David Mandarich Of Richmond American Homes Purchases 67.47 Acre Development Site From Edward E. Burr For $38.45M

The property involved in the transaction is a development site located at County Road 208 & Pacetti Road in St. Johns County, covering an area of 67.47 acres. Richmond American Homes acquired this site for $38,450,000 from GreenPointe Holdings. The site is incorporated within the larger 1,400-acre TrailMark master-planned community, which is designed for the development of over 2,200 residential homes.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $38,450,000
• Buyer: David Mandarich - Richmond American Homes
• Seller: Edward E. Burr - GreenPointe Holdings
• Acres: 67.47
• Market: St. Johns County

David Mandarich represents Richmond American Homes in this transaction, while Edward E. Burr represents GreenPointe Holdings. The buyer, through this acquisition, purchased 197 lots specifically in the Whisper Creek Phase 13 section of TrailMark as part of the overall development initiative in the area.