Otter Creek Land.

More than 16 acres in southwest Little Rock changed hands in a $443,000 deal.

HL Land Development LLC, led by C. Douglass Hunnicutt and Michael Lasiter, purchased the land, most of which is on the south side of Baseline Road two miles west of Stagecoach Road.

Another four-acre parcel is at the west end of Fawn Tree Drive. The seller is Otter Creek Land Co., led by Tommy Hodges.

The acquisition is backed with a nine-month loan of $855,000 from Metropolitan National Bank of Little Rock.

The land previously was used to help secure an October 2001 mortgage of $3.5 million held by Summit Bank of Hot Springs.

Otter Creek Land acquired the property as part of a 210-acre tract in 1994 when the Federal Deposit Insurance Corp. sold its 50 percent stake to the Hodges-led group for $1.2 million.

All of this land was part of the original acreage purchased for $1.22 million in February 1973 from M.W. and Gladys Staples, R.J. and Gladys O'Connell and Josephine Graham.

The buyer was First Southern Services Corp., the real estate arm of the now-defunct FirstSouth Savings & Loan Association of Pine Bluff. The title was passed into the name of Rock, Venture, a joint enterprise with First Southern Services and Hodges' Greenbelt Development Inc.

Miracle Purchase

A 3.75-acre development in southwest Little Rock shifted ownership in a $380,000 deal.

Miracle Developments Inc., led by Bill Keathley, bought the Stagecoach Serf-Storage project at 8001 Stagecoach Road. The seller is Carter Oil Co.

The deal is financed with a two-month loan of $380,000 from Metropolitan National Bank of Little Rock.

Carter Oil purchased the property in November 1996 for $220,000 from Harry and Vica Booe. The Booes acquired it from Charles Wild in December 1969 for $20,000.