Updated Jul 29, 2025
Patrick O'Malley Of Legacy Communities Acquires 332-Unit Manufactured Home Community In Zephyrhills For $22.5M
6340 Santa Fe Drive
$22,500,000
Units
332
Asset Type
Manufactured Home
Closing
Jul 28, 2025
About this deal
AI
Legacy Communities acquired a manufactured home property located at 6340 Santa Fe Drive in Zephyrhills, Florida. The asset encompasses 45 acres and consists of 332 homesites, tailored for a 55+ community. The total transaction price for the property was $22,500,000.
Summary of transaction details:
- Property Type: Manufactured Home
- Transaction Amount: $22,500,000
- Market: Zephyrhills
- Buyer: Patrick O'Malley - Legacy Communities
- Broker: HARRI5
- Units: 332
- PPU: $67,771
- Loan Assumed: $19,700,000 Fannie Mae loan
The transaction was brokered by HARRI5, showcasing the sustained interest from investors in mobile home assets within the Sun Belt region. This acquisition highlights the strategic move by Legacy Communities to expand its portfolio in the manufactured housing market.
On the Map
$22,500,000
Manufactured Home
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Players
Market Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Sale transactions
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Deal FAQ
About $67.8K per unit across 332 units on a published $22.5M (2025).
Browse Florida manufactured home sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93