Updated Sep 1, 2026
Jeremy Hampson And Cammie Longenecker Of Taylor Morrison Acquire 415 Acres In St. Johns County For $45.38M
$45,376,000
Building Size
—
Asset Type
Development Site
Closing
Aug 27, 2026
About this deal
AI
A development site comprising 415 acres was sold for $45,376,000. Located on Longleaf Pine Parkway at Greenbriar Road in St. Johns County, FL, the site has been acquired for the development of Laurelwood at Esplanade at Pinewalk, a 400-home single-family community.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $45,376,000
- Address: Longleaf Pine Parkway Greenbriar Road
- Market: St. Johns County, FL
- Asset Size: 415 acres
- Buyer: Jeremy Hampson & Cammie Longenecker - Taylor Morrison
- Seller: Noah Breakstone - BTI Partners
The deal marks an expansion of Taylor Morrison's operations, following prior acquisition activities in the same region, including a $60 million purchase for another community intended for the 55-plus demographic within the 3,500-home master-planned development.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93