Updated Oct 27, 2025
Christopher Goodin Of Coastland Group Purchases 695 Acres In Northwest Jacksonville For $12.5M
$12,500,000
Building Size
—
Asset Type
Development Site
Closing
Oct 15, 2025
About this deal
AI
A development site located on Plummer Road in Northwest Jacksonville has been sold for $12,500,000. The size of the asset encompasses 695 acres, providing a substantial area for future projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,500,000
- Address: Plummer Road
- Market: Northwest Jacksonville
- Acres: 695
- Buyer: Christopher Goodin - Coastland Group
- Seller: Robert C. Taylor & Wendy G. Taylor
- Mortgage: $6,000,000 from the sellers
The buyer, Christopher Goodin of Coastland Group, plans to convert the acquired raw land into a residential community, signaling a significant development opportunity in the area. This transaction was facilitated through Chris Taylor HDH LLC.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93