Listed by Innova Land And Development Planning
$2,800,000
Pine Oak Preserve
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 175,100
Units 88
Price per SqFt $230
Acreage 16.580
Zoning PD — Single-Family (High Density), Marion County approved
Multifamily | 88 Units
Marketing description
Pine Oak Preserve is an 88-unit single-family residential development on 16.58 acres of Marion County canopy land, PD-approved for high-density single-family use. Land is secured at $2,800,000 and Flood Zone X status keeps insurance and risk profiles low.
The product is the Innova house line: Mia (3 BR / 2 BA, 2,160 sq ft), Elina (3 BR / 2 BA, 1,683 sq ft), and Grettel (4 BR / 3 BA, 2,321 sq ft). Each home delivers the standard Innova materials package — granite countertops, luxury vinyl plank flooring, shaker cabinetry, energy-efficient envelope.
Investment highlights
- OPEN TO REASONABLE OFFERS
- PERFECT LOCATION- JUST 5 MINUTES FROM OCALA HISTORIC DOWNTOWN AND 11 MINUTES FROM INTERESTATE ROAD I-75, CLOSE TO SCHOOLS, HOSPITAL, RESTAURANTS, STATE PARKS AND MORE
- Project Type 88-Unit Single-Family Build-to-Sell Development
- Land Status Secured · ready for construction
- Zoning PD — Single-Family (High Density), Marion County approved
- Unit Count 88 single-family homes
- Projected ROI 35.97%
- ROE (30% equity / 70% leverage) ~120%
- Development Timeline 24–30 months
- Project Planning Innova Land and Development Planning
- Land Acquisition $2,800,000
- Flood Zone X (Minimal Flood Risk)
- House Models Mia (3/2 · 2,160 sf) · Elina (3/2 · 1,683 sf) · Grettel (4/3 · 2,321 sf)
- Construction Cost $115/SF
- Site Development $3,520,000 ($40,000 × 88 units)
- Projected IRR ~20% (18%–25% timeline dependent)
- Target Market Build-to-sell · single-family for professionals and families
Listing Contacts
Listed by Innova Land And Development Planning
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Zoning
B-5 CommercialGeneral CommercialWholesale Business
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View all 170 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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