Parkland Preserve Active Adult Development Site

Parkland Preserve Active Adult Development Site

St. augustine, FL
Under Contract
  • Property Type: Development/Land
  • Property Size: / 10.45 Acres / ±210 Sites


Capstone Land Sales is proud to present the Parkland Preserve Active Adult Development Site: a 10.45-acre land site with 8.5 acres of prime buildable land that provides direct access to I-95 and International Golf Parkway in Saint Augustine, FL, and part of the St. Johns County submarket. The site is part of a 290-acre, gated, age-restricted, and master planned community being developed by DR Horton. The master development boasts amenities such as bocce ball, pickle ball, a dog park, and a common clubhouse. The DR Horton community will consist of 367 single-family homes. The parcel is currently zoned PUD/Non-Agricultural Use, which after entitlements are awarded within approximately 60 days, will allow for a density of up to 20 units per acre or approximately 210 units. Additional density may be acquired through the master developer. The site is ideal for age-restricted institutional multi-family Class A product or for age-restricted build-to-rent single-family development.

Investment Highlights

  • St. Johns County Boasts the Highest Household Income in Florida
  • Submarket Unemployment Rate of 3.4% is One of the Lowest in Florida
  • High Demand for Age-Restricted Product due to Aging Population and Limited Supply
  • Ease of Access and Connectivity to the Fast-Growing Jacksonville MSA

Contact Information

Cameron Hooper Investment Sales Advisor P: 904.923.5878
O: 800.746.3175 ext. 781
Jad Richa Managing Director P: 727.282.5547
O: 800.261.9464 ext. 703
Tom Huffsmith Investment Sales Advisor P: 321.418.5224
O: 800.261.9464 ext. 706
Nasser Al-Hafi Investment Sales Advisor P: 407.284.7071
O: 800.261.9464 ext. 719
Brian Hunsicker Senior Advisor P: 727.631.5870
O: 800.261.9464 ext. 700