KB Home Jacksonville Closes $5M Buy of 42 Acres for New-Construction Site
Linda Daniels and Associates has brokered the purchase of 42.5 acres of property by KB Home Jacksonville division. The property, located at 6164 Racetrack Road, was purchased from St. Johns Mortgage Management, Inc., for $5.2 million.
KB Home Jacksonville plans to develop the property as Stonecrest, a single-family home community beginning in summer 2022.
The development will include a projected 147 residential units adjacent to the growing Durbin Park community. The community will feature one- and two-story floor plans ranging in size from approximately 1,200 to 2,400 square feet. Other community features include proximity to The Pavilion at Durbin Park and the Shoppes at Bartram Park. Future community amenities will include a pool and clubhouse.
The community is zoned for Durbin Creek Elementary School and is located near I-95 and State Road 9B.
- ◦Sale/Acquisition