KB Home Jacksonville Acquires 42.5 Acres Development Site In Saint Johns For $5.2M

Located at 6164 Racetrack Road in Saint Johns, this 42.5-acre development site was recently sold in a closed transaction. The property is a prime location for potential development projects in the area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,200,000
• Address: 6164 Racetrack Road, Saint Johns
• Market: Saint Johns
• Buyer: KB Home Jacksonville
• Seller: St. Johns Mortgage Management, Inc.
• Brokers: Linda Daniels and Associates

Represented by Linda Daniels and Associates, the buyer, KB Home Jacksonville, acquired this development site from the seller, St. Johns Mortgage Management, Inc. This strategic transaction highlights the potential growth and investment opportunities in the Saint Johns market. The sale price of $5,200,000 reflects the value and potential of this expansive property.