Trail.
The buyer already owned the neighboring tract. The seller was a Delaware LLC. The lender was in Tulsa.
One buyer now holds 26 acres near I-49 and West Pleasant Grove Road in Rogers. Emerald Bay Partners paid $7 million for 21.06 acres in July, after paying $2.58 million for the 4.94 acres next door in October 2025.
The lender wrote a $7.25 million loan, $250,000 above the price, and the article does not explain the difference. The next signal is a zoning or site plan filing with the city.
Emerald Bay Partners LLC bought 21.06 acres at 5308 S. 28th St. in Rogers, northwest of Interstate 49 and West Pleasant Grove Road, for $7 million, or $332,418 per acre. Talk Business & Politics reported the sale on July 16, 2026.
The buyer's address is shared with Lexus of Tulsa, Oklahoma. BancFirst of Tulsa made a one-year loan of $7.25 million, which is $250,000 more than the price (computed). The article does not explain the difference.
Emerald Bay had already bought an adjacent 4.94 acres in October 2025 for $2.58 million, or about $522,267 per acre (computed). The two purchases total 26 acres and $9.58 million.
What are the facts?
| Item | Detail |
|---|---|
| Property | 21.06 acres of pasture and timber, 5308 S. 28th St., Rogers |
| Price | $7,000,000 ($332,418 per acre as printed) |
| Buyer | Emerald Bay Partners LLC, managed by David Litzinger |
| Seller | A Delaware LLC; vice president and secretary Russell Reiter |
| Lender | BancFirst (Tulsa), one-year loan of $7.25 million |
| Title agent | City Title & Closing LLC |
| Seller's earlier purchases | $4.5 million for part of the property and $675,000 for another portion in March 2022 |
| Earlier sellers | Bryan Properties Management Co. (Springfield, Mo.) and DT Real Estate LLC (managed by Rory Thompson) |
| Adjacent tract | 4.94 acres, $2.58 million, bought by Emerald Bay in October 2025 from DT Real Estate |
What is still unknown?
The article does not state zoning, a broker, the buyer's plans or a date for the $4.5 million purchase. It does not state why the loan exceeds the price.
What does it mean for land?
The two earlier purchases the article reports add up to $5.175 million. The $7 million sale is $1.825 million higher, about 35 percent (computed). Holding costs, closing costs and any improvements are not in the record, so that figure is a difference in purchase prices and not a profit.
The smaller adjacent 4.94 acres sold for about $522,267 per acre nine months before the larger tract sold at $332,418 per acre (computed). Across this one corner, the smaller tract carried the higher price per acre, which matches the tract-size pattern in the seven-sale comparison on this site.
Watch three things: a rezoning or site plan filed with the City of Rogers for either tract, the sewer capacity near Pleasant Grove Road, and a release of the one-year loan.
What should neighbors and buyers do now?
Ask the City of Rogers Planning Department what the future land use map shows for 5308 S. 28th St. and whether any application is on file. Ask the city utility where sewer service ends near West Pleasant Grove Road.
Frequently asked questions
How much did the 21 acres on I-49 in Rogers sell for? $7 million, or $332,418 per acre.
Who bought the Rogers land? Emerald Bay Partners LLC, managed by David Litzinger.
Did the buyer own nearby land? Yes. Emerald Bay bought an adjacent 4.94 acres in October 2025 for $2.58 million.
The bottom line
One buyer now holds 26 acres at a Rogers interchange corner after two purchases totaling $9.58 million.
A zoning or site plan filing with the city is the trigger to watch.
Looking for land in Northwest Arkansas? Browse land and acreage listings.
References
- Talk Business & Politics, "Real Deals: 21 acres along I-49 in Rogers sell for $7 million," July 16, 2026
Cited for: the sale price, parties, lender, address, prior purchases and the adjacent 4.94-acre sale
