# Pine Oak Preserve – 88-Unit Single-Family Development

> Eighty-eight single-family homes carved into the Ocala canopy.

**Location:** Ocala, Marion County, FL  
**Status:** PD-Approved · Land Secured · Site Plan in Progress  
**Key figures:** 88 single-family units · 16.58 acres · 36% projected ROI

## Overview

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.

Key Investment Highlights:
• Prime 16.58-acre PD-approved single-family parcel
• Land secured at $2,800,000 · Flood Zone X
• 88 units · Mia / Elina / Grettel house line · 175,100 buildable SF
• Vertical construction: $20,136,500 ($115/SF)
• Site development: $3,520,000 ($40,000 × 88 units)
• Impact fees: $930,000 · Engineering: $750,000
• Total project investment: $28,136,500
• Gross sales: $40,273,000 ($230/SF) · Net after 5% commissions: $38,259,350
• Projected profit: $10,122,850 · ROI 35.97% · IRR ~20%
• ROE ~120% at 30% equity / 70% leverage · Equity multiple 2.2x
• Development timeline: 24–30 months

## Details

- Site: 16.58 acres of Pine Mesic Oak canopy · Ocala, Marion County, FL
- Program: 88 single-family units · Mia + Elina + Grettel models · 175,100 buildable SF
- Zoning: PD-approved for single-family (high-density)
- Land Acquisition (Secured): $2,800,000
- Site Development: $3,520,000 ($40,000 × 88) · Impact Fees: $930,000 · Engineering: $750,000
- Vertical Construction: $20,136,500 ($115/SF) · Total Investment: $28,136,500
- Gross Sales: $40,273,000 ($230/SF) · Net Sales (after 5% commissions): $38,259,350
- Projected Profit: $10,122,850 · ROI 35.97% · IRR ~20% · ROE ~120% · Equity Multiple 2.2x
- Timeline: 24–30 months · build-to-sell product

## Specifications

| Specification | Value |
| --- | --- |
| Project Type | 88-Unit Single-Family Build-to-Sell Development |
| Land Size | 16.58 acres |
| Land Status | Secured · ready for construction |
| Land Acquisition | $2,800,000 |
| Zoning | PD — Single-Family (High Density), Marion County approved |
| Flood Zone | X (Minimal Flood Risk) |
| Unit Count | 88 single-family homes |
| House Models | Mia (3/2 · 2,160 sf) · Elina (3/2 · 1,683 sf) · Grettel (4/3 · 2,321 sf) |
| Total Buildable Area | 175,100 SF |
| Construction Cost | $115/SF |
| Sales Price | $230/SF |
| Site Development | $3,520,000 ($40,000 × 88 units) |
| Impact Fees | $930,000 |
| Engineering | $750,000 |
| Vertical Construction | $20,136,500 |
| Total Project Investment | $28,136,500 |
| Gross Sales | $40,273,000 |
| Commissions & Closing (5%) | ($2,013,650) |
| Net Sales Revenue | $38,259,350 |
| Projected Profit | $10,122,850 |
| Projected ROI | 35.97% |
| Projected IRR | ~20% (18%–25% timeline dependent) |
| ROE (30% equity / 70% leverage) | ~120% |
| Equity Multiple | 2.2x |
| Development Timeline | 24–30 months |
| Target Market | Build-to-sell · single-family for professionals and families |
| Project Planning | Innova Land and Development Planning |

## Amenities

- Single-family detached homes (3–4 BR · 2–3 BA)
- Three model options: Mia, Elina, Grettel
- Private garages on each home
- Granite countertops in kitchen and bathrooms
- Shaker-style wood cabinets
- Luxury waterproof vinyl plank flooring
- Premium landscaping with native canopy preserved
- Build-to-sell — single-family for-sale product

## Sustainability

- Pine Mesic Oak canopy preservation
- Energy-efficient building envelope
- Energy-efficient HVAC and water heating systems
- Water-efficient fixtures and appliances
- Solar-ready infrastructure
- Flood Zone X — minimal flood risk, no off-site stormwater extension

## Market highlights

- Ocala metro is the #1 fastest-growing US metro (US Census Bureau)
- Marion County approved 6,422+ new homes/apartments in 2024
- 56.8% population growth projected by 2060
- Strong for-sale demand from professional and family demographic
- Limited supply of new single-family product at this price point
- Premium location with major-employer access

## Financials

### Project Cost Breakdown

- Land acquisition: $2,800,000
- Site development: $3,520,000 ($40,000 × 88 units)
- Impact fees: $930,000
- Engineering: $750,000 (vertical + infrastructure)
- Vertical construction: $20,136,500 (175,100 SF × $115/SF)
- Total Project Investment: $28,136,500

### Project Metrics

- Total buildable area: 175,100 SF
- Construction cost per SF: $115/SF
- Sales price per SF: $230/SF
- Spread per SF: $115/SF

### Revenue & Sales

- Gross sales: $40,273,000 (175,100 SF × $230/SF)
- Commissions & closing (~5%): ($2,013,650)
- Net Sales Revenue: $38,259,350

### Profitability

- Net sales: $38,259,350
- Total investment: ($28,136,500)
- Projected Profit: $10,122,850

### Returns

- ROI: 35.97% (profit / total investment)
- IRR: ~20% (18%–25% range · ~20% recommended)
- ROE: ~120% (30% equity ($8,440,950) / 70% leverage)
- Equity multiple: 2.2x

### Funding Structure

- Land already secured at $2,800,000 — outside the construction capital draw
- Construction & sellout capital: $25,336,500 (30% equity / 70% leverage recommended)
- Build-to-sell — capital returns from net sale proceeds at phased closings

## Comparable sales

| Address | Status | Price | Sq ft |
| --- | --- | --- | --- |
| 7324 58th Place, Ocala 34476 (Calesa Township Perlino Grove) | sold | $425,705 | 1,921 |
| 6760 SW 89th Ln, Ocala 34476 (Pioneer Ranch Phase 1) | sold | $428,000 | 2,223 |
| 4391 SW 82nd Loop, Ocala 34476 (Marion Ranch Phases 3 & 4) | sold | $436,200 | 2,223 |
| 8284 SW 59th Ter, Ocala 34476 (Brookhaven Phase 1) | sold | $516,000 | 2,550 |

## Documents

- **Pine Oaks Preserve PD Approved Plan Set** — Full Marion County PD-approved plan set for the 88-unit development.
- **Approval Resolution** — Marion County PD approval resolution for Pine Oak Preserve.
- **GIS Map** — Marion County GIS aerial plan with parcel outline.
- **Boundary & Topographic Survey (S001)** — Survey of the 16.58-acre parcel.
- **Mia Model Floor Plan** — Mia model — 3 BR / 2 BA, 2,160 sq ft.
- **Elina Model Floor Plan** — Elina model — 3 BR / 2 BA, 1,683 sq ft.
- **Grettel Model Floor Plan** — Grettel model — 4 BR / 3 BA, 2,321 sq ft.

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Full brochure: https://www.innovaldp.com/projects/pine-oak-preserve
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790